Basic information on READY MADE JSC (SHELF JSC)

Profispolečnosti.cz holds in its portfolio a broad range of pre-established so-called "ready-made" joint stock companies fit for sale which: 

• Ready-made companies were established for the sole purpose of reselling them
• Are registered in the Companies Register
• Have redeemed 100% of the basic capital
• Have no business history
• Have TRADE LICENCE for free trade
• Have no debts or liabilities
• You can start acting on behalf of such a company within 24 hours of after expressing your interest in buying

To avoid any confusion or delays in the assignment of the company, please see below the basic information about documents and background papers that we will need both for the assignment of ready-made companies and subsequent filing for registration of changes into the Companies Register or for further processing of related requirements.

Information on the documents and background papers required for the assignment of READY MADE joint stock company (JSC)

"... It is an explanation of basic concepts and information that you should fill in the order form ." ... if you have advanced knowledge of the legal field, skip this section ..."

Change of a business name of a company

A name of the ready-made company can be either changed or retained the existing one. If you decide to change the name of a ready-made company, you should pay a particular attention to avoid registering the same or interchangeable name with those, which are already registered in the Companies Register (you can check on www.justice.cz). A possible change of name becomes effective upon its entry into the Companies Register. Until then, it is necessary to use the original one.

Headquarters

If you change the headquarters to your own address, it is necessary to prove the consent of the property owner with the location of the seat and an abstract from record of the Land Registry not older than 3 months (these documents will be prepared by our company).

Of course there is a possibility to maintain the headquarters at our address (Primátorská 38, 180 00 Praha 8) for a fee 990, - CZK per month.

Expansion of the business scope

All our companies are registered in the Companies Register as free trades, i.e. manufacture, trade and services not specified in Annexes 1-3 of the Trade Law with scope of activities:

• Brokering services
• Wholesale and retail trade
• Accommodation Services
• Provision of software, consulting in the field of information technology, data
• Processing, hosting and related services and web portals
• Services of information and news agencies
• Real estate agency, property management and maintenance
• Leasehold and renting of movables
• Advisory and consulting services, specialized studies and reports
• Advertising business, marketing, media representation
• Services in the field of administration and organization
• Operation of travel agencies and tour operators in tourism
• After-School training and education courses, training, including teaching
• Running cultural, educational and entertainment facilities, organization of cultural productions, entertainment, exhibitions, fairs, shows, sales and special events

Business subject can be arbitrarily expanded or reduced within the framework of the General Meeting during the assignment of a company. However, it is important to note that the authorization to do business in the given area comes into being only after an announcement of the trade at the Trade Office.

In the case of operating regulated / licensed crafts by a legal body, a responsible representative is required by law. No one can be appointed to the position of a responsible representative acting on behalf of more than four entrepreneurs (§ 11 of Act 455/1991 Coll., on Trade Licensing) as amended).

The scope of business can be extended by the following activities:

• živnosti volné
• živnosti řemeslné
• živnosti vázané
• živnosti koncesované

Documents required for the person of a responsible representative:

Statement by a responsible representative pursuant to § 46, paragraph 2, letter g of Act 455/1991 Coll., on Trading (with a certified signature), in case of a craft trade, regulated trade or licensed trade, it must be accompanied by documents verifying an appropriate education and experience (original documents or certified copies)

Shareholders

A shareholder may be both a natural or legal person. If the shareholder is a natural person, we need to know: 

• Name, surname, personal identification number (date of birth for foreigners), address of permanent residence
• Amount of shares

In the event that a shareholder is a Czech legal entity:

• Business name, ID, address, abstract from record of the Companies Register not older than 3 months
• Number of shares acquired

In the event that a shareholder is a foreign legal entity:

• Current abstract of record from the Companies Register or similar document issued by the competent authority in the country, where a company has established. That document must clearly show who is entitled to act on behalf of the company and that the company exists. The document must also be translated to Czech language by a legal translator, bearing an Apostille, if required
• Number of shares acquired

In the event of a sole shareholder of a joint stock company, such a sole owner must always be entered in the Companies Register.

Shares

Our ready-made joint stock companies have all their shares in a documentary bearer´ s form. The Company issued in total 20 shares, each with a nominal value of 100.000, - CZK.

Statutory Authority - Board of Directors

Board of Directors of the joint stock company has normally at least 3 members, this does not apply if the company has a sole shareholder; and then it may have only one member. A member of the Board of Directors of the joint stock company may only be a natural person. It is not required to reside in the CR, not even in the case of non-EU citizens. Acting on behalf of the company may start immediately after the decision of the General Meeting even if new members have not yet been registered in the Companies Register.

Board member - citizen of the CR:

• Name, surname, birth certificate number, residential address
• Abstract from Criminal record of the country of origin, not older than 3 months translated by the legal translator into the Czech language with an Apostille, if required
• Affidavit and signature specimen (officially certified signature)

Supervisory Board

Joint-stock company shall set up the Supervisory Board, which must have at least 3 members. Number of members of the Supervisory Board must be divisible by three. A member of the Supervisory Board of the joint stock company may only be a natural person. It is not required to reside in the CR, not even in the case of non-EU citizens.

Member of the Supervisory Board - a citizen of the CR       

• Name, surname, birth certificate number, residential address
• Abstract from Criminal record of the country of origin, not older than 3 months translated by the legal translator into the Czech language with an Apostille, if required
• Affidavit and signature specimen (officially certified signature)
• Member of the Supervisory Board - a citizen of the EU
• Name, surname, birth certificate number, residential address
• Abstract from Criminal record of the country of origin, not older than 3 months translated by the legal translator into the Czech language with an Apostille, if required
• Affidavit and signature specimen (officially certified signature)

Member of the Supervisory Board - non-EU citizens 

• Name, surname, birth certificate number, residential address
• Abstract from Criminal record of the country of origin, not older than 3 months translated by the legal translator into the Czech language with an Apostille, if required
• Abstract from Criminal record of the CR, not older than 3 months
• Affidavit and signature specimen (officially certified signature)

In the event that either the Board of Directors or the Supervisory Board elects from among themselves a Chairman or a Vice-Chairman, it is necessary to designate a particular member of the respective body and its future role.

It is necessary to choose whether the Board members act on behalf of a company either individually or only jointly.

Registration for VAT

The company is not at the time of sale registered as a payer of value added tax. At your request, we shall file for a voluntary registration for VAT.

„If you have any questions, please contact us.“
JUDr. Jakub Maur, executive

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