Establishment of a Czech company S.R.O. (LLC/limited liability company, corporation)

 

Required time:

KYC, confirmation of required documents, preparation of incorporation documents, notarization, dispatch, etc.: 1-2 weeks

Incorporation registration after documents arrive in the Czech Republic: 2-4 weeks

Opening a bank account: 4-6 weeks

Total estimated time required: 7-12 weeks

 

Minimum capital:

CZK2 million (approximately EUR 80,000)

 

Costs:

1. Company formation (LLC/corporation) costs: EUR 4,000

2. Obtaining importer license and EORI: 2,000 EUR

3. Translation and notarization of company incorporation documents into English: 1,000 EUR

4. Accounting/tax: Starting from 550 euros per month~

5. Appointment of an agent for customs duties: €1,800 per month

6. Opening a bank account: €1,700

7. Other services (customs broker, warehouse, logistics, etc.): A separate quote will be provided after confirming the services.

 

Basic services included:

1. Kft establishment (company registration in person or via POA)

2. Company registration tax

3. Local and international VAT number registration (including EORI)

4. Bank introduction for account opening

5. English-Hungarian translation

6. Registration of the representative's personal tax number and social security number

7. Provision of company registered address (for the first year)

8. Mail management service (for the first year)

 

Required documents:

(Individual)

1. Copy of the shareholder/director's passport

2. Proof of address of the shareholder/director (English certified copy)

3. Identity verification

4. Fill out the application form for establishment

 

(Corporation)

Corporate documents (business registration certificate and others) Apostille notarization + Czech translation notarization

(* This can be done through an administrative agent affiliated with CJ, and prior confirmation is required upon request)

 

(Establishment documents)

Establishment documents and POA documents are notarized by visiting the Czech Embassy in Korea.

 

 

Important points to note:

1. Opening a bank account varies by bank, but you usually have to visit the bank to open an account. Depending on the bank, companies whose sales exceed 3 million euros in the first year may be able to open an account without visiting the bank.

 

2. Recently, there are many cases where EMI (electronic bank) non-face-to-face account opening is being carried out, but since the transaction fee is higher than that of banks, we recommend using a bank account if you are trading large amounts. (You can open an initial EMI account first and then open a bank account later.)

 

3. If the shareholder is a Korean corporation, the corporate documents must be notarized with an apostille and then translated and notarized into Czech. Usually, only the business registration certificate is notarized, but additional documents may be required depending on local regulations.

 

4. Once all the documents are ready, you can send them to our Korean office. After double-checking at the Korean office, the product will be shipped to the Czech Republic.