The Czech Republic is small but stable economic in the centre of Europe. Its location makes it close to large European markets such as Germany, Austria, Poland, France and Belgium. Prague is only about 300km to the Northwest from Vienna and three hours by car to the south from Berlin. The GDP per person is around $33,232 (2016).
READYMADE CZECH COMPANIES WITH VAT NUMBER NOW AVAILABLE
In terms of fees, it is very competitive to register a maintain a Czech company. The workforce is generally very skilled and educated, but labour costs are much cheaper than in other Central European countries. Most of the Czech people, especially in big cities, are English or German speaking. Banks, Insurance Companies and most professional companies are usually English and/or German speaking also. Business practice and etiquette is very similar to Germany UK and France. The Czech Republic has its own currency in the Czech Koruna, but Euro is commonly used and accepted.
Types of Companies in the Czech Republic
There are two company types that we suggest. Limited liability company (s.r.o) is the most common company type in the Czech republic. (around 90% of all registered companies). One of the biggest advantages is its limited liability company is only liable up to value of its property, shareholder only up to amount of unpaid capital). Simple ownership structure is also an advantage. There is at least one shareholder and one director (both possibly the same person).
SE company (kind of European joint-stock company) is considered the most exclusive and prestigious company type in Europe. Being an SE company will put you in the same company as Porsche, Allianz, BASF, PayPal, etc. The ownership structure is very similar to joint-stock companies. You can also be an anonymous shareholder if required, using bearer shares. The most important one is possibility to transfer registered office to another EU country. By this move is also changed the jurisdiction or, in simple words, the nationality of company. If you one day find out that conditions (like tax, legal etc.) in other country are more friendly than in current one, you can simply transfer the European company to this better country within few months.
How do I buy a Readymade company in Czech Republic and transfer it to my name?
As regards to the process of transferring the company, you don’t even need to visit Czech Republic. We are able to assist you remotely through our associate office in Prague. the process is simple – we would send you documents and contract about share transfer + invoice by email. You would sign and notarize them, and send by post or courier to us. And when the documents reach us, it will take about 5 working days for the company transfer to be completed at the companies registrar. Than notarized company register listing and all related documents would be sent to you in paper form.
Company Taxation in the Czech Republic
Tax policy in the Czech Republic is similar like another EU countries (VAT 21%, corporate tax 19%, individuals income tax 15%). But professional services, goods, accountancy, solicitors, virtual office etc. are very keenly priced. We will be more than happy to take care of your accountancy needs, or help you with any services that you require. We can provide 5 different addresses in the Czech Republic for your company.
For more information and a free consultation on registering your company in the Czech Republic please don’t hesitate to contact us!