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.
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