Czech Company Formation
Czech Republic is a member of the EU since 2004, and has seized every opportunity to demonstrate their free-market credentials. Now, it offers a welcoming environment for investors. Corporate tax decreased from 26% to 24% in 2006. Some financial incentives for foreign investors include: manufacturing investment have ten years of full corporate tax relief; in technology and business investment, the state pays up to 50% of costs; and substantial job-creation and training grants.
General Requirements:
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Total share capital of CZK 200,000 (€7000), 50% paid up
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Each shareholder to contribute minimum of CZK 20,000 (€700)
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An individual may be sole shareholder in no more than 3 limited liability companies
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A reserve fund from profits to be built up to 10% of registered capital
