Slovakia is a landlocked state in Central Europe. Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south. Slovakia joined both NATO and the EU in the spring of 2004. In January 2009, Slovakia joined the Eurozone, attracting more investment into the country. Foreign direct investment (FDI), especially in the automotive and electronic sectors, is very popular in Slovakia. Cheap and skilled labour, low taxes, a 19% flat tax for corporations and individuals, no dividend taxes, a relatively liberal labour code and an advantageous geographical location are Slovakia’s main advantages for foreign investors. Licensehub.in can assist you in setting up a Slovak company.
Setting up a Slovak Limited Company (SRO) – what are the main features/ requirements?
- Minimum Share Capital for a Limited company is €6000. Minimum one and maximum 50 shareholders. Each shareholder needs to invest a minimum of €750
- At least 30% of each individual contribution must be paid up prior to registration with the Commercial Register
- Limited Liability Companies in Slovakia must have a registered office address and all formal company documents must be kept at the registered office.
- A clear criminal record needs to be provided. This can be applied for in your home country. The procedure takes approximately 2 weeks and upon receipt this then needs to be Notarised and Apostilled, which takes another week.
Why Use licensehub.in to set up your Slovakian company?
- We provide expert help and advice in setting up your business in Slovakia from start to finish
- We will assist you every step of the way throughout the incorporation process
- We have an associate office in Slovakia to assist you after the company registered.
- We take care of the entire process from start to finish so you can relax knowing our experts will organise everything for you.
Setting up a Slovak Limited Liability Company – what are the main features?
- One person is sufficient to form a company
- The shareholders may be individuals or a limited company
- The liability of the owners of the company is limited to the sum of capital invested
- The total number of shareholders must not exceed 50
Setting up a Slovak Joint Stock Company – what are the main features?
- The company may issue and sell shares to the public
- A board of directors manages the company
- The shareholders’ liability is limited to the sum of capital invested
- The minimum number of shareholders is two
- When the shareholder is a limited company, one shareholder is sufficient
- A general meeting of the shareholders must be held within 60 days of founding the company
Banking in Slovakia:
Banking in Slovakia is relatively easy and straightforward.
In order to open a corporate bank account for your Slovakian company, a face to face meeting with the bank is not required. Some of the corporate account features include:
- Internet banking/remote access
- Multi currency accounts
- Debit/credit cards
- Low transaction fees
Speak with us today to see how we can open a Slovakian bank account for your Slovakian company.
Accounting in Slovakia:
Accounting and bookkeeping are an essential part of any new business. Licensehub.in can provide you with a tailor made accountancy/bookkeeping package to keep your Slovakian company compliant and in good standing with the authorities. We will be happy to work out the best solution for your Slovakian company. Contact us today to arrange a free consultation.
Licensehub.in can assist you in setting up a company in Slovakia, as well as a whole range of professional services which include:
- Registered/virtual office services in Slovakia
- bank account introduction
- Accounting/payroll services in Slovakia
- Licencing requirements in Slovakia
- Warehouse/premises identification in Slovakia
Contact Licensehub.in for more information on setting up a company in Slovakia.