The Czech Republic has got a population of over 10 million people and occupies an area of 80,000 km2. The official language is Czech. English is widely spoken by businessmen but not by authorities.
The Czech Republic has been a member of the EU since 2004. It is not a member of the Eurozone – its official currency is the Czech Crown
(CZK, 1 € = 27.50 CZK). Personal income tax is 15% and the corporate income tax rate is 19% and VAT is 21% (the reduced rate is 15%).
|Minimum number of directors / board of directors||One individual or a legal entity|
|Requirements for directors||Foreign individuals must submit a duly certified police record |
|Supervisory Board||Not obligatory|
|Minimum number of supervisory board members||N/A|
|Requirements for supervisory board members||N/A|
|Minimum number of shareholders||One individual or corporation|
|Requirements for shareholders||None|
|Bearer shares allowed||No|
|Minimum share capital||1 CZK (EUR 0.04)|
|Obligation to pay‐up capital to a bank account||Yes, when forming a new company.|
No, when acquiring a shelf company.
|Publicly available information||Name of company, identification number of company, registered office, details of directors and their capacities, nature of business, shareholder details, share capital, financial statements|
A detailed material regarding the corporate and tax regime in the Czech Republic can be found in the Client Section or provided upon request.