Are you looking more details about the process of Slovak company formation? Do you need information about the types of companies available for registration in Slovakia?
We would like to invite you to find out more important details on how to open a company in Slovakia, together with all available types of companies in Slovakia to the company registration procedure.
Slovak company formation in Slovakia
If you want to set up company in Slovakia, there are no limitations for foreign investors. Any foreign natural or legal person can choose any form of company either together with other foreign or Slovak persons or alone as a sole shareholder.
The Commercial Code in Slovakia regulates the corporate forms and all business (entrepreneurial) activities for the purpose of making a profit.
Slovak company formation – Registration in 5 steps
1. Choose the type of Slovak company formation
Firstly, you have to choose type of your legal entity. The most popular form of Slovak company is „Ltd.“, so called „s.r.o.” in Slovakia. You can of course choose other type of partnership and start your Slovak company formation.
2. Choose company name
You can choose your company name according to the type of your business or focus of your production.
3. Choose a type of your business
Most business activities are free, but some need a license. In a case of license, a Slovak resident with a license has to be engaged.
4. Prepare all documents for incorporation
Director of company needs a clean criminal record. Non-EU/EEA citizens have to prepare a work and residence permit in Slovakia if they have no citizenship in an OECD country. A work and residence permit in another EU/EEA country is not sufficient for Slovak incorporation.
Every director can choose for single or joint signature. You can limit the amount of competence of each director and to register this limit in the commercial register. This form enables to employ an additional local director to gain more advantages for tax purposes.
In case of shareholders, there has to be board resolution and notarized extract of commercial register plus apostille. A supervisory board is in most cases not compulsory.
Finally you have to find out whether you need a §4 VAT number – „DPH”.
5. You can start your business as soon as it is registered
You can check your new business on orsr.sk. It will be visible on this webpage.
If you are not sure what exactly you need for Slovak company formation, send us an email with key information for new company formation. We can assist you with such activities are: accounting, payroll administration, VAT declaration, intrastate declarations, financial reporting or statistical information.
If you are busy, we can prepare all documents for incorporation. You will only sign them. We will accompany you to the notary and ensure for you trade license, commercial register and corporate income tax number. In addition, we can prepare application for the mandatory electronic mailbox for the communication with the government
If you want to avoid long distance travel, you can form a company from distance or to take over a company without coming to Slovakia. We are ready to assist you with the whole procedure from distance. In that case it is only needed notarized signature(s) and a power of attorney plus apostille.