Open an account in the Czech Republic

Opening bank account in the Czech Republic

The Czech Republic is a European Union jurisdiction and has been known for the stability of the banking system for many years. This feature is undoubtedly important when choosing a financial institution. Czech banks have low interest rates on loans and even lower rates on deposits. All Czech banks allow their customers to manage their accounts via the internet or telephone as well as SEPA and SWIFT transactions.

ACCOUNT OPENING PROCEDURE IN THE CZECH REPUBLIC

It is possible to open an account in Czech banks for both natural persons and legal entities, including foreigners. In most cases, legal entities are required to have an extract from the Commercial Register for up to three months from the date of issue, the physical presence of the director and his / her foreign passport. The more precise list of the required documents is determined on a case-by-case basis.

When opening an account, a minimal deposit is needed in the current account. An account is opened quickly, within a day and with a minimal supporting documentation. We can help you find the proper bank with favourable terms and conditions as well as ensure that the documents are prepared perfectly.

FEATURES OF OPENING AN ACCOUNT IN THE CZECH REPUBLIC

Some banks require several identification documents with a photo.
Sometimes financial institutions perform a more detailed check on a new client within 5 – 10 days.
Obligatory physical presence of the director when opening an account.
Application documents issued in other countries have to be apostilled.

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