| S.R.O
company for Real Estate
(different to SROs for
business)
Please bear in mind this below is an average
cost estimate taken from various sources offering this type of
service.
You real costs may vary from service provider to service provider
also depending on your exact needs.
Real Estate s.r.o.
Timeframe: Immediate signing ability
7 day transfer completion
Setting up costs about CZK 55,000 (Euro
1.800)
Which should include the following:
- Bound copy of all registration documents
- Certificate of incorporation
- Change of registered address
- Change of company name
- Notary fees
- Stamp duties
- Legal representation to Commercial Court
- Memorandum of Association (translated)
- Minutes of General Meeting (translated)
- Any standard translator fees
A Real Estate S.R.O is established for
the sole purpose of purchasing real estate and thus does not require
a business license.
As no business license is required, neither
is the associated "responsible person".
As it will not be a trading company, the
risk of accruing liabilities is minimized for the Executive (and
hence the cost).
A local Executive if required, can be found
for a minimal fee of CZK 3,000 per month (Euro 100).
The registered address can become the property
that is being purchased and hence there is no need to pay for
any service regarding setting up another registered address.
Potential maintenance fees: CZK 3,000
per month (Euro 100)
Becoming informed costs next
to nothing
Being missinformed can be expensive |
