Open a Company in FMCG Field in the Czech Republic
Updated on Monday 11th December 2017
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The fast moving consumer goods (FMCG) sector in Czech Republic is developing at a fast pace. Investors who want to open a company in the Czech Republicin this field can have very good prospects in the online retail sector, which increased by 21% on a year to year basis in the period between 2005 and 2015, with a strong emphasis on the FMCG industry. Our team of consultants in company formation in Czech Republic can offer advice on the registration requirements, as well as on the business permits that must be obtained when performing this type of business activity.
Register a FMCG company in Czech Republic
In order toopen a company in Czech Republic in the FMCG sector, the businessmen will need to follow the regulations applicable for any other type of commercial activity. After deciding on thelegal entity of the company, the investors will need to draw the articles of association, following the regulations of the Czech legislation. The procedure has to be completed in front of a public notary in Czech Republic and the fees imposed for this legal aspect will depend based on the share capital of the legal entity.
The video below offers more details on the registration of a FMCG company in the Czech Republic:
It will be necessary to open a corporate bank account at a commercial bank in Czech Republic, a procedure for which the investors will need to provide the notarized articles of association.
Later on, the procedure of company formation in Czech Republic stipulates to register with theTrade Registerfor the specific activities of the respective business.
In order to complete thecompany registration in Czech Republicin the field of FMCG, the investors will also need to obtain special licenses for the products they will sell on the local market. FMCG refers to the products which have a short shelf life, such as foodstuffs, groceries, vegetables, soft drinks and other similar products.
In order to sell such products, the respective company will have to comply with numerous regulations referring to the storage of the products, hygiene, handling requirements and others.