Čeština
Setting up a branch of a foreign company (odštěpný závod)
Do you own a foreign company and need to start doing business in the Czech Republic quickly? We will set up a branch of a foreign company (odštěpný závod) for you that fits your requirements and options exactly.
Benefits of setting up a branch
1) Doing business in the Czech Republic without having to form a new, separate company.
2) No need to pay up any share capital.
3) A fast solution when you need to trade in the Czech Republic without unnecessary delays.
4) A branch is a part of the company with economic and functional independence.
5) The branch must have a natural person as its statutory officer.
6) A branch can be wound up at any time and with ease.
What is a branch (odštěpný závod) and who most often sets one up in the Czech Republic?
A branch is an establishment of a foreign parent company. It has its own finances and is run by different management from the head company. A branch may have a different name from the parent company, it has no legal personality of its own and it keeps separate accounts. Setting up a branch is most often used by banks, insurers and telecoms operators, but also by smaller business entities.
The branch is led by the so-called head of the branch (vedoucí odštěpného závodu)
The head is authorised to act in all matters relating to the branch. In doing so they act as a representative of the founder; they are therefore not a separate statutory body. The head is entered in the Commercial Register (obchodní rejstřík).
We will make sure that setting up your branch costs you as little effort as possible
Setting up a branch involves a number of administrative steps and formalities. With us, you avoid them:
- Obtaining a trade licence (živnostenské oprávnění) for the branch.
- Dealings with the Trade Licensing Office (živnostenský úřad).
- Preparation of all the documents required to enter the branch in the Commercial Register.
- Dealings with the Registry Court (rejstříkový soud).
Price of setting up a branch from 18,000 CZK excl. VAT
Documents we need to set up your branch
- An extract from the Commercial Register of the branch's founder in the company's home country.
- The articles of association of the branch's founder.
- An extract from the Land Register for the property that will be the branch's registered office, and the owner's consent.
- A statutory declaration and specimen signature of the person proposed as head of the branch.
- The consent to registration in the Commercial Register from the founding company and its statutory body.
- If you wish to be represented before the authorities, also a power of attorney with an officially certified signature.
Rely on our full legal and administrative support when setting up your branch
Fill in the form below. We will get in touch and give you all the details. Or call us on +420 602 654 355 and email [email protected].
