Investor Presentaiton
Limited liability company (společnost
s ručením omezeným - spol. s r. o. or
s. r. o.)
- The company must have at least
=
CZK 1 of registered capital.
―The list of shareholders, the amount of
each shareholder's contribution and the
names of the members of the supervisory
board (if one is established) must be
recorded in the Commercial Register.
The law allows the creation of different
kinds of shares. Shares to which the
same rights and obligations are attached
form one kind of share. Shareholders
may own more than one share and
also different kinds of shares.
The shares of a shareholder may
be represented by a common share
certificate (kmenový list). However,
such a certificate cannot be in the form
of a registered certificate and may
not be publicly offered or admitted to
trading on the regulated market.
A supervisory board is only
necessary if required by the
memorandum of association.
- The general meeting appoints an executive
(jednatel) or executives, who are legally
responsible for the management of the
company and whose details, including
information on their authorisation to
act on behalf of the entity, must be
recorded in the Commercial Register.
- A legal entity may also be
appointed as the executive.
- A limited liability company does not
require an audit unless two or more of
the following criteria are met, for both the
year in question and the preceding year:
- net turnover exceeds CZK
80 million per annum;
― total assets exceed CZK 40 million;
the average number of
employees exceeds 50.
― Establishment takes around 1 month
from providing all necessary
documents and information.
Joint-stock company (akciová společnost -
a. s.)
Registered capital may not be less
than CZK 2 million or EUR 80,000.
Non-cash contributions to registered
capital must be valued by an independent
expert proposed by the founders (when
a company is being established) or the
company (registered capital increase). The
valuation is binding on the company.
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