Company establishment Czech Republic
Since the year 2010, the Czech Republic offers a rate equal to 19 percent of the corporate body. Entrepreneurs from Austria and Germany appreciate in particular the excellent skills and high motivation of Czech employees, the relatively low wage levels, and the numerous investment promotion programs of the government. We are fully aware of the fact that establishing a business in the Czech Republic alone and without the combination, for example, with Cyprus is a rather exotic offer. As part of an economic activity within the EU and the implementation of a mother-daughter combination the S.R.O., however, offers certain advantages. We will be glad to inform you further on this topic!
S.R.O. (Limited Liability)
This is the most common legal form for small and medium sized companies. The company may, based on the memorandum, be established by an individual (natural person or legal person) or by several people through signing the articles of association.
A limited liability company with only one partner cannot be or become the sole shareholder of another limited liability company. Both the memorandum and the articles of association must be authenticated by a notary in the Czech Republic. In the founding documents it is also specified whether or not the limited liability company defines articles of association.
No shares are given out by limited liability companies. The deposits of the individual shareholders from the share capital are company shares which represent the portion of shares.
The height of the company’s share capital must be at least 200 000 CZK (currently approx. 6300 Euros). The administration and management of the company is much simpler than in a corporation. The limited liability company, for example, has no board. The company is represented by one or more managers. By law, there is no restriction to the number.
The managing director is appointed by the company`s general meeting, the governing body of the company or the sole shareholder who exercises the effectiveness of a shareholders meeting. If it is not specified otherwise in the charter or the statutes then the manager represents the company independently. For limited liability companies the law states that it is not required to create a supervisory board. On the basis of the memorandum or the articles of association it is thought possible to create a supervisory board. The supervisory board consists of at least three members elected through the general meeting.
The transfer of shares of a limited liability company is not as easy as it is with the shares of a corporation. For this purpose, a written agreement is necessary. If it is set in the establishing documents it will need the approval of the shareholders meeting as well.
S.R.O. company establishment through Jackman & Sons:
We will take care of all formalities relating to the establishment of your S.R.O.;
notarial certifications and dealing with authorities will be done by us;
we will take care of the immediate registration of your S.R.O. in the corresponding Register;
we guarantee the creation of your company account in the Czech Republic;
furthermore, we offer you the possibility to have bank accounts in Cyprus, St. Vincent an in Beirut;
our services are provided at fixed costs without hidden extra costs.
Premium services in one package without hidden costs
Establishing your S.R.O. in Prague;
Opening an account in Prague;
Office service in Prague;
Management, bookkeeping and VAT returns;
Accounting at the end of each year;
Free advice even after establishment of your company.
Establishment fees for your S.R.O. in a single flat rate
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 Advice on legal and tax issues, planning for the implementation of your project |
incl. |
| Name check in the trade register in Prague (EU) |
incl. |
| Preparation of the statutes and documentation regarding your S.R.O. |
incl. |
| Creation of the partnership agreement and forwarding your company registration to the register in Prague |
incl. |
| Establishing and registration fees for your S.R.O. |
incl. |
| Certification of registration documents |
incl. |
| Preparation, Certification, business contract |
incl. |
| Opening of the company`s account in Prague |
incl. |
| Transfer of online banking and Master/Visa Card |
incl. |
| Application for a tax number and VAT number for the company |
incl. |
| Establishment of the opening balance sheet, investment, sales tax accounts |
incl. |
| Acquisition of fiduciary management in the Czech Republic |
incl. |
| Taking over the trust management of shares (if desired) |
incl. |
| Registered office and registered agent in accordance to the laws in the Czech Republic |
incl. |
| Telephone and advice service Monday – Friday from 09:30 – 16:00 o `clock |
incl. |
Management and yearly fees within a guaranteed package
Tax advice, VAT, bookkeeping, balance sheet, attestation & administration
As you know from Germany, Austria and Switzerland, your company needs ongoing tax advice and administration after establishment. Our tax advisors and auditors create your monthly sales tax returns, balance sheet and the audited financial statements for your S.R.O..
The current accounting is provided by our accounting services. The annual costs also include additional annual escrow costs, ongoing administrative costs, legal costs, tax consulting fees, communication with authorities, applications and appeal procedures as well as ongoing costs for the registered agent and registered office.
The annual costs regarding your S.R.O. are represented in a fixed package therefore making annual costs predictable. No additional or hidden costs.
Annual management & tax consulting costs for 12 months in Euro 3,850.00
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| After the establishment of your company the tax system of your company is set. The accounting will be activated with the VAT number as well as the tax number. For the fulfillment, we will take over all the following fiscal and legal obligations: |
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| The monthly accounting for the VAT return. Submission of the VAT return at the tax office. |
| Creation of the balance sheet at the end of the calendar year, accounting review and consultation. |
| Transfer of the balance sheet to our auditor including the auditing and attestation. |
| Submission of the annual balance sheet, requests of all kind, communication with tax authorities. |
| Examination of the tax assessment notice, consultation with our clients, if required. |
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| Clearing of the existing accounting (payroll). |
| Disclosure of social insurance contributions, application for the social security number for your business. |
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| Tax consultancy (permanent support), tax optimization, international tax planning. |
| Advice regarding matters of inheritance, real estate and tax law, tax burden comparisons. |
| Legal advice and tax consultancy regarding the Czech Republic, representation before authorities, appeals. |
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The first annual fees for your S.R.O. will be payable latest when the entry in the commercial register regarding your company has been made (proof of this will be provided by the dispatch of the establishment certificate via mail or fax).
Office-Secretarial-service in Prague
Your office, your secretary and the individual postal and telephone service
During the first year of establishment the non-recurring costs of the establishment fees in a single flat rate and the annual fixed costs for the annual expenses will add up. In the following year (12 months after establishment) only the annual fixed costs are payable.
If you do not have your own office or business premises in Prague, we can offer you our professional office service with its own unit on favorable terms (cost, photos and description).
Do you have any further questions, requests or suggestions? We look forward to hear from you. PDF-download with a comprehensive service and fee overview.
