Articles about our services

In the Czech Republic, every company is required not only to prepare financial statements (účetní závěrka), but also to officially approve them. At the same time, a decision must be made regarding the company’s financial result — whether profit or loss (hospodářský výsledek). These procedures are mandatory and strictly regulated by Czech legislation. The main...

Planning to launch a business in the Czech Republic? An s.r.o. (společnost s ručením omezeným) is the most popular legal form for small and medium-sized enterprises, as well as for foreign founders. It offers limited liability, a straightforward setup process, and flexible management — making it an ideal choice. In this article, you’ll find a...

Starting in 2025, the cryptocurrency market in the Czech Republic will enter a phase of significant transformation. The pan-European MiCA (Markets in Crypto-Assets) regulation will come into force, establishing unified legal standards for all industry participants. This marks the end of legal uncertainty and the beginning of crypto companies operating under clear and predictable rules...

Liechtenstein, known for its stable legal and economic environment, offers a unique opportunity for establishing family foundations. These foundations provide asset protection, management flexibility, and high confidentiality. Benefits of a Family Foundation 1. Asset Protection: Reliable protection from creditors and third parties. 2. Confidentiality: All information about owners and beneficiaries is strictly confidential. 3. Management...

Registering a holding company in Luxembourg offers unique opportunities to organise a holding company in a reputable, stable jurisdiction. Find out why more and more international companies are choosing Luxembourg. Key benefits: Why Choose DoMyTax: DoMyTax offers a full range of services for the registration of holding companies in Luxembourg: Contact us today: Start the...

We are pleased to announce the launch of our new service — turnkey registration of a holding company in the Czech Republic. This product is designed for companies seeking to optimise tax costs, diversify risks and improve asset management. The service offer and its price can be found here. Advantages of a holding company Why...

As of January 1, 2024, the Czech Republic experienced a sharp increase in property tax rates, by about 80% compared to 2023. For some taxpayers, the tax increased several times due to the introduction of local increasing coefficients. Taxpayers did not have to file a tax return due to the change in rates. The tax authority itself...

In this article, we’ll go over the various kinds of taxation on investment income, such as dividends, interest on deposits, debt holdings, P2P loans, sales of shares, cryptocurrencies, real estate, and several other investment vehicles. Income from the investment categories mentioned can be divided into two groups: Income from ownership, §8 of the Income Tax...

The international company DoMyTax is expanding its portfolio of services to the Middle East (UAE)! This means that you can now receive UAE tax advice, company registration, bookkeeping and audit services in the UAE. Full list of jurisdictions served today: UAE 🇦🇪, Czech Republic 🇨🇿, Poland 🇵🇱, Lithuania 🇱🇹 and Germany🇩🇪. Now you can easily...

Our article will help to solve the problem of choosing a right place for social and health insurance for the citizens of the European Union (EU), when working not only in the country of permanent residence. Each citizen, who lives in one of the EU country has to be socially protected and has to get...

Are you an entrepreneur, an individual or a legal entity that provides services or sells goods on the territory of another state? Both foreign companies doing business in the Czech Republic and Czech firms trading in other countries under certain conditions must additionally register for the income tax and VAT. The income tax law lists...

The point is that there still is no common understanding regarding what cryptocurrency is. The notion is interpreted differently in different countries. In some countries like Japan, Switzerland, and the United Kingdom, cryptocurrency is considered as payment means, however, they are not considered as currency.  In Australia and the United States, they are considered as property,...