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LLC JSC Free Zone Company LLP Branch Office Rep Office
Local Name Společnost s učením omezeným Akciová společnost Společnost s ručením omezeným Komanditní společnost Odštěpný závod Reprezentativní kancelář
Company Setup Time 10 days 15 days 15 days 15 days 15 days 15 days
Bank Account Opening 10 days 10 days 10 days 10 days 10 days 10 days
Government Grants Available Yes Yes Yes Yes No No
Government Contracts Bidding Yes Yes Yes Yes No No
Limited Liability Yes Yes Yes Yes No No
Client Required to Travel No No No No No No
Inquiry Inquiry Inquiry Inquiry Inquiry Inquiry

Corporate Structure Explained

Czech Republic Limited Liability Company (společnost s ručením omezeným or SRO)

  • This business entity requires at least one owner. The minimum amount of paid-up capital required is € 1 (CZK1). One director must be appointed. He / she may be of any nationality.
  • After the company’s registration, the capital must be paid within five years.
  • These entities must submit audited financial statements each year.
  • An external audit must be conducted if the balance sheet exceeds € 1,5 million, annually or the turnover exceeds € 3 million or there are more than 50 employees in the company.

Czech Republic Joint Stock Company (aka akciová společnost or AS)

  • The capital of € 75,000 must be paid within five years of the completion of the incorporation. There must be three members on the supervisory board, other than the company’s directors.
  • An external audit has to be conducted. Joint Stock Companies can be free from tax deductions if the amount of the balance sheet is above €1.5 million, yearly turnover is above €3 million or there are more than 50 employees in the company.
  • It is the most suitable option if the shareholders do not want to be involved in the regular operations of the business.
  • It is also a good option if customers want to list the entity with the local stock exchange (PSE) to raise capital.

Czech Republic free zone company

  • The business entity formed in the Czech Republic can be registered with any of the available special industrial zones.

  • The prerequisites are at least €2 million minimum investment (€4 million in case of SIZs) and 20 or more jobs creations.
  • As per the Technology Center Program, innovative businesses benefit from a low investment of € 1 million.
  • These business entities are exempt from taxes for ten years. They can benefit from a cash grant of up to 7,500 per every job created and no property tax cuts up to five years.

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