Novalia launches an online tool for setting up Czech companies
The process of incorporating a Czech company is notoriously complicated. Founders who do not speak Czech find it difficult to navigate through the formalities without the help of legal counsel. The Prague-based business law firm Novalia makes it easy with a new online tool at www.setupczechcompany.com.
In a few easy steps, you can define the parameters of your new company on the secure website, and the rest is handled by a Novalia lawyer. You will receive a set of documents to sign, pay the fees, and in 10 days your company will be official. The first version of the service can be used to create a wholly-owned limited liability company (s.r.o.) – the most widely used company type.
The basic fee is EUR 490, plus 95 for a trade license, if one is needed. Optional services include a hosted business address, opening the accounting books, or the monitoring of official mail. All documentation is produced in English and Czech and the client has access to an English-speaking Novalia partner for additional legal services.