FAQ

For investment in the Czech Republic contact the CzechInvest agency: http://www.czechinvest.org/. If you are interested in trading companies in the Czech Republic, try http://portal.justice.cz/uvod/JusticeEN.aspx. If you want general information about commerce and industry, try the official website of the Ministry of Industry and Commerce, where you can find plenty of useful information: http://www.mpo.cz/. You can also find useful information on the official portal for business activities and export at www.businessinfo.cz

All conditions and terms for business activities carried out by private individuals can be found in this article http://www.czech.cz/cz/66347-podminky-podani-ohlaseni-zivnosti-a-zadosti-o-koncesi You can also find useful information on the official portal for business activities and export at www.businessinfo.cz

The Commercial Code determines the basic forms of business entities – trading company (v.o.s., k.s., s.r.o., a.s.) and co-operative; It also specifies the key prerequisites for business activities – determination of commercial contractual relationships (for instance: arrangements; various types of contracts), records of companies in the Commercial Register and specifies key economic competition regulations. You can find the full version of the Commercial Code here: x1 http://www.cnb.cz/miranda2/export/sites/www.cnb.cz/en/legislation/leg_capital_market/download/commercial_code.pdf x1. You can also find useful information on the official portal for business activities and export at www.businessinfo.cz

This article will clarify information on how to obtain a trade licence http://www.czech.cz/cz/62148-zivnostenske-podnikani You can also find useful information on the official portal for business activities and export at www.businessinfo.cz

Before you open a bank account you must find the right bank, which will satisfy your requirements. Some banks also have various advantageous programmes. You need your citizens id. card or passport (some banks also require a photocopy) if you wish to open a bank account. The bank will open a current account or equivalent product on the basis of the client’s request. The bank will prepare a contract on establishing and maintaining a current account, which also includes the terms and conditions for maintaining the account and the bank’s price list (rate scale). As for other contracts it is recommended that you familiarise yourself with the terms and conditions and rates (prices) for services before signing the contract to prevent any confusion and subsequent surprises. You can find a list of banks in the Czech Republic with links to their websites here: http://www.cnb.cz/cnb/JERRS.WEB33.SUBJECTS_COUNTS_DETAIL?p_lang=cz&p_DATUM=16.05.2010&p_ses_idx=1

You can find official exchange rates between foreign currencies and the Czech crown on the Czech Republic’s National Bank website. You can also find historic exchange rates here. http://www.cnb.cz/en/financial_markets/foreign_exchange_market/exchange_rate_fixing/daily.jsp