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