Czech Republic Guide: Business

Our business guide provides you with information about company creation, self-employment, the prospects in the marketplace and some tips on how to avoid problems.

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  Starting a business

  Establishing a company in the Czech Republic

  According to a World Bank study, it takes on averageseventeen days to form a new company in Czech Republic. It is adifficult process, therefore it is advisable to use the help of a legal expert.

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  Registration of a new company

  Commercial register and trade authorisation

  You must register with the Commercial Register within 90 days offormation of the company, i.e. signing of the Memorandum, or the datewhen the trade authorisations were issued. Before registering in theCommercial Register, you must obtain a trade license or another type of business license.

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  Business entities

  Company types in the Czech Republic

  In the Czech Republic, the most common formsof business are limited liability company and joint stock company.Other alternative business forms are general partnership and branchoffice.

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  Corporate Cost

  Taxes and Social Security

  After registering in the Commercial Register,you will have to register at the Czech Social Security Administrationand at a health insurance company within 8 days. You have to registerat the Tax Office within 30 days.

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  Business etiquette

  How to do business in the Czech Republic

  When doing business in the Czech Republic, you will feel some differences between generations. The older generation usually enjoys more authority. The younger generation is widely accustomed to speaking in English.

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