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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Czech Republic
Company incorporation, bank accounts, accounting services in Czech Republic
Registration packages
Services
Essential
Standard
Premium
Company registration (s.r.o.)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Czech Republic
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How you can register a company in Czech Republic with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Czech Republic
Czech Republic is located in Central Europe and has a territory of 64,589 square kilometers. Czech Republic borders Poland, Germany, Austria and Slovakia.Czech Republic has a population of 10.6 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 19%
- Dividend withholding tax - 0%, if dividends are paid to legal entities incorporated in the EU, otherwise the standard tax rate - 15%
- Interest withholding tax - 0%, if interest is paid to legal entities incorporated in the EU, otherwise the standard tax rate - 15%
- Royalties withholding tax - 0%, if royalties are paid to legal entities incorporated in the EU, otherwise the standard tax rate - 15%
- Capital gains tax - 0%, if shares in Czech companies are sold by their parent companies that are incorporated in the EU, otherwise the standard tax rate - 19%
- VAT - Standard tax rate 21% or a reduced rate from 0% up to 15%
- Personal income tax - 15%.
The following are the most common types of companies to incorporate a company in Czech Republic as:
- Limited liability company (Společnost s ručením omezeným - s.r.o.)
- Společnost s ručením omezeným - s.r.o.
- General partnership (Veřejná obchodní společnost - v.o.s.)
- Limited partnership (Komanditní společnost – k.s.)
- Cooperative society (Družstvo)
- Branch office (Pobočka).
- Individuals or legal entities that are intending to register a company in Czech Republic can be resident or non-resident in Czech Republic.
- A resident or a non-resident individual can be a company director in Czech Republic. It is not required to set up a company in Czech Republic with a resident individual as one of its shareholders or directors. A resident director may be necessary in order to open a corporate bank account in Czech Republic.
- At least 1 shareholder is required in order to register a company in Czech Republic if such company is incorporated as a s.r.o. (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Czech Republic in order to establish a company in Czech Republic, although it is highly recommended for a corporate bank account and issuance of a VAT-number in Czech Republic.
- Minimum share capital that is required in order to start a company in Czech Republic as a s.r.o. (a limited liability company) is CZK 1.
- S.r.o. registration takes between 7 and 12 business days with the bank account taking up to 7 business days.
- Details of company founders, shareholders and directors after company registration in Czech Republic is complete is publicly available in the state corporate register.
- With our service you can register a company in Czech Republic completely remotely upon a power of attorney.
Official currency of Czech Republic is Czech koruna (CZK).
Czech Republic's GDP in 2017-2018 grew by 3,5% and amounted to USD 372.6 billion.
Czech Republic has a developed export focused economy that is based on service sector, industrial manufacturing and innovations. Industrial sector's share is 37,5%, whereas service sector's is 60%, and agricultural sector's is just 2,5%. Primary industrial sectors are high-tech manufacturing and engineering, electronic equipment production, car industry and machinery, production of steel, defense industry, chemical industry and pharmaceutical industry.
Czech Republic's GDP in 2017-2018 grew by 3,5% and amounted to USD 372.6 billion.
Czech Republic has a developed export focused economy that is based on service sector, industrial manufacturing and innovations. Industrial sector's share is 37,5%, whereas service sector's is 60%, and agricultural sector's is just 2,5%. Primary industrial sectors are high-tech manufacturing and engineering, electronic equipment production, car industry and machinery, production of steel, defense industry, chemical industry and pharmaceutical industry.
Foreign entrepreneurs expand to Czech Republic and seek to incorporate a company in Czech Republic in order to conduct business in the following sectors:
- wholesale and retail trading
- logistics
- financial services
- industrial production
- restaurant business
- IT.
Benefits of registering a company in Czech Republic
Business climate
- Access to the EU market
- Highly-developed infrastructure
- Open economy
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Withholding tax rate is 0% for dividend, interest and royalties payments to EU companies
- Double tax treaties with several jurisdictions
Ease of doing business
- Companies can be opened completely remotely
- Low operating costs
- No foreign exchange controls
Register your company in Czech Republic
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