Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private Limited Company Minimum CZK 200,000	No minimum. Maximum: 50. Partners' liability is limited to the amount contributed.
Public Limited Company Minimum CZK 2 million, at least 30% must be released before the constituting general meeting.	No minimum; can be a sole proprietorship. Liability is limited to the amount contributed.
The general partnership No minimum capital.	At least 2 Liability is unlimited.
The limited partnership No minimum capital but the input of the partner with limited liability must be at least CZK 5,000.	At least 2: 1 active partner and 1 sleeping partner. Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.

The Competent Organization: Ministry of Industry and Trade (in Czech and English)

Database of the Commercial Register (in Czech)

Forms of offices, e.g. the Financial Authorities and Trade Licence Offices Trade License Offices – on the web sites of municipal authorities
Search a Company or a Financial Report: Portal Justice

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Czech Republic.
Trade Register, in Czech.

Working Conditions

Legal Weekly Duration: 40 hours
Retirement Age: Men 63 years, Women 59-62 years depending on number of children. In order to reach retirement age it is necessary to pay pension insurance (to be employed or to do own business) for at least 25 years. It is planned to change retirement age for 65 Years.
Working Contracts: Legal clauses regulate employment contracts and to a lesser degree collective agreements and individual negotiations.
The terms of employment contracts are extremely rigid and the limits for dismissal are less strict.

Minimum Wage: 8,000 CZK (EUR 300).
Average Wage: Average monthly gross earnings in Czech Republic is CZK 21,470 (1,100 USD).
Social contributions: Social Security Contributions Paid By Employers: 35%
Social Security Contributions Paid By Employees: 12.5%

Social Dialogue and Involvement of Social Partners: The Czech Republic operates on the principle of free establishment and competition of unions. Establishment of an union is not mandatory in companies. The minimum number of employees needed to establish a company union is three.
The most powerful is Czech-Moravian Confederation of Trade Unions (so called CMKOS). It is an important social partner in tripartite negotiations in the framework of the Council of Economic and Social Agreement of the Czech Republic. It works in the regions of the Czech Republic through Regional Councils of Trade Unions (RROS) and Regional Offices for Legal Assistance (RPP). There are 33 trade unions in the framework of CMKOS.
Unions: CMKOS, Czech-Moravian Confederation of Trade Unions
Other Unions affiliated to CMKOS
Unionization Rate: 11% of all employees.
Labor Regulation Bodies: Ministry of Labor and Social Affairs
Confederation of Industry of the Czech Republic (SPCR)
Czech Council for Safety, Hygiene and Health at Work

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