The Czech Republic has a high level of business reputation among other European countries and constant development in various industries. Right now, it is developing in the direction of industry and services. The state encourages foreign entrepreneurs with low taxes, transparent business legislation, and stability. Let's take a look at how to start a business in the Czech Republic and how Maira Consult can help.
Peculiarities of the popular form of company ownership in the Czech Republic
The country regulates trade relations with two main laws:
- The Commercial Code.
- The Law on Enterprise.
According to these regulations, the most common legal form of enterprise in the Czech Republic is Společnost s ručením omezeným or abbreviated SRO. In Ukraine, such a form of ownership is called a limited liability company (LLC).
Maira Consult lawyers emphasize that regardless of the type of company, it is necessary to obtain confirmation from the state to work in this industry. Namely, to obtain a license. They are:
- Simple. To obtain this license, you do not need to have a qualification confirmation.
- Complex. In this case, it is necessary to have certain professional skills and confirm them. If the owner of the company does not have special skills, then you can invite a responsible person who has the necessary professional experience.
Any person, even a non-resident of the country, can become a founder and director of a company in the Czech Republic. However, it is mandatory to provide documents that indicate the safety of the person. For example, it can be a certificate of no criminal record. Also, a legal entity can become a founder, but it is desirable that it is registered in one of the European countries.
Step-by-step business opening in the Czech Republic with Maira Consult
Opening a company in the Czech Republic is a fairly simple and fast procedure. But it requires careful attention and knowledge of legal issues. What does the process look like registering a company in the Czech Republic? Read the full guide from Maira Consult lawyers.
Preparation
It is possible to open a company in the Czech Republic without the owner's personal presence in the country. However, the founder must authorize a lawyer to deal with this issue. For this purpose, a power of attorney is drawn up and signed by a notary. You also need to prepare the following documents:
- a copy of the passport;
- a copy of the birth certificate;
- the original police clearance certificate.
Then the entire package of documents should be sent to the Czech Republic for consideration. These are the first steps to start a business in the Czech Republic."
Opening a corporate account and paying the authorized capital
According to Czech law, when establishing a company, it is necessary to pay the authorized capital. Currently, the minimum amount is CZK 1, but the recommended amount is more than CZK 100,000. This money will be used for the benefit of the company according to its needs. After opening an account and depositing money, you need to make a statement. This document is mandatory for opening a company in the Czech Republic.
Company registration
At this stage, documents are submitted to the Commercial Court to enter the company in the register. This will result in a court decision on the company's registration. You can check this fact on the website of the Czech Ministry of Justice. Subsequently, the company is registered with the Czech Tax Office and the Czech Statistical Office.
Obtaining licenses
Company registration is not the last step in the process that should lead to the opening of a business. In order to start a business in the Czech Republic, a mandatory step is to obtain licenses. It should be understood that state licenses are issued for an indefinite period and are divided into several main types:
- Registration licenses. Such licenses specify the types of activities of the company, which are subject to certain conditions and the payment of an administrative fee. It should be noted that the company's operation is considered to start on the day of registration. It should also be remembered that registration licenses are divided into free, bound and craft licenses. To get permission to engage in these types of activities, you need to obtain a concession from a higher-level organization. For example, it can be one of the ministries."
Thus, it is very easy to obtain simple licenses, because it can be done immediately after the company is registered. It takes about 4-6 weeks. To obtain a complex license, it takes more time and depends on the company's activities. In general, it can take up to 3 months."
Quick help with legal issues from Maira Consult
Now you know how to start a business in the Czech Republic. If you need help with any legal issues related to your new venture, don't hesitate to contact Maira Consult. We help in the following:
- register a business;
- advise on accounting and accounting requirements;
- assist in preparing tax reports;
- prepare the necessary documents for the tax authorities;
- if necessary, obtain a VAT number;
- close or liquidate a foreign company in accordance with all the rules;
- register a unique company trademark;
- open an account with a foreign financial institution;
- obtain a work license;
- conduct an audit of the company.
Would you like to get more detailed legal advice on how to start a business in the Czech Republic? Sign up for a free consultation right now.
