The Chamber of Deputies approved an amendment of Act No. 549/1991 Coll. on court fees on 9th March, 2016.
The amendment includes a new exemption from the fee for entering a limited liability company in the commercial regis- ter. However, it is not a general exemption; it will apply only where the following conditions are met:
- a commercial register entry is performed by a notary,
- the entry is made based on a notarial deed on a founding legal act establishing a limited liability company, which includes only the mandatory prerequisites prescribed by the Civil Code and Business Corporations Act, and
- the contribution obligation will be paid in cash only.
If a court performs the entry in a public register, or if the Memorandum of Association contains a more detailed treat- ment than is required by law, then the obligation to pay a court feel will remain.
The bill is a response to the preliminary requirements stipu- lated in Regulation of the European Parliament and of the Council (EU) No. 1303/2013, whose objective is to reduce the cost of establishing an enterprise to EUR 100.