Investor Presentaiton
Types of business entities
The Act on Business Corporations recognises the following
types of business entities:
•
•
limited liability companies
joint-stock companies
general partnerships
limited partnerships
co-operatives including European Cooperative Societies
• Societas Europaea (SE, European Companies)
•
European Economic Interest Groupings (EEIG).
Foreign legal persons may also establish a branch in the
Czech Republic. A branch is not considered a legal entity, but
must nevertheless be registered in the Commercial Register.
The Act on Business Corporations regulates the status and
activities of commercial companies and cooperatives.
A Czech legal person is an entity that has its registered
office in the Czech Republic. Foreign persons are defined as
persons (individuals or legal entities) domiciled abroad or
having their registered office outside the Czech Republic.
A foreign person's authorisation to carry out business in
the Czech Republic takes effect on the date it is recorded in
the Commercial Register. This does not apply to citizens of
the member states of the EU, the EEA or Switzerland, their
family members who have Czech residence permits, citizens
of other states with long-term residence in the EU and their
family members with long-term residence permits.
A foreign person may participate in the establishment of
a Czech legal entity or become a partner or member of an
existing Czech legal entity. A foreign person may also be
the sole founder of a Czech legal entity, provided that Czech
law permits the respective type of a company to have a sole
founder or sole shareholder.
The main characteristics of the various legal entities are
described below.
11
41View entire presentation