Europe Emirates Group can help you start your business in Czech Republic
Company formation in the Czech Republic follows the SRO corporate structure with the first step being the submission of a company name. Once approved, registration forms, along with the Articles of Association and company statutes that apply to the company, should be filed with the local registrar. The formation process usually takes approximately seven days.
Directors must be appointed and the associated minutes of the meeting submitted with notarised Articles of Association. A physical office is a further requirement and share capital requirements have to be met and proof that they are available in the bank account for the company must be submitted. The company also needs to obtain a relevant trade licence(s) before registering with the Commercial Register. Applicants need not be present in the company during formation.
A statutory representative should be appointed and requirements vary depending on whether they are a Czech, EU or other nation citizen. Proof that they are not on the criminal register is also required from country of origin. Once registered, a European VAT number is quickly obtained.
While anyone of any nationality may serve as director, they must meet Czech Republic visa requirements. The name of the director is not made public, nor does the company require that a resident director be located within the Czech Republic or any shareholder.
A directory register, shareholder register and statutory records must be maintained by the company and annual renewal fees apply.