Set up an LLC in Czech Republic
11
Set up an LLC in Czech Republic A presentation brought to you by CzechCompanyIncorporation.com 1
-
Upload
bridgewesteu -
Category
Business
-
view
32 -
download
4
Transcript of Set up an LLC in Czech Republic
Set up an LLC in Czech Republic
A presentation brought to you by CzechCompanyIncorporation.com
1
The Limited Liability Company
The limited liability company is the most common type of legal entity amongst the small and medium-sized businesses.
The limited liability company in Czech Republic is recognized by the “SRO” abbreviation.
Both individuals and legal entities can open a SRO in Czech Republic.
2
Incorporating an LLC in Czech Republic
An LLC in Czech Republic can be registered by a maximum number of 50 shareholders.
The LLC can also be represented by only one shareholder, but it is important to know that one individual can’t be the sole shareholder of a second company.
3
Register an LLC in Czech Republic
The limited liability company set up in Czech Republic requires a minimum CZK 1.
The legal entity will have to be registered with the Commercial Register, as well as with other relevant institutions, on which our company formation representatives in Czech Republic can offer more details.
4
Paying the Minimum Share Capital
When registering an LLC in Czech Republic, it is important to know that the minimum paid-up capital has to be deposited in amount of 30%.
In the situation in which there is a sole shareholder, the Czech legislation stipulates that the paid up capital has to be fully paid.
The procedure is compulsory before registering at the Commercial Register.
5
Obtaining a Trade License >>
Companies operating in Czech Republic need to obtain a trading license, issued by the Trade Licenses Office.
To do so, the investors will have to present the founder’s deed or the articles of association.
This is applicable if the company was not yet registered at the Commercial Register.
6
>>Obtaining a Trade License
After the license is issued, the investor will have 90 days to register the company with the Commercial Register.
If the company has already been incorporated, the businessman will have to obtain an excerpt issued by the Commercial Register.
7
Commercial Register Requirements
In order to register at the Commercial Register in Czech Republic, the businessman will have to provide the following documents: - incorporation documents;- confirmation on the deposited
capital;- specimen signatures;- trading license;- criminal record of the investors.
8
Operating a Czech Company >>
The registration process lasts approximately five days.
After that, the investor will have to register for taxation purposes, such as the corporate income tax, applicable at the rate of 19%.
However, it is important to know that in Czech Republic some businesses are taxed at a rate of 5%.
9
Operating a Czech Company
The company will have to register for health insurance and social contributions, once the business operations begin.
The procedure should be completed within eight days since the operations started.
Our team of company formation in Czech Republic can assist in this process.
10
Thank you for your attention!
For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.czechcompanyincorporation.com
11
