In this page:
Setting Up a Company |
The Active Population in Figures |
Working Conditions |
Cost of Labor |
Setting Up a Company
- Private Limited Company (SRO)
Number of partners: No minimum.
Capital (max/min): Minimum CZK 200,000
Shareholders and liability: Partners' liability is limited to the amount contributed.
- Public Limited Company (AS)
Number of partners: No minimum: one or more; can be a sole proprietorship.
Capital (max/min): Minimum CZK 2 million when established without public bid, at least 30% must be released before the constituting general meeting. Minimum CZK 20 million with public bid.
Shareholders and liability: Liability is limited to the amount contributed.
- The general partnership
Number of partners: At least 2 natural partners.
Capital (max/min): No minimum capital requirement.
Shareholders and liability: Liability is unlimited for all partners.
- The limited partnership
Number of partners: At least 2 partners: 1 active partner and 1 sleeping partner.
Capital (max/min): No minimum capital but the input of the partner with limited liability must be at least CZK 5,000.
Shareholders and liability: Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.
|Setting Up a Company
||Eastern Europe & Central Asia
Source: Doing Business.
- Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Czech Republic.
Trade Register, in Czech.
The Active Population in Figures
CIA - The world factbook
|Total activity rate
|Men activity rate
|Women activity rate
UN - United Nations
|Employed Persons, by Occupation (% of Total Labor Force)
|Transport and Storage
|Real Estate, Renting and Business Activities
|Health and Social Work
|Hotels and Restaurants
|Agriculture, Hunting and Forestry
|Electricity, Gas and Water Supply
|Mining and Quarrying
International Labor Organization (ILO)
- Legal Weekly Duration
- Retirement Age
Men 63 years, Women 59-62 years depending on number of children. In order to reach retirement age it is necessary to pay pension insurance (to be employed or to do own business) for at least 25 years. It is planned to change retirement age for 65 Years.
- Working Contracts
Legal clauses regulate employment contracts and to a lesser degree collective agreements and individual negotiations.
The terms of employment contracts are extremely rigid and the limits for dismissal are less strict.
- Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.
Cost of Labor
- Minimum Wage
CZK 328 per month (source: ILO, 2011).
- Average Wage
Gross average monthly wage of men: CZK 28,233 (source: ILO, 2011);
Gross average monthly wage of women: CZK 22,389 (source: ILO, 2011).
- Social contributions
Social Security Contributions Paid By Employers: 35%
Social Security Contributions Paid By Employees: 12.5%
Learn more about Operating a Business in the Czech Republic on Globaltrade.net, the Directory for International Trade Service Providers.
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Last Updates: October 2014