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Setting up a limited liability company (s.r.o.) in the Czech Republic

Setting up a limited liability company (s.r.o.) in the Czech Republic

1. Requirements

·         Power of attorney (“PoA”) granted by each founder with officially verified signatures (usually by notary public). We will send you PoA in English by email. You will send it back by DHL or PPL or other delivering company.

·         All public documents and certificates need the appostille (if from Macao or Hong Kong ) or the superlegalisation (if from People’s Republic of China). We will send you some documents by email. Criminal report and Commercial Registry has to be in original and translated to ENG. You will send it back by DHL or PPL or other delivering company.

2. The list of necessary documents

·         Power of attorney granted by each founder

·         If one of the founders is a company - Certification of Incorporation with superlegalisation (must be translated to Czech by a court approved translator)

·         Affidavit of the managing director, that he/she accepts its position along with a Certificate about his/her Criminal record

·         Permission of the building’s owner with placing the registered office in his/her building + Certificate from the Land Registry about the ownership of the building

·         Confirmation that the share capital has been paid

3. The procedure for establishing a company

The procedure for establishing a limited liability company is as follows:

1. The founder grants the attorney the power of attorney, which allows the attorney to set up the company and the advocate verifies with the notary if the name of the company is eligible for registration with the Commercial Registry

2. During a Shareholders meeting of the company, A Czech notary composes a Notarial record establishing the company, which contains information about:

a) the partners of the company (names, residence/registered office, date of birth/company ID)

b) name of the company

c) the basic capital (at least 1 CZK),

d) the seat of the company (the city where the company will be set up)

e) the managing director (name, date of birth, place of residence)

f) the scope of the business

when the Shareholders meeting is concluded, the Notary creates a Notarial record and thus the company is created.

 

4. The registered office, with a precise address, of the company has to be established. The owner of the building grants the company permission to create a registered office in his/her building. The signature must be officially verified (e.g. notary). The permission along with a certificate from the Land Registry about the building ownership are send to the notary for the Registration of the company in the Commercial Registry.

5. The affidavit of the managing director must have his/her officially verified signature (e.g. notary). The affidavit is send to the notary for the Registration of the company in the Commercial Registry.

6. The company must be registered with the local Trade office in order to be allowed to do business. This step is taken after the Shareholders meeting.

7. Setting up a bank account for paying the mandatory starting capital and paying the capital. Confirmation of the payment of the capital is send to the notary for the Registration of the company in the Commercial Registry.

8. Registering the company with the Commercial Registry. When he notary is supplied with all of the above mentioned documents, he will register the company with the Commercial Registry.

9. The company must be registered with the Tax office, as well with Health and Social insurance Offices.

For more information please contact us:

Best regards


Jiri (George) Klega 
Lawyer/Partner

Jakovidis, Klega, Partners, advokátní kancelář

U Staré elektrárny 291/11, 710 00 Ostrava

+420 608 133 636   E klega.j@advokatova.cz

ID DS zkcg9ce   www.advokatova.cz

JKP advokátní kancelář

 

25.11.2017