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Our Services | Investing
Opportunities | Buying
Property | :: SRO Startup
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Questions About SRO Startup
:: What exactly is an SRO and do I need
one?
:: Are there other benefits of owning
an SRO?
:: What exactly are the long-term costs
of owning an SRO?
:: Can you please explain the foreign
terms regarding SROs?
:: How exactly does the SRO startup process
work?
:: An SRO has ongoing costs and I am
an EU citizen. Can't I simply buy property
or conduct business in the Czech Republic as an individual
- without
establishing an SRO?
:: What do the Czech terms SRO and
AS stand for?
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What
exactly is an SRO and do I need one?
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Forming
a Czech limited-liability corporation, called an SRO,
is the fastest, most convenient and cost-effective way
for a foreign citizen to establish themselves as a resident
in the Czech Republic with all the required visas, a
tax base, health insurance, and the many benefits of
being a legitimate resident.
An
SRO is required for any non-EU citizen (except for those
from 'favored nation' countries See discussion) to purchase
property in the Czech Republic, and highly encouraged
for all EU and local citizens. Why is it so encouraged?
Because
for both EU citizens and non-EU citizens alike, forming
an SRO allows you as a foreigner to purchase property
- start a business - or relocate an existing company
in the Czech Republic safely, legally, and with the
appropriate tax and liability shelters to protect your
assets both here and at home from legitimate, or fraudulent
lawsuits.
The
good news, is that with our company forming your SRO
is straightforward, affordable and simple. What’s
more, you can do it with complete confidence.
We
do not manufacture “bulk” SROs, but work with
all of our clients one at a time from scratch - assuring
that your project large or small receives our personal
attention at every step, and that your completed company
is free of legal or tax entanglements created by any
previous owners.
Contact Us ::
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Are
there other benefits of owning an SRO?
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Yes
there are many benefits, and they include but are not
limited to:
You may easily form a company, small business or perform
freelance consulting and/or teaching in the Czech Republic
legally and legitimately.
You may use the Czech Republic as a legal tax base for
income earned here or abroad.
You will more easily qualify to acquire a Long Term
Visa (non-EU citizens), health and social insurance
for yourself, your spouse, children, partners and employees
in order to live and work legally and safely in the
Czech Republic.
You may purchase a property in the Czech Republic for
business, residence, holiday or investment purposes
(required for non-EU citizens) without restrictions
(for all foreign citizens) that are otherwise attached
to the types of property you can purchase.
...and much more.
In
a nutshell, an SRO provides you with the tools you need
to operate legally and responsibly as a foreign citizen
in the Czech Republic, whether you reside locally in
this country or abroad.
This
is all in addition, of course, to the essential tax
and liability protection provided legally by an SRO,
which prevents your properties and personal assets from
being attached in the case of a legitimate, or fraudulent,
lawsuit.
Contact Us ::
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What
exactly are the long-term costs of owning an SRO?
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The
long-term costs associated with owning an SRO are very
simple, and can be broken down into three items:
1.
Registered Office Rental, or “Sidlo”
The
Sidlo is the address where your business will be located.
Typically this is not the actual physical address, but
simply a physical location where you will receive all
official mail for your SRO. Our fee (November 2006)
for this service is 1.400 CZK per month. If the purpose
of your SRO is only for real estate and you purchase
a property, it is possible to move the sidlo to your
new property.
2.
Yearly Business Accounting
For
property-only SROs, our charge (November 2006) is a
maximum of 8.000 CZK per year. Business SROs can contract
with our accountant according to standard agreement.
3.
Yearly Tax Filing
Again,
for property-only SROs, our charge (November 2006) is
a maximum of 8
