The Czech Republic's strategic location at the heart of Europe offers businesses unparalleled access to Western and Eastern European markets, making it a prime hub for international trade. The country boasts modern infrastructure and a highly skilled workforce, particularly strong in technical and engineering fields, ideal for high-tech and manufacturing sectors. Additionally, the Czech Republic's stable economy, low corporate tax rates, and government investment incentives create a highly favorable business environment.
Manimama ensures a seamless company registration process in the Czech Republic. Trust us to provide expert guidance and support, so your business can thrive from day one in the Czech Republic. Start your journey with confidence, knowing you have the best team by your side.
Legal Opinion about the Czech Republic as a Jurisdiction for Company Formation
Ganna Voievodina
Manimama, CEO
"As a lawyer, I can confidently affirm that the Czech Republic presents an optimal jurisdiction for company formation. Its strategic location at the heart of Europe facilitates seamless access to many markets. Coupled with a stable economy, favorable tax rates, and substantial government incentives, the Czech Republic is a compelling choice for foreign investors. Contact us to set up your company".
Our Packages
Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.
Company Formation
- Choosing a company name
- Registered address for 1 year
- Company incorporation on-line or within a notary deal
- Banking account for the shared capital
- Full set of corporate documents after incorporation
Corporate Services
- VAT registration
- Apostille corporate documents
- Accounting
- Local director
Payment Options
- Payment account in EU EMI
- Banking account in EU bank
- Corporate account on a crypto exchange
- Many other options
Key Numbers about the Czech Republic as a Jurisdiction for Company Formation
1 weekaverage term of company formation |
аt least 1shareholder in the company |
аt least 1director in the company |
21%corporate income tax (CIT) rate |
15/23%personal income tax (PIT) rate |
21%value-added tax (VAT) rate |
Set up Your Company in the Czech Republic in Several Steps
Step 1. Initial setup
- Initiating a preliminary project assessment
- Preparation and filing of the package of documents
Step 2. Company registration
- Provide options for the company name
- Establish an office (a physical or virtual office address)
- Prepare and notarize founding documents
- Register a company with the Commercial Register: it is necessary to fill in a special form with the Register Court or it is also possible to register with the Commercial Register through the public notary
- Open a corporate bank account for the initial deposit of capital
- VAT registration: If the company's turnover exceeds CZK 2,000,000 within 12 consecutive months, you must register for VAT
Requirements for Company Formation in the Czech Republic
Before deciding to set up a new company in the Czech Republic, read the information below to understand the characteristics of a Limited Liability Company (LLC) / Společnost s ručením omezeným (s.r.o.):
Shareholders: at least one shareholder (can be an individual or a legal entity).
Director: at least one director who isn’t required to be a Czech citizen.
Company secretary: not required.
Minimum share capital: the minimum contribution of each shareholder is in the amount of CZK 1; the minimum registered capital is not set in the law.
Legal address: a physical or virtual office address in the Czech Republic.
Liability: shareholders are liable only up to the amount of their outstanding contribution to the company’s registered capital as recorded in the Commercial Register.
Accounting: a s.r.o. is required to maintain proper accounting records and prepare annual financial statements in accordance with Czech accounting standards.
Taxes in the Czech Republic
The basic CIT rate is 21%.
The CIT rate of 5% applies to basic investment funds while pension funds are subject to a CIT rate of 0%.
The PIT rate is progressive:
- the first rate - 15%;
- the second rate - 23% is applicable to income over CZK 1,582,812 (~ € 63,500).
The standard VAT rate is 21% which applies to most goods and services.
Reduced VAT rates:- 15% - basic foodstuffs, certain pharmaceutical products, newspapers, certain medical equipment, heating, social housing;
- 10% - essential baby nutrition, certain pharmaceuticals, books, mill products and other products suitable for a gluten-free diet.
Double taxation avoidance agreements in the Czech Republic: Albania, Armenia, Australia, Austria, Azerbaijan, Bahrain, Barbados, Belarus, Belgium, Brazil, Bosnia and Herzegovina, Bulgaria, Canada, China, Croatia, Cyprus, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Korea, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, the Netherlands, New Zealand, Nigeria, Norway, North Korea, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Slovakia, Slovenia, Republic of South Africa, Singapore, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Syria, Tajikistan, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States of America, Uzbekistan, Venezuela, Vietnam.
Start Your Company Formation Process with Manimama
There are numerous reasons why Manimama is the leading company formation agent in the Czech Republic:
Expertise in Regulations of the Czech Republic
- 1. Manimama has an in-depth understanding of the legal and regulatory framework of the Czech Republic.
- 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.
Local and International Experience
- 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
- 2. Our expertise spans various industries, providing customized solutions for each client.
Efficient and Timely Service
- 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
- 2. Our efficient processes minimize delays and get your business up and running quickly.
Client-Centric Approach
- 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
- 2. Our dedicated team is always available to address any concerns and provide expert advice.
Robust Network of Local Partners
- 1. We have established strong relationships with local authorities, banks, and service providers.
- 2. This network ensures that your business receives the best possible support and resources.
Ongoing Compliance Support
- 1. We provide continuous support to ensure your business remains compliant with laws of the Czech Republic.
- 2. Our team keeps you updated on any regulatory changes that may impact your company.
Frequently Asked Questions
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What are the key benefits of forming a company in the Czech Republic?The Czech Republic offers strategic location, modern infrastructure, skilled workforce, access to EU markets, a business-friendly environment, and investment incentives.
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What is the minimum share capital required for a Limited Liability Company (s.r.o.) in the Czech Republic?The minimum share capital is CZK 1.
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How long does it take to register a company in the Czech Republic?It typically takes 1-2 weeks to complete the registration process.
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Are there any restrictions on foreign ownership of companies in the Czech Republic?No, there are no restrictions for foreign investors in the Czech Republic .
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What are the steps involved in forming a company in the Czech Republic?The steps include choosing a company name, preparing the company's statutory documents, registering with the Commercial Register, and opening a bank account.
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Do I need a local director to form a company in the Czech Republic?No, there is no requirement for a local director; foreign nationals can be directors.
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What is the corporate tax rate in the Czech Republic?The corporate tax rate is 21%.
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What is the VAT rate in the Czech Republic?The standard VAT rate is 21%, with reduced rates of 15% and 10% for certain goods and services.
Client Feedbacks
"I loved how Manimama put our business needs first. Their client-focused approach made the whole process feel collaborative".
"Manimama was efficient and avoided unnecessary costs. I was impressed by their commitment to value".
"If you seek a law firm that combines deep knowledge with a dynamic approach, Manimama OU stands out as a prime choice".
Manimama as the Best Solution for Your Company Formation in the Czech Republic
By choosing our company formation service in the Czech Republic, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in the Czech Republic and pave the way for your business success.
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