Trade licenses

Starting January 1, 2027, the electronic sales recording system will return —this time under the name EET 2.0. The government promises less paperwork and the option to send payments directly via cell phone, for example. Find out if EET 2.0 affects you, which specific payments are subject to recording, and when it’s worth your while as a flat-rate…

Most people imagine starting a business as a simple process: you fill out a form, get a business ID number, and you’re ready to start invoicing. In reality, however, you’re constantly communicating with government agencies, keeping track of deadlines, and responding to requests. Read on to find out where new entrepreneurs (self-employed individuals…

Whether you’re starting your first sole proprietorship or limited liability company (s.r.o.), or simply want to optimize your business expenses, choosing a business address is one of the most important decisions you’ll make. A virtual office is a modern way to get a professional address, save thousands of crowns a month, and ensure privacy in your…

Do you want to start a business in the Czech Republic and are a citizen of another country? Don’t forget to set up your social security and health insurance. The process for self-employed foreigners to register for social security and health insurance differs in several ways from that for Czech citizens. Find out how to do it to avoid…

Renting and selling real estate can generate attractive income, but it’s important to ensure that your business license, taxes, and VAT are properly set up. We’ll explain how long-term rentals, short-term accommodations, and the work of a real estate agent differ in this regard. What you’ll learn in this article: Three ways to start a real…

Do you file your own personal income tax return? By correctly claiming tax credits and deductions, you can save significantly on your income tax. We’ll explain the difference between tax credits and deductions, how to claim them, and what documentation you’ll need to provide. Article contents: The Difference Between Tax Deductions and…

The year 2025 brought new rules for cryptocurrency taxation and introduced a value and time test for tax exemptions. Make sure you properly record your income from cryptocurrency transactions—such as holding, exchanging, or selling—so you can be certain whether and how you need to pay taxes on them. Cryptocurrencies are a hot topic and, following…

Millions of Czechs file their personal income tax returns (DPFO) every year. However, many of them don’t know how and when to file them correctly. That’s why we’ve summarized the most important rules for you. Read the most important facts: When should you file your tax return? Who is required to file a tax…

A reliable accounting partner isn’t just an expense—it’s an investment that gives you peace of mind and time to grow your business. When you’re just starting out as a self-employed individual, an Excel spreadsheet might suffice, but once you register for VAT, the rules of the game change. How can you spot a professional who will keep track of…

Are you planning to start a business as a self-employed financial advisor or insurance broker? We will guide you through the necessary authorizations, obligations towards the Czech National Bank, and tax and contribution settings—all in a clear manner and without unnecessary paperwork. What you will learn in this article: Financial advisor…

As self-employed persons, you must monitor the proper payment of contributions yourself. However, it is easy to get lost in the flood of regulations – that is why we have prepared an overview of the basic obligations and current amounts for 2026 for you. What you will learn in this article: Mandatory contributions at a glance …

Are you starting a business and hesitating how to tax your income? In the Czech Republic, there are several methods - tax registration, accounting or lump sums for self-employed persons. We have a complete overview to help you choose the best one for you, so you don't pay more in taxes than you have to! Ways of taxing the income of self…

Running a business as a sideline is an ideal option for anyone who wants to earn extra money for their studies, employment or even maternity leave. Compared to your main gainful activity, it brings a number of advantages - you pay lower taxes and often do not have to pay social security and health insurance contributions. What are the other…

You pay one amount each month, which includes social security, health insurance and income tax. The flat-rate tax has relieved you of annoying paperwork so you don't have to worry about tax returns. But don't rejoice prematurely - it doesn't always apply! Find out which exemptions to look out for. Flat-rate tax and tax returns - when to…

The flat tax for entrepreneurs promises less administration from 2021 onwards – but it will only pay off for some. The following lines will help you find out whether you can become a taxpayer under the flat-rate regime. You will also learn about the amount of payments for individual bands, all conditions, deadlines, and how to apply for the flat…

Deciding whether to be employed or to embark on a career as an entrepreneur doesn't usually come overnight. Sometimes circumstances lead you to it, other times you may already be running a business on the side and wondering if you should start a full-time business. Whatever the reason you're considering a change, it's worth knowing how a trade and…

Are you in business and looking to finance your own home or investment property? Banks are stricter on business income and often want more documents than they do for employees. What do they really look for, how do they differ, and why will your choice of approach and institution significantly affect your chances of approval? Get an overview of how…

Are you going to close your self-employed business and cancel your VAT number? Read our guide on how to cancel a trade licence. We'll advise you on what to look out for, what to do and which authorities to notify that you are quitting your business. The difference between discontinuing and ending a trade First, think about whether you really…

Do you need to take a break from your business, either for another job or a change in priorities? It is not necessary to close your business straight away. A temporary break is much more practical. When you want to start again, just renew it and you can continue as self-employed. See how a business break works and what you need to do it. Suspend…

An electronic signature works like a digital ID card. It can verify your identity, ensure the legal validity of documents and protect digital documents from forgery. For businesses, it saves time, reduces costs and enables them to sign contracts from the other side of the world. What you will learn in this article: When do you need a digital…