Since July 1st of this year the new changes to the SRO law requires that any citizens of countries who have criminal records must produce them in order to fill the position of ‘Jednatel’ or director of the company. They now have supplied to them a list which...
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S námi vždy víte...SRO Legal Changes :: Effective July 1st 2005 :: Update
In spite of the best intentions of the government regarding the new laws brought into effect for SRO setup as of July 1st of this year, the changes are proving to be a step backwards in more than one way. One goal was to speed up the registration time to 5 business...
Regulated Rents
Regulated rent is a real issue in the post-communist countries of Central and Eastern Europe. Its purpose has been to keep accommodation affordable for all citizens but there are problems that are arising. Under regulated rent, a tenant is only obligated to pay a...
Legal Changes to Company (SRO) Registration
As of July 1st of this year the laws governing SRO setup have been changed. The full extent and effect of these laws we will have to see with time. Even at the Commercial Court itself they are not sure so we will be expecting minor difficulties to be overcome. All...
Need of Proper Legal Representation
In the course of our business dealings, we are constantly being reminded about how important it is for foreigners to be properly represented when entering into any investment ventures in the Czech Republic. For example, an investor has recently contacted us because...
Home Country Criminal Records
As of December 2004, the rules for the foreign police have been changed regarding the acceptance of home country criminal records issued by an embassy. Previously, it was possible for some citizens, such as Canadians, to get a criminal record from their embassy...
Seven Critical Tips for Czech Property Purchase
1. If you decide to buy your property through an SRO, be sure it is near to completion, if not already fully completed, before starting negotiations. Often an individual will first find the property they are interested in and then approach us to start a new SRO...
Description of an SRO ‘jednatel’
What exactly is a 'Jednatel'? The Jednatel is your company executive (CEO) in the Czech Republic. They are responsible for all the basic functions of your business such as proper accounting, tax reporting, contracts and banking. Who your Jednatel will be is by far...
Legal Description of ‘Sidlo’
What exactly is a 'Sidlo'? A Sidlo is the administrative headquarters of your SRO. It must be a place where, if necessary, the public and town officials could meet with you. It is also where the mail for your SRO goes. The main legal code governing commercial...
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