Isabella has obtained the rich experience during working like the employee with the sweets and she would like to start her own business in the Czech Republic. She considers to begin the entrepreneur with the Spanish sweets. Isabella has a several opportunities how to start with her own business:
to establish a trade license – the basic form of the independent business activity with no need of enter expenses. The first step in the process of getting a Trade License is choosing what trades you want to include in your Trade License. There are 80 Unqualified Trades that can be included in the Trade License. Another 32 trades (optician, driving instruction, water rescue service, etc.) are within Professional Trades. You must provide related education and/or experience if you want to include Professional Trades in your Trade License.
Conditions to get the Trade licence
being over 18 years old
having to criminal record in the chosen fields
How To Get A Trade License – Required Documents (Unqualified Trades Only)
Application form
Passport
proof of business address
list of chosen Trades
1 000 CZK administrative fee for the Trade License authority
Criminal Background Check from your country of origin/Affidavit saying that you have never been convicted for any crime (the affidavit only applies to certain nationalities)
To establish a limited liability company (s.r.o.) – The Czech limited liability companyis usually preferred by small and medium sized businesses and it is a popular legal entity, due to its requirements. It can be established either by one founder (person or legal entity) or by an association of maximum 50 persons. An SRO with a single shareholder can’t set up or be the sole shareholder of another SRO. At the same time, one individual can be the sole shareholder of only three other limited liability companies. The minimum compulsory deposit amount is CZK 1, unless the social contract determines that the amount of the deposit is higher.
What are the main requirements for company formation in Czech Republic?
The new company set up in Czech Republic has to be registered with the Trade License Office and this is a compulsory requirement for businesses set up in this country. To obtain the trade license, the following documents are required when starting a company in Czech Republic:
the statutory document for companies that have not yet been registered with the Commercial Register;
the excerpt from the Register – this is applicable for companiesthat have already been established;
thelease agreement of the office space, which shows that the company has an official business address;
thepayment proof of the administrative fee, imposed to all companies requiring this service.
In not more than 90 days since the company was set up or the trade license was released, the businessmen must register with the Commercial Register of the Regional Commercial Court. Along with the standard application, the founders must submit:
the articles of association– the main statutory documents of a business set up in Czech Republic;
documents attesting the right to develop business activities on the Czech Republic territory;
confirmation from the administrator of the registered capital and an extract from the Trade Licenses Register;
a certificate from the bank stating the deposited capital, which can vary depending on the company’s business form;
a list with the company managers and their signature and consent for the registration into the Commercial Register;
clean criminal records for all representatives and members of the company registered here.
The owners must submit an application at the Tax Office for the income tax, withholding tax and payroll tax registration and for the VAT registration no later than 15 days since the company was registered. As a result, the newly formed entity will receive a tax identification number. The last step of incorporation is the registration for social security and health insurance, within eight days after the first employee was hired.
To transfer the foreign company to the Czech Republic from Spain – The foreign company may operate in the Czech Republic, either by establishing a branch office registered in the Czech Republic or by establishing a Czech company
Isabella has decided to establish the trade license in the beginning of the own business in the Czech Republic. When the business will be successful, she will consider to establish a limited company.
Isabella has obtained the rich experience during working like the employee with the sweets and she would like to start her own business in the Czech Republic. She considers to begin the entrepreneur with the Spanish sweets. Isabella has a several opportunities how to start with her own business:
Conditions to get the Trade licence
How To Get A Trade License – Required Documents (Unqualified Trades Only)
What are the main requirements for company formation in Czech Republic?
The new company set up in Czech Republic has to be registered with the Trade License Office and this is a compulsory requirement for businesses set up in this country. To obtain the trade license, the following documents are required when starting a company in Czech Republic:
In not more than 90 days since the company was set up or the trade license was released, the businessmen must register with the Commercial Register of the Regional Commercial Court. Along with the standard application, the founders must submit:
The owners must submit an application at the Tax Office for the income tax, withholding tax and payroll tax registration and for the VAT registration no later than 15 days since the company was registered. As a result, the newly formed entity will receive a tax identification number. The last step of incorporation is the registration for social security and health insurance, within eight days after the first employee was hired.
Isabella has decided to establish the trade license in the beginning of the own business in the Czech Republic. When the business will be successful, she will consider to establish a limited company.
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