Basic information about ESTABLISHING - FOUNDATING a Joint Stock Company (a.s.)

A Joint Stock Company is in practice used mainly in need of a separation of company owners - the shareholders and its management - the Board of Directors. Its popularity is due to a certain prestige in the trade relations and the possibility of obtaining funds from the wider public.

The process of establishing a Joint Stock Company is quite complex and time-consuming exercise. The joint-stock company in the Czech Republic takes on average 1-3 months time, depending on the number of necessary procedures and the type and complexity of the company.

Pokud využijete služeb naší společnosti, jsme schopni Vám garantovat zápis nové as do obchodního rejstříku již během deseti pracovních dnů. K založení akciové společnosti je ale nejdříve dobré porozumět alespoň základním otázkám, které se takového založení týkají a informací, které od Vás k založení as budeme vyžadovat. If you use the services of our company, we are able to guarantee the registration of a new Joint Stock Company in the Companies Register within ten working days. When establishing a Joint Stock Company you need first to understand at least the basic issues concerning the establishment and information that we will require from you for this purpose.

Information on the documents and documentation required to establish JSC

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

Company´ s name

Before deciding upon a name of your company, you have to avoid registering a company´ s name that would be identical or interchangeable with another one, which is already registered in the Companies Register (you can check on www.justice.cz).

Headquarters of the Joint Stock Company

In the event that you choose your own address as a company´ s headquarters, 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 our headquarters at Primatorska 38, 180 00 Prague 8 for a fee of 390, - CZK per month.

Scope of Business of Joint Stock Company

Permission to conduct business in this field arises upon an announcement of the trade at the Trade Office. In the event of operating regulated / craft / licensed trades by a legal person a responsible representative is required by law.

No one can be appointed to the position of a responsible representative for acting on behalf of more than four entrepreneurs (as amended § 11 of Act 455/1991 Coll., Licensing).

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

The following documents are required from a responsible representative of a Joint Stock Ccompany:

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

Shareholders

A shareholder may be both a natural or legal person. If a 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 partner is a Czech legal entity:

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

In the event that a partner 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 been established. That document must clearly show who is entitled to acting on behalf of the company and that the company exists. The document must also be translated to the Czech language by a legal translator, bearing an Apostils, if required.
• Amount of shares

In the event that there is a sole shareholder, it always must be registered in the Companies Register.

Shares

When establishing a Joint Stock Company you can always select a type and form of shares. You can issue shares either registered or bearer´s shares in a documentary or quoted form.

Statutory Authority of Joint Stock Company - the Board of Directors

A member of the Board of Directors of the Joint Stock Company stock may only be a natural person. Není vyžadován trvalý pobyt na území ČR, a to ani v případě jde-li o občana zemí mimo EU. It is not required to reside in the CR, not even in the case of non-EU citizens.

Member of the Board of Directors of the Joint Stock Company - citizen of the CR

• Name, surname, birth certificate number, residential address
• Abstract from Criminal record of the CR not older than 3 months
• Affidavit and signature specimen (officially certified signature)

Member of the Board of Directors of the Joint Stock Company - 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 Apostils, if required
• Affidavit and signature specimen (officially certified signature)

Member of the Board of Directors of the Joint Stock Company - non-EU citizens

• Name, surname, birth certificate number, residential address
• Abstract from Criminal record both of the CR and country of origin, not older than 3 months, moreover an abstract from the country of origin translated by the legal translator, with Apostils if required

Supervisory board of the Joint Stock Company

The Joint-stock company is obliged to set up the Supervisory Board, which must have at least 3 members. Members of the Supervisory Board must be divisible by three. Členem dozorčí rady akciové společnosti může být pouze fyzická osoba. A member of the Supervisory Board of the Joint Stock Company may only be a natural person. Není vyžadován trvalý pobyt na území ČR, a to ani v případě jde-li o občana zemí mimo EU. It is not required to reside in the CR, even if in the case of non-EU citizens.

Member of the Board of Directors of the Joint Stock Company - citizen of the CR

• Name, surname, birth certificate number, residential address
• Abstract from Criminal record of the CR not older than 3 months 
• Affidavit and signature specimen (officially certified signature)

Member of the Supervisory Board of the Joint Stock Company - 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 Apostils, if required

Member of the Supervisory Board of the Joint Stock Company - non-EU citizens

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

In the event that the Board of Directors or the Supervisory Board of the Joint Stock Company shall elect from among themselves a Chairman or a Vicechairman it is required to designate a particular member of the respective body and its future rolePoslech

Registration for VAT

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

Basic capital

You can determine the amount of a basic capital, the minimum amount of the basic capital of the Joint Stock Company is 2,000.000. CZK

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

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