Incorporation of a Spol. s.r.o. in Czechia
Costs of notarization and registration | not included (approx. 500 EUR) |
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Minimum share capital | 200000 |
Registration | yes |
The Czechian spol. s.r.o. (short for Společnost s ručením omezeným) is very common in Czechia and similar to a German GmbH. The company combines a limited liability with assessable administrative costs as well an assessable social structure.
The Czechian spol. s.r.o. could be incorporate by a single person or more than one person. With subject to Czechian law the share capital must at least amount to 200.000,00 CZK (ca. 8.000 EUR). The payments can be done by cash or as kind of assets..
The incorporation takes place in front of a Czechian notary. The shareholders can be represented with a power of attorney. The articles of association are required to be certified. They have to contain at least: registered name, registered address and the business purpose.The Managing director is required to provide the commercial register with a criminal record of his homeland. To avoid extending of incorporation proceeding; we therefor we recommend to ask for the criminal record as soon as possible.