As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40In compliance with Czech legislation, a business is any ongoing activity that an entrepreneur engages in on their initiative, in their name, and under their authority to make a profit.
In the Czech Republic, running a business often has the form of:
It means that a person on their initiative and responsibility freely conducts a profitable activity in the form of a trade or in a similar way.
OSVČ (Osoba samostatně výdělečně činná) is a person who engages in a business endeavor (a self-employed person). Self-employment can exist as a primary or auxiliary activity. You can engage in self-employment as a secondary activity if you’re still working, on maternity and paternity leave, or getting a retirement benefit.
In the Czech Republic, trading is a regular type of commercial activity. Nevertheless, it is conceivable to do business while working in a so-called liberal profession. It is required to join a professional chamber for some liberal occupations (such as law and medicine), but just optional for others (journalists).
There are a lot of types of corporations for establishment. Among the most popular is LLC (SRO in the Czech) or joint-stock company (AS).
But it is significant that for all corporations and cooperatives enrollment in the Obchodní rejstřík (register for firms) is required. No business may be legally recognized without it. Thus, it is important to distinguish between creating a corporation, which is the first stage and maintaining a legal presence, which comes next.
If an action occurs regularly, it is seen as ongoing. For instance, an episodic activity that gives you a profit, but was conducted one time, does not qualify as company revenue. Even if the activity only occurs a few times a year, it counts as a business if you intend to continue with it.
It means that businessmen are independent. You as an entrepreneur organize your work and take care of the expenditures associated with running your business on your own if you choose your hours of work and the location of your company.
Moreover, you should look out for unfair labor methods, notably the Švarc systém.
The Švarc systém is a sort of economic scheme in which people who work for an entrepreneur regularly in a dependent relationship pose as independent business owners (usually self-employed).
A legitimate, globally accepted credit card that is not prohibited from usage in the Czech Republic. The non-resident is obligated to concurrently present a declaration from a bank account held in a bank or another financial institution, demonstrating that he or she is authorized to spend the funds in the stated amount during his or her presence in the country, upon request from an official authority.
Please contact us to get more information.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.