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Business Start-up Costs in Czech Republic

Business Start-up Costs in Czech Republic

Updated on Thursday 21st July 2016

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Business-Start-up-Costs-in-Czech-Republic.jpgThe process of registering a new company in the Czech Republic is comprised of numerous compulsory steps which have to be fulfilled by the applicant. Each of these processes involves the assistance of various specialists, as well as the intervention of the local authorities. Although some of the steps which refer to the incorporation process may be free of charge, most of them require the payment of a certain fee. Such fees may vary, in accordance with the documents needed for the registration, but also with the legal entity chosen by investor. Our team of Czech lawyers provide assistance on the incorporation process, as well as on the costs involved when opening a new business in Czech Republic.

 

Free of charge registration procedures in Czech Republic  

 
Some of the steps which have to be completed when opening a new company in Czech Republic are free of charge. For example, the company should be represented by a trading name, which has to be unique on the Czech territory. The procedure can be completed at the Ministry of Justice, by verifying the online data provided by the institution. 
 
In Czech Republic, the bank at which the investor opened a bank account to deposit the minimum share capital, must provide a confirmation in this sense, which is also free of charge
 
The new company should also be registered for tax and social security purposes and both procedures are also free. It is also important to know that the registration for each of these institutions lasts less than one day; our team of Czech attorneys can offer more details on these services. 
 

Registration costs in Czech Republic  

 
The final costs for the new businesses incorporated in Czech Republic are also set out in accordance with the legal entity of the company (some may require a larger share of paid-up capital). The company’s documents will have to be notarized at a public notary, which imposes a fee in accordance with the value of the capital. 
 
As such, the notaries request the following taxes
 
2% of the value, for a paid-up capital of CZK 100,000;
1,2% of the value for a capital up to CZK 500,000;
0,6% - for a sum up to CZK 1,000,000;
0,2% - for a sum of up to CZK 20,000,000. 
 
Businessmen who are interested in receiving further information on the start-up costs in Czech Republic can address to our Czech law firm
 

Comments

  • Diana 2016-07-20

    I assumed that all the steps of the incorporation process are provided under a certain cost, but it is good to know that some of them are free of charge.

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