Registering a Company in Czech

Registering a Company in Czech

Before reading about registering a company in Czech one should realize why this country is good for emigration. For businessmen and ordinary people financial matters are extremely important. Total expenses for company's registration and maintenance in Czech are lower than in other countries of European Union. You can compare the prices for having business in Czech and European countries in the table that Futurum Group specialists created for you (see here).

The procedure if company's registration in Czech Republic

According to Czech laws there is no difference between a company with limited responsibility (s.r.o.) registered by Czech citizen and foreigner. This means that procedure of registering a company is the same for all and requirement to company's activity are also same.

There are several kinds of Czech companies that have difference in amount of authorized capital and activities companies can make. A company with limited responsibility has minimum 200 000 koruns (7000 Euro) as authorized capital while other forms of companies may have authorized capital up to 2000 000 koruns (70 000 Euro).

S.R.O. is very attractive for immigrants as it's very easy to provide annual tax and book-keeping reports. Registering a company with limited responsibility gives right to its owner and co-owners to obtain one-year multiple visas that can be converted to Czech permanent residence permit in 5 years.

If to describe the procedure of registering a company without unnecessary details it will look like signing registering documents (company's regulations, application to trade court, and other documents that describe company’s activities) by notary and providing documents to Trade court where all Czech companies are registered. According to Czech law actions needed for company registration can be done by owner himself or by a person to whom an owner has given warrant. There is no need for you to be present in Czech for registering a company; all you need to do is to provide to Futurum Group's specialist a warrant in which you will give him right to register a company for you.

After finishing company registering procedure it will be registered in tax bureau. All the steps of company registration will be controlled by you as we are sending copies of all the documents to our client as soon as we get them. The fact that a company has been registered you can check on the official site of Ministry of Justice in Czech Republic.

A whole procedure of company registration usually continue 3-4 weeks (from the moment notary has signed registering documents). But one should realize that a time for registering a company will be a bit longer ( up to 2 months) as after a client signs contract with Futurum Group he has to prepare documents, give company's name and send documents to Czech.

Authorized capital

The minimum authorized capital needed for registering s.r.o. is 200 000 Czech koruns that is equal to 7 000 Euro. According to Czech law after company will be registered its owner can use it for running business (paying salary to workers, advertisement, office rent). The procedure of putting authorized capital to clients' company account is described in a contract between client and Futurum Group.

It can up to 50 co-owners of Czech company, but because of strict embassy requirements Futurum Group's specialists never register a company with more than 5 co-owners. Any person who reached 18 years old can become co-owner of Czech company. Company’s "life" is not limited; you can do business and use its means as long as you wish. But each year before end of March one has to submit annual report about company's activity.

Submitting documents for company's registration

A company with limited responsibility can be established on the basis of its regulations. While company's registration regulations have to be made in a written form and approved by notary

. After that the following documents has to be submitted and signed by notary:

- Application for registering a company in Trade Court;

- Application of a person providing money for authorized capital;

- Application of a company's president with examples of signature.

For submitting documents for companies registration one has to provide:

- Company's name (minimum 3-letter word)

- Juridical address of a company

- Company's activities

- Owner or co-owners data (name, surname, maiden name, date and place of birth, number of passport for

traveling abroad, passports validity)

- Amount of authorized capital (minimum 200 000 koruns)

- Amount each co-owner contributed (minimum 20 000 koruns)

- Company president's data and his address in Czech Republic (According to Czech law only Czech citizen or a person who already got Czech residence permit can become president of the company. Futurum Group's specialist will become president of the company, as soon as you get residence permit you will become your company's president).

- Company president's uncriminal record in Czech Republic.

Opening company's bank account and paying authorized capital

For registering a company one need to open special account where company's authorized capital (200 000 koruns) has to be put. This sum is blocked till Trade Court does not provide company’s registration certificate. After a company is registered and bank account unblocked its owner can use authorized capital for developing

Registering a company in Trade List

Registering a company in Financial Bureau

After registering a company and getting registration certificate one has to register it in Tax and Financial Bureau.

移民信息

菜单

Registering a Company in Czech