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The advantages of this jurisdiction are:
Business registration – from €2,500
Company registration period – from 7 daysDetailed information
The Czech Republic is a European state, that is popular among those, who wish to start a business in Europe. The capital of the Czech Republic is Prague. The national language is Czech. An official currency is Czech koruna.
If you want to register a company in the Czech Republic, IQD Consulting lawyers are ready to provide you with their qualified assistance.
This article was written in order to notify potential investors of the most pressing issues regarding doing business in this jurisdiction.
The Czech Republic has numerous valuable personnel at the level of the European market. Also, an active economic growth is observed in this jurisdiction, which is supported by foreign investors.
Another reason to open a company in the Czech Republic is the possibility of reducing an income tax to 5%, or even to 0%.
The Czech Republic is a reliable haven for investment. This is confirmed by the fact, that in recent years the number of investments has increased. Foreign businessmen should pay attention to the fact, that main investors of this country are Germany, the Netherlands, France and Austria.
We want to note, that there is no need for foreign investors to obtain a special permission to conduct business in the Czech Republic. An exception can only be made, if a company is registered in the field of nuclear energy or national security.
To begin you should choose the legal form. There are several of them:
The most popular are: a Private Limited Company and an Open Joint Stock Company.
The company must also be registered in the licensed office (Trade License Office). This is a prerequisite for those, who wish to do business in this country.
After the registration of the company, the entrepreneur will have a maximum of 90 days in order to register in the Commercial Register of the Regional Arbitration Court.
In order to open a company in the Czech Republic, the shareholder should familiarize himself with the main taxes.
The tax rate for Czech enterprises is 19%. The exceptions are pension and investment funds. Their tax rate is 5%. But at the same time a VAT is 21%.
You should remember, that the owner of the company will have 15 days from the date of registration in order to apply for a tax number.
Given the low tax rate and a good investment support from other jurisdictions, we can conclude, that registering a company in the Czech Republic is a good idea for startups. IQD Consulting lawyers are ready to advise you on this matter, and can provide qualified assistance in buying a ready-made company in the Czech Republic or in opening an account for a company in the Czech Republic.
You can find out any other questions, regarding business in the Czech Republic, by contacting us through contacts, listed on our website.