Opening a bank account in Czechia
Our team of specialists will help you open an account remotely in the Czech Republic. We open all types of bank accounts for all types of companies, including payment institutions, fintech and offshore companies, trust funds, regardless of the jurisdiction of the company registration or residence.
Personal account
Current account
LORO and NOSTRO accounts
Guarantee account
Correspondent account
Account for share capital
Main stages:
1. Business plan
2. Bank selection
3. Preparation of a package of documents
4. Bank account agreement
Documents for opening a bank account in the Czech Republic:
Business account for legal entities
- Provide formation (incorporation) documents, personal ID of all of the founders and directors of the company
- Detailed description of the business model of the company
- Justify the economic attachment/relation to the Czech Republic
- Provide contracts with partners and clients in the Czech Republic
Personal account for individuals (non-residents)
- Provide personal ID
- Provide evidence of the legal origin of the funds and assets available
- Justify the economic reason for opening an account in the Czech Republic
Unblocking the funds in the Czech bank account
Reasons for blocking a bank account:
- Violations of bank regulations
- Suspicions about the legitimacy of the account or origin of the funds
- Unintentional errors by the bank or state authority
- Internal bank policy
- Decision of the tax authorities
- Decision of a judicial or administrative authority of the Czech Republic
- Changes in the Czech legislation
Unfortunately, it can take a long time to release blocked funds from financial institutions, which could naturally have a detrimental effect on business activities and development of the enterprise. If your account is blocked, we recommend that you immediately seek legal advice from an attorney so that you can take immediate measures in order to retrieve your funds. Our team of specialists will create a plan to lift the bank restrictions. We will protect your professional reputation.
