Head of International Corporate Law and Fintech Practice
Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.
Opening a bank account for legal entities in the Czech Republic
Opening a bank account for a company is an important step in the process of doing business abroad.
The Czech Republic, with its stable economy and openness to international investors, is an attractive place to set up a business. However, the procedure for opening an account for legal entities has its own peculiarities that should be taken into account.
The law firm “Prikhodko and Partners” specializes in international corporate law and fintech, which allows us to provide clients with high-quality support when opening bank accounts in the Czech Republic.
How to open a bank account for a company?
To open a bank account in the Czech Republic, a company must go through several main stages:
- Choosing a bank: banks in the Czech Republic offer a variety of services, so it is important to choose the one that best suits your business needs.
- Preparation of necessary documents: each bank sets its own list of requirements.
- Application submission: in person or through an authorized representative.
- Bank due diligence: This includes an analysis of the company’s operations, sources of funds, and owners.
What documents are required?
The following documents are usually required to open an account:
- Company registration documents (extract from the trade register, articles of association, etc.);
- Identification data of owners and directors (passports, proof of residence);
- Documents confirming the company’s business activity (contracts, invoices, business plan);
- Letter of recommendation from another bank (in some cases);
- Questionnaires and applications established by the bank.
The law firm “Prikhodko and Partners” helps with the preparation of all necessary documents and their translation into Czech.
Basic requirements
Key requirements for opening a bank account include:
- Having a registered company in the Czech Republic or another EU country;
- Providing a full package of documents in accordance with the bank’s requirements;
- Compliance with Czech legislation on financial transactions and anti-money laundering (AML);
- Personal presence of the director or trustee in some cases.
Opening procedure
The account opening process is as follows:
- Bank selection: analysis of proposals and consultation with lawyers.
- Collection of documents: preparation and verification of documents in accordance with the bank’s requirements.
- Submitting an application: submitting documents to a bank branch or online.
- Bank verification: verification of documents, company history and sources of funds.
- Account opening: after successful verification, the bank activates the account.
How much does it cost to open a bank account in the Czech Republic?
The cost of opening an account depends on several factors:
- Bank fees: usually opening an account costs between 100 and 500 euros;
- Additional services, such as document translation or notarization;
- Legal support, if you use the services of lawyers.
The company “Prikhodko and Partners” offers transparent prices for legal support services, taking into account all the needs of the client.
Main difficulties when opening an account by legal entities
Among the main difficulties can be identified:
- High requirements for documents;
- Long inspections banks of origin of funds;
- Language barrier when communicating with bank employees;
- Bank refusals due to lack of information or suspicion of illegal activity.
Specialists of “Prikhodko and Partners” help minimize the risks associated with bank refusals, providing comprehensive support at every stage.
Is there an alternative to a bank account?
If opening an account at a traditional bank is difficult, there are alternatives:
- Fintech solutions: accounts in online banks such as Revolut, Wise or Payoneer;
- Electronic payment systems: Stripe, PayPal for business transactions;
- Corporate wallets on cryptocurrency platforms.
The law firm “Prikhodko and Partners” also provides consultations on the selection of fintech solutions.
How do we help with opening a bank account in the Czech Republic?
“Prikhodko and Partners” offers a full range of services for opening a bank account in the Czech Republic:
- Legal support: situation analysis, document preparation, communication with banks;
- Consultations: choosing the most suitable bank or fintech solution;
- Accounting services: assistance with tax reporting and financial accounting;
- Translation and notarization documents.
Thanks to many years of experience in international corporate law, we guarantee a quick and efficient resolution of clients’ issues, providing an individual approach to each project.
Contact us for high-quality and reliable support when opening bank accounts in the Czech Republic.
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during the day
Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
Business registration and support in the EU
Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
Business registration and support in USA
Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
European Court of Human Rights (ECHR)

