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Limited Liability
A limited liability company is known in the Czech Republic as a "Spolecnost S Rucenim Omezenim" - commonly referred to as an "s.r.o".
Some key points of an s.r.o. include:
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Does not issue shares
Minimum basic capital is 200,000 CZK
Corporate governance is simpler than a joint-stock company
A Board of Directors is not required
The statutory body is made up of one or more Executive Directors
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An s.r.o. established solely for the purpose of owning real estate is unique in the following aspects:
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It does not require a business license.
As no business license is required, neither is the associated "responsible person".
As it will not be a trading company, the risk of accruing liabilities is minimized for the Executive.
The registered address can become the property that is being purchased and hence there is no need to pay for a "registered address".
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An s.r.o. established solely for the purpose of operating a business is unique in the following aspects:
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Requires the appropriate business licenses in order to trade.
As a business license is required, so too is "responsible person", who is responsible for proper performance of the trade.
The business will also require a registered address. We can provide this if required for a minimal fee (6,000 CZK per month).
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Contact us for further information on any of the above company form.
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