Frequently Asked Questions
In accordance with the Act No. 90/2012 Coll. on companies and cooperatives, a company may be established by any natural or artificial person with the residence or its registered office at the territory of the European Union. In the case of a natural person, that person must be competent to legal acts and must prove a clean criminal record.
We are able to establish the company within 10 days of the order and receive the necessary documents.
Limited Liability Company, Joint Stock Company, Limited Partnership, Public Trade Company.
In the case of a limited liability company, the share capital is currently CZK 1. When establishing a joint stock company, the share capital must be deposited in the amount of CZK 2,000,000. If the joint stock company wants to enter the stock market, the share capital must be at least CZK 20,000,000.
The Czech company must have established at least one crown account in the Czech bank which is reported to the tax office and which, besides other things, serves for the deposition of the share capital. There is no obstacle for having a company account in the Polish bank. The particular decision depends on the specific bank conditions.
When deciding to grant a loan, banks usually require at least one year of business history, or a minimum of one tax return.
Incomes of natural persons are taxed at a rate of 15 percent and incomes of artificial persons at a rate of 19 percent. Tax on dependent activity is subject to a rate of 15 percent.
Entrepreneurship in the Czech Republic is accompanied by much smaller administrative legal barriers, which allows freer business activities without too much interference from state authorities. Authorizations and permissions are granted without unnecessary bureaucratic obstacles. The Czech state actively supports new entrepreneurs who start to do business in the Czech Republic through various financing instruments. Our staff has a wealth of experience in applying for Union subsidies.
Usually after at least one tax period in dependence on the turnover and profits made by the company.
The necessary costs are costs of a rent and a bookkeeping. The amount of rental costs depends on the location, the size of the premises and the purpose of the rent. Regarding bookkeeping costs, it is cheaper to keep the books for natural persons than for artificial persons, and it is cheaper for non-payers of VAT than for payers of VAT.
The costs of establishment of a company depend on the type of established company. In the case of a limited liability company, total costs (notarial fees, court fees, a trade license) reach the sum of money PLN 3,000.
The "Ready Made" company is the company that is already established, but it does not do business at the time, it has no receivables or liabilities, and it is ready for sale and for the start of entrepreneurship.
When purchasing goods or services, the VAT payer is entitled to a deduction of VAT. If the realized payments are greater than those received, the taxpayer pays VAT to the tax office. If the realized payments are lower than those received, the taxpayer is entitled to a deduction of VAT, that means the tax office returns VAT to the taxpayer's account.
The answer is the same as the answer to the previous question with an extra point that the taxpayer will avoid a request for VAT claiming, including providing evidence to prove the business plans which the VAT registration is dependent on.
For the receiving of the EU subsidy by the company it is necessary, in addition to meeting the detailed conditions of a specific grant program, to have closed at least two accounting periods, either alone or as a daughter company of its mother.