Investor Presentaiton
Only unlimited partners are permitted
to manage the partnership.
Audit requirements are the same as
for a limited liability company.
Co-operative (družstvo)
Co-operatives are formed by at
least three members, either legal
entities or individuals, to undertake
business activities for the economic
or social benefit of their members.
Members are not liable for the obligations
of the co-operative; however, the
co-operative may demand contributions
from its members to cover losses.
- Audit requirements are the same as
for a limited liability company.
Branch of a foreign person (organizační
složka zahraniční osoby)
· Branches of foreign businesses can
conduct business activities in the
Czech Republic if they are registered
in the Commercial Register.
-The entry in the Commercial Register
must include details about the activities
of the foreign business and its office
in the Czech Republic, the scope of its
business activities and the name and the
address of its director (general manager).
A branch must obtain a trade licence from
the regional Trade Licensing Office.
―The liability of a branch is not limited.
- Audit requirements are the same as
for a limited liability company.
Company formation procedure
memorandum of association;
obtention of trade license;
- contribution payment;
- registration in Commercial Register.
A company is formed after a founder's deed or
a memorandum of association has been com-
pleted and signed. Limited liability companies
and joint-stock companies must provide these
documents in the form of notarial deeds.
After the founder's deed or memorandum of
association has been signed and filed, the fu-
ture executives of the company must register
their trade licences at the Trade Licensing Of-
fice and obtain the documents necessary to
register the address of the company.
The company's founders also need to name
a contributions administrator, who will be re-
sponsible for proving to the Commercial Reg-
ister that the contributions to the registered
capital have been paid up by the shareholders.
35View entire presentation