Doing business in Czech Republic

[Interesting]

Czech Republic has a corporate tax rate of 19%. Companies that operate under VAT have to pay tax on purchases at 21%. Certain services, like those related to foodstuffs (excluding essential child nutrition),some of the soft drinks, take away food, water supplies, medical equipment for disabled persons, children's car seats, and others, benefit from a 15% VAT rate.
Popular company applications
Czech corporate structures are mostly used for:

• Trading company
• Local branch office
• VAT Company
• Ready-made company

Corporate Registration requirements
Requirements for registering a company in Czech Republic include:

• Requires at least 1 director
• Requires at least 1 shareholder
• Minimum share capital 1 CZK

 

[kenziereb]

First of all you need to get acknoledged with all EU regulations!

 

[gormaljiep]

It's not something I would do!

 

[Abrahamus]

Hey there, are you from EU, USA or UK? From what I know, doing business in Czech Republic is safe and quite profitable. In comparison with other European countries, the regulations are less rigid. But it depends a lot on what exactly you’re willing to do. I’m pretty much sure that IT industry and everything related to finances is a good idea, and it’s worth investing in it. But better consult a lawyer. Check out this company: rajwans, and see what they’re going to tell you. Best of luck with the business!

 

[Koler]

thank you for the information, useful for people who want to start business in Czech republic