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Czech Republic

The Czech Republic is situated in the geographical center of Europe. Surrounding the Czech Republic, lies Germany, Poland, Slovakia and Austria. The Czech Republic has strict controls on ownership of property by non-nationals, but does not have controls on share ownership of Czech Companies. The Czech Company is therefore an ideal vehicle for purchase and holding of property in the country. The Czech Republic has two types of companies, a Joint Stock Company and a Limited Liability Company. These two corporate entities are most commonly used by foreign company operations in the Czech Republic.

Joint Stock Company (akciova spolecnost)

The Government for joint ventures prefers this type of company. The shares of this company may be freely traded, depending on the company's Articles of Incorporation, without registration in the Companies Register. Therefore, a joint stock company has an advantage as the shares are expected to be publicly traded. The accounts must be filed annually. Two advantages of this company is extreme confidentiality for beneficial owners and there is no liability of its shareholders.