Investor Presentaiton

BRANCH OF A FOREIGN PERSON (pobočka zahraniční osoby/odštěpný závod) • 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). The liability of a founder of a branch is not limited since a branch is not an independent entity. Requirements for financial statement audits are the same as for a limited liability company. 45

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