Quick Guide to Company Registration in Slovakia: From Documents to VAT Number

Non-residents can register their company in Slovakia. By following the correct procedure, they can take advantage of government incentives and favorable business conditions. Learn about the specifics of company registration in Slovakia to avoid potential complications.

How Does the Process of Starting a Company Work?

Once you’ve confirmed that you’re eligible to start a business here, you can take the next steps. Follow these steps:

1. The legal structure is selected - an SRO, AS, or sole proprietorship.
2. Documents are prepared. These include 3 proposed business names, a description of the business activities, a business plan, and the passports of the shareholder and director.
3. The addresses of the shareholder and director are verified, for example, through utility bills.
4. A temporary corporate bank account is opened. 
5. Documents are submitted to the Commercial Register. The uniqueness of the name is verified, the registered address is specified, and the signed documents are attached. The application is submitted via an electronic system, and a state fee of €150 is paid.
6. After registration, the firm receives an IČO, DIČ, and, if necessary, a VAT number.

Once you’ve completed the steps listed above, you’ll see just how promising this country is. Especially if you plan to expand and do business in the EU.

Additional Requirements

To register a corporation, you must contribute authorized capital. The amount depends on the chosen legal form. For a limited liability company, €5,000 is sufficient, with each shareholder required to contribute at least €750. For a joint-stock company, the amount is higher - €25,000 with no limits on the amount of shares held by members.

Proof of no outstanding tax liabilities must be provided. A resident has to submit a certificate, while a non-resident may request the document from the tax authority in their home country.