Association for Foreign Investment

ASB Prague

ABOUT US

We are a Czech consulting company operating in several key countries in Central and Eastern Europe.

We offer comprehensive services for foreign investors. The wide range of our services includes establishment, administration, management and liquidation of a company. After providing clients with local companies, we take care of the companies so that investors can fully concentrate on their core business.

ASB is specialized in comprehensive accounting, financial reporting, payroll and external management, where we actively collaborate with clients on the management of their local companies. The clients thus obtain qualified managers from the ASB team who proceed with all administrative, corporate, as well as economic issues and who look for effective ways to deal with them. The individual client's approach and new complex solutions are the crucial points of our philosophy: "Always Smart Business."

WHAT MAKES ASB UNIQUE

• Comprehensive package of services
• Perfect knowledge of the local market
• Unique know-how in company management
• Extensive experience with foreign investors
• Individual approach, effective solutions, top quality
  

OUR SERVICES

I COMPANY FORMATION

• Shelf companies (ready-made companies)
  Newly-established companies ready to do business; the most common legal entities are "s.r.o." (limited liability company) or "a.s." (corporation, joint-stock company)
  
• Establishment of a new company and ensuring all of the company's operations, including cross-border corporate structures
• Compliance with legal requirements on the local market
  

II MANAGEMENT & NOMINEE SERVICES

• External management of companies
  Completely provided by our experienced trust manager, covering start-up, a temporary local operation or a day-to-day business in the offshore/nearshore location.
  - Coordination and active support of projects
  - Project proposals, paying attention to an effective realization
  - Undertaking responsibilities for an adherence to all valid statutory duties
  - Representing clients at all meetings with relevant authorities and institutions
  

• Providing statutory and supervisory bodies

• Economic and organizational consultancy
  - Support for the provision of the investment projects' financing
  - Compliance with all regulatory requirements
  

III COMPANY ADMINISTRATION

Administration services for foreign investors, property funds, venture capital (private equity) funds, shared-services centres, etc.

• Complex administration services
  - Arranging shareholders' and statutory representatives' meetings by request
  - Communication with authorities, suppliers, tenants, etc.
  - Keeping corporate statutory books and registers
  

• Cash management

  - Opening and maintaining bank accounts
  - Processing payments, SWAP transactions, bank loans

• Secretarial services

• Providing registered offices

• Fund administration and accounting
  

IV LIQUIDATION OF A COMPANY

• Qualified and complete handling of the whole liquidation process
• All legal, accounting and tax issues
• Covering the transition from accounting of an operating company, through necessary analyses and the whole liquidation process, to removing the company from the Commercial Register
  

V ACCOUNTING SERVICES AND CONSULTANCY

• Maintenance of the company's accounting
• Bookkeeping
• Tax returns, VAT
• Arranging for an audit
• Ensuring compliance with local legal requirements and tax optimization
• Representing a company at financial offices
  

• Preparation of statutory financial statements

  Financial statements based on CAS/SAS/PAS, IFRS, US GAAP etc.
  

VI FINANCIAL REPORTING AND SPECIALIZED SERVICES

• Reporting packages in accordance to CAS/SAS/PAS, IFRS, US GAAP etc.
• Finance services for SPVs (Special Purpose Vehicles)
• Consolidation according to CAS / IFRS
• Due diligence and M&A consultancy
• Assistance with project financing

VII PAYROLL AND PERSONNEL CONSULTANCY

• Payroll services
  - Complete processing of salaries and wages
  - Processing of controls and representing at relevant state authorities
  - Payroll reports, tax returns
  - Disbursement of salaries, taxes and social security contributions
• Personnel consultancy
  - Complete preparation of labour-law documents including internal company directives
  - Individual solutions according to clients' needs
• Payroll audit

 

SELECTED REFERENCES

• Ahold CR
• C. Le Masurier
• Central European Industrial Fund
• Deutsche Börse
• Hunter Property Fund Management
• Markland Holdings
• MidlandHR
• Mitsui & Co. / Transfreight Automotive Logistics Europe
• New Star Global Property Management
• Pradera - AM PLC
• Queensway Hospitality
• TELE2
  

ASB Prague is very active in Association for Foreign Investment. For more information click here.