Czech Republic today - is a developed nation, whose economy is built on the principles of an open free market. Experts predict bright future economy of the Czech Republic. Their forecasts are based on the state legal system, attracting foreign investment firm guarantees safety of their investments, the development of the country's infrastructure, the available skilled workforce and its low (compared to European standards) price.
Acquisition of businesses
To implement your business plans in the Czech Republic does not necessarily have a huge amount of money. Approximate minimum size of investment will amount to 50 000 - 70 000 euros, including costs of paperwork and purchase apartments for families. Agree - it is plausible enough for any other country to which the proposed business immigration or residence. Return on investment on the business plan for 3-5 years. Some undeniable advantages for the implementation of this business plan: a favorable business environment legislation, the smaller the risk of conflict with the criminal world, a stable currency, etc. Of course, there are people whose business in the Czech Republic ended in failure. But we should not forget that this result can be achieved anywhere in the world, including at home and in the most fantastically conducive to business in the country. For successful business is not enough to invest their money in the Czech Republic at all, the first-encountered business. If anyone is not going to do first is to determine and calculate what you will get. In this case, though, to explore the local market, industry-related business' future, to determine the probable profitability of the enterprise is going to buy, read the relevant laws, and language has a value. And of course, the success must be competently run their business. The task is not simple and for a businessman with experience. To facilitate this task, our company can provide consulting services.
Business and licensing
The field of business is regulated primarily by two laws - the Law on Business and Commercial Code. First of all, we note that his business activities may be any person over 18 years of age, legally capable, and convicted. The Act explicitly states that foreigners have in terms of entrepreneurial activity the same rights as citizens of the Czech Republic.
Business divided on the Law:
- Professional
- Special
- Free
By law you can carry one or more types of business. For each type of activity requires a license.
In addition to licenses to engage in professional business, the law requires a certain minimum qualifications. It is a certificate of course completion of a relevant profession or professional courses, or certificate of graduation from professional school, or high school diploma in the relevant specialty, or certificates of proficiency in the practice of the profession from 1 to 6 years, depending on the type of activity.
The same applies to the special business, only in this case you will be required to make qualifying certificate for one or another specialty. The Act lists 55 types of professional and 45 species of special business. In the realm of professional business include, for example, hairdressing and beauty services, operation of food, jewelry work and services of the photographer. Among the special business - driving instruction, guide services, massage and solarium, care for children up to three years, etc.
Free enterprise is the same, which does not require evidence of professional or special qualifications. Our fellow citizens are engaged in the Czech Republic mainly the sale of goods, brokering, providing services in the form of real estate transactions. There are differences in how to obtain licenses for companies and private entrepreneurs.
Income received from a business or from other sources in the Czech Republic, shall be taxable only in the Czech Republic. It is set by the Convention of 17.11.1995, on the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital.
Types of commercial companies
The most common legal form of companies registered in the Czech Republic (and not just our citizens) is sro, an analogue of our limited liability company (LLC). The Code also provides for such forms as joint stock company and cooperative. Specific legal forms are the so-called "open commercial company" and "Limited partnerships. Under Czech law, the founders of a limited liability company may be from one to fifty people, the minimum registered capital of two hundred thousand crowns, while the proportion of each founder should be not less than twenty thousand crowns.
The minimum authorized capital of JSC is 20 million kroons, and for the company 2 million kroons. Extract from the Commercial Registry (organ, registering the company in the Czech Republic) is a certificate of registration of the firm.
