Registration of Company in Slovakia

Company registration in Slovakia

A citizen or a non-resident of the specified country can register company in Slovakia using help of Law & Trust International. The lawyers provide essential information concerning the latest changes in legislation, conduct free consultations regarding the organizational and legal forms of companies to be registered and answer the questions from clients.

The applicant shall provide the specialists with considerably small package of documentation that will include personal data and information about business. Before applying, it is necessary to prepare a name for the company in Slovakia, determine its scope of activities and choose the form of business entity.

Naming is developed by the client, and assistance in selection of the organizational and legal form, collection of the full package of documents and legal support of the company registration process in Slovakia are the tasks of lawyers of Law & Trust International.

Offshore companies in Slovakia

Registration of offshore company in Slovakia is not carried out by our lawyers. The establishment of offshore company in Slovakia is unacceptable due to the lack of tax-free zones. However, the founder can choose cost-effective system of paying taxes at low rates without registering offshore company in Slovakia.

Companies in Slovakia: types and features

1. Establishment of company in the territory of Slovakia is the basis for the subsequent business migration of the membership of the board, beneficial owners, shareholders or owners themselves.
2. Regardless of the citizenship of the founder in the territory of Slovakia, neither the owner nor his company pay taxes from the dividends received.
3. In order to register company in Slovakia, it is not necessary to transfer the applicant into the status of legal entity. Sole proprietorship can be registered on natural person.
4. The company operating in any of the offshore zones also has the right to be registered in Slovakia as the legal entity and establish subsidiaries in all the EU countries.

LLC (Limited Liability Company)

It is the most common type of organizational and legal form when registering companies in Slovakia. Before submitting the application for establishment, the client should be aware of: the future name of the company, the amount of the contribution as the authorized capital, the composition of the founders and general directors, the type of activity, and the legal address of registration.

LLC is obliged to comply with certain requirements and restrictions:

1. Minimum amount of the authorized capital shall be from 5 thousand euros. The number of participants of the shares should not exceed 50, and minimum contribution of each participant can not be less than 750 euros.
2. The process of registration of company in Slovakia implies complete absence of the applicant’s debts to the tax inspection, in the event when the applicant is the resident of Slovakia. For foreign entrepreneurs, an extract from the tax authorities is required on private request.
3. According to the provisions of legislation of Slovakia, one of the general directors of the company shall be the resident of the country or have residence permit. The lawyers of the company Law & Trust will help you to obtain residence permit.

Private entrepreneurship

The registration of business in Slovakia in this organizational and legal form has one important advantage, that is low level of expenses when establishing. However, in contrast to the LLC, the private entrepreneur is obliged to pay for medical insurance, and the business can not be expanded or sold, if the residence permit exceeds time limit or there are problems with obtaining it, then the establishment of entrepreneurship will become impossible.

Joint Stock Company

The lowest amount of the authorized capital is from 25 thousand euros, and the entire contribution is divided into shares with certain value. All the shares in this jurisdiction are registered, and bearer securities are not used. The most prevalent case of registration of public or private joint stock company in Slovakia is when the number of shareholders exceeds 50 people.

Law & Trust Company registers all types of companies, as well as cooperatives. You can submit the application at any time: website, phone and chat are available during working hours, and the applications can be sent to the e-mail at the weekend.