Do you have any question?
In order to open a business typed limited – in Czech s.r.o. – you will need a capital of only 1 Czech Krown.
It always depend on your activity. There may be more reason to be a VAT payer such as marketing purposes. It can also vary on your type of client, the country of your clients and providers, and what do you invoice. It can be also a money reason since you will be able to have VAT back on your purchases.
As a company, you will pay a tax called corporate income tax of 19% from revenu and expenses in relation to the tax period.
Unless the company regim, the sole trader also called individual self-employed customer is using a cash oriented system in which all the money received will feel a 15% cut. This tax is also personal income tax received (PITR).
But the individual status is fairly limited and assume much more risks than a limited company because in case of bankruptcy, the individual may need to use its proper funds to compensate the loss.
- It is our profession to make sure your accounting is established as per Czech law. As a fact, it takes an average up to 6 time longer for an uncertified accountant to perform accounting.
- You will benefit a 100% online accounting so you don’t need to make copies or print anything since all will be uploaded online.
- We record your finance to our online semi-automatic accounting software so we can focus on your specific needs and you can check your company finance whenever you are connected, wherever and in real time!