Newly approved amendment in Czech Republic helps with establishment of companies

Published: 09.06.2021 Related countries:  United Kingdom United Kingdom

The amendment comes up with broad digitalisation of the whole process of company establishment which enables an establishment of new company through an online form as well as making the whole process cheaper.

The whole process of establishing a new company should be done in around one hour and cost you approximately 2 500 CZK (around 85 GBP) once the amendment will come into force on 1st of September 2021. Another part of the amendment includes tools for greater protection against company theft while also improving the availability of apostille services. According to the president of Notarial Chamber of the Czech Republic Radim Neubauer the process of digitalisation is necessary in modern societies and it makes life of the citizens much easier in many aspects.