Formation and changes in the following subjects:•Limited Liability Company•Joint Stock Company•Limited Partnership•Unlimited Company•Trade•Cooperative•Trust FundTaxesCorporation tax: 19%Personal income tax: 15 % Withholding tax: 35% from payments paid to subjects in countries which have not signed the Double Taxation Treaty with Czech Republic VAT rate:21 %VAT registration: Obligatory – at reaching 1 million Czech crowns turnover in 12 months Voluntary – possible when fulfilling legal requirements (e.g. bank account, business plan, proof of business activities...)Termination of a business:1. deletion from the Commercial Register preceded by bankruptcy or liquidation2. the company has a legal successor - the sale, M&A or split-up of the company Accounting: obligatory including the tax returnPublicity of company´s data: company´s data including the information about statutory body and shareholders are publicly available in the Commercial Register. The anonymity of the company is not entirely possible, however a significat extent of privacy protection can be achieved by suitable setting of securities. We don´t offer the service of „nominees“ in Czech Republic.Bank account: Czech companies need a bank account in Czech bank, it´s also possible in Slovak bank if the company has at least one Czech or Slovak executive officer. Czech companies can have bank accounts in other countries as well, e.g. Cyprus, St. Vincent. Advantages of Czech jurisdiction•minimum contribution into company is 1 Czech crown and the minimum registered capital is also 1 Czech crown •no need of tax authority approval for the share transfer•simple VAT registration without deposits•invoicing to Slovakia and abroad without VAT•Czech limited liability companies can emit securities transferable by endorsement •a company with only one shareholder can be the sole founder of another company •Czech law allows shareholders to unilaterally leave the company Other services:•Complex advisory•Services of translators•Registered seat: Prague 1, Prague 9, Prague 10•Virtual office•Trading license•Long-term residence for EU citizens•Investments advisory•Holding structures and connections with other countries•Car registration assistance
Under the following links you can find related articles and documents. Our sensitive and protected documents are available only on our data cloud.
LEGAL DISCLAIMEROur website includes articles concerned with tax system analysis of some countries, comparison of business environment and in some cases articles may allocate advantages of legal international tax planning of legal as well as physical entities. These articles are not published with the intention to induce the reader to avoid legislative norms, especially tax regulations of individual countries of the European Community or third countries. We are trying to provide complex and accurate information, on the other hand, we refuse any legal responsibility for the statements and stand-points published in various articles of this presentation. The content of articles is not intended and shall not be considered in any way as tax advisory nor as a relevant statement regarding tax issues and legal matters.