 1.svg)
Registration of a company in the Czech Republic
- Price:2500 EUR
- Term:2-3 weeks
The Czech Republic is a central European state with great future prospects. Today, the jurisdiction is recognized as the third in the EU in terms of economic development and is often called "Eastern European Switzerland". And this is not surprising, because the Czech Republic has set its sights on joining the 20 most advanced countries in the world. One of the steps towards this status is the developed and adopted Innovation Strategy until 2030. The authorities are constantly working to improve the business climate and attract investors from all over the world.
Establishing a company in the Czech Republic is worth considering for IT activities, international logistics, import and export of goods, Internet trading, tourism, financial services, real estate purchase.
- identification of the client according to the KYC procedure
- registration procedures
- payment of the registration fee
- services of a legal address for a year
- preparation of a package of corporate documents
- translation of power of attorney and passport for shareholder and director
- registration of licenses
- legal and tax advice
- one courier delivery
- verification of the company's compliance with all compliance and KYC criteria
- legal support of the company
- services of a legal address for a year
- legal and tax advice
Opening a business account for a company in the Payoneer or Emerald24 payment systems is a comprehensive service from our company. This service does not require additional payment, as we strive to ensure the most comfortable start of your company and emphasize the importance of our cooperation. You pay only bank fees in accordance with the requirements of the payment system, and we take full responsibility for communication with the payment system and collection of documents.
Please note that this offer is valid only if the company's activities comply with the specified payment systems (high and ultra-high risk are not included in the list of permitted activities).
- 1The Czech Republic is a prestigious European jurisdiction that has never had offshore status
- 2Access to the European market, developed transport infrastructure
- 3Czech business license allows you to conduct more than 80 types of activities
- 4A wide network of double tax treaties concluded, more than 85
- 5Non-resident directors are not required to obtain a work permit in the Czech Republic
- 6Owners of a Czech company can apply for a local residence permit
- 7You can register a company in the Czech Republic with a minimum authorized capital
- 8No residency requirements for directors and shareholders of companies
- 9Registration of a company in the Czech Republic is possible remotely (by proxy)
Resident and non-resident companies are subject to a single corporate tax at a rate of 21%. The 5% concession rate is only available for investment funds (subject to conditions).
Income from passive sources (dividends, interest, royalties) is taxed at the standard rate of 15%, which can be reduced through the application of bilateral tax treaties. If dividends are paid to a country with which no double taxation agreement has been signed, the rate rises to 35%.
- A Czech company is required to register as a VAT payer in the following cases:
- - From January 1 of the following year, if its turnover for the previous year exceeded 2 000 000 CZK.
- - The day after its turnover for the current year exceeds 2 536 500 CZK.
Non-residents, including Ukrainians, can register a legal entity in the Czech Republic in the following forms: individual entrepreneur, partnership, fund, cooperative, open commercial company, joint-stock company and limited liability company (abbreviated as S.R.O.).
Opening a company in the Czech Republic in the form of an SRO is most suitable for small businesses. In turn, a joint-stock company has a more complicated registration procedure and is more expensive, but is demanded in the business world and is suitable for large respectable activities.
- Capital - the minimum amount is not set, from 1CZK. The standard is 100 000 CZK (about 4 000 EUR).
- Shareholder – at least one private or corporate person of any residency.
- Director – at least one private or corporate person of any residency.
- Secretary - not required, appointment is optional.
- Register of beneficiaries - open, basic information on own is available publicly.
- Available information - about the name, legal address, amount of authorized capital, shareholder, director, reporting.
- Substance requirements - to open a local account, a business connection with the Czech Republic is requested (partners, office, warehouse, employees). A real office is also required to obtain a VAT number.
- Legal address - must be located in the country of registration.
- Capital - depends on the type of company, for a public company – 20 000 000 CZK, for a closed one – 2 000 000 CZK (about 80 000 EUR). The entire amount must be paid prior to registration.
- Shareholder – at least one private or corporate person of any residency.
- Director – at least one private or corporate person of any residency.
- Secretary - not required, appointment is optional.
- Register of beneficiaries - open, basic information on own is available publicly.
- Available information - about the name, legal address, amount of authorized capital, shareholder, director, reporting.
- Substance requirements - to open a local account, a business connection with the Czech Republic is requested (partners, office, warehouse, employees). A real office is also required to obtain a VAT number.
- Legal address - must be located in the country of registration.
All Czech companies must keep accounting records and submit financial statements annually. Submission of annual financial statements is mandatory for all legal entities, even if assets, income and expenses are zero.
Financial statements in the Czech Republic are submitted annually and must be approved no later than 6 months after the end of the financial year. After approval, they must be submitted to the Commercial Register within 30 days, but in any case no later than 12 months after the end of the financial year. Financial statements are submitted by March 31 if they are submitted together with the tax return as a mandatory annex.
The volume and form of financial statements depend on the category of the company: micro, small, medium or large. The classification is based on the following criteria:- Micro-companies: assets up to CZK 11 million, annual turnover up to CZK 22 million, up to 10 employees.
- Small companies: assets up to CZK 120 million, annual turnover up to CZK 240 million, up to 50 employees.
- Medium-sized companies: assets up to CZK 600 million, annual turnover up to CZK 1.2 billion, up to 250 employees.
- Large companies: assets over CZK 600 million, annual turnover over CZK 1.2 billion, over 250 employees.
In addition, medium-sized and large companies are subject to mandatory audit requirements if they meet any two of the following criteria:
- annual turnover over 240 000 000 CZK ;
- value of assets over 120 000 000 CZK ;
- registered workforce over 50 people.
Small and micro-enterprises in the Czech Republic are exempt from mandatory audits.
Companies registered as VAT payers also submit VAT reports: monthly (the deadline for submission is the 25th of the following month) or quarterly (by the 25th of the month following the quarter).
If a company employs employees, it is necessary to report monthly to social security authorities and to prepare reports on employee income tax.
- 3 desired company names
- description of directions for future work
- national and foreign passports of the shareholder and director
- confirmation of the address of registration of the shareholder (for example, a utility bill receipt)
- confirmation of the director's registration address (eg utility bill)
- certificates of non-conviction at the place of citizenship for the director and shareholder
- CV (resume) for director and shareholder