Czech Republic is a country of the European Union, which has all the conditions for doing sustainable business. The country has the stability of the political system and the growth of the citizens’ material welfare. The favorable geographical position, mild climate, rich cultural traditions complement the image of a safe haven, which is so attractive for foreigners.
The advantages of business opening in the Czech Republic:
- support for small and medium-sized businesses from the part of the country
- incentives for real estate transactions, particularly for mortgages, low rent
- access to additional funding and EU grants
- constant demand for services due to the high purchasing power of the population
- stable business rules
- minimum costs for firms maintenance
- one of the fastest ways to obtain a residence permit for the businessman and his family
Among the advantages of starting a business for foreigners we should also add equalization of their possibilities with residents of the Czech Republic, that is, there are no special requirements to them. If you have turned 18, you have no criminal record and debt to the tax authorities of the Czech Republic, you can open your business.
Of course, some difficulties can be expected along the way. You should pass a number of stages, each of them require special knowledge of Czech legislation. You should analyze the different forms of ownership, their advantages and disadvantages, and then choose the type of activity itself, to know whether you need a special license and proof of qualifications for it. A company name is selected, the founding members are determined.
Then comes the stage of preparation of constituent documents which are to be notarized. After this, a bank account in the Czech bank is opened and the share capital with minimal boundaries depending on the form of ownership it paid. If you decide to do business as a private entrepreneur, the share capital is not required, but in this case you vouch with all your property, and the prospects for real estate purchase are closed for you.
After providing all the documents the company is registered in the commercial register and is registered with the tax office. The possibility to register your company by proxy that will save the future owner from the tedious bureaucratic process greatly facilitates the entire process.
Our company will take over all the difficulties associated with the process of starting a business in the Czech Republic. Experienced professionals can help you to avoid mistakes and choose the most convenient and easy to register way of entrepreneurial activity. Contact us, and you will make a profit and results of benefits of doing business in this stable prosperous country.
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