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ACCOUNT OPENING AND MAINTENANCE 
FREE OF CHARGE 

You can deposit funds in cash or by a bank transfer

Deposits are by law insured

Money available to you after registration in the Commercial Register

OTHER BENEFITS OF THE ACCOUNT

  • Account for registered capital payments may be opened in different currencies, such as CZK, EUR, or USD

  • Following registration in the Commercial Register, the account becomes your standard business account, with the same account number

  • Free registered capital payment confirmation that is required in connection with your petition for registration in the Commercial Register.

  • We will form a company for you - online application process at no extra cost.

How to get this product?

By phone

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Account for registered capital payments is intended for

Account for registered capital payments is intended for

It is intended for anyone forming a new company with associated contributions and payments - provided they are required by law to deposit registered capital, foundation capital, etc. in a specialised account for registered capital payments. For example:

  • In case of limited liability companies (s. r. o.) – for the payment of monetary contributions to the registered capital of a limited liability company prior to its incorporation
  • In case of cooperatives (incl. housing cooperatives) – for the payment of cooperative members’ contributions to the registered capital of a cooperative
  • In case of joint-stock companies (a. s.) and European companies (SE) – for the payment of the issue price of shares subscribed upon formation of a joint-stock company/European company
  • In case of foundations and institutes – for the payment of monetary contributions to a foundation / endowment fund / institute prior to its incorporation

In order to form a company (e.g. a limited liability or joint-stock company), you will also need to:

  • Execute a Memorandum of Association in the form of a notarial deed;
  • Deposit registered capital of the company, or any part thereof, to a specialised account for registered capital payments, with the minimum registered capital amount being CZK 1 (Section 142 of the Commercial Code);
  • Hold the necessary trade (business) licences depending on the type of activity;
  • File a petition for registration in the Commercial Register with the competent registration court, with subsequent registration of the company in the Commercial Register;
  • Register your company with the financial administration (tax office).

The “Firma pro vás” service will assist you with the company formation process and will handle everything for you at no extra cost.

USEFUL INFORMATION

  • We will open an account for registered capital payments at the request of a contribution administrator (e.g. founder – both individual and legal entity)
  • At that moment, the relevant account shall be used for the payment of registered capital of the company, cooperative, foundation, etc. being formed
  • Payment amount must be specified in a Memorandum of Association or similar document
  • Prior to the registration of the company in the Commercial Register, any funds in the account for registered capital payments may by law only be used by a contribution administrator, in one of the two following ways:

       1. Settlement of any formation expenses associated with the company formation –             e.g. fees for registration in the Commercial Register/Trade Register, expenses                     incurred in connection with legal and notarial services, etc.;

       2. Refund any funds to depositors – in the event a court rejects the relevant petition         and refuses to register the company in the Commercial Register.

  • Account statements free of charge – either electronic statements (any frequency) or daily paper-based statements (in the event of account activity)
  • Following the registration of the newly formed company in the Commercial Register, we will convert your account for registered capital payments to a standard business account (e.g. a Profi Account) with the same account number.
  • Funds may subsequently be used by a statutory body of the company (e.g. Executive Directors of a limited liability company or Members of the Board of Directors of a joint-stock company). At that moment, it is also possible to set up account access for authorised individuals (e.g. accountants).

Who can open this account?

An account for registered capital payments may be opened by a contribution administrator – either an individual or a legal entity.

In case a legal entity acts as a contribution administrator, it usually appoints one person who can subsequently dispose of the funds as well. This may be a Member of the Board of Directors, founder, shareholder, or a third party.

You will need to supply the following:

  1. Once your company is registered in the Commercial Register, please contact your relationship manager. It is not necessary to present an extract from the Commercial Register.
  2. Together with your relationship manager, you will agree on converting your account for registered capital payments into a standard business account, such as a Profi Account. The account number will remain the same.

Good to have

Profi Account
Account with smart features
and additional services
  • Withdrawals from our ATMs and the first 50 transactions free of charge
  • Authorized debit up to CZK 3,000,000