Czech Republic


The most powerful among the Slavic tribes were the Czech. The formation of the Czech State began in the 7th century. In the 10th century the principality of Czech was part of the Roman Empire. These territories were under governing of the German Emperors from the 9th to 14th centuries. The period of Interregna lasted from 1439 until 1452. The confrontation between the Protestants and Catholics provoked the Thirty Years’ War in the 17th century. Following the end of the war the Catholicism became the only religion to have legal status. Since the 17th century the territories were under governing of Habsburgs. German language became the language of teaching and state authorities in spite of the patriots’ efforts to introduce the Czech language. From 1867 until 1918 the Czech Republic was part of Austria-Hungary. In 1918 the independent Czechoslovakia was formed. In 1993 it was divided into independent Czech Republic and Slovakia. In 1995 the Czech Republic was the first state among the former social countries which was admitted to the OECD. In 1999 the Czech Republic became a member of NATO, and in 2004 it joined the European Union.

Service packages

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Service item Express Standard Optimum
Company registration
Legal address per year
Secretarial services for the first year
Fees and duties for the first year
Apostilled bound set of incorporation documents
Compliance fee
Nominee service per year
Bank Account Pre-approval
Price

8 150 USD

11 675 USD

12 175 USD

I want to order «»

Contact method: and / or

Core Services

6 750 EUR

— Incorporation

including incorporation tax, state registry fee, including Compliance fee

Included

— Annual government fees

Business Registry incorporation fee

4 020 EUR

— Corporate legal services

including registered address and registered agent, NOT including Compliance fee

150 EUR

—Delivery of documents by courier mail

DHL or TNT, at cost of a Courier Service

1 035 EUR

— Apostilled set of Statutory documents

Optional services

1 930 EUR

Nominee Director

Paid-up “nominee director” set includes the following documents

990 EUR

Nominee Shareholder

Paid-up “nominee shareholder” set includes the following documents

Related services

Tax Certificate

Company’s tax residence certificate for access to double tax treaties network

Certificate of Good Standing

Document issued by a state agency in some countries (Registrar of companies) to confirm a current status of a body corporate. A company with such certificate is proved to be active and operating.

Certificate of Incumbency

Compliance fee

Compliance fee is payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder)

250 USD

Basic

simple company structure with only 1 physical person

50 USD

For legal entity in structure under GSL administration

additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

100 USD

For legal entity in structure not under GSL administration

additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

350 USD

For client with high risk Status

Cost of incorporation, including first year servicing 8150
Cost of nominee director services per year, including an apostilled set of documents 2330
Cost of nominee shareholder services per year, including an apostilled set of documents 1195
Cost of annual service, starting from the second year 4850
Open account in 26780
Incorporation timescale for a turnkey company 15 days
Country 26668

General information shortly

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Total area Population Capital Unemployment Corruption perceptions index rank
78.866 sq. km 10.162.921 (2013) Prague 8.2% (2013) 57
Location Central Europe
National currency Czech koruna
Conditional reduction of currency CZK
Against USD 25.04
Climate, average max and min t° temperate; cool summers; cold, cloudy, humid winters; avg. maximum temperature (August) +25°C; avg. minimum temperature (January) -15°C
Time difference from Moscow - 3 hours
Dialing code +420
State language Czech
Ethnic groups 63.7% Czechs, 4.9% Moravians, 1.4% Slovaks, 29.9% others
Literacy rate 99%
Credit rating A+
Government type Parliamentary democracy
Executive branch Government headed by the Prime Minister
Legislative branch bicameral Parliament: Chamber of Deputies (200 members) and Senate (81 members)
Judicial branch Supreme Court, high courts, regional courts, magistrate courts
GDP per capita rank 41 (2013)

Corporate info

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Shelf companies permitted Legal system Incorporation timescale for a turnkey company Cyrillic alphabet permitted in company name Local registered office
Yes civil law 15 days No Yes
Types of entity sole trader; joint-stock company; limited liability company; public trading company; limited partnership; cooperative
Incorporation timescale for a new company 5 days
Company suffix s.r.o. or spol. s r.o.
Sensitive words “Bank”, “Trustee Company”, “Assurance”, “Building Society”, “Trust Company”, “Royal” etc.
Local registered agent No
Information to be kept at the registered office No requirements
Seal required, type of seal not required
Redomiciliation (to, from) permitted permitted

Director and secretary

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Minimum number of directors Residency requirements for directors Corporate directors permitted Disclosure to local agent Disclosure to public
1 No No Yes Yes
Directors’ meetings/frequency/location Yes / no requirements
Company secretary required No
Residency requirements for a secretary No
Qualified secretary required No
Corporate secretary permitted No

Shareholder and beneficiary

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Minimum number of shareholders Residency requirements for shareholders Corporate shareholder permitted Disclosure to local agent Disclosure to public
1 No Yes Yes Yes
Meetings/frequency/location Yes / annually/ no requirements
Beneficiary info disclosure to No

Shares and share capital

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Minimum authorized share capital Minimum issued share capital Minimum paid share capital Authorized capital payment deadlines Bearer shares permitted
25000 25000 25000 Before registration No
Issued capital payment deadlines Before registration
Standard currency Czech koruna
Standard authorized share capital 25000
Standard par value of shares 1
Shares with no par value permitted No

Taxes

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Min. rate for corporate tax Capital gains tax VAT Withholding tax Exchange control
19% Regular rate 21% 15%/15%/15% No
Personal tax 15-23%
Corporate tax (in detail) Income tax is paid at the rate of 19%. With regard to income in the form of dividends, tax is paid at the rate of 15%
Capital gains tax. Details generally included with other taxable income and taxed at the regular corporate income tax rate
VAT. Details The standard VAT rate is 21%. Reduced rates of 15% and 10% apply to some goods and services
Other taxes Social contributions, Real estate tax

Accounts

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Requirement to file accounts Publicly accessible accounts Audit required Requirement to file Annual Return Publicly accessible Annual Return
Yes Yes No Yes No
Requirement to prepare accounts Yes
Double tax treaties network 90
Tax Exchange Information Agreement network 14
OECD member Yes
Offshore/onshore status according to the RF laws No

GENERAL INFORMATION

General info

The Czech Republic is a country in Central Europe. The country is bordered by Germany to the west, Austria to the south, Slovakia to the east and Poland to the north.
Total area of the country is 78,866 sq. km. The population is 10,162,921 people (2013). Among ethnic groups are 63.7% Czechs, 4.9% Moravians, 1.4% Slovaks, 29.9% others.
The capital is Prague.
The official language is Czech.
The currency is Czech koruna (CZK). 1 USD is equal to 19.93 CZK.
Climate of Czech is temperate; cool summers; cold, cloudy, humid winters; avg. maximum temperature (August) +25°C; avg. minimum temperature (January) -15°C.
Time difference with Moscow is -3 hours.
Literacy rate is 99%.
Calling code is +420.

History

The most powerful among the Slavic tribes were the Czech. The formation of the Czech State began in the 7th century. In the 10th century the principality of Czech was part of the Roman Empire. These territories were under governing of the German Emperors from the 9th to 14th centuries.
The period of Interregna lasted from 1439 until 1452.
The confrontation between the Protestants and Catholics provoked the Thirty Years’ War in the 17th century. Following the end of the war the Catholicism became the only religion to have legal status.
Since the 17th century the territories were under governing of Habsburgs. German language became the language of teaching and state authorities in spite of the patriots’ efforts to introduce the Czech language.
From 1867 until 1918 the Czech Republic was part of Austria-Hungary.
In 1918 the independent Czechoslovakia was formed. In 1993 it was divided into independent Czech Republic and Slovakia.
In 1995 the Czech Republic was the first state among the former social countries which was admitted to the OECD. In 1999 the Czech Republic became a member of NATO, and in 2004 it joined the European Union.

Government Type

Czech Republic is a parliamentary republic.
The head of state is the President. He has limited specific powers, most importantly to return bills to the parliament, nominate constitutional court judges for the Senate's approval and dissolve the parliament under certain special and unusual circumstances.
Executive power is represented by Czech Government headed by Prime minister. Prime minister is appointed by the President. He wields considerable powers, including the right to set the agenda for most foreign and domestic policy, mobilize the parliamentary majority and choose government ministers.
Legislative power is formed by the bicameral Parliament which comprises the Chamber of Deputies (Poslanecká sněmovna) and Senate (Senát). 200 memebers of the Chamber are elected for a 4-year term by proporational representation. 81 member of the Senate are elected in single-seat constituencies by two-round runoff voting for a six-year term, with one-third elected every even year in the autumn. The Chamber of Deputies is the highest legislative body of the state, it has the powers to carry on vote of confidence in the Government (on the request of no less than 50 members). Bill passed by the Chamber may be not approved by the Senate. Alike the Senate, the Chamber may be dissolved by the President.
Judiciary branch comprises the Supreme Court, courts of appeal – high courts (Vrchní soud), courts of first instance – regional courts (Krajský soud) and magistrate courts (Okresní soud).

Economy

The Czech Republic possesses a developed, high-income economy with a per capita GDP rate that is 81% of the European Union average. One of the most stable and prosperous of the post-Communist states, the Czech Republic saw growth of over 6% annually in the three years before the outbreak of the recent global economic crisis. Growth has been led by exports to the European Union, especially Germany, and foreign investment, while domestic demand is reviving.
Most of the economy has been privatised, including the banks and telecommunications.
The country is part of the Schengen Area from 1 May 2004, having abolished border controls, completely opening its borders with all of its neighbours, Germany, Austria, Poland and Slovakia, on 21 December 2007. The Czech Republic became a member of the World Trade Organisation on 1 January 1995.
Although the country is economically better positioned than other EU Members to adopt the euro, the change is not expected before 2019, due to political reluctance on the matter.
The Programme for International Student Assessment, coordinated by the OECD, currently ranks the Czech education system as the 15th best in the world, higher than the OECD average. The Czech Republic is ranked 30th in the 2012 Index of Economic Freedom.

CORPORATE INFORMATION

Legal system

Czech legal system belongs to the Germanic branch of continental legal culture (civil law).
The system of law and justice in the Czech Republic has been in constant development since the 1989 regime change. In 1993, the Constitution of the Czech Republic has been enacted. Since 2004, the membership in the EU means the priority of European Union law over Czech law in some areas.
Sources of Czech law are the Constitution and constitutional acts; international treaties ratified by the Parliament; statutes adopted by the Parliament, published decisions of the Constitutional Court; derived legislation: government orders and notifications of ministries; legislative acts of territorial self-government bodies: regional ordinances and municipal ordinances; Acts of parliament and other legal regulations enter into force on the day they are promulgated (published) in the official Collection of Laws although they may take effect at a later date.

Types of entity

The principal forms of business organization in Czech republic are:
  • sole trader;
  • joint-stock company;
  • limited liability company;
  • public trading company;
  • limited partnership;
  • cooperative.

The most common structure is the limited liability company.

REGISTRATION

Company name

There is a range of requirements to the company name in Czech Republic:
  • a company name shall not be identical with or resemble too nearly to the name of an existing company;
  • it must comprise the words "společnost s ručením omezeným" (Limited Liability Company), or at least one of the admissible abbreviations, "spol. s r.o." or "s.r.o.";
  • it cannot be deceptive;
  • it should not contain the following words: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, “Trust Company”, “Royal” etc.

Registration

The following steps are required to incorporate a Limited liability company in Czech Republic:
  1. Check for uniqueness of company's name online – less than 1 day : The uniqueness of the company name can be verified by accessing a database on the Ministry of Justice's Web site (www.justice.cz).
  2. Obtain extracts of criminal record and real estate at Czechpoint Offices – 1 day : Real estate extract can be obtained from so-called Czechpoints, which are usually located at the post offices, municipal and district offices. Since 2013, it is possible to obtain necessary documents online with a hard copy delivery, but only for companies with an address in the Czech Republic.
  3. Notarize articles of association – 1 day : Fees to notarize the articles of association depend on the amount of the company’s registered capital and on the number of copies of the notarial record required by the company's founders. The minimum fee is about CZK 4,000, and the maximum is about CZK 113,000, including 21% VAT. The notary public is responsible for the compliance of the contents of the company’s articles of association with Czech law. The notary prepares the articles of association according to the founders' requirements. Certain notaries public require the following documents before executing the articles of association: an affidavit from the company managers; confirmation from the owner of premises where the seat will be located that the company is entitled to have its seat on those premises, along with an extract for the premises from the Real Estate Register. The founders must comply with the requirements stipulated by the Czech Commercial Code. They must confirm their compliance in an affidavit submitted to the City Court. Since January 2012, it is no longer required to submit the founders' signatures to the City Court.
  4. Obtain confirmation of the administrator of the capital contribution of the company, along with the confirmation of the bank that the capital contribution is held in the company’s special bank account – 2 days : Until the company is registered, the registered capital is usually blocked in the special bank account. Opening a special bank account usually costs about CZK 5,000. However, some banks open special accounts for nothing on condition that the company will open a bank account after its incorporation.
  5. Register with the Trade Licensing Office and obtain extract of the trade license – 5 days : The company has to register its business activities with the Trade License Office to be able to obtain an extract of its trade license. The required documents are memorandum of association if the company has been founded but not yet established (i.e. registered with the Commercial Register); if the company has already been registered with the Commercial Register, an excerpt thereof that cannot be older than 3 months will be required; proof of legal use of premises (i.e. a notarized copy of the (sub)lease agreement or the excerpt of the Real Estate Cadastre); and proof of payment of the administrative fee. The Trade License Office must complete the registration process within 5 days from the day when all required documents were submitted. After the completion of the registration process, the Trade License Office issues the excerpt of the trade license register which must be delivered to the applicant, either picked-up personally by the applicant at the Trade License Office or delivered by mail. The first issue of the trade license is free of charge. It is also possible to file the application online; however, the applicant must have a certified signature, otherwise such application will not be considered effective.
  6. Register in the Business Registry of the Regional Commercial Court – 7 days : The Czech Commercial Code and the Czech Civil Procedure Act were amended to comply with European Community law (effective July 1, 2005) and to simplify and speed up registering in the Commercial Register. The amendment introduced standard forms for applications, reduced the number of participants to the proceedings, introduced a simplified procedure for registration, stated the exact time limits for decisions and their issuance and entries, introduced the "silence-is-consent" rule, and set limits for implementing the full electronic administration of the Commercial Register. Since July 1, 2006, the time limit for the court to decide on registration is 5 working days. To register a newly founded company in the Commercial Register, an application must be submitted to the relevant court administering the register. This application must be completed on a standard form and signed by all first directors of the company (or their proxy, if applicable) before a notary. The following documents must be enclosed with the application for company registration in the Commercial Register: (a) the company’s articles (memorandum) of association in the form of a notary deed; (b) documents proving the company's title to the premises in which its seat is located; (c) a confirmation from the administrator of the contributions into the company's registered capital confirming that each founder paid up at least 30% of his or her monetary capital contribution; (d) a confirmation from the relevant bank that the capital contributions are held in the company's special bank account for the registered capital; (e) documents on the company managers/executive.
  7. Register for taxes – 1 day: According to the new resolution on January 1, 2013, the deadlines for registering with the Tax Office changed: income tax and general registration: 30 days from the registration of the Company by the Commercial Register; withholding tax and payroll tax registration: 8 days; VAT obligatory registration: within 15 days following the end of month in which the conditions are met or in certain cases within 15 days following the date when the company automatically becomes a VAT payer; VAT voluntary registration: submit the registration at any time. Upon submitting the application for income tax registration, the company receives a tax identification number (same number as for the VAT and the income tax).
  8. Register for social security – 1 day (simultaneous with previous procedure): The company must register within 8 days as of the date when the first employee enters into work (the employee's and employer's registration are in practice be made at the same time). An 8-day notification deadline applies in case of certain changes occur.
  9. Register for health insurance – 1 day (simultaneous with previous procedure): The same rules apply as for social security registration.

The formation of a new company in Czech Republic takes about 2 weeks.

Local registered office

As a rule, a Czech Limited Liability Company must have a registered office in the Czech Republic and in the course of the registration process it must prove its legal title to the office, for example rental agreement, or a consent of the owner. The registered office should not be a temporary address only for the purpose of company registration. The company does not have to keep records in Czech Republic. If the company chooses to keep records they can be kept anywhere in the world.

Seal

There are no statutory requirements for a company in Czech Republic to have a seal.

Redomicile

The redomiciliation of companies to or from Czech Republic is permitted.

COMPANY STRUCTURE

Directors

A Czech limited liability company does not have a board of directors. Its statutory body is made up of one or more executive officers. The law does not restrict their number. The executive officer is appointed by the general meeting, the supreme body of the company, or by the sole shareholder exercising powers of the general meeting. Each executive officer acts on behalf of the company independently unless the founder`s deed or the articles of association (if adopted) stipulate otherwise.
A director can be of any nationality. However, an non-EU national needs to comply with some visa requirements in order to be appointed as a director. A non-EU/EEA resident or citizen needs a criminal record check document from the country of citizenship and from the Czech Republic. (even though the client has probably never lived in the Czech Republic).
The names of directors do appear in public records.

Secretary

Czech limited liability companies are not required to appoint a company secretary.

Shareholders

Each Czech company must have at least one shareholder. There is no restriction on the nationality or residency of the shareholders. The shareholders can be individuals and/or legal persons.
Shareholders’ meetings should take place at least once year.
The names of shareholders do appear on public records.

Beneficiary

The details of the beneficial owner are not available on public record.

Share capital and shares

The minimum registered capital for an LLC is CZK 25,000 (approx. 1.000 EUR) and may consist of non-monetary (in-kind) and/or monetary contributions. The founding document must specify the non-monetary contribution and its value, which is assessed by an expert appraiser appointed by the court. The standard amount of share capital is CZK 25.000. The standard par value of shares is CZK 1 (0.04 EUR).
Bearer shares and shares with no par value are not permitted.

TAXATION

Personal income tax

Czech tax residents pay tax on their worldwide income, non-residents – on income from Czech sources.
The income tax is paid at 15% on income up to CZK 1,701,168 (appr. EUR 64,331) and at 23% on the excess.
Certain types of income from foreign sources, such as dividends and interest, are included in a separate tax base and taxed at the rate of 15%. Dividends and interest received by residents from Czech companies are subject to 15% withholding tax.
Gains from the sale of assets are included in the general tax base. However, there are various exemptions. Thus, income from the sale of securities is tax exempt if securities have been held for at least 3 years, or if the income does not exceed CZK 100,000; income from the sale of participation in limited liability companies is tax exempt provided the participation has been held for at least 5 years; income from the sale of a house or an apartment is tax exempt if the property has been owned for at least 2 years, etc. Gains from the sale of assets used for business purposes are subject to tax.

Corporate income tax

Czech companies pay corporate income tax on their worldwide income, while foreign companies – on income from Czech sources.
The corporate income tax rate is 19%.
Dividend income is subject to tax at the rate of 15%.
Gains from the sale of assets are included in the general tax base.
Gains from the sale of shares and dividends are tax exempt if the Czech parent company has held at least 10% of shares of a Czech subsidiary or of an EU company for at least 12 months, and both companies are taxable, and certain other conditions are met.
Gains from the sale of shares in and dividends from non-EU companies are tax exempt if there is a double tax treaty with the respective country, the subsidiary is taxed at least at 12%, and the above criteria for the size of participation and holding period are met.

CFC rules

A foreign company is considered a controlled foreign company (CFC) if more than 50% of its capital or voting rights or rights to profits is held, directly or indirectly, solely or jointly with related parties, by a Czech company, and if the foreign company does not conduct genuine economic activity and is taxed at a rate of less than 50% of the tax that would otherwise be payable in the Czech Republic.
In this case, the CFC’s non-distributed profit from passive income is included in the tax base of the controlling Czech entity. For these purposes, passive income includes interest, dividends, royalties, lease income, capital gains from the sale of shares, income from banking and insurance activities and other financial services, income from the sale of goods and provision of services in transactions with related parties with little value added.

Withholding tax

Payment of dividends, interest and royalties is subject to 15% withholding tax.
Dividends, interest, and royalties paid to non-DTT (Double Tax Treaty) or non-TIEA (Tax Information Exchange Treaty) countries are taxed at 35%.
Tax rates are reduceable under double tax treaties and EU directives.

VAT

The standard VAT rate is 21%.
Some goods and services are subject to the reduced rates of 15% and 10%.

Social security contributions

Social security contributions are 6.5% for the employee and 24.8% for the employer. At the same time, this contribution is not paid on remuneration exceeding the average salary increased 48 times (i.e. CZK 1,701,168).
The health insurance contribution is 4.5% for the employee and 9% for the employer.

Immovable property tax

Immovable property tax is levied on land and buildings.
The rates are set by local authorities and vary greatly depending on the location and type of the property.

Double tax agreements

The Czech Republic has entered a number of double tax and tax information exchange mechanisms:
  • 90 DTCs: Albania, Armenia, Australia, Austria, Azerbaijan, Bahrain, Barbados, Belgium, Belize, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Korea (Republic of), Kosovo, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Moldova, Mongolia, Montenegro, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Panama, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syria, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, UAE, Ukraine, USA, Uzbekistan, Venezuela, Vietnam.
  • 14 TIEAs: Andorra, Aruba, Bahamas, Belize, Bermuda, British Virgin Islands, Cayman Islands, Cook Islands, Guernsey, Isle of Man, Jersey, Monaco, Saint Martin, San Marino.

Exchange control

Foreign exchange transactions can generally be made without restrictions.

ACCOUNTS

Accounting records

All legal persons with their seat in the territory of the Czech Republic, foreign persons doing business in the territory of the Czech Republic, natural persons – entrepreneurs entered in the Commercial Register or if their turnover in the last calendar year exceeded the amount of CZK 25,000,000, as well as all entities who have voluntarily decided to keep the accounts, are obliged to keep accounts.

Financial statements

Some companies are obliged to keep the accounts and complete financial statements according to the International Accounting Standards. These are companies who issue securities registered in the regulated securities market in one of the member states of the European Union.
The financial statements consists of balance sheet, profit and loss statement, and appendix. Financial statements can also include cash-flow and an overview of changes of equity capital. Financial statements are compiled as at the balance sheet day.
The financial statements are published in the Commercial Register. Accounting units are obliged to archive statements for at least 10 years.

Audit

The following accounting units have the duty to have ordinary, as well as extraordinary financial statements verified by an auditor:
  • Joint stock companies, if they, at the end of the balance sheet day of the accounting period for which the financial statements are verified, and the immediately preceding accounting period, exceeded or already reached at least one of the three criteria: (1) Assets of more than CZK 40,000,000; (2) Annual net turnover of more than CZK 80,000,000; (3) Average calculated number of employees during the accounting period of more than 50.
  • Other commercial companies and cooperatives, if they, at the end of the balance sheet day of the accounting period for which the financial statements are verified, and the immediately preceding accounting period exceeded or already reached at least one of the three criteria above.

Annual Return

Generally speaking, Annual Return is a short review on the current state of the company, which is prepared by the company secretary annually. As a rule it includes the following information:
  • Incorporation information (registration date, registered address);
  • Information about directors and their resignation;
  • Information about secretaries and their resignation;
  • Information about registered capital, nominal value of shares and amount of issued shares;
  • Information about shareholders and share transfer.

The accounting units obliged to carry out audit also compile an annual report till 31/3. The financial statements and the annual report are published in the Commercial Register. Accounting units are obliged to archive statements and annual reports for at least 10 years.

Tax returns

A company may choose either a calendar year or a financial year as its tax year.
Corporate income tax returns must generally be filed within 3 months of the tax year-end.
During the year, advance tax payments are made semi-annually or quarterly, depending on the tax liabilities. The final payment due date is the tax return filing deadline.

International law relations

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Party to the Hague Convention (Apostille) Legal system Double tax treaties network OECD member Offshore/onshore status according to the RF laws
Yes civil law 90 Yes No

Public authorities and legal acts

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List of laws and regulations
Act name Scope of law
Law No. 89/2012 Coll. Civil Code civil rights, companies
Act No. 513/1991 Coll. Commercial Code companies
Law No. 90/2012 Coll. On commercial companies and cooperatives commercial companies and cooperatives
Act No. 563/1991 Coll. On Accounting accounting
Act No. 280/2009 Coll. Tax Code taxation
Act No. 586/1992 Coll. On Income Taxes income tax
Act No. 235/2004 Coll. the Value Added Tax VAT
Act No. 338/1992 Coll. Real Estate Tax real estate tax
Act No. 353/2003 Coll. the Excise Tax excise tax
Act No. 357/1992 Coll. Inheritance tax, gift tax and real estate transfer gift tax and real estate transfer
Act No. 455/1991 Coll. on Trades (Trade Act) trade
Law No. 16/1993 Coll. Road Tax road tax
Law No. 13/1993 Coll. Tariff Act customs duties
Tax treaties entered Albania, Armenia, Australia, Austria, Azerbaijan, Bahrain, Barbados, Belarus, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Ethiopia, Finland, Former Yugoslav Republic of Macedonia, France, Georgia, Germany, Greece, Hong Kong (China), Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Korea (Democratic People's Republic of), Korea (Republic of), Kosovo, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Moldova (Republic of), Mongolia, Montenegro, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Panama, Philippines, Poland, Portugal, Romania, Russian Federation, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syrian Arab Republic, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United States, Uzbekistan, Venezuela, Viet nam
Tax Exchange Information Agreement (TEIA) Andorra, Aruba, Bahamas, Beliz, Bermuda, Cayman Islands, Cook Islands, Guernsey, Isle of Man, Jersey, Monaco, San Marino, Sint Maarten, Virgin Islands, British
List of state regulatory authorities
Government of the Czech Republic http://www.vlada.cz/en/
Ministry of Foreign Affairs http://www.mzv.cz/en
Ministry of Finance http://www.mfcr.cz/en/
Ministry of Justice http://portal.justice.cz/Justice2/Uvod/uvod.aspx
Czech Business Web Portal http://www.businessinfo.cz/en/
Portal of the public administration of the Czech Republic http://portal.gov.cz/app/zakony/?path=/portal/obcan/
Financial Administration http://www.financnisprava.cz/en/
Electronic Tax declarations http://adisepo.mfcr.cz/adistc/adis/idpr_pub/dpr/uvod.faces
Chamber of Certified Accountants http://www.komora-ucetnich.cz/cze/informace-komory
Union of Accountants http://www.svaz-ucetnich.eu/
Czech Bar Association http://www.cak.cz/en/
Czech National Bank https://www.cnb.cz/en/

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    PROTTECO TRUST COMPANY

    PROTTECO TRUST COMPANY forms part of a financial and international tax consulting group based in the Czech Republic, Slovakia and Cyprus. It was formed by Czech and Cyprus-based professionals with two decades of experience in asset protection and international tax planning. Currently, the group employs 150 tax, legal, corporate and administration specialists. With our offices in Prague, Bratislava and Nicosia we provide the following services: international tax planning and asset protection consulting, creation of structures fit to clientele from particular countries, company formation and administration in the Czech Republic, Slovakia, Cyprus and other countries, secretarial services, nominee director and shareholder services, bookkeeping and audit services in all countries where we operate, mailhosting, serverhosting, webdesign, webhosting and secure e-mail communication services, trustee services.

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    — If your question is urgent, you can always contact me on the office or mobile phone number listed on the site or chat on Skype.


    Regards, If you are ALREADY a GSL customer YOUR CONSULTANT

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    Aniko Sebok

    GSL Law & Consulting Lawyer, Head of UK GSL office

    Office phone:

    +44 207 002 1307

    Write or call now

    Sign up for a consultation

    c  !

    Your question was successfully sent to the GSL office.

    — In the near future you will receive a detailed answer to it. Typically, the response rate does not exceed 24 hours.

    — If your question is urgent, you can always contact me on the office or mobile phone number listed on the site or chat on Skype.


    Regards, GSL Law & Consulting Lawyer, Head of UK GSL office Aniko Sebok

    Contact method: and / or

    Valerija Filipova

    GSL Law & Consulting Lawyer, London Office

    Office phone:

    +44 207 822 8592

    Office phone:

    +44 207 822 8594

    Write or call now

    Sign up for a consultation

    c  !

    Your question was successfully sent to the GSL office.

    — In the near future you will receive a detailed answer to it. Typically, the response rate does not exceed 24 hours.

    — If your question is urgent, you can always contact me on the office or mobile phone number listed on the site or chat on Skype.


    Regards, GSL Law & Consulting Lawyer, London Office Valerija Filipova

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