Business
Recodified private law with a CZK 1 minimum-capital company
The 2014 recodification put contract and company law into the new Civil Code and the Business Corporations Act. The s.r.o. requires only CZK 1 of registered capital, and registration is made in the commercial register kept by the regional courts.
Key rules
- The Business Corporations Act governs companies; the Civil Code governs obligations.
- Minimum registered capital for an s.r.o. is CZK 1 per shareholder.
- Registration in the commercial register is made by a court or, faster, by a notary.
- Beneficial owners must be entered in the register of beneficial owners.
Governing law
- Civil Code (89/2012)Effective 2014; replaced the commercial code's contract rules.
- Business Corporations Act (90/2012)Companies and cooperatives.
- Trade Licensing Act (455/1991)Trade licence required for most activity.
In practice
A notary can incorporate a company and enter it in the register directly, which is usually faster than the court route; a trade licence is still needed to begin trading.