Investor Presentaiton

THE COMMERCIAL REGISTER A company that is not a branch has an independent legal personality and is entitled to commence business activity in the Czech Republic only after registration in the Commercial Register. Courts have to register a new company in the Commercial Register within five business days after the delivery of a defect-free application. A registration of a newly established company may also be undertaken by a notary. Access to the Commercial Register is freely available on the internet (www.justice.cz; http://www.info.mfcr.cz/ares/). 47

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