Companies limited by guarantees
Commonly used for the purpose of the establishment of a non-profit organization that require corporate status. A guarantee company does not have share capital, but instead has members who are guarantors instead of shareholders. The guarantors give an undertaking to contribute a nominal amount towards the winding up of the company in the event of a short-fall upon cessation of business.
As the formation of this type of company is currently not as standardized as s.r.o.'s or a.s.'s, we are unable to provide a set price or timeframe. If you would like more information about the process or obtain a quote, please feel free to contact us.
A branch office of a foreign company is not a Czech legal entity, but functions as the representative of a foreign company and incurs obligations on the foreign company's behalf. Branch offices must fully list their planned activities in their application for registration in the Commercial Register, as they are only allowed to engage in the listed activities. A director, who may be either a Czech person or a foreigner with a valid Czech residency permit, must be appointed to head the branch office. The law under which the branch's parent entity was founded also applies to the branch’s internal dealings. If start-up losses are anticipated, the selection of a branch office may permit the deduction of such losses against the foreign company’s income in its home jurisdiction.
General commercial partnership (verejná obchodní spolecnost – v.o.s.)
This is a partnership, in which at least two persons (can be formed by both individual and legal persons) are trading under a joint trade name, and are liable for the obligations of the partnership both jointly and collaterally with all their property. The partners decide on their investment contributions in the partnership by mutual agreement and are liable for the obligations of the partnership with all their property (assets) not only during the existence of the partnership but also after its dissolution.
Limited partnership (komanditní spolecnost – k.s)
This is a partnership, in which one or more partners are liable for the partnership’s obligations up to the amount of the unpaid parts of their contributions, as recorded in the Commercial Register ("limited partners"), and one or more partners are liable for the partnership's obligations with their entire property ("general partners").
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