Practice shows that linking a Czech-registered company to an offshore-registered company is not difficult at all. This can be done via a cooperation agreement or by making the offshore company a co-owner of the Czech company. Business in the Czech Republic can take loans from EU banks and trade with offshore or foreign companies while paying a zero-percent VAT.
However, you should not think of the Czech Republic as an offshore jurisdiction. If you decide to establish a company in the country, you have to use common sense and respect the EU and the local legislation. You should play by the EU rules there as the Czech Republic is a member of this organization.
The possibility to open a bank account for your BVI-, Nevis-, Belize-, Panama-, or Seychelles-registered company in the Czech Republic looks very attractive but please remember that the Republic is NOT an offshore jurisdiction! You should seek advice from long-standing consultants in the country. The Czech partner company of Offshore Pro Group has been helping foreign clients open companies and set up bank accounts in the country since 1999. Please write to us to firstname.lastname@example.org and we will put you through to a reliable agent in the Czech Republic. There you can find a combination of some benefits that offshore jurisdictions offer and those available in the European Union.
Speaking about Czech banks, they are similar to the banks in all other EU countries. They want their foreign clients to have perfectly clear income structures and perfectly transparent and law-abiding businesses.
I. All products and services in the Czech Republic for international business
In this section, we describe all our products and services in the Czech Republic. These include company registration in the country, the possibility to buy a ready-made company there, set up bank accounts for offshore companies in the Czech Republic, bank accounts for European- and Czech-registered companies, and so on. Here you can also find the descriptions of a few packaged services ‘an offshore company + a Czech bank account’ that are competitively priced.
II. Banks and banks accounts in the Czech Republic
From this section, you can learn about the possibilities to open non-resident bank accounts in the Czech Republic for foreign individuals, offshore, and midshore-registered companies. Should you trust those who claim that bank accounts can be opened remotely in the Czech Republic? On what conditions would Czech banks set up accounts for offshore companies? Which banks will only open accounts for business structures that necessarily contain a Czech-registered company? Please find the answers to these and other similar questions in this section. We hope that the articles here can save you from falling prey to fraudsters and facing legal troubles with the Czech banks and the regulatory authorities in the country.
III. Everything about registering and maintaining business companies in the Czech Republic
What does it take to register a company in the Czech Republic? How long does it take? What do you have to do in order to keep the company functional? Can you comfortably control your Czech-registered company from abroad? Please find the answers in this section.
IV. Advantages of registering a company in the Czech Republic
In this section, we discuss the advantages of having a company registered in the Czech Republic. After reading the articles found here, you will understand why foreign nationals establish hundreds of companies in the Czech Republic per month. You will also understand that they do so not only because of the possibility to obtain a non-resident European bank account.
V. Immigration to the Czech Republic
In this section, we describe the opportunities to immigrate to the Czech Republic.
VI. Czech agreements on avoidance of double taxation
In this section, we discuss the tax-related international agreements that the Czech Republic has signed.
VII. Funds and asset management companies in the Czech Republic
In this section, we answer the most important questions about Czech-registered funds: how you can open one, what the advantages are, what the traps and pitfalls you can encounter, and so on.
VIII. Personal and corporate taxes in the Czech Republic
In this section, we discuss the taxation system in the Czech Republic.