Czech law enables foreigners to run their business activities under the same conditions as Czech entrepreneurs.
In order to conduct a business, applicants are usually issued a residency visa for a period of ninety days to one year. After this period, the visa can be either extended or a long-term residency permit can be issued for an additional period of two years.
Company statement
You must first create a company statement, either as a sole-founder (Founder's Deed - zakladatelská listina) or between partners (Memorandum of Association - společenská smlouva).
When establishing a company, you have to sign a statement which contains basic details of the company and its organisation. It includes basic information such as the business name, registered seat, business activities, names of the partners, size of their ownership interests and other details.
Both the Memorandum of Association and the Founder's Deed have to be authenticated by a notary public. After the Memorandum is signed, it becomes legally binding only for the shareholders, though the company does not yet exist as a separate legal entity.
Before the formation of your company, you also have to sign a contract for the premises where the company's registered seat will be situated.
Funds
In order to register a company you have to prove that you have funds to start your business. The amount of money you need depends on the type of the company you want to start. The investment can basically be anything that has a financial value. If you deposit anything else other than money, you have to have a written expert valuation. The payments are deposited in a bank account that is opened for the purpose of the future company. The amount is recorded in the Commercial Register and is publicly known.