Czech Republic Company Formation
- European jurisdiction. Fast, secure, online Czech company formations.
- Time of Czech Republic company formation takes approximately 2 weeks.
- Personal presence is not required.
- Popular company type:
- Czech Limited Liability Company “Společnost s ručením omezeným”
Tax Rates in Czech Republic
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%)
About Czech Republic
Overseas Territory: Czech Republic
Capital: Prague
Region: Central Europe
Language: Czech
Currency: Czech koruna
Time Zone: GMT+2
Dial Code: +420
Abbreviations: CZ
What we can do for your Company in Czech Republic
- We do all paperwork on forming the company in Czech Republic
- Formation is completely remote
- Can act as Secretary or Treasury
- Provide nominee Directors/Shareholders
- Assist with opening a bank account
- Registration for Taxes, VAT & EORI
- Develop a website for your business
- Create a logo of your brand
- Provide with full company administration services
- Arrange a mailing address for your business
- Arrange a virtual office for your company
- Telephone answering service
- Book keeping, audit & reporting
- Preparing and submitting VAT return
- Dealing with local authority
- Trademark registration
Czech Republic Company Formation. Czech Limited Liability Company “Společnost s ručením omezeným”
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:
- Corporate tax relief which can be up to 10 years
- Job training grants
- No customs duty on the imported equipments
- Possibility of locations in customs-free zone
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 |  |
|---|---|
| Capital city: | Prague |
| 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 |
| Currency: | Czech koruna |
| Exchange Control: | None |
| Language of Legislation and Corporate Documents: | Czech |
| Time Zone: | GMT+1 |
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Czech Republic Investment Immigration
The Czech Republic launched a new investment visa in 2017.
- The Investor has to create at least 20 full-time jobs (for EU-citizens);
- The investment in the amount of at least CZK 75,000,000 (approximately EUR 2,850,000 or USD 3,250,000).
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.
