Corporate Services

The Act on Mandatory Registration of Ultimate Beneficial Owners of Legal Entities and Trust Funds came into force in the Czech Republic in 2018. As of this year, those who fail to comply face significant sanctions. Ultimate beneficial owners are registered using the ISSM information systemThe register is maintained by the registration courts and includes […]

For those who employ or plan to employ foreigners, the following is an overview of the changes introduced by an amendment to Act No. 326/1999 Coll. on the Residence of Foreign Nationals in the Czech Republic (hereinafter the “Act”), which was promulgated in the Collection of Laws on 16 July 2019. These modifications are intended […]

We would like to use this opportunity to remind you and to introduce to you some of the acts that have already been implemented and should be reflected in your business. The reason we are opening this discussion now is the fact that some obligations are often neglected in the course of doing business or […]

Voluntary liquidation is one of the options for closing down a company. The liquidation process entails numerous obligations, including providing evidence that no criminal prosecution has been brought against the company under Section 32(2) of the Corporate Criminal Liability Act. Compliance with this new obligation must be substantiated to the notary before the company’s entry […]

Each company is obliged to publish mandatory documents in the Collection of Deeds kept for each company by a commercial court. What penalties may be imposed for a failure to do so? And are there any changes ahead? Such mandatory documents include founding documents, financial statements, annual reports and related-party reports. This obligation has been […]

Unemployment in the Czech Republic has hit its lowest ever level. According to analysts, this trend is expected to continue. On the other hand, the number of vacancies has increased, also as a result of seasonal work. Figures from the Eurostat agency show that the Czech Republic has the lowest unemployment rate in the whole […]

With effect from 1 January 2018, legal entities and trusts have been subject to a new obligation to record beneficial ownership in the register of beneficial owners. The public register has been established by an amendment to Act No. 304/2014 Sb., on Public Registers of Legal Entities and Individuals and on the Register of Trusts […]

Facility management can enable financial costs of operation and maintenance to be set at an advantageous level. In addition, a favourably arranged system of property management and facility maintenance will release time and resources for further development of your business. Is facility management starting to appeal to you yet? The industrial property market in the […]

The Act on Public Registers of Legal Persons and Individuals, effective since 1 January 2014, now makes it possible for notaries to enter data in public registers. However, in practice, they have been permitted to make such records only since May.

Enclosures that must be provided with an application to strike a company off the Commercial Register also include a certificate confirming that the method of dealing with a liquidated company’s documents has been discussed with the regional state archive having jurisdiction over the liquidated company’s registered office.