CZECH REPUBLIC LOCAL TIME
Overseas Territory: Czech Republic
Region: Central Europe
Currency: Czech koruna
Time Zone: GMT+2
Dial Code: +420
Wts.App: +44 775 479 5814
Viber: +44 775 479 5814
UK: +44 207 206 2487
Cz.Rep.: +42 022 888 1788
France: +33 182 888 048
Canada: +1 437 889 1960
Mobile: +44 775 479 5814
Main Characteristics and the basic rules of Company registration in Czech Republic
Do you have a plan to take your existing venture aboard but you are unsure about a viable country. You may opt for the Czech Republic for business extension needs. It is not only a popular destination for tourists but many business owners are eyeing this country to outsource or expand businesses.
If money is not a bar and you are willing to invest in developing a venture in the Czech Republic, you can gain in long run. The govt offers lucrative incentives and offers for foreign businesses that invest $ 10 million or more in the country. The incentives for a new plant or even a JV comprise of:
As a matter of fact, a number of US MNCs and brands have invested in the country. The list includes giants like Philip Morris, Procter & Gamble, Ford Motor Company, Coca-Cola, Motorola, Rockwell International, Gillette, and Citibank. Top countries that have invested in the Czech Republic include Netherlands and Germany. So, Czech Republic Company Formation may be prudent for you too.
If you invest for business expansion in this country, there are govt agencies to help you out. For example, entities like CzechInvest- a foreign investment agency run by the govt will assist you in setting up manufacturing operations. It does offer certain services like site selection assistance, business information free of cost. This should be a compelling reason for you to think of Czech Republic offshore Company Formation.
There are a few more reasons for you to expand business in the country, as it is. The Czech Republic gives you access to consumers in Central and Eastern Europe. Its location at the center of Europe is ideal for such needs. You will not have to worry about availability of skilled labor force as well. The country is politically stable and infrastructural setups are also strong.
There are numerous advantage of setting up business in the Czech Republic or expand an existing venture here. However, you will still do better by taking aid of an agency for handling legal norms and documentation. In this regard, you cannot go wrong by choosing the BRIS group. We will make your business expansion in Czech Republic smooth. To know more, give us a call today.
|Czech Republic Company Formation||Financial Advantages|
|Taxation:||Yes 20% taxes|
|Double Taxation Treaty Access:||Yes Treaty Access|
|Czech Republic Tax Information Exchange Agreements:||Yes, Czech Republic signed Exchange Agreements|
|Account Filing Requirements:||Yes accounting / reporting requirements|
|Annual Return Filing Requirements:||Yes annual return/ reporting requirements|
|Audit Requirements:||Yes audit required.|
|Czech Republic Company Formation||Registration Requirements|
|Share Capital:||CZK 1. Minimum paid up share capital: CZK 1|
|Classes of Share Available for Czech Republic company formation:||Registered shares|
|Bearer Shares:||Yes Allowed|
|Registered Office Required:||Yes required and must be maintained in Czech Republic.|
|Shareholders:||Minimum number is one|
|Directors:||Can be any nationality and need not be resident in Czech Republic.Corporate directors allowed.|
|Your Company language:||Czech|
|Name of your Company must be ended:||“s.r.o.”|
|Documents required for Czech Republic company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
|Czech Republic Company Formation||Restriction|
|For Czech Republic company formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||None|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
|Czech Republic Company Formation||Confidentiality and Security|
|Publicly Accessible Records:||Yes, accessible|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities:||No|
|Meetings of Directors and Shareholders to be held:||Anywhere (Cyprus advised)|
|Stability:||Assured confidentiality and outstanding reputation.|
|About Czech Republic|
|Region:||In Central Europe.|
|Political System:||A unitary parliamentary constitutional republic|
|Government:||President is the head of state and the Prime Minister is the head of government.|
|Governing corporate legislation:||Business Corporations Act|
|Type of Law:||Civil|
|Language of Legislation and Corporate Documents:||Czech|
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.
Corporation Tax: 19%
Income Tax: 53.5% (15% income tax + 6.5% by employee + 25% by employer (2.3% healthcare + 21.5% social security + 1.2% state policy of employment) + 7% solidarity contribution (assuming income is above 1 277 328 CZK per year))
VAT Tax: 21% (reduced rates of 15% and 10%)
The Czech Republic launched a new investment visa in 2017.