Czechia

Czechia is a member of the European Union (EU). The EU adopts a single market where businesses can trade and move freely within the EU member countries. 19 of the EU countries use the euro as their national currency.

The country information in brief.

CapitalPrague
Date joined the EU1 May 2004
National currencyCzech koruna (CZK).

Czechia is currently preparing to adopt the euro.
Date joined the Eurozone
LanguagesCzech
Czechia businesses wanting to expand into the UK marketTo contact the Department for International Trade Czechia.
Help and support for British nationals in CzechiaTo contact the British Embassy Prague

Doing business with the UK

The UK government encourage UK businesses to trade internationally and also welcome foreign businesses into the UK.

UK businesses expanding into overseas markets

If you are a UK business and would like to expand your business overseas, you may contact the Department for International Trade regional offices in the UK. They provide support and help to businesses.

Overseas businesses expanding into the UK market

If you would like to expand your business in the UK, you may contact the British Department for International Trade in your home country. Click here for the Department for International Trade offices worldwide.

Generally, an overseas company wants to set up a place of business in the UK must register with Companies House. You must register your overseas company within one month of opening for business in the UK.

Our accountants can help you to register your overseas company.

Get information about a UK company

Companies House maintain a public register of businesses registered with them. The information you can get include the following:

Continue to live in the UK after Brexit

There are immigration rules you need to be aware of, if you would like to continue to live in the UK after Brexit. Especially, if you are a citizen of an EU or EEA country or Switzerland and is running a UK business.

Unless, you have obtained your British passport or you are an Irish citizen. Then, you do not need to do anything to continue to live in the UK after Brexit.

EU countries

The (European Union) EU countries include:

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Republic of Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • United Kingdom

EEA countries

Whereas, the (European Economic Area) EEA countries include:

  • Iceland
  • Liechtenstein
  • Norway

Switzerland

Switzerland is neither EU or EEA member but is part of the Single market. This means Swiss nationals have the same rights to live and work in the UK as other EEA nationals.

In summary, the Single market is made up of 28 countries which allows free movements of goods, capital, services and people between member states. UK is leaving the single market economic and political union.

Permanent residence document

For example, you hold a valid permanent residence document issued by the UK Home Office. For Brexit purpose, your permanent residence document would not be valid after 31 December 2020.

Types of permanent residence documents include:

  • a certificate inside your blue residence documentation booklet or pink for Swiss national.
  • a certificate inside your passport
  • a biometric residence card confirming permanent residence.

Continue to live in the UK after 30 June 2021

Thereafter, you would need to either, apply to the EU Settlement Scheme or apply for British citizenship to continue living in the UK.

For this purpose, the EU settlement scheme is open and you can apply now. Do not wait until the last minute.

You can still apply for your British passport at a later date after you applied to stay under the EU settlement scheme.

On the other hand, If you would not wish to continue to live in the UK after Brexit, you can stay in the UK until 30 June 2021.

Brexit with no deal scenario

Companies House has issued a guidance to prepare UK companies in the event of brexit with no deal scenario. Of course, we are all desire the best deal scenario that is UK would leave EU with a deal. Deal or no deal on Brexit, we all recognize that UK government is moving the country forward independently which is a great move. We have great confidence that UK will roar with deal or no deal. We can do it!

Deal or no deal?

Brexit may have created uncertainty. With deal or no deal, this will soon pass. We, human beings can adapt to changes fairly quickly. If we can adapt then your business can adapt too because you are the one driving your business forward.

Changes affect companies on Brexit

Companies House has issued a guidance for businesses that may require to change its legal status in the event of Brexit with no deal scenario.

At the moment, according to the guidance, businesses that may be affected are as follows.

  • A European entity formed under EU Law
  • A UK company with an EEA corporate officer
  • A UK company involved in a cross border merger
  • A EEA company

The guidance outlined what is going to happen to the businesses fall under the categories mentioned above. Thus, it is worth reading the guidance to find out what you would need to prepare and how you are going to do it on Brexit. In addition, the guidance also outlined what is going to happen if you do nothing about it.

Changes to Companies House forms

Companies House forms will change in the event of Brexit with no deal. For this purpose, Companies House has also issued a guidance on what forms changes on Brexit. For easy reference, the guidance categorized the forms into the following.

  • Corporate officers
  • Societas Europaea (SE)
  • European Economic Interest Grouping (EEIG)
  • Confirmation statement
  • Cross border mergers
  • Overseas companies
  • Discontinued forms after Brexit.

Click here for the guidance on changes to Companies House forms in the event of no-deal Brexit. If you have any questions, do not hesitate to contact Companies House or our accountants.

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