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Czech Republic Company Formation

CZECH REPUBLIC

Type of Entity: Limited Liability Company (s.r.o./spol. s r.o.) Joint stock company (a.s.)
Type of law: The Czech Republic Business Corporations Act, 2012 The Czech Republic Business Corporations Act, 2012
Shelf company availability: Yes Yes
Incorporation time frame: 2 to 5 business days 2 weeks
Minimum Government fees: EUR 140 EUR 450
Regular Corporate Income Tax: 19% 19%
Double Tax Treaty access: Yes Yes
Minimum issued share capital CZK1 (Less than EUR 1) CZK 2 million (EUR80,000)
Minimum paid up share capital on incorporation: 30% At least 30%
Minimum number of Shareholders required: One One
Bearer Shares No No
Nominee Shareholders Permitted Yes Yes
Minimum number of directors One One
Corporate directors permitted No No
Local directors required No (except for certain areas of business where, for regulatory purposes, a majority of shares cannot be held by foreigners.) No (except for certain areas of business where, for regulatory purposes, a majority of shares cannot be held by foreigners.)
Local meeting required No No
Company secretary required No (There is no requirement for a corporate secretary in Czech Republic) No (There is no requirement for a corporate secretary in Czech Republic)
General Meetings of Shareholders Yes, At least one shareholder meeting each year Yes, At least one shareholder meeting each year
Local Registered office required Yes (Can be a virtual office) Yes (Can be a virtual office)
Exchange Control: Not existing Not existing
Disclosure of beneficial owner to Company Registrar Yes, the company must disclose information on the beneficial ownership, if the beneficial owner is the physical person(s), who directly or indirectly, holds or controls more than 25% of the share capital or the votes, or who practices control by other means. Yes, The company must disclose information on the beneficial ownership, if the beneficial owner is the physical person(s), who directly or indirectly, holds or controls more than 25% of the share capital or the votes, or who practices control by other means.
Government register of directors Yes (Czech commercial register) Yes (Czech commercial register)
Annual return Yes Yes
Submission of accounts Yes Yes
Audit Yes (only small companies with limited liability are exempt from the mandatory audit.) Yes (only small joint stock companies are exempt from the mandatory audit)
Change of domicile permited Yes Yes
We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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