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Company Formation Czech Republic

Company Formation Czech Republic

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Articles

Setting up an IT Company in Czech Republic

Updated on Tuesday 05th July 2016

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Setting-up-an-IT-Company-in-Czech-Republic.jpgThe Czech environment hasn’t always been developed in the information technology (IT) industry, but this situation changed in the last years, providing an attractive business market for the local and foreign businessmen who want to open a company related to IT operations. When registering a company in Czech Republic, regardless if its main activities, the investor should follow specific steps, which are compulsory. Our team of Czech company formation specialists can offer assistance for the incorporation of an IT company and can also offer relevant information on this domain. 
 

Register a business in Czech Republic  

 
The registration procedure of a new company in Czech Republic starts by proposing a trading name under which the company will be recognized on the local market. It is important to have a unique business name and its availability can be checked at the Ministry of Justice. 
 
When opening an IT company here, the businessman should also choose a legal entity for his or her business and, in order to do so, it is necessary to draft the articles of association and the memorandum, which are the statutory documents of the company, drafted in accordance with the company type chosen by the investor. The documents have to be notarized at a public notary in Czech Republic. The cost of this action is established in accordance with the initial capital of the company.  
 
The minimum share capital is established in respect to the legal entity which will represent the company and it must be deposited in a bank account, opened especially for this procedure. Further on, the company must be registered with the Trade Licenses Office, which will issue a trading license in accordance with the business activities of the company; our team of Czech company incorporation representatives can assist throughout these procedures, as well as for other steps of the registration

 

IT industry in Czech Republic  

 
The IT industry is very well developed in Czech Republic, as it is represented by more than 30,000 companies, employing more than 130,000 employees. The IT industry is regulated by a set of rules especially created for this field, including special measures referring to the rights and obligations of the persons employed in the IT companies
 
Businessmen who are interested in finding out more details on how to register an IT company in Czech Republic can address to our team of Czech company formation agents for assistance in this process.
 
 
 

Comments

  • George 2016-07-04

    The IT industry provides many business opportunities, as the field is becoming more important for the world's economies.

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