Trusts
Setting Up a Czech Trust (Svěřenský Fond)
- Setting up a trust around the settlor’s objectives.
- Transferring assets into the trust, including assets held abroad.
- Passing assets to family members on terms set by the settlor.
- Ongoing administration: bank account, tax ID, annual accounts.
We help business owners and families with significant assets separate those assets from their personal estate and decide in advance when, to whom and on what terms they will pass — from setting up a Czech trust to its annual administration.
Attorney registered with the Czech Bar Association (ČAK).
- Do you want to transfer your property to your loved ones and be sure that the property will be transferred without any problems?
- Is confidentiality regarding your assets important to you?
- Do you want to hide your property from third parties?
Our law firm provides services for the establishment and management of a trust in Czech Republic with a guarantee of the successful transfer of your assets to a third party. We will help you with the transfer of your assets to the trust, help you with opening of a bank account, obtaining a VAT number for your fund and we will prepare and send financial statements for each past year to the tax authorities.
How does a trust in Prague work?
What is necessary for establishment and creation of a trust?
- your data
- description of your property (we transfer it to the trust). Only the notary and the trustee have a wish list.
- power of attorney with a verified signature (in case you cannot be present while establishing the trust)
- information about the beneficiary (to whom we will transfer the property in the future)
- a wish list created by the founder for the beneficiary (under what conditions, when and to whom it is necessary to transfer property)
- the purpose of a trust and information on the duration of a trust
Our Services
→ Setting Up the Trust
- Defining the trust’s purpose and duration
- Drafting the trust statute
- Designating the beneficiaries (obmyšlený)
- Appointing the trustee (svěřenský správce)
→ Transferring Assets
- Transferring assets into the trust
- Real estate, cash, securities and company shares
- Assets located outside the Czech Republic
- Transfer by agreement or by will
→ The Settlor’s Wishes
- Conditions, timing and recipients of distributions
- Providing for family members after the settlor’s death
- Ensuring assets are used in line with the settlor’s wishes
- Trusts for business activity and investment
→ Trust Administration
- Opening an account with a Czech bank
- Registering the trust with the tax office (DIČ)
- Preparing and filing the annual financial statements
What We Will Need From You
- Your details as the settlor
- Description of the assets you plan to transfer into the trust
- Details of the beneficiaries
- The trust’s purpose, duration and the terms for transferring assets
- Power of attorney with a certified signature, if you cannot attend in person
Contact us for a consultation on setting up a trust in the Czech Republic and transferring family or business assets into it.
Legal Consultation Fee
5 000 CZK (200 €) / hour + VAT
