Joint Stock Company
We specialise in joint stock (public limited) companies that correspond to your individual vision. Your tailored company can be ready in as little as 2 weeks, and all you need is 30% of the registered capital. Contact us and to make an appointment in our office.
- Our specialists take care of all of the obligations.
- To establish an a.s., all you need is 1/3 of the registered capital.
- In as little as 14 days you can start trading with your made-to- measure joint stock company.
Establishment in 2 weeks
One third of the registered capital paid
We stick to deadlines
This form of company is similar to that of a UK Public Limited Company (PLC) and it is known in the Czech Republic as an "Akciova Spolecnost" – commonly referred to as an "A.S.".
Some key points include:
- Obliged to issue it’s articles of association.
- Minimum basic capital is 2m CZK, or 20m CZK if the company is founded through a public offer of shares.
- A Supervisory Board is required to ensure activities are conducted in accordance with Czech laws. Joint stock companies with one shareholder may decide to appoint one member of the board of directors only.
- This form of company is most commonly used for larger firms or those wishing to issue shares.
Shelf A.S. package contents:
| Cost | Timeframe | Includes |
|---|---|---|
| 54,890 CZK (2,138EUR / 1,837GBP) | Immediate signing ability |
|
New A.S. package contents:
| Cost | Timeframe | Includes |
|---|---|---|
| 54,890 CZK (2,138EUR / 1,837GBP) | Up to 1 month |
|
Joint Stock Company is a capital business company with its capital divided into a certain number of shares. The firm has the affix "akciová společnost" that can be abbreviated to "akc. spol." or "a.s.". The authorized capital amounts to the minimum of CZK 2 mil. Should the company keep the books in Euro, the authorized capital can be given in this currency and amounts to EUR 80 k. The contribution to the authorized capital can be both pecuniary and non-pecuniary; the latter has to be assessed by an expert. Joint Stock Company is regulated under the Act No. 90/2012 Coll., on Business Corporations.
The founders may select the system of company internal structure. There are two systems: dualistic and monistic.
In the dualistic system, Board of Directors and Supervisory Board are established. In the monistic system, Statutory Director and Board of Administration are established. The bodies above may consist of only one member. I.e. the joint stock company can be led by a single member of board of administration who is the statutory director in parallel. Both natural persons and legal entities may be members of the bodies and the term of office can be selected freely. A natural person shall meet all the general conditions for trade operation (18 years of age, clean records, legal capacity).
Shares can have the form of registered shares or bearer shares. The latter may exist only as booked or so called immobilised security. As for the type of shares, along with ordinary and priority shares also other types that can comprises various rights (different profit sharing, different weight of votes at general assembly, etc.) may be issued. Such shares must be stipulated under the by-laws in details. A novelty is so called no-par value shares that do not have a nominal value and each share represents an identical share in the company.
After 1 January 2014, all joint stock companies are obliged to create websites where they have to publish data that are mandatory in business deed, final accounts or invitations to general assemblies, etc.
