Asides from registering a new company in the Czech Republic, foreign investors have the possibility to buy a company that has already been legally incorporated, a much more simple procedure which also allows them to start their activity faster. When choosing to set up a company in the Czech Republic, foreign entrepreneurs engage in a process that can require the submission of various documents and that usually asks for the assistance of a company registration agent, whereas when buying aready-made company, the process is a lot easier to complete.
How to Buy a Ready-Made Company in the Czech Republic
A shelf company in the Czech Republic can be bought by other companies or by natural individuals and the procedure includes presenting the papers of the person purchasing the shelf company: ID card or passport and registration certificate of the company in case a company buys the other one. Then a signature of both parties is needed so as to complete the transaction. This has to be done at a notary office. When the sale has been made, the new company's owner has the right of changing details in the articles of association, as well choosing another name for the company.
Aspects of a Shelf Company in the Czech Republic
When acquiring a ready-made company in this country, you need to check that a few requirements are being met, namely if it includes:
- registration in the Czech Republic;
- the required share capital paid-up;
- the contribution of each shareholder with the minimum capital;
- articles of association;
- incorporation certificate;
- VAT number;
- bank account details.
The main types of Czech shelf companies are the limited liability company and the joint stock company partnership, but a foreign investor can opt for the one that is most appropriate for his/her field of interest.
In case you wish to change the name of the legal entity, the procedure is simple, the only process needed being the filing of a company name change.
Our consultants in company formation in the Czech Republic can make sure that the entire procedure is completed as soon as possible. Appointing new directors is again a rather simple thing to do, as it only involves signing the paper confirming the removing of the old ones and appointing the new ones. This can also be carried out by our lawyers through a power of attorney given to them.
Our team of company registration specialists provide a wide range of services for foreign investors who want to operate any business activities in the Czech Republic and so our clients can start their business with a shelf company in the shortest period of time. Therefore, you can feel free to seek counsel from our professional agents.
Starting a company in the Czech Republic can be difficult since it involves such complex procedures. The team from CzechCompanyIncorporation.com is very qualified and benefits from extensive expertise in this area.
Mihai Cuc, Partner of
Enescu&Cuc; Law Firm www.romanianlawoffice.com