When registering a new company in the Czech Republic, first thing you should do is to register with the Commercial Register within 90 days of the signing of the Memorandum or the date when the trade authorizations were issued. Before registering in the Commercial Register, you must obtain a trade license or another type of business license. The second step of starting up your business in the incorporation of the company into the Commercial Register. After the registration, your company is legally founded. From the date of the entry, the established company becomes a legal entity that can acquire rights and obligations.
Classes of trades
There are two classes of trades. The first are notifiable trades which include skill traders who have evidence of training or evidence of length of experience in a given field. Restricted trades and unqualified trades are also part of this category. The second class of trades consists of concession trades like producing alcohol or managing a travel agency. There are some trades which do not require a license. These are called liberal professions, such as a lawyer, doctor, notary, tax advisor, interpreter, translator, editor, or journalist. These activities are regulated by specific laws.
Obtaining trade license certificate
In order to get a trade license certificate, you must submit an application to a Trade Licensing Office at the relevant local authority. The trade authorization is issued within 15 days of filing your application form. Another way to get a trade license is to go to a Czech Point – a Single point of contact which provides information on where to hire professional services, about grants and loans, the geography of the country, or legal advice.