Closing or pausing your business in Czechia

If you plan to do business or to get a residence permit in the Czech Republic then we have some information that will illuminate a lot of bureaucratic issues. As the EU is known for its pedantry when it comes to documents, we are ready to solve all the problems for our client; which means...

Minimum wage — 14.600, — CZK The size of minimum deductions for health insurance from citizens without income — 1.971, — korunas The average salary for calculating pensions is 34.835, — CZK Minimum business deductions for 2020: Social insurance — 2.544, — CZK (a new amount of contributions is paid starting from April 2020, after...

We already described ways of obligatory registration of a physical or a legal person entrepreneur as a VAT payer in our blog post. Here we will introduce one more way to register as a VAT payer, specifically as an identified person (Czech editor’s note ‘identifikovana osoba’, hereinafter only identified person). What is it and what...

It is more difficult to withdraw money from your own business than you might think. In fact, the rules around withdrawing money create problems for business owners, due to tax law regulations. However, we can guide you through some legal solutions to these issues.  Withdrawing funds through dividend payments:  Many experienced tax consultants consider dividend...

Basic business registration item — legal address,  why it’s needed and where to get it: https://firma.domytax.cz/en/legal_address_in_czechia