Closure of Czech Branch
Termination of Branch in Czech Republic
Dissolution of Czech branch (permanent establishment in Czech Republic)
A branch office (in Czech: “organizační složka”) is not a separate legal entity, but functions as the representative of the establishing foreign company and incurs obligations on the foreign company's behalf. Therefore, in case of closure and “liquidation” of Czech branch, no special liquidation process has to be implemented. All liabilities and receivables (incl. assets) are part of the equity of the foreign mother company.
Liquidation of Czech branch
We recommend to ensure for termination of all contracts related to the existence of the Czech branch prior its termination. It is also important to deregister all taxes and apply for termination of the existing Czech trade licenses. The Czech branch is closed based on the decision of the founder, i.e. of the foreign mother entity.
Deletion of Czech branch from Czech Commercial Register
The Czech branch will be deleted from Czech Commercial Register based on the application filed with the Czech Commercial Register accompanied with the following documents:
(a) notarized copy of the founder company´s corporate documentation (extract from the commercial register);
(b) decision on dissolution of the Czech branch adopted by the foreign mother entity.
ECOVIS Ježek is a Czech law firm providing, amongst others, legal advice in connection with dissolution of Czech branch offices and their deletion from Czech Commercial Register.
Eliška Čáslavská has many years of experience in corporate matters related to Czech companies and Czech branch offices.
If you need quality legal advice and representation in Czech corporate matters, you can contact us at any time.
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Our Czech law firm can assists you in termination of the Czech branch and closure of the business in the Czech Republic. We can ensure for all steps and for proper deletion of the Czech branch from the Czech Commercial Register.
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About ECOVIS ježek advokátní kancelář s.r.o.
The Czech law office in Prague ECOVIS ježek practices mainly in the area of Czech commercial law, Czech real estate law, representation at Czech courts, administrative bodies and arbitration courts, as well as Czech finance and banking law, and provides full-fledged advice in all areas, making it a suitable alternative for clients of international law offices. The international dimension of the Czech legal services provided is ensured through past experience and through co-operation with leading legal offices in most European countries, the US, and other jurisdictions. The Czech lawyers of the ECOVIS ježek team have many years of experience from leading international law offices and tax companies, in providing legal advice to multinational corporations, large Czech companies, but also to medium-sized companies and individual clients. For more information, go to www.ecovislegal.cz/en.