Why the Czech Republic?
The Czech Republic offers a stable business environment, a strategic location in the heart of Europe, and access to the EU single market. Prague in particular attracts entrepreneurs from around the world thanks to its skilled workforce and competitive operating costs.
Choosing the Right Legal Form
For most foreign entrepreneurs, the **s.r.o.** (společnost s ručením omezeným) — equivalent to a limited liability company — is the best choice. Key advantages include:
- Limited personal liability
- Minimum share capital of just 1 CZK
- Full foreign ownership allowed
- Straightforward tax and accounting rules
The Registration Process
**Step 1: Draft the Memorandum of Association**
This founding document defines ownership structure, share capital, and management powers. It must be notarised.
**Step 2: Open a Bank Account and Deposit Share Capital**
A Czech bank account is required. The share capital deposit is confirmed by the bank.
**Step 3: File with the Commercial Register**
The application is submitted via a notary or data mailbox. Processing takes approximately 5–10 business days.
**Step 4: Register for Tax**
After registration, the company must register for corporate income tax. VAT registration is mandatory once turnover exceeds CZK 2 million annually.
Language and Documentation
All official documents must be in Czech. Our team handles all translations and certifications, so language is never a barrier.
Let Us Handle Everything
TDM Administration specialises in company formation for foreign clients. For a fixed fee of CZK 12,000 we manage the entire process — you just need to sign the documents.