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Doing business in the Czech Republic: What investors need to consider when entering the market

12 Jun 2023

Thanks to its strategic geographic location, stable economy and human capital resources, the Czech Republic is an attractive destination for foreign investors who are planning to enter the European market or expand their businesses to more countries in the region. The Czech workforce is known-to be well-educated, skilled and multi-lingual, consisting of both local and

Insolvency proceedings in the Czech Republic | eBook

10 May 2023

The insolvency proceedings described below is a legal proceeding concerning a debtor’s insolvency or impending insolvency and the method of its solution. Act No. 182/2006 Coll., on Bankruptcy and Settlement (Insolvency Act), governs Czech insolvency procedures.

Limited Liability Company Formation in the Czech Republic: Incorporation and obligations

10 Mar 2023

A limited liability company (in Czech: Společnost s ručením omezeným | s.r.o.) is the most common form of business in the Czech Republic. This company exists independently of its shareholders, and it may be formed either by one person (a natural or legal person) or more persons (the maximum number of persons is not set).

2023 Company Formation in the Czech Republic

10 Mar 2023

Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act. There are no limitations for foreign investors when it comes to setting up companies. A foreign natural or legal person may establish any form of company either

2023 Transfer Pricing Overview for the Czech Republic

10 Feb 2023

Transfer pricing regulations deal with the determination of prices in transactions (e.g. sale of goods, provision of services or provision of loans) realized between economically or personally related companies. The aim is to ascertain that the arm's length principle is met. Download the latest for more details, or read more below: DownloadApplicable legislation Local legislation

2023 Tax Guideline for the Czech Republic

30 Jan 2023

As in previous years, our tax experts have prepared a comprehensive overview of taxation in the Czech Republic. Our guideline provides useful information that shall matter to you when considering doing business in the Czech Republic, therefore we encourage you to or read more below: DownloadLegal forms of business General rules on purchasing of real

Real estate transactions in the Czech Republic | eBook

20 Jan 2023

Even though prices of real estate are steadily increasing in most segments of the real estate market in the Czech Republic (i.e. residential, commercial, industrial), it is still possible to find opportunities for investments with prospect of solid yields in the following years. There was a significant increase of investments to commercial real estate on

Expat tax for the Czech Republic | eBook

19 Jan 2023

Cross-border employment brings a new set of responsibilities when it comes to fiscal obligations. Our overview on the taxation for global mobility in the Czech Republic provides you a comprehensive overview on tax residency conditions, personal income tax, social security and health insurance contributions or penalties for non-compliance. Download our , or check out our

VAT in the Czech Republic | eBook

19 Jan 2023

Affecting both domestic and foreign businesses, a number of actions triggers the obligation to register for VAT in Czech Republic. To provide a basic overview, our Czech experts prepared a comprehensive eBook on value-added tax. Find out more about VAT rates, registration of taxable persons, communication with local tax authorities, compliance and VAT return filing,

VAT calculator for the Czech Republic 2023

18 Jan 2023

Payment options Disclaimer Our calculator has been set for simulation purposes only and might not include all factors that determine the VAT calculation, according to the Czech laws. Accace is not responsible for any person's or entity's decisions taken based on the results of the calculator. Before taking any action, we recommend you to consult

Labour Law and Employment in the Czech Republic – 2023 Guide

9 Jan 2023

Labour law in the Czech Republic regulates the legal relations arising in connection with the performance of dependent work between employees and their employers, labour relations of collective nature and other aspect related to employment. The fundamental principles of labour relations are especially legal protection of employee status, satisfactory and safe working conditions for performance

Tax and other statutory obligations in the Czech Republic | 2023 Calendar

4 Jan 2023

Our tax experts prepared a 2021 Tax Calendar for the Czech Republic full of crucial deadlines. Stay updated to avoid the threat of penalties.

2023 payroll calculator for the Czech Republic

3 Jan 2023

The calculator is set for full-time employees and is meant for general information. It does not take into account the maximum assessment basis for social security contributions, which is monitored on an annual basis. Payment options Disclaimer Our calculator has been set for simulation purposes only and might not include all factors that determine the

Managing payroll and HR in a Czech start-up – 2022 Guide | eBook

2 Nov 2022

At some point, each start-up will reach a point where HR needs to be managed and planned more extensively. Without having proper and functioning payroll, HR management and HR procedures in place, chaos is bound to occur in a company with more people. In addition, it can spoil the previously motivating, enthusiastic and friendly atmosphere,

Beneficial owners in the Czech Republic | eBook

6 Oct 2022

The concept of the beneficial owner is of considerable importance in the fight against both money laundering and the financing of terrorism. The beneficial owner is also verified, for example, in connection with the provision of public procurements, grants, or licenses. In general, it can be said that the purpose of identifying the beneficial owner