Types of organisations in Czech Republic

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Types of organisation

	Name in local language	Registrable in commercial register / legal personality	Minimum capital	Sole shareholder company
Limited liability company	společnost s ručením omezeným, (“spol.s r.o.” or “s.r.o.”)	yes / yes	CZK 1 (EUR 0.04)	yes
Joint stock company / European Company	akciová společnost (“akc.spol.” or “a.s.”)	yes / yes	CZK 2 million (EUR 79,809) or EUR 80,000	yes
Cooperative (with limited liability)	Družstvo	yes / yes	no, amount of minimum capital has to be set in articles of association	no (at least 3 members)
General partnership	veřejná obchodní společnost, “veř. obch. spol.” or , “v.o.s.”	yes / yes	no	no
Limited partnership	komanditní společnost (“kom. spol.” or “k.s.”)	yes / yes	no, minimum capital per limited partner CZK 1 (EUR 0.04)	no
Registered branch office	Organizační složka	yes / no	no	–
Permanent establishment	Stálá provozovna	no / no	no	–

	Capital tax / registration fees	Written form / notarisation	Tax transparency	Registration with tax authorities	Statutory audit (a lot of conditions and variants, however, in general: revenues in excess of CZK 80 million (EUR 3.3 million); total assets in excess of CZK 40 million (EUR 1.6 million), more than 50 employees)
Limited liability company	– /registration in commercial register	yes / yes	no	yes	if at least two of the thresholds are exceeded in two successive years
Joint stock company / SE	– /registration in commercial register	yes / yes	no	yes	if at least one of the thresholds is exceeded in two successive years
Cooperative (with limited liability)	– /registration in commercial register	yes / yes	no	yes	if at least two of the thresholds are exceeded in two successive years
General partnership	– /registration in commercial register	yes / no	yes	yes	if at least two of the thresholds are exceeded in two successive years
Limited partnership	– /registration in commercial register	yes / no	general partner, yes; limited partner, no	yes	if at least two of the thresholds are exceeded in two successive years
Registered branch office	– /registration in commercial register	–	–	yes	if at least two of the thresholds are exceeded in two successive years
Permanent establishment	– / –	–	–	yes	–