Company registration in Czech Republic

The Czech Republic as a member of the European Union is the place where EU standards are really applied in many aspects. When choosing a country for registering a company, one should take into account that the Czech Republic has a well-developed infrastructure, a high quality of life and, importantly, a favorable business climate. It is also important to add that the country has an excellent geographical position: the Czech Republic manages to maintain positive relations both with the eastern CIS countries and with its western neighbors.

ADVANTAGES OF COMPANY REGISTRATION IN THE CZECH REPUBLIC

The Czech Republic can be considered one of the best jurisdictions for doing business. Here you can register for many activities. Do not forget that European lending can also be used to open a company in the Czech Republic. Moreover, banking transactions in euros and dollars can be performed with minimal processing costs.

Among other advantages of registering a company in the Czech Republic, we can add the fact that only companies engaged in specialized activities such as insurance or financial services are subject to audit by the financial authorities. The rest only need to submit electronic declarations. Inconvenient paper reporting has been canceled since 2015.

REGISTRATION INSIGHTS

It is impossible to create an offshore company in the Czech Republic, since all firms here must pay tax deductions and fill out reports on their activities. However, the state has established a number of compensation benefits for international investors. It is important to note that the rate cut applies to industries such as, printing, food processing, social housing and medical field.

STAGES OF REGISTRATION

The preparatory registration process consists of collecting the necessary documents with our help, checking the selected name for uniqueness, choosing the type of activity. After that, the company must be registered with a notary, obtain a business license, deposit the authorized capital in the bank and submit documents for registration to the local court. Once registration is permitted, the company opens a European bank account and registers with the local tax authorities.

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