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.


Business is booming; are you looking for opportunities for further growth? The solution may be to switch from a self-employed person to a limited company, i.e. to transfer your business from a natural person to a legal entity. We will advise you on how to make the change. Setting up an LLC and the subsequent change of business form is a minor…

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Starting a business also involves initial investment. In addition to depositing the share capital, you need to complete several administrative steps to get your company off the ground. Most of these formalities are chargeable, so the establishment of an LLC will cost you several thousand crowns in total. What do I need to do and what are the…

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Setting up a company in the Czech Republic involves a lot of administration. The whole process here takes even twice as long as in other developed countries. That's why it's good to have an overview of how to proceed. The procedure for setting up a limited liability company. Setting up a limited liability company takes time and patience. However,…

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Thanks to the amendment to the Accounting Act, from 2022 you can ask the tax office to forward your company's financial statements to the registry court, which will publish them in the collection of documents. Would you like to take advantage of this possibility and make your work easier? Find out how to do it. What are the financial statements…

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With high inflation, every extra crown is useful. You can support your family budget even if you already have a job. Just start a business as a "side job". Find out what it takes. What are the options? Running a business while working is not difficult in the Czech Republic. Apart from your time and effort, you only need to complete a few…

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You have drawn up the articles of association and registered the company in the Commercial Register (OR) - unfortunately, the paperwork associated with the new Ltd. does not end there. You will soon be facing other administrative and tax obligations. We will help you navigate them. Tax obligations One of the first administrative necessities you…

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Some of the costs of your business affect your income tax base and therefore the amount you subsequently pay to the state. However, other cost items will not affect the tax calculation. We have prepared a summary to help you understand the issues. How to know which costs are tax deductible? When preparing your income tax return,…

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Paying taxes pleases few. Not only are you obliged to pay part of the money you earn to the state, but you don't miss out on the paperwork and possible checks. So you may wonder why anyone would volunteer to pay any tax. In the case of VAT, the answer is obvious - for many companies it pays. Are you one of them? And how do you voluntarily…

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Are you planning to start a business? To start a company, you need a memorandum of association, which regulates the basic organisation of the company. Read on to find out exactly what it is and what it must contain. What is a memorandum of association? A Memorandum of Association is a document that establishes a company or cooperative…

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Do you want to start doing business in the Czech Republic and you’re a citizen from another country? Don’t forget to take care of social security and health insurance. Compared to Czech citizens, registering for SS and HI as a self-employed foreigner comes with a number of specifics. Learn how you can avoid any complications. Duties, insurances,…

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Do you own a company that is doing well and would you like to cash out your profits? Don't forget about taxes! How much money can you pay out as a company owner? Every entrepreneur carries out an economic activity with the aim of making a profit, which is also implied by law. If you own a limited liability company, a joint stock…

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Do you dream of opening your own confectionery or car repair shop, but don't have a degree in the field? Don't despair - just make an appointment with someone who does. In fact, you can do business without school or work experience through a professional guarantor. Learn how to do it. Who is the responsible representative? The…

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Do you have an interesting business idea or do you believe you can sell your skills better on your own than on a temporary job? Start a business while you study! You can easily handle the business license and a few administrative steps. Start your career now and gain valuable practical experience before you collect your school leaving…

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The establishment of a company also entails tax obligations. The first step in this area is to register the company for income tax. Learn how to do it and what else to look out for. Basic facts about VAT Corporate income tax (CIT) is compulsorily paid to the tax office by every legal entity doing business in the Czech Republic.…

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What does it mean that a company or self-employed person is a VAT payer, how to register for VAT and when is it worthwhile? Find out the answers to these questions in the article. Who is a VAT payer? A VAT or value added tax payer is a legal or natural person who can purchase goods or services at a "discount" for the purposes of their…

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Starting a company requires a lot of paperwork, but that's what we're here for. Are you thinking of using our LLC formation service and wondering how the whole process works and what to prepare for? Find out in this article. What awaits you if you decide to start a company with us: Submitting the form. On the company…

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There are several formalities involved in starting a business - among them the determination of the company's registered office or trade. However, you often cannot do without the consent of the owner of the property in question. Read on to find out what to think about before registering. WHY DO YOU NEED CONSENT FOR THE LOCATION OF THE REGISTERED…

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Doing business through a branch plant (formerly an organizational unit) is one of the forms of business of foreign persons in the Czech Republic without the need to establish a new company. The establishment of a branch plant, its administration and dissolution is administratively less demanding than the establishment, administration and dissolution…

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It is not difficult to set up a business in the Czech Republic - that is probably why almost every fifth person in the Czech Republic is in business. You just need to meet a few legal conditions. See which ones. In the previous article, we discussed the process of setting up a trade. Today, we'll take a closer look at the steps that are worth…

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In commercial corporations, there are several ways of guaranteeing the debts and obligations of the company, including the so-called equity guarantee. Who is self-insured in a business and how does it work? Find out in the article. In legal terminology, liability refers to the performance of another person's obligations; in the case of a…

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