Mutual Recognition Of Documents
In cases where a treaty on mutual recognition of legal documents does not exist between the Czech Republic and the country where the seat of the founder is located, it will be necessary to have the above documents "superlegalized" or "consularized". In such case, the above mentioned incorporation documents and signatures thereon must be notarized and then consularized, that is to say, the notary's capacity must be verified by the relevant authority of the state granting the notary his/her power second,
1. The capacity of the relevant authority granting the notary his/her power must then be verified by the Foreign Ministry or Department of State, and third, the capacity of the Foreign Ministry or Department of State must then be verified by the Czech consulate in that country. Regrettably, verification in the form of an "apostille" is not sufficient, as the Czech Republic is not a participant in that particular Hague convention.
2. Obtain official Czech translations of above mentioned documents.
3. Find office space for the registered address of the Czech company and sign a lease for the premises. 4. Sign the Founding Memorandum of the Czech company before a Czech notary (if only one founder, the Founding Memorandum must be prepared in the form of a Notarial Protocol). Validity of the Founding Memorandum is 90 days and must be filed with the Trade License Office and the Commercial Register during this period 5. Open a company bank account with a bank located in the Czech Republic.
a) Deposit the stated capital of the Company before the application for registration of the Company is filed.
b) Obtain the confirmation from the bank of the deposit of the capital.
Note: In case that the Company is unable to open an account for the deposit of the registered basic capital, in some cases it is possible to make a notarised "statement of the administrator of capital contributions", which must then to be enclosed to the application for the registration. 6. If the statutory representative of the Czech company is not a citizen of the Czech Republic, then he/she must obtain for a Residence Permit. 7. Apply for Trade License(s) for the Czech company, the number of which will depend on what the expected activity of the company will be. As part of this application, it will be necessary to appoint an individual who will be named in the Licenses as being responsible on behalf of the Czech company for the Trade License. Again, in the event a non-Czech citizen will be named in the License, it is necessary for that individual to acquire a Residence Permit for the Czech Republic and present this to the Trade License Office before the License will be issued.
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