If you want to open a company in Slovakia, our team of experts will advise you in the following article what you need in order to open a company in Slovakia in 2021.
1. Choice of trade name
The business name must be unique, i.e. it must not be registered in the Commercial register. If you want to check the originality of the name, you can click on the website www.orsr.sk. The trade name must not be interchangeable with the trade name of another entrepreneur. The change of trade name is a possible reason to initiate litigation.
2. Selection of the company’s registered office
You can open a company in Slovakia with its headquarters in your apartment, house or non-residential space, or use the offer of virtual offices. You will need the written consent of the property owner in order for the property to be registered as the company’s registered office in the Commercial Register or a lease agreement. If the property has several owners, you will need the written consent of an absolute majority of the co-owners and the signatures of the co-owners must be officially verified.
3. Designation of managers and partners of the company
The persons who establish the company must agree on who will be the partner of the company (owner) and who will be the manager (director) responsible for the management of the company. The same person can be a partner and a managing director.
4. Selection of types of business
You can choose from various types of business – from free sole proprietorship, business requiring professional or handicraft industry. In the case of business requring professional and handicraft industry, it is necessary to document professional competence in the given field (education or practice) or to appoint a responsible representative who meets the conditions stipulated by law.
5. Obtaining the consent of the tax administrator
Partners in company must not have indebtedness to the Tax Office, Social Insurance Agency and no execution may be conducted against them. If one of the partners has indebtedness, he must pay them and then request the consent of the tax administrator. Indebtedness to Health Insurance Company is not an obstacle to the establishment of Ltd.
6. Elaboration of statutory documents
If the company has several partners, articles of partnership agreement is required. If the company is established by a single partner, articles of incorporation is required.
7. Verification of signatures on documents
The signatures on the documents must be verified either at the registry office or directly with the notary. If the persons are abroad, the Embassy of the Slovak Republic can be used for these purposes.
8. Repayment of share capital
The minimum deposit of one partner must be at least € 750 and the capital stock (deposits of all partners together) must be at least € 5,000. After the establishment of the company, this money is deposited in the company’s cash register, but no one examines whether the deposits were really repaid. The capital stock can also be repaid to a bank account based on the name of the company on the basis of a partnership agreement (these are mainly cases where the amount exceeds € 5,000).
9. Application for the issue of trade licenses
The application together with the documents can be submitted in person or electronically at the Trade Licensing Office and the relevant fee must be paid for each type of business.
10. Entry in the Commercial Register
A proposal for entry in the Commercial Register may be submitted exclusively in electronic form.
11. Registration at the Tax Office
Each company is obliged to register with the Tax Office for the payment of income tax within 30 days of the registration of the company in the Commercial Register. The Tax Office has 30 days to assign the company VAT identification number and provide the company with a certificate of registration for income tax.
12. Activation of the electronic data box
The electronic mailbox is used for communication with public administration offices. If the manager does not log in to the electronic mailbox himself, the state automatically activates this mailbox within 10 days of registration in the Commercial Register. The manager of the company logs in to the electronic mailbox via an electronic ID card with a chip on the slovensko.sk website.
Our company can ensure the receiving of messages in the data box of your company on the basis of a power of attorney.