Before visiting the authorities, it is important to think about the company name and other details. Among other things, it should be original, easy to remember, shorter rather than longer, and different from competitors. Other key points include the selection of partners. Whether you are going to do business alone or with someone else, you need to think about it before founding the company. Research shows that the best way to start a company is with two founding members. The location of the business is also important; each company must have its headquarters, which does not need to be a production site, but must be in the Czech Republic. The contribution of share capital is highly controversial. How much is enough to establish a company?
If you decide to start a company, you must go through the many procedures required to start a business. First, one must decide what legal form to take. With regard to incorporation, it is easier to apply for a self-employed person than for a limited liability company. Therefore, there are differences in the form of the corporation. For example, when forming an LLC, a start-up entrepreneur has to deal with about 21 documents. Surveys show that more and more entrepreneurs are turning to professional firms to incorporate their companies to avoid the lengthy process.
Before incorporation, one must first visit a number of offices. This includes trade licensing offices to process trade permits for related businesses. Land Registry, Finance, Health Insurance, Czech Social Security Administration, and Banks. Other requirements include no criminal record.
–For trade offices, in addition to the required trade permit, there are other documents that must be submitted, such as experience in the field in which you want to operate, an extract from the commercial register, proof of title from the Land Registry.
–An extract from the commercial register, an application for corporate registration, and a certificate of opening a business account issued by a bank must again be submitted to the tax office. In addition, an application for registration of an entrepreneur in the commercial register must be submitted with the required documents.
