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The country took a medium place of the tax rate level among the countries of the European Union. Its effective taxation system for entrepreneurs allows paying 10% per year. The Czech Republic is a perfect, friendly arena for medium and small businesses from the points of comfortable and cost-effective taxation system and reasonable accounting service.... Read more »

Doing Business is a research annually conducted by the World Bank aimed to study the simplicity of performing business in the developed countries. This research has been conducted for 15 years already. It spots the states attractive for doing business based on the certain criteria: convenience of tax system, accounting cost, market possibilities and development... Read more »

The koruna is the official currency in the Czech Republic. It has been used in the country since 1993. At the present time the pan-European currency euro is accepted all over the republic, however, there are some losses in the exchange rate. Geller 1 koruna is subdivided in 100 gellers used only in case of... Read more »

The Czech Republic is the state with the developed market economy, one of the most valued countries in the world due to the following economic, social and political indicators: VAT, the index of human development, the index of press freedom and the index of Internet freedom from censorship. The Republic is one of the top... Read more »

Are you thinking of a country to do business in? You should definitely consider the economically stable, safe and progressive Czech Republic, with a constantly growing position on the international stage. Here are some reasons why. Geographical convenience The Czech Republic is a small country in the very centre of Europe that guarantees excellent transport... Read more »

Power of attorney for LLC registration (Czech) LLC Director statement (Czech) Power of attorney for representing LLC in a Trade court (Czech) Power of attorney for representing a shareholder in a company meeting (Czech) Shares transfer contract LLC (Czech) Power of attorney for representing LLC in state organizations (Czech) Read more »

VAT (value-added tax) is often called a universal one as it is very frequently paid by physical and legal persons. It is obligatory in most countries including the Czech Republic to pay VAT. There are certain cases when companies and sole traders must register as VAT payers and we will describe them here. Type 1... Read more »

The Czech Republic in numbers: 87% of foreigners moved here for work or business are «generally satisfied», country ranks high in the Job Security, Work-Life Balance and Career Options sub-categories. Please see a full report here: https://www.internations.org/expat-insider/2017/czech-republic-39210 Read more »

Do you want to live and do business in the Czech Republic?Then registering an LLC (Limited Liability Company) locally is exactly what you need to do. The Czechs call this kind of company an S.R.O. (Společnost s ručením omezeným), and under this type of limited company registration, the business provides a guarantee for potential business-related... Read more »

Live and work in the Czech Republic! It’s not too complicated if you know your rights. One of the options for opening a business is through a sole proprietorship. However, what benefits lie in this kind of setup? Which rights does a sole proprietorship afford a foreigner? What you need to know about the registration... Read more »

The representative address of a Czech company or the place where it performs business activity is the address at which a company must be registered in the Czech Republic. A legal location is considered to be the address where proprietor activity is performed. This is noted on the Commercial register and is indicated on all... Read more »

Due to the fact that owning a business in the European Union provides one with a variety of opportunities, a lot of foreigners tend to register a company in the Czech Republic. Statistics say that one-third of all Czech companies have been set up by foreigners. However, there are situations where business owners may wish... Read more »