Czech Republic

Ease of Doing Business in

Czech Republic

This page summarizes Doing Business 2014 data for the Czech Republic. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 10,514,810
GNI Per Capita (US$) 18,130
City covered Prague
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
75 68 down -7

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
66.46 65.70 down 0.76
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 146 DB 2013 Rank*** 140 Change in Rank down-6
DB 2014 DTF** (% points) 79.12 DB 2013 DTF** (% points) 79.12 Improvement in DTF** (% points) 0.00

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Czech Republic OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
19.5 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
8.2 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
29.5 10.4
No. Procedure Time to Complete Associated Costs
1 Check for uniqueness of company's name Less than one day (online procedure) no charge
2 Obtain extracts of criminal record and real estate at Czechpoint Offices 1 day CZK 200
3 Notarize articles of association 1 day CZK 20,540
4 Obtain confirmation of the administrator of the capital contribution of the company, along with the confirmation of the bank that the capital contribution is held in the company’s special bank account 2 days no charge
5 Register with the Trade Licensing Office and obtain extract of the trade license 5 days CZK 1000
6 Register in the Business Registry of the Regional Commercial Court 7 days CZK 6,000 (paid in the form of court stamps)
7 Register for taxes 1 day no charge
* 8 Register for social security 1 day (simultaneous with previous procedure) no charge
* 9 Register for health insurance 1 day (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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