Good governance / Legal Reform and Transparency
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Spotlight issue
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Summary of the amendment to the corporate law and specific recommendations
An amendment to the Business Corporations Act will become effective from 1 January 2021. The new regulation brings fundamental changes to corporate law, introduces new institutes and options, tries to clarify practical problems of interpretation, and approves – but also refutes – some conclusions reached by the case law during the past six years. Finally, the amendment eliminates some legislative-technical shortcomings.
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Establishing companies online in Czechia – another step towards full digital governance
The EU Digitalisation Directive makes it possible to create a company (and pay up the company’s capital stock) remotely from anywhere, even one’s garden or cottage, as long as the founder has internet access.
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Current information on travel restrictions from the Czech Republic
Germany has enacted restrictions on entry from the Czech Republic as of September 23, 2020 in the face of rising numbers of COVID-19 infections in the Czech Republic.
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