Court Opinion on the Virtuality of a Legal Entity’s Registered Office in the Czech Republic
25. 10. 2023

1. Avoiding a lengthy bureaucratic process
By buying a ready-made company, you will save time that you would have spent studying legislation and rushing from one authority to another. It is necessary to visit a notary, go to a bank, register a trade at the Trade Licensing Office, provide an extract from the Criminal Record, draw up documents signed by the statutory and other bodies of the company certifying the competence of persons to perform the given positions, tax registration, application for registration into the Companies Register, etc. All this can take up to a month. The whole process is so complicated that you are likely to make a mistake somewhere that you will find out too late. You can avoid the bureaucratic ordeal if you decide to buy a ready-made company.
2. Professional documentation
Of course, there is a complete documentation of the company prepared by a professional, tailored to your needs and expectations.
3. Registered capital
Ready-made companies have paid-up registered capital, so you do not have to deal with the financial burden of having to pay the deposit.
4. A company with a history
A company that already has some history seems more trustworthy. This fact is taken into account not only by banks when applying for a loan, but also by business partners, investors and customers.
5. You can run your business immediately
Buying a ready-made company will allow you to start your business the very next day. Without unnecessary waiting, processing and filling out forms. Instead of going from one authority to another for a long time, you devote yourself to making money.
Setting up a company also carries certain risks, so always discuss the purchase with a reputable advisor.
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