Comparison of costs and time required to set up and purchase of an s.r.o. (1 founder)

Wondering whether to establish a limited liability company on your own and save a few crowns, have an established company transferred to you, or even have a company founded? We will help you decide. We specialise in the sale of ready-made companies, and the sale of s.r.o. companies tailored to your specific requirements. See for yourself that a ready-made s.r.o. from us is really rewarding.

A limited liability company may be established also by 2 or more fonders. If you want to know more information, read the comparison of costs and time needed for the establishment and purchase of an s.r.o. for 2 and more founders.

“Simple” s.r.o. (suitable for 1 founder)

	Founding an s.r.o. yourself	Transfer of an already founded ready-made s.r.o.
Duty stamp to be paid to the Commercial Register	0 CZK	0 CZK
Duty stamp to be paid to the Trades Register	1,000 CZK	1,000 CZK
Notary’s fee for writing down a notarial deed and a memorandum of association	5,118 CZK inc. VAT	5,118 CZK inc. VAT
Costs of verification of signatures	approx. 250 CZK	approx. 500 CZK
Duty stamp to be paid to the Commercial Register / petition to enter a change	0 CZK	2,000 CZK
Costs	6,368 CZK	8,620 CZK
Price of foundation of an s.r.o. / Purchase of a ready-made s.r.o. from our office	12,900 CZK	14,900 CZK

Time demands

Founding an s.r.o. yourself	Transfer of an already founded ready-made s.r.o.
1 day - writing down a notarial deed in a notary office	1 day – signing all the documents for the sale of an s.r.o.; the client is already leaving as the managing director of the ready-made company, and can open a bank account on the same day! Already on the same day or the following day you may apply for voluntary registration for VAT; you do not have to wait for your registration in the Commercial Register!
1 day - the administrator goes to the bank to open a technical account for the deposit of registered capital; ideally, the registered capital is repaid at the counter immediately; if the funds are transferred to the technical account, the bank will issue a “confirmation” by the next day	1 day – writing a petition and its filing with the Commercial Register
1 day – collection of the “confirmation of the deposit of registered capital” in the bank	5 days – statutory deadline for registration of changes into the Commercial Register
1 - 2 days – submission of a petition for registration to the Trades Licensing Office, including the consent to the placement of the registered office
1 day – submission of the application to the Commercial Register kept by the applicable Municipal Court
5 days – statutory deadline for registration of the company into the Commercial Register
1 day – the managing director goes to the bank to “swap” the so-called technical account to a current account, and can release the registered capital to the current bank account
1 day – filing a petition for registration for corporate income tax with the Financial/Tax Authority (statutory obligation: within 30 days of incorporation)
1 - 30 days – handling registration for VAT (it is necessary to supply detailed documentation, including your business plan, the statutory deadline for settlement is 30 days, if the Financial/Tax Authority requires additional information, it will automatically extend the deadline)
Celkem: Total: At the earliest 10 - 11 working days!	Total: 1 day!

Caution!

The time required for the establishment of an s.r.o. does not include weekends and public holidays.
Only after the establishment of an s.r.o. can you apply for VAT registration, whose processing takes approximately 15 days (depending on the particular Financial/Tax Authority).
Thanks to the purchase of a ready-made company, you can submit your registration for VAT.
Already on the same day as registration you can concurrently address the transfer, without having to wait another five working days before the changes are entered in the Commercial Register.