ASSIGNMENT of a ready-made (shelf) company - HOW DOES IT WORK?

ASSIGNMENT of a ready-made company - HOW DOES IT WORK?

Assignable READY-MADE companies are normally available with a single managing director / board member and one partner / shareholder.

The basic capital amounts to CZK 200,000 for a limited liability company and 2.000.000, - CZK for a joint stock companies and is always fully redeemed.

The advantage of buying ready-made companies in comparison with establishing a new company, which may take several weeks or months, is the possibility of starting an immediate acting on behalf of the company, i.e. an immediate commencement of your business activities.

Within an assignment of a ready made company the following steps will be carried out:

• Convening and holding of the General Meeting
• Suspension and appointment of a new Managing Director / Board of Directors and the Supervisory Board
• Any change of name and headquarters of the company, distribution of shares / equities
• Signature of an Agreement on assignment of shares / equities
• Signature of a brokerage contract with our company and assignment of all documents and company´ s property if required
• Signature of a contract for the provision of business addresses and related services if required
• Notification of- or arrangements for new trades
• Abstract from the criminal record, Land Registry and Companies Register
• Filing a proposal for registration of changes in the Companies Register

The steps leading to an ASSIGNMENT of your new company

Upon  receipt of your on-line order these steps will follow:

1) In your mailbox you will receive an order form with a request to fill in all required particulars  (names of partners / shareholders and managing directors, company´ s name and address, filing for VAT registration, etc.) and return it to our e-mail address

2) After sending an order form, our staff will contact you over the phone to fix an appointment with a collaborative NOTARY to effectuate payment for your acquired company in cash against the transmission of documents and assets of the Company in terms of accounting

3) Depending on your desired changes in the company, a  dealing with the Notary - General Meeting – will be proceeded in two ways:

• Drawing up a notary deed – in the event that you require such changes in the company, where a notary deed is prescribed by law, such as a change of company´ s name, headquarters outside the City of Prague, distribution of shares / equities to multiple partners/ shareholders, change in the scope of business; please follow the paragraph b). This additional service is charged with an extra fee of 5.000 CZK -
• Holding a General Assembly without a notary deed and the verification of signature of the company´ s purchaser in the relevant documents (filing for registration to the Companies Register, Contract on assignment, statements of representatives of corporate bodies) and abstract of record from Companies Register, Criminal Record and Land Registry

4) Filing for a registration in the Companies Register by our staff and entry of changes into the Companies Register

5) After about 3 to 5 working days you will be notified on entering of all required changes into the Companies Register and invited to collect a new abstract of record from the Companies Register

The company´ s basic capital is assigned only in terms of accounting

The principle of ready-made companies is the fact that they have already paid up a basic capital in full. When buying a ready-made company you purchase shares / equities at face value against obtaining a company´ s basic capital at the cash desk.

For a better understanding please see the following example of an assignment a ready made limited liability company:

You as a new partner buy shares at a price of 200,000 - CZK and our company, in return, transmits you 200.000, - CZK (the capital of the Company's assets) at the cash desk. There is a mutual offsetting of those amounts for accounting purposes, which is carried only in terms of accounting.

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

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