Czech Republic Company Formation |
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Czech Republic company formation can be achieved in a relatively short period of approximately 3-4 weeks, and can be an excellent way for international businesses to trade within the European Union (EU). Healy Consultants assists clients to complete Czech Republic company registration. The following information will help you determine whether Czech Republic company formation is the optimum corporate structure to fulfill your international business objectives: |
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Corporate tax in the Czech Republic is relatively low, with companies subjected to a standard rate of 19%, significantly lower than in other major European countries. |
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Czech Republic company formation requires just one director and one shareholder, who can be of any nationality. The shareholder does not need to be resident in the Czech Republic. |
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The Czech Republic ranks positively as the world's 38th most competitive country in the World, according to the World Economic Forum in its Global Competitiveness Report 2011-2012. |
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With a minimum capital requirement of EUR8,300 (approximately US$11,850) a Czech Republic Company Formation is considerably cheaper than, for example, Germany that requires EUR25,000 (approximately US$35,700) or other European countries. |
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Czech Republic company formation is supported by various economic incentives such as grants and tax reliefs that are given for investments in certain industries and regions
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Company formation in the Czech Republic allows 100% EU ownership of its companies. For company incorporation of a Limited Liability Company (Sro) only one EU-resident director will be required. |
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No restrictions are imposed on foreign entities or individuals with regards to their business activities after undertaking Czech company incorporation. |
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It is easy to open global corporate bank accounts to support Czech company formation. Healy Consultants works with internationally recognized banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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| 1. | After undertaking Czech Republic company formation, the company is required to register for value added tax (VAT), for which the standard rate is currently 20%. |
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| 2. | According to the World Bank's Doing Business 2011 Survey, the Czech Republic ranks 63rd. However, this represents an improvement by 19 positions, compared to 2010 edition of the survey, showing the increased efforts and improvements of the Czech Government. |
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| 3. | The Czech Republic is negatively ranked as the 57th least corrupt country in the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
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| 4. | Czeck Republic company formation is subject to several taxes including corporate income tax, withholding tax, VAT and real property tax. Additionally they also need to contribute to the state social security and health schemes for employees.
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| Contact Us | ||||||||||||||||||||
For further information on Czech Republic company formation, contact email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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