This article will focus on the theme of translation of your savings (money) in the Czech Republic. There are several variant’s. Option is to transfer money to the account entity, which registered or will be registered in the Czech Republic, and in which you will founder.

A legal person required to open an account in one of Czech banks in national currency (Czech crowns). Initially, at , this expense is paid share capital of the company amounting to 200 000 kroons. Before transferring money from Russia or other cis countries, you should contact your local tax office, a statement that you have an account foreign bank and asked for permission to transfer money abroad. This authorization will be grounds for transfer of money in Czech bank. When listing in any currency amount to an account in the Czech bank to be enrolled in czk Inland bank rate prevailing at the date of enrollment. Each Czech bank service is provided to maintain and service your account entity on the internet, so you be able to dispose of their funds from anywhere in the world.