What is Brexit? Brexit is the name for the process of UK withdrawal from the EU. A referendum was held in the United Kingdom on June 23, 2016, in which the British voted in favour of the UK’s withdrawal from the EU by a 51.9% majority (17.2 million votes). Following …
A limited liability company is considered as the best choice for beginning entrepreneurs. Compared to the self-employment, it has an advantage in the amount of liability and the possibility of investors entering your business. Compared to a joint-stock company, you do not have to deposit such a high share capital …
Doing business in Prague has several indisputable advantages. The Czech Republic has one of the lowest tax rates in Europe and the costs of a qualified workforce and living expenditures are much lower than in the rest of Western Europe. There are several first-rate universities in Prague ensuring a sufficient …
Self-employed persons (OSVČ) are obliged to pay advances for social and health insurance. During the first year of business, only the minimum amount of advances is paid. In the following years of business, the amount of the monthly advance is based on the profit achieved last year and is calculated in the Statements of Income and Expenditures (Přehledů o příjmech a výdajích) that all self-employed persons must deliver annually to their health insurance company and the relevant Czech Social Security Administration.
Anyone who wants to do business in the Czech Republic under the Trade Licensing Act must submit a trade registration. A foreign national who is not a resident in the Czech Republic may operate a trade in the Czech Republic under the same conditions and to the same extent as …