Prague

Realtyna Real Estate

  • Increase font size
  • Default font size
  • Decrease font size
Prague, the capital of the Czech Republic, lies right in the heart of Europe, beside Germany, Austria, Slovakia and Poland. The most commonly spoken languages here are Czech and Slovak, though most people in Prague speak English or German, too. Prague has played an important role in the history of the Czech Republic and Europe.
Home Company Formation in Prague

Company Formation in prague

When the client needs to buy a Prague property, Prague apartment, ready – made company is the best solution.
With a ready-made company, client can start his business or buy the Prague property, Prague apartments very quickly / immediately.
Ready-made companies were established just for the purpose of the future sale ( specially for buying Prague apartments ).

Ready-made companies:

  • are recorded in the Commercial Register
  • have their registered capital paid in full
  • have never been involved in trading and are free of all obligations
  • are ready to be fully operational in 24 hours
  • have their registered seat in our prestigious business centres

Ready-made firms advantages compared to establishing new company yourself:
Forming the new company yourself, the preparation of the necessary documentation takes 4 -8 weeks in practice. The following summarizes information about life in Prague, information you need before looking at Prague apartments.

In order to understand the difference between a new and a ready-made company, it is important to note the following legal requirements applying to Czech corporate entities:

  1. The Czech company (limited liability or joint-stock company) is incorporated by the signature of the Memorandum of Association signed by all the incorporators in front of a notary public.
  2. Each company has to have a registered office and, while being registered, it must prove a legal title to this office (rental agreement or a consent of the owner of the premises). This registered office must NOT be a P.O.Box, nor a temporary address serving only for company registration purposes. Before looking at Prague apartments we will help you with answers on company formation.
  3. Each company has to pay-up its share capital to a bank account opened in the Czech Republic - in case of a limited liability - it is CZK 200,000.00, i.e. EUR 6,700.00 approximately)
  4. In case that a Czech company intends to do active business (does NOT apply to companies used only for property holding purposes), it has to define and register its nature of business (business activity) and receive a trade license corresponding to such nature of business. Moreover, with respect to each trade licence, a trade representative must be appointed. He/she must be in a contractual relationship with the company. When looking at Prague apartments you will need this information.
  5. The director of a Czech company (i.e. the person acting and signing on its behalf) may be a foreigner, notwithstanding whether he/she has a residence permit or visa in the Czech Republic. For the purpose of his/her registration as a company director, such person has to present a "clean" police record not older than three months, from the Czech Republic as well as from the country of origin. The latter must be duly certified (by notary public/ apostille depending on the country) and translated into the Czech language by a certified translator. Along with our vast inventory of Prague apartments, you will find information on the city.
  6. The company is registered only if the application form is accompanied (among other) by documents proving that the above conditions were met.

According to the new legislation, the registration of a new company at the Companies Register takes no longer than 5 days, under the condition that all the documentation is submitted to the Companies Register in the correct form and to the full extent. If any of the necessary documents are incorrect or missing, the registration application is rejected. We can help you to discover the perfect Prague apartments by using precise search criteria such as: price, number of bedrooms, type of housing, type of listing, as well as apartment and community features.

In practice, the preparation of the necessary documentation takes 4 - 8 weeks, before buying Prague apartments.

Therefore, the whole incorporation process of a new company might take 2-3 months, if the application is approved at the first attempt.