Closing or pausing your business in Czechia

Starting a Business as a Sole Trader (OSVČ) in the Czech Republic means not only gaining financial independence, but also taking on certain obligations to the state. In 2025, the registration process has become slightly easier, but there are still many nuances that can be confusing: which authorities must be notified when starting self-employment, what...

VAT (value-added tax) is often called a universal one as it is very frequently paid by physical and legal persons. It is obligatory in most countries including the Czech Republic to pay VAT. There are certain cases when companies and sole traders must register as VAT payers and we will describe them here. Type 1...

Planning to launch a business in the Czech Republic? An s.r.o. (společnost s ručením omezeným) is the most popular legal form for small and medium-sized enterprises, as well as for foreign founders. It offers limited liability, a straightforward setup process, and flexible management — making it an ideal choice. In this article, you’ll find a...

Liechtenstein, known for its stable legal and economic environment, offers a unique opportunity for establishing family foundations. These foundations provide asset protection, management flexibility, and high confidentiality. Benefits of a Family Foundation 1. Asset Protection: Reliable protection from creditors and third parties. 2. Confidentiality: All information about owners and beneficiaries is strictly confidential. 3. Management...

For whom You are EU citizen or you have a financial connection to Czechia like job contract with local company, you pay or receive rent here, you are registered as a Czech Sole Trader You need to save money on transfers from account to account within the EU? You need a reliable bank with guarantees...