Author Archives: aktpcz

Transcription of the presentation Opening branch office in the Czech Republic 1. WHAT IS THE BRANCH OFFICE • A BRANCH OFFICE OF A FOREIGN COMPANY IS REPRESENTATIVE OF A FOREIGN COMPANY • IT IS REGISTERED IN THE COMMERCIAL REGISTER • EACH BRANCH OFFICE HAS ITS OWN MANAGING DIRECTOR WHO ACTS ON BEHALF OF THE FOREIGN COMPANY 2. TYPES OF BRANCH OFFICES • SUBSIDIARY BRANCH OFFICE (PARENT COMPANY FULLY OWED BY THE FOREIGN PARENT COMPANY) • SUBSIDIARY IS USUALLY REGISTERED AS LIMITED LIABILITY COMPANY OR JOINT STOCK COMPANY • AGENCY WITHOUT LEGAL PERSONALITY (THIS ENTITY REPRESENTS THE FOREIGN COMPANY IN THE CZECH REPUBLIC) • THE AGENCY BRANCH OFFICE IS REGISTERED UNDER THE SAME AS THE PARENT COMPANY, WITH THE SUFFIX “ORGANISATIONAL UNIT” AND ACTS ON BEHALF OF THE PARENT COMPANY 3. OPENING OF THE BRANCH OFFICE • OPENING OF THE BRANCH OFFICE IN THE CZECH REPUBLIC FOLLOW CERTAIN PHASES INCLUDING: •…

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In recent months the Law firm Pavelec assisted our client’s new CEO by his relocation. The relocation from Singapore to the Czech Republic was successful. Due to the perfect cooperation between all parties it could be done within few weeks. We wish the new CEO good start in our country.

Czech trust services

Principle of the trust: The trust patrimony is an legal institute formed in Anglo-Saxon legal system. Trust has been adopted by in some continental legal systems  including the Czech Republic. A trust results from an act whereby the settlor excludes part of his property to the patrimony constituted by contact or deed for particular purpose and which a trustee of the trust undertakes, to hold and administer the property. A trustee has the control and the exclusive administration of the trust, and the titles relating to the property of which it is composed are drawn up in his name. The trust, consisting of the property transferred in trust, constitutes a patrimony by appropriation, autonomous and distinct from that of the settlor, trustee or beneficiary. The trust is anonymous and none of them has any real right to the property. Any person may increase the trust by transferring property to it…

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Opening a Business in the Czech Republic Czech Republic is a member country of European Union located in its center with developed infrastructure and services. Czech Republic has stable political system supporting business activities and potentially low employees’ salary. Czech Republic attracts foreign investors worldwide due to its great location. Prague which is the capital is fast developed city with historical and cultural name which could be good sound for your company. We are ready to walk you through the process for opening a business in this country of European Union as well as provide you with legal advice regarding running business in this country. Czech Republic encourages foreign direct investments and the procedure of opening a company in Czech Republic is straightforward and very accessible. Limited Liability Company (s.r.o.) (hereinafter referred to as “Czech s.r.o.”) A limited liability company is the most common type of business entity. The Czech…

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