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: • THE FOREIGN COMPANY DECIDES ABOUT SETTING UP OF THE BRANCH OFFICE • SUBMISSION TO THE TRADE LICENSING OFFICE IS FILED IN ORDER TO REGISTER UNQUALIFIED, PROFESSIONAL, VOCATIONAL OR PERMITTED TRADE (FROM THE LIST OF TRADES) • THE MANAGING DIRECTOR IS APPOINTED • THE BRANCH OFFICE IS REGISTERED INTO COMMERCIAL REGISTER WITH UNIQUE IDENTIFICATION NUMBER