Tax and accounting regulations
Summary of Requirements for an S.r.o Limited Liability Company:
|Type of Company||S.r.o – Limited Liability Company|
|Timescale to incorporate||2 weeks|
|Double Tax Treaty Access:||Yes|
|Minimum No. Required||1|
|Local Director Required||No|
|Publicly accessible information||Yes, the names of the directors do appear on public record|
|Location of Meetings||Anywhere|
|Minimum No. Required||1, can be a corporate shareholder|
|Publicly accessible information||No, the names of shareholders do not appear on public record|
|Location of Meetings||Anywhere|
|Local Secretary Required||N/A|
|Registered Office Required||Yes|
|Additional Information||A Statutory Representative is required to represent the company. This must be a natural person. Must be appointed in a General Meeting of the company|
|Standard Currency||Czech Crown (CZK)|
|Standard Authorised||CZK 200,000 / €7,500.00|
|Minimum Paid Up Capital||CZK 100,000 / Approx. €3,500.00.|
|Additional Information||The company is required to have a reserve fund (this is principally a bookkeeping entry):
|Accounting & Compliance|
|Requirements to prepare Accounts||Yes|
|Requirement for Audit||Audit is required if at least two of the following criteria are met:
|Local Auditor Required||Yes, if Audit is required|
|Requirement to File Accounts||Yes|
|Requirement to file Annual Return||Yes|
|Bank Account Opening||A bank account can be opened without the need for presence|
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Thinking of relocating your business to Singapore? Let us help you!
Singapore has quickly become one of the world's most prosperous countries with strong international trading links and per capita GDP equal to that of the leading nations in Western Europe, making it an ideal destination and potential location for Business Owners to relocate and start a new business and lifestyle.