Starting a business in the Czech Republic

Legal Forms of Companies

Společnost s ručením omezeným or SRO (Limited Liability Company)

Number of partners: No minimum.
Maximum: 50.
Capital (max/min): CZK 1
Shareholders and liability: Partners' liability is limited to the amount contributed.

Akciová společnost or AS (Public Limited Company)

Number of partners: No minimum: one or more; can be a sole proprietorship.
Capital (max/min): Minimum CZK 2 million when established without public bid and at least 20% must be released before the constituting general meeting. Minimum CZK 20 million with public bid.
Shareholders and liability: Liability is limited to the amount contributed.

Veřejná bchodní společnost or VOS (General Partnership)

Number of partners: At least 2 natural partners.
Capital (max/min): No minimum capital requirement.
Shareholders and liability: Liability is unlimited for all partners.

Limited Partnership (KS)

Number of partners: At least 2 partners: 1 active partner and 1 sleeping partner.
Capital (max/min): No minimum capital but the input of the partner with limited liability must be at least CZK 5,000.
Shareholders and liability: Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.

The Competent Organisation

Ministry of Industry and Trade

Czech Trade Inspection Authority

Company Directories

Portal Justice

Source: Doing Business, 2016