Is it compulsory for the beneficial owners to visit Czech Republic during the company incorporation process?

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.




What factors should I consider after the company incorporation in Czech Republic?

  • 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

What do you need to open a bank account in Czech Republic?

You can open a bank account with any bank in the Czech Republic. For a company bank account, you have to submit the company incorporation documents along with a copy of passport(s), utility bills, bank reference letter, etc.

Is it mandatory for a company to have an office in the 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.


What is the minimum share capital required to open a company in the Czech Republic?

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.

What are the types of taxes levied in the Czech Republic?

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.

Is it required to have special permits or licenses for doing business in the Czech Republic?

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.


What are the types of companies that one can open in Czech Republic?

General Partnership (Veřejná obchodní společnost | v.o.s.)
Limited Partnership (Komanditní společnost | k.s.)
Limited Liability Company (Společnost s ručením omezeným | s.r.o.)
Joint Stock Company (Akciová společnost | a.s.)
Cooperative (Družstvo)
Organizational Branch of a foreign company (Organizační složka)
European Company (or “SE”, Societas Europaea)
European Cooperative Society
European Economic Interest Group

Why should you invest in the Czech Republic?

The Czech Republic might not have the lowest tax rates but it has one of the most attractive and strategic georgraphical location for foreign investments.

Can foreigners incorporate a company in Czech Republic?

The short answer is: yes, but there are several other factors to be considered depending on your country of residence.

How long does it take to open a company in Czech Republic?

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

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