Your Business Account in Czech Republic 🇨🇿

Yes, foreigners can generally open a business bank account in the Czech Republic provided their business has economic substance in the country. Specific requirements and procedures can differ across banks. It is advisable to contact the chosen bank directly for accurate information on their account opening process for foreigners.

Opening a business account as a non-resident in the Czech Republic may be more challenging compared to opening an account as a resident. Be ready for some paperwork, in-person visits and compliance with bank procedures but is still possible. It's advisable to contact the bank directly for accurate information and assistance.

To open a business bank account in the Czech Republic, you typically need to provide identification documents, proof of business registration, company documents, proof of address, and sometimes additional information or references depending on the bank's requirements.

Yes, some banks in the Czech Republic offer digital account opening services, but procedures may vary and may still require in-person visits for activation. Check individual bank requirements for up-to-date information.

However, you don't need a local Czech bank to start sending or collecting payments in CZK. Consider MultiPass multicurrency IBAN with fully online onboarding.