Creating a Publishing Business in the Czech Republic

Foreign businessmen who want to establish a publishing company in Czech Republic must know the local environment, main competitors, special legislations under which this type of business can function and many others. A publishing company is incorporated in accordance with the general registration process available for any other type of company; our team of Czech company formation specialists can provide assistance for all the stages of this process. 

 

When opening a company in the field of publishing, foreign investors should know that they can establish a newspaper business. It is important to know that more than 80% of the Czech citizens read on a daily basis. The daily press issued in Czech Republic reaches a large number of the population, of more than 70%. 

 

The most important publishing businesses in this field have a market share of more than 14%. 

 

Publishing businesses require a trading license, established under the Trades Licensing Act. Publishing companies issuing non-periodical publications are regulated by the Non-Periodical Publications Act 27/1995; our team of company formation consultants in Czech Republic can offer more details on this matter. 

 

We suggest you discuss and collaborate with our team of accountants in Czech Republic and benefit from the services our firm can offer. A company needs payroll services, bookkeeping, audits, and support for the preparation of annual financial statements, and our specialists can assure you of collaboration with the relevant institutions to implement any change brought by the legislation in this field. Therefore, get in touch with our accountants to benefit from support and assistance in this matter.

 

 

The first step of the incorporation process is to propose a trading name and verify if that name isn’t already used by another company registered in Czech Republic. If the trading name is approved by the Ministry of Justice, the shareholders can proceed further, to the drawing of the statutory documents of the company. 

 

The documents are notarized at a public notary and it is important to know that the taxes incurred by the notary are established in accordance with the amount of the company’s capital. 

 

Under the local legislation, new incorporated companies are required to open a bank account, necessary when depositing the share capital, in accordance with the legal entity of the company. When opening a bank account, Czech banks will normally require the articles of association. 

 

Foreigners who need further information on the publishing businesses in Czech Republic can contact our team of company incorporation representatives for consultations.