Tips and advice

How to incorporate a company or create a branch office? Should you register for VAT? What to look out for when doing a business on a trade license? Read our tips on how to stay on top of your business, tax, and accounting requirements.


As a foreign entity, you can enter the Czech market in several ways. In this article, we will focus on the two most common. We will talk about what advantages the formation of a branch office offers and when it is worth incorporating a new limited liability company. Foreign companies, which intend to do business in the Czech Republic or which are…

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There are several ways to combine two companies. In this article we will take a look at the meaning of the terms, which are often confused and overlap with each other. You will find out what mergers, acquisitions, mergers by acquisition, mergers by the formation of a new company, and other forms of company transformations are and how they are different.…

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Is it really possible today to form a company quickly and at minimal cost? Or even online? Politicians promised changes, implemented some, but in the end, specialized companies had to bring this to life. "I remember when my partners and I started a company 18 years ago," our client Jana Frýdová confided in us. "It was a process that took many weeks, and…

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The term registered branch was introduced by the Business Corporations Act. This designation is used for a branch of a foreign company that is domiciled in a state other than the one in which the company operates. Previously, the term organizational unit was used for this type of branch, but since 2014, when the Business Corporations Act and the New…

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A company can be dissolved for many reasons. These reasons can be on the part of the shareholders or based on a court decision (then it is a forced dissolution of the company). The company may also be dissolved for other reasons, such as the expiration of the validity period, if it was established for a definite period, the achievement of the purpose for…

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If you are planning to stop doing business on a trade license, it is good to know what you need to arrange and what authorities need to be informed about the revocation of the trade. Below we provide a simple guide on how to revoke a trade license. SUSPENSION VS. REVOCATION If you are a self-employed person and have decided to end this type of business,…

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When incorporating a limited liability company or other company, together with the position of the company's founder, you acquire the role of shareholder. However, you can also become a shareholder of the company in other ways than by directly participating in its creation – all you have to do is invest part of your assets in the company. COMPANY…

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If you do not want to start a company and you have decided to do business under a trade licence instead, you will certainly come across the concept of place of business of self-employed person. This is basically the "seat of a self-employed person" and has a lot in common with a company seat. PLACE OF BUSINESS VS. COMPANY SEAT The term place of business…

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SHAREHOLDER Behind the birth of a company and its incorporation, there is always a shareholder. As the owner or co-owner of the company, he or she becomes a member of the general meeting, i.e. the supreme body of the company. Among other things, it elects an important person in the company structure: the executive director. The shareholder has the right…

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Doing business through a registered branch formerly an organizational unit according to the Commercial Code) is one of the ways in which foreign entities can do business in the Czech Republic without having to incorporate a new company. The establishment of a registered branch, its management, and dissolution are less administratively demanding than the…

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News from our blog

21.09.2021

As a foreign entity, you can enter the Czech market in several ways. In this article, we will focus on the two most common. We will talk about what advantages…

Whole article
11.08.2021

There are several ways to combine two companies. In this article we will take a look at the meaning of the terms, which are often confused and overlap with…

Whole article
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