Foreign investors interested in expanding their business activities in Czech Republic
in the field of pharmaceuticals
have to respect a set of rules when incorporating this type of company
and also have to comply with a strict set of regulations which are applied by the Czech State Institute for Drug Control
. The entity is the main regulator in this field and it is allowed to control the industry in every aspect; at the same time, the Institute is responsible with the regulation of pharmaceutical companies
in terms of various aspects of the business: clinical trials, results, prices of the products and many others. Foreign investors who want to receive more information on the pharmaceutical industry in Czech Republic
can address to our team of Czech company incorporation specialists
Pharmaceutical companies in Czech Republic
Businessmen who want to open a company in Czech Republic
should know that the local market is mostly represented by foreign ownership. The process of registration of a Czech pharmaceutical company
is similar to the incorporation of any other type of company; still, there are some significant differences related to the authorizations required in order to properly function in the pharmaceutical industry
According to the Czech legislation, a foreign investor can incorporate a company in Czech Republic under one of the following legal entities:
• joint stock company;
• branch office.
Our team of Czech company incorporation agents
can assist entrepreneurs in choosing one of the above mentioned legal entities, in accordance with their business plan or financial assets; some of the most important steps in opening a company
• drafting the articles of association;
• registering a business name;
• establishing a business address;
• registering with the local authorities;
• opening a bank account.
Provisions of the pharmaceutical legislation in Czech Republic
Both local and foreign pharmaceutical companies established in Czech Republic
have to comply with the legislation provided by the Act on Pharmaceuticals
(2007). The Act was drafted in accordance with the European Union’s directives on pharmaceutical products
and pharmaceutical businesse
s and it establishes the way in which medicaments are manufactured, marketed and traded. At the same time, the Act provides a legal framework related to the drugs which can be produced or sold on the Czech territory
and it refers to what types of activities are permitted here.
If you need further information on the pharmaceutical companies in Czech Republic
, please contact our Czech company incorporation consultants
, who can provide you with a comprehensive view on the business opportunities that are available for this industry.