1. Setting up a new business in the Czech republic

2. Content of this lecture: Overview of types of business in CR Bureaucratic hurdles Comparison with Portugal and the UK

3. Content of this lecture: Overview of types of business in CR Bureaucratic hurdles Comparison with Portugal and the UK

4. Types of business Limited liability company Branch of a foreign company Joint-stock company Partnerships

5. Types of business Limited liability company Branch of a foreign company Joint-stock company Partnerships

6. Limited liability company Společnost s ručením omezeným (s.r.o.) A company owned by up to 50 shareholders No shares issued, but details entered in Commercial Register Liability of individual shareholders protected from debts of company Headed by at least one Executive Starting capital CZK 200,000 (approx. €8,000) Must be licensed to trade in a particular activity

7. Types of business Limited liability company Branch of a foreign company Joint-stock company Partnerships

8. Branch of a foreign company Organiyační složka (o.s.) Not recognised as a separate company Headed by the Branch manager Must register in the commercial register

9. Types of business Limited liability company Branch of a foreign company Joint-stock company Partnerships

10. Joint-stock company Akciová společnost (a.s.) Issues share certificates to its’ owners Headed by the Board of directors under supervision from the Supervisory body 1 / 3 rd Supervisory board elected by workers (if more than 50) Start-up capital CZK 2 million (approx. €80,000) Must be licensed to trade

11. Joint-stock company Akciová společnost (a.s.) Issues share certificates to its’ owners Headed by the Board of directors under supervision from the Supervisory body 1 / 3 rd Supervisory board elected by workers (if more than 50) Start-up capital CZK 2 million (approx. €80,000) – or CZK 20 million (€800,000) Must be licensed to trade If shares offered publically

12. Types of business Limited liability company Branch of a foreign company Joint-stock company Partnerships

13. In general: –A group of people working together under the same name. Three types: –General partnership (Veřejná obchodní společnost) –Limited partnership (Komanditní společnost) –Silent partnership (Tiché společnostvi)

14. Content of this lecture: Overview of types of business in CR Bureaucratic hurdles Comparison with Portugal and the UK

15. Bureaucracy Commercial code Stock exchange Trade licenses Commercial register

16. Content of this lecture: Overview of types of business in CR Bureaucratic hurdles Comparison with Portugal and the UK

17. Thank you! Details are on my website: http://www.richardinprague.eu