I am citizen of the EU and I want to start something completely legit in Czech Republic. When do I need to register it as something? Some countries have individual activity up until certain sum, and then you have to register it as a business if you exceed that but I can't find information with translators in Czech and before I even begin, I cannot afford to go to lawyers or anything. And I don't want to have problems with tax agencies at any point. And nobody speaks any English around here so I was unable to get any information locally either.
Anyway, my activity would be resale business and targeted at Czech Republic customers and I am not planning for big profits which is why I want to know how to deal with taxation and what and if I need to register it as what if anything at all for now.
I will not have any employees, currently I do not have insurance or have to pay any support or anything like that.
Please ask something if it helps to answer!
Anyway, my activity would be resale business and targeted at Czech Republic customers and I am not planning for big profits which is why I want to know how to deal with taxation and what and if I need to register it as what if anything at all for now.
I will not have any employees, currently I do not have insurance or have to pay any support or anything like that.
Please ask something if it helps to answer!