Czech Republic

General

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%).

Tax benefits

Corporate features (limited liability company)


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
(criminal clearance).
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.