Czech Republic A.S.

A.S. is a legal entity in the Czech Republic, with the full name being Akciová Společnost. It is a type of joint-stock company with limited liability. A.S. can participate in the market publicly and requires at least one shareholder and one director. Unlike companies in other countries, A.S. does not need to appoint a legal representative or have a local person serve as a director. Additionally, A.S. does not require a company secretary. According to Czech law, the minimum registered capital for A.S. is 2,000,000 Czech crowns (or 80,000 euros if the company keeps its accounts in euros), and the share premium and at least 30% of the nominal value of the shares must be paid into the contributions administrator's bank account before the registration petition is filed. The company chooses either a board of directors and a supervisory board (dualistic system) or an administrative board alone (monistic system); each board has three members unless the articles set another number. Overall, A.S. is a flexible legal entity suitable for businesses wishing to operate in the Czech Republic.