Set up a Company in Agriculture in Czech Republic
Set up a Company in Agriculture in Czech RepublicUpdated on Monday 03rd July 2017
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The agriculture industry in Czech Republic represents one of the traditional fields of business in this country. Investors who want to open a company in Czech Republic in the agriculture can start export activities, which are mainly represented by products such as milk, livestock, grains or sugar. Our team of Czech lawyers can offer legal assistance when opening an agricultural company, which will require special permits, issued in accordance with the specific field of activity in which the business will operate.
Register a Czech agriculture company
A company operating in the Czech agriculture sector must be registered following the standard registration procedure. A Czech company must have a unique trading name, which will be registered with the Ministry of Justice.
Then, it is required to notarize the company’s statutory documents, depending on the legal entity chosen for incorporation. Most of the companies in Czech Republic are incorporated as limited liability companies and, in this case, it is necessary to notarize the company’s articles of association and the memorandum in front of a public notary. It is important to know that the Czech notaries will impose a registration fee, depending on the minimum share capital required for incorporation. For example, in the case of a company registered with a capital of CZK 100,000, the notary will impose a fee of 2% out of this sum.
The company’s capital must be deposited in a bank account opened at a local commercial bank and our team of lawyers in Czech Republic can provide legal assistance on the main documents that must be submitted with the bank.
Later on, the company must be registered for taxation purposes with the Tax Office.
Main types of agriculture activities in Czech Republic
When opening a company in Czech Republic as an agriculture business, the investors are advised to study the main characteristics of the local market. In Czech Republic, the main activities are related to the following products:
• livestock (sheep and goats).
As mentioned above, any company operating in this field must obtain business licenses, a requirement that also must be completed for businesses involved in import-export activities.
Businessmen are invited to contact our law firm in Czech Republic for more details on the main requirements established for the registration of an agriculture company.