Want to set up a firm in the Czech Republic? We can assist you in starting a business or in buying a shelf company in the Czech Republic with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in the Czech Republic includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of the Czech Republic. The total price of company formation in Czech Republic includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).
The principal forms of business organization in Czech republic are:
The most common structure is the limited liability company.
There is a range of requirements to the company name in Czech Republic:
The following steps are required to incorporate a Limited liability company in Czech Republic:
The formation of a new company in Czech Republic takes about 2 weeks.
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.
There are no statutory requirements for a company in Czech Republic to have a seal.
The redomiciliation of companies to or from Czech Republic is permitted.
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.
Czech limited liability companies are not required to appoint a company secretary.
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.
In 2021 a new provision concerning the ultimate beneficiaries (UBO) came into force in the Czech Republic: the registration of a company in the jurisdiction implies that the ultimate beneficiary of the legal entity will be identified and information about it will be publicly available.
All persons falling within the definition of ultimate beneficiary, or having the greatest influence, are considered beneficiaries. Similarly, any person who receives 25% or more of the profits or has influence over voting rights directly or indirectly can be considered a beneficiary.
Failure to provide information about the ultimate beneficiary when establishing a Czech company may result in a fine of up to CZK 500,000.
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.
Price6 750 EUR
including incorporation tax, state registry fee, including Compliance fee
Business Registry incorporation fee
Price4 020 EUR
including registered address and registered agent, NOT including Compliance fee
DHL or TNT, at cost of a Courier Service
Price1 035 EUR
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Price1 930 EUR
Paid-up “nominee director” set includes the following documents
Paid-up “nominee shareholder” set includes the following documents
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)
simple company structure with only 1 physical person
additional compliance fee for legal entity in structure under GSL administration (per 1 entity)
additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)