Doing Business in Slovak Republic – 2019

Executive Summary This paper is intended to guide foreign investors through the business environment in the Slovak Republic. In addition to general information about the Slovak Republic, this paper includes information on establishing a business, investment incentives, employment, competition, intellectual property, taxation, real estate (including construction) and enforcement of law. Section 1, General Information, contains […]

Using the regular financial statements of joint stock companies for profit distribution in the following accounting period

During the effective period of the previous legislation, the Supreme Court concluded that the 6-month period for convening the annual general meeting counted from the end of the last accounting period also represents the last day for using the regular financial statements for profit distribution in joint-stock companies. However, this meant that, after this period, […]

Aleš EppingerPartner, Schaffer & Partner

Using the regular financial statements of joint stock companies for profit distribution in the following accounting period

During the effective period of the previous legislation, the Supreme Court concluded that the 6-month period for convening the annual general meeting counted from the end of the last accounting period also represents the last day for using the regular financial statements for profit distribution in joint-stock companies. However, this meant that, after this period, […]

Šárka GregorováPartner, Schaffer & Partner

Aleš Eppinger of Schaffer & Partner takes part in Negotiating Effective Contracts & Dealing with Disputes

QUESTION ONE – Which techniques are typically used by international counterparties in your experience to overcome challenges in the negotiation process? Always carefully assess in advance which party needs the other more and act accordingly during the negotiations (i.e. adjusting requests, insistences, concessions, deal breakers). Bold negotiation of the key provisions in a contract can […]

Aleš EppingerPartner, Schaffer & Partner

No Translations and Apostille will be no longer needed for Criminal Record Certificates within the EU

The duty to present a Criminal Record Certificate is an inconvenience well-known to many EU citizens interacting with authorities of another member state. It is true that most member states perform the necessary checks themselves when it comes to their own citizens, and the competent authorities can thus obtain information regarding the person’s criminal history […]

Šárka GregorováPartner, Schaffer & Partner

No Translations and Apostille will be no longer needed for Criminal Record Certificates within the EU

The duty to present a Criminal Record Certificate is an inconvenience well-known to many EU citizens interacting with authorities of another member state. It is true that most member states perform the necessary checks themselves when it comes to their own citizens, and the competent authorities can thus obtain information regarding the person’s criminal history […]

Aleš EppingerPartner, Schaffer & Partner

General Introduction of the Reverse Charge Mechanism

At the October meeting of the Economic and Financial Affairs Council (ECOFIN), a proposal was approved on the possibility of general extension of the VAT reverse charge mechanism to domestic taxable transactions. The principle of reverse charge simply moves the obligation to pay tax from the supplier to the customer. At present, this principle is […]

Šárka GregorováPartner, Schaffer & Partner

General Introduction of the Reverse Charge Mechanism

At the October meeting of the Economic and Financial Affairs Council (ECOFIN), a proposal was approved on the possibility of general extension of the VAT reverse charge mechanism to domestic taxable transactions. The principle of reverse charge simply moves the obligation to pay tax from the supplier to the customer. At present, this principle is […]

Aleš EppingerPartner, Schaffer & Partner

UK-expats – do not lose your residence in the Czech Republic after Brexit – learn how can you keep your rights

According to the EU law, UK citizens may stay and work freely in the Czech Republic without any required permits being (e.g. visa, work permits etc.) Nevertheless, on 29 March 2019, the situation is about to change with the withdrawal of the United Kingdom from the European Union. The legal status of UK citizen has […]

Aleš EppingerPartner, Schaffer & Partner