Company registration in Slovakia

Slovakia is a small country in Central Europe that is considered fairly attractive for starting a business. It has been a member of the European Union since 2004 and joined the Eurozone in January 2009. The official name of the state is the Slovak Republic.

Slovakia is a country with a stable market economy. It is based on mechanical engineering, electronics, chemical industry, and agriculture. The IT sector, tourism, and energy production from renewable sources are actively developing. Foreign investment is welcome here, and non-resident businessmen can benefit from various tax advantages.

ADVANTAGES OF COMPANY REGISTRATION IN SLOVAKIA

Slovakia’s location makes it a successful place to register a business for subsequent entry to the European markets. In addition, this jurisdiction has other advantages, including:

economic and political stability;
transparent legislation;
business-friendly environment;
well-developed transport infrastructure;
government support for private businesses;
availability of highly qualified but inexpensive staff;
100% foreign ownership allowed;
availability of double tax treaties with more than 60 countries.

AVAILABLE TYPES OF BUSINESS ORGANIZATION IN SLOVAKIA

Among all legal forms of business structures available to non-residents in Slovakia, foreign investors most often prefer to register:

A.S. — an open joint stock company with limited liability. Its establishment requires at least two individuals or one legal entity, and the number of shareholders is unlimited. The minimum authorised capital is 25,000 euros. This option is most in demand by representatives of medium and large businesses.
S.R.O. is a closed limited liability company. One individual or legal entity can establish it, and the number of shareholders cannot exceed 50. The minimum authorized capital must be 5,000 euros, the entire amount must be paid into the account before submitting documents for registration.
Partnership. It is possible to establish a general or limited partnership. A minimum of two partners is required to register.

Companies already operating in other countries can open their branch in Slovakia. For this, appointing a local representative who can officially reside in the territory of any country of the European Union is necessary.

SPECIFICS OF COMPANY REGISTRATION IN SLOVAKIA

It is easy enough for non-residents to open an enterprise in Slovakia, it can be done both personally and remotely. In addition to the standard package of documents required for registering a company, the founders must confirm the presence of an official legal address in the country. Opening an account at a local bank is mandatory, and all subsequent transactions of the company must go through it. All documents must be submitted in Slovak and be certified by a local notary. After registration, a legal entity must undergo an authorisation procedure with local tax authorities.

Experienced specialists of COREDO will gladly take care of all the organizational hassles associated with registering a new enterprise in Slovakia, as well as provide accurate and up-to-date information on the intricacies of working and business reporting in the territory of this jurisdiction.

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