Foreign companies may operate in the Czech Republic, either by establishing a branch office registered in the Czech Republic or by establishing a Czech company. There are four different legal forms of companies; the most common are limited liability companies (s.r.o.) and joint-stock companies (a.s.).
How much does it cost to open a company in Czech Republic?
Incorporation costs in Year 1 amount to €3,550 and annual company costs in Year 2 and thereafter amount to €0. The average total fee per Czech Republic engagement amounts to €10,660, which includes company incorporation and opening a local corporate bank account and all government fees.
How do I start a business in Czech Republic?
The process of company formation in Czech Republic is as follows:
- Decide a Company Name. …
- Provide Criminal Record Clearance. …
- Provide Real Estate Register Clearance. …
- Advance the Minimum Share Capital. …
- Obtain Trade Licence and Clearances. …
- Get the Articles of Association Notarized. …
- Register Your Company at the Commercial Register.
How can I get business visa in Czech Republic?
Czech long term business visa
- A valid travel document (passport)
- Current photographs (2x)
- A document confirming availability of accommodation (lease agreement covering the whole period of stay in Czech Republic or confirmation of accommodation – a simple form will be provided)
Is Czech Republic good for business?
In 2018, the Czech Republic is ranked on the 30th place among 190 economies in the ease of doing business according to the latest World Bank annual ratings with DTF Score of 76,27.
What is SRO in Czech?
From Wikipedia, the free encyclopedia. Spoločnosť s ručením obmedzeným (abbreviation spol. s r. o. or s. r. o.; literal translation: “company with limited liability”) is a Slovak law business entity, the legal structure for a private limited liability company.
How can I open a restaurant in Czech Republic?
Company registration in Czech Republic
- propose a trading name, which can be registered at the Czech Ministry of Justice;
- notarize the articles of association with the help of a public notary; the notary can certify the lease agreement based on which the restaurant will held its activities;
How do I get a Czech trade license?
To be eligible for a Czech trade licence, you must be at least 18 years old.
You’ll need to present:
- Your passport.
- Your long-term residence permit.
- Criminal clearance report from your country of origin (affidavit for US citizens)
- Proof of your Czech business address**