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Company Formation Czech Republic

Company Formation Czech Republic

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Articles

The Trade Register in Czech Republic

Updated on Sunday 15th January 2017

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trade register in czech republic.jpgThe Commercial Register in Czech Republic is part of the Regional Court or the Court of Registration and it is related to the area of the head office of the company or the place of business of the person applying for registration.

 

The procedure for registration of a company in Czech Republic

The statutory body of the company or the representative is the one that must submit the application for the Commercial Register. The application deadline is within 90 days from the release date of the trade license or the date the company was established.

 

Below, investors can find out more on the procedure related to the registration of a company in Czech Republic:

 

There are standard forms for company formation in Czech Republic that can be found on the website of the Ministry of Justice. The Commercial Register in Czech Republic has the „silence-is-consent" rule, meaning that the institution is obliged to process the registration within five working days or deliver another decision in the same period. Unless there is no other decision, the company is considered to be registered on the following day after the mentioned period.

The submission process for company formation in Czech Republic comes with an administrative fee charged for a first-time entry for a company not previously registered. The fee amount is CZK 5,000 (approx. 195 EUR).

The Register Court of the Czech Republic stores information about all the business entities in the country and must be notified by the companies regarding all changes such as change of address, replacement of directors a.s.o.

Documents required by the Trade Register

Applications submitted to the Register Court must contain certain documents. Along with the standard forms, the file must include the documents representing the memorandum of association that shows the valid incorporation of the founder or its representative.

Members of the statutory body must give a specimen signature. It also requires the bank statement that the registered capital was paid in the minimum quantum asked by the law. The members of the statutory and supervisory body (if necessary) must sign a statement of credibility together with consent to entry the Commercial Register. Each member of the main body, as well as the supervisory one when is the case must provide extracts of the criminal record from the country of origin, not older than three months.

The extract from the Trade Licenses Register is also an important part of the file for the Commercial Register. The application also requires evidence of the ownership or consent of the use of the registered office and the powers of attorneys especially for foreigners to be registered in the Commercial Register.

For details about the registration procedure, you may contact our specialists in company formation in Czech Republic.

 

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