Bestowed with a stable political system, as well as well developed infrastructure and services.
- The Czech Republic is a member state of the European Union (EU).
- It is bordered by Germany, Austria, Slovakia and Poland.
- The capital city of Czech Republic is the historical and culturally renowned Prague.
- Czech Republic is the top business location in Europe to open a business, it has attracted worldwide investors because of its unique location and supportive business ecosystem.
- Corporate tax is payable based on worldwide taxable income and capital gains.
- Income tax for a corporation is 19%, whereas for investment funds, unit trust funds and pension funds it is only 5%.
- Czech legislation allows taxpayers to change their accounting period from calendar year to fiscal year and vice versa by notifying the Tax Authority.
- A limited liability company (SRO) is the most common type of business entity especially for small and medium sized businesses.
- Shareholders are not liable for the company’s obligations as long as their contributions are paid in full and registered with the Commercial Register.
- Registered capital is normally around CZK 200,000 (About USD 9,700 USD). While theoretically it is possible to establish a company with one shareholder and a contribution of CZK 1 (USD 0.05), is recommended to set-up an SRO with a minimum of CZK 1,000 (USD 50).
- The registered amount is fully usable and does not have to remain on the account.
- A Czech SRO is managed by one or more managing directors.
- It is not necessary to have the supervisory board or auditor.
- The general meeting is held once a year and shareholders can vote on or out of the general meeting in a distant way.
- Czech SRO can be formed by one or more partners, no matter if legal entities or individuals.
- There is no legal restriction on whether the director is also a sole member of other companies.
- The maximum number of company members is not limited.
To set up an offshore company in Czech Republic, each of the Directors, Shareholders, Beneficial Owners or Authorized Signatories is required to submit the following documents:
For Each Director , Shareholder & Ultimate Beneficial Owner:
- Notarised / Certified True Copy of Passport
- Notarised / Certified True Copy of Driving License or National ID
- Notarised / Certified True Copy of Proof of Address (must be less than 90 days old)
- Bank or Professional Reference Letter
If there are Corporate shareholders, the following documents must be provided:
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Articles of Incorporation
- Register of Directors & Shareholding
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