FAQ

No, the incorporation process can be conducted by a law proffessional from our office on the basis of a power of attorney or by selling the shares of a ready made company to the new shareholders. Thus, it's not mandatory for the beneficial shareholders to be in Czech Republic during any stage of the company incorporation unless they willingly want to.

• Get a Tax Number from the Czech Tax Authorities
• Confirm if there is a need to register for a V.A.T. number
• Inquire if it's necessary to register with the Social Insurance authorities in Czech Republic

According to the the Czech law, it's compulsory to have a local registered office in the Czech Republic. It's critical for receiving mail and tax purposes. Furthermore, accountancy for company registration in the Czech Republic is also compulsory.

According to the Czech company law, the types of companies that require a minimum share capital are the following:

Limited liability company

• There is a minimum of CZK1.

Joint stock company

• There is a minimum of CZK2 million or €80,000.

1. Corporate tax - Currently 19%.
2. VAT - The standard VAT rate is 21%, however some products may be taxed at the reduced rate of 15 or 10%.
3. Road Tax - Applicable only if you plan to use a motor vehicle in your business. Road tax rates are variable, but fall between CZK 1000-5000 annually.

Establishing and operating a business in the Czech Republic as a foreigner is highly regulated. Certain types of business activities require special permits, and they differ depending on the company’s type of activity.

The company incorporation process varies depending on the type of company. Usually the whole procedure does not exceed one month.