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Czech Republic

The Czech Republic has been part of the European Union since 2004, and is one of its more stable economies. The official currency is the Czech Crown (CZK). Neighbouring Germany is its largest import/export partner. The Czech Republic’s primary industries are the energy sector, automobiles, manufacturing equipment, metallurgy, and aviation. Its service industries represent 65% of GDP. The Czech Republic has a few economic zones where investors may enjoy discount prices. It is possible to set up a “ready made” company within a few days. Company formation may also be done online.

Main features & Advantages

  • Part of European Union
  • Fast incorporation - "ready made company"
  • Highly developed banking sector
  • Part of Schengen Area
  • Government Investment Incentives
  • The corporate income tax rate is 19%
  • Official language Czech

Start a New Company for $ 99 + state fee

LLC

Limited liability company, flexible form of business enterprise that blends elements of partnership and corporate structures organizations.

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$1630

Yearly requirements

  • Annual accounts—must be filed annually with Companies House.
  • Tax return.  All Czech limited liability companies must complete a corporate tax return and submit it to Revenue and Customs Department.
  • VAT.  If registered for VAT, company must complete a VAT return and submit it to Revenue and Customs Department.  This is normally required quarterly, with certain exceptions.