Company Registration Czech Republic

You may select and order the available company formations below and find the related informations with additional services on the right side.

Csehország

Introduction

Normally it takes one week to form a new company after we receive all the documents sent by the shareholders (Affidavits, Power of Attorney and Articles of Incorporation), which would be provided by us. Our service includes all the necessary additional filings and registrations so that the newly-formed company is ready to trade. These include reserving the reservation name, drafting the articles of association, depositing the share capital (approx: 8000 Eur) at a chosen bank, submission of the file at the Trade Register and undertaking of the certificate of incorporation and registration for VAT number. You can choose any name to denote and distinguish your business, provided that it is available (not already used by someone else). To avoid delays, we normally ask you to provide us with two other alternative names. A limited company may have a single shareholder, who may also be its sole representative and manager (director). The company may be seated in any city or resident location in the Country.

S.R.O. company formation

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Limited Liability Company is a company form in Slovakia and Czech Republic.

Incorporation costs

Service price: 1 300 €
Licenses: depends on scopes
Minimum capital: 200 000 CZK

Population 8 million
Corporate Tax 19%
Individual Tax 22%
Value Added Tax 21%

SRO formation fee 1 300 €
SRO capital 200 000 CZK

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Bank account 390 €
EU VAT number 270 €

Head Office 300 € / Year

Bookkeeping ask an offer
Name change 290 €
Apostille administration 150 €
International express delivery 70 €
Certified translation 20 € /oldal

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Double taxation agreements

Albania, Armenia, Australia, Austria, Azerbaijan, Belarus, Belgium, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Cyprus, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, Netherlands, New Zealand, Nigeria, North Korea, Norway, Pakistan, Panama, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Syria, Tajikistan, Thailand, Tunisia, Turkey, UAE, UK, Ukraine Uzbekistan, Venezuela, Vietnam

Corporate tax changes

The corporate tax rate is 19%. A special rate of 5% applies to profits of qualifying investment, mutual and pension funds. Dividends received are, in principle, taxed at 15%. However, dividend received from a subsidiary in which the parent has held at least 10% for at least 12 months and which is resident in the EU is exempt. A dividend received from a subsidiary resident in a country with which the Czech Republic has signed a double tax treaty is also exempt upon following conditions: (i) the legal form of the subsidiary is similar to a limited liability company, joint stock company or a cooperative, (ii) parent has held at least 10% for at least 12 months, (iii) the corporate tax rate of the subsidiary is at least 12%. Dividends paid are taxed at 35% or 15%, unless a double tax treaty provides for more favorable rates. However, dividends paid to a parent resident in the EU, Norway, Iceland or Switzerland which has held at least 10% for at least 12 months is exempt. The 35% rate only applies to shareholders from jurisdictions with which the Czech Republic has not concluded an international agreement on the exchange of information on taxes or a Double Tax Treaty. The 35% will also not apply to signatories of the Council of Europe’s Convention on Mutual Administrative Assistance in Tax Matters (“Convention”). As the Czech Republic has only just joined the Convention (signing it on 26 October 2012), the new regulation will apply once in force which will be on 1 February 2014. Income tax relief for a period up to 10 years is available under special investment incentive schemes. However, it is currently being discussed that the investment incentive schemes might be greatly limited from mid 2014.

VAT Changes

The standard rate of VAT (dan z pridané hodnoty; DPH) is 21 percent (effective 1 January 2013). There is a reduced rate of 15 percent which applies to, for example, food products, books, brochures, newspapers and magazines, public transport services, social residential housing construction, and transfer of social residential houses unless exempt. Exports and intra community supplies of goods, international transport of goods relating to exports or imports of goods are zero-rated. Certain supplies of goods and services are exempt from VAT, for example insurance and financial services; postal services; education; health and welfare services; transfer and financial leasing of immovable property in certain conditions; and renting transfer of immovable property (under certain conditions).

PIT Changes

Since 1 January 2013 annual income above the cap for social insurance (i.e. above CZK1,242,432 for 2013) is subject to solidarity tax of 7 percent in addition to the standard 15 percent tax that is calculated from the gross taxable income increased by the employer's part of social security contributions to Czech obligatory social security scheme ("supergross salary") up to the maximum assesment base. Tax base for solidarity tax is gross income exceeding CZK1,242,432 i.e. without increasing the gross income by employer's part of social and health insurance contributions in contrast to 15 percent tax.

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Introduction

S.R.O. company formation

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Corporate tax changes

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