there are two types of business companies in the Czech Republic:
- Limited liability company (ltd.)
- Joint-stock company (corp.)
LTD.
- the corporate body is one or more agents
- the minimal guarantee capital is 200.000 CZK
- the company warrants up to the level of the guarantee capital
- managing the company is easier than with a joint-stock company
- the company does not issue stocks
- the company does not have an advisory board
more information in: Commercial Code
CORP.
- the corporate body is the board of the company consisting of the director of the board and members of the board (min. 2 persons). In joint-stock companies with only one shareholder it is possible to lower the number of board members to one person.
- the company has an advisory board (min. 3 persons). The advisory board sees to the companies actions being carried out dutifully and in consistence with the law, with the regulations and instructions of the advisory board.
- the minimal guarantee capital is 2.000.000 CZK or 20.000.000 CZK (if the company is founded by a public stock option).
- the company follows the general company regulations
- the company issues stocks (to its name or to its owner)
more information in: Commercial Code
ACQUISITION OF A COMPANY
In present time there are two ways of acquiring a company in the Czech Republic. One way is to found a new company. The other way is to buy an already founded company, which has not been active in any business, does not have any liabilities and has a fully paid guarantee capital. We can help you gain either one of these companies.
EUROPEAN COMPANY
A modern legal form of enterprise is a European company (Societas Europaea). Click here for more information.
