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Formation of s.r.o. czech company - AKTP Pavelec


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Considering formation of Czech companies? Are you interested in s.r.o. Czech company similar to limited liability company LLC? See more regarding its establishment and necessary process. Instead of this process it is also possible to buy ready-made company prepared on your request and in accordance with your demands.

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Formation of s.r.o. czech company - AKTP Pavelec

  1. 1. FORMATION OF CZECH COMPANY AKTP Tomas Pavelec advokátní kancelář, (+420) 777 642478
  2. 2. Opening a Business in Czech Republic member country of European Union great location. - located in center of Europe developed infrastructure and services stable political system supporting business activities and potentially low employees’ salary. encourages foreign direct investments and the procedure of opening a company in Czech Republic is straightforward and very accessible. It is one of the top locations in Europe for opening up a business.
  3. 3. Opening a Business in Czech Republic Main types of Companies: Limited Liability Partnership LLP (v.o.s.), Limited Liability Company LLC (s.r.o.), Joint Stock Company (a.s.), European Companies (Societas Europaea, SE, EHZS);
  4. 4. Limited Liability Company (s.r.o.) The most common type of business entity. Shareholders are not liable for the company’s obligations if their contributions are fully paid up and registered in the Commercial Register. Registered capital usually from CZK 200,000, but it is possible to form a company with registered capital amounting to CZK 1,-. The registered capital in any amount is fully usable. One or more managing directors. It is not necessary to have the supervisory board or auditor. General meeting - once a year and shareholders can vote on or out of general meeting in a distant way. Right on share can be represented by share deed similar to the stock at joint stock company. One or more partners, no matter if legal entities or individuals. One person may be a sole member of another companies, there are not any legal restrictions. The maximum amount of company members is not limited.
  5. 5. Main Advantages •low registered capital; •possibility of sole member; •liability of members only in case of unpaid contributions; •easy transfer of share; •low administrative requirements; •simplified rules for general meeting contrary to joint stock companies (a.s.); •supervisory board is only mandatory, not obligatory.
  6. 6. Formation Founders have to agree on Deed of Association in a formof a Notarial Deed (It is necessary to visit a notary public). Above all founders have to agree on distinguishable name of the company; seat of the company; scope of business activities; the amount of the registered capital and method of its payment by contribution; determination who shall be the administrator of contributions before registering the company into commercial register Czech Republic; identification of first managing director(s) and other facts proposed by the founders or required by the law. The registered capital can be paid up by monetary or non-monetary contribution determined in Czech currency. For the purpose of paying up the registered capital of a company, a specific bank account has to be created.
  7. 7. Registration with Commercial Register Acquisition of trade license Specialized business - proof of professional qualification or university degree. Capablemanaging director – no business crime no bankruptcy. Petition - within 6 months after executing of Deed of Association. Among other the following documents are necessary to successful incorporation: Deed of Association; Trade License Certificate; Affidavit of managing director and consent; Excerpt from the criminal register; Bank statement confirming the payment of required capital; Title to premises;
  8. 8. After Incorporation of the Company s.r.o. is officially incorporated in Commercial Register – it will receive its own company databox, which is its virtual mailing address. do not forget - registration with local Tax Authority. Then the company is fully capable and operational for its business activities.
  9. 9. If you do not want to go through all of above mentioned formal procedure we can prepare you a company on your request. For more information about formation of Czech company, do not hesitate to contact our law firm. We can provide you with all necessary legal services pursuant to your business needs. Visit our website, section Companies,
  10. 10. THANK YOU FOR YOUR ATTENTION AKTP Tomas Pavelec Law Firm Prague whtwtpw:./a/