Company Registration in Slovakia and Its Legal Requirements
Registering a company begins with choosing a business structure and a name. The process involves legal and administrative steps that culminate in the entry of the company’s details into the Commercial Register. For small and medium-sized firms, the most common choice is an s.r.o., which is equivalent to a limited liability company. The government portal provides a separate registration procedure, and information about companies is available through the Commercial Register.
Preparing Documents and Choosing a Business Structure
Company registration in Slovakia involves several steps. First, you choose a legal structure. The law provides for an s.r.o., a joint-stock company, a general partnership, a limited partnership, and a simple joint-stock enterprise. An s.r.o. is most often suitable for small and medium-sized firms due to its simple structure and limited liability.
Next, you need to choose a company name and verify that it is unique. The business must have a legal address in Slovakia, confirmed by documentation.
The next step is to select the types of business activities. The country distinguishes between unrestricted, craft-based, and regulated sectors. For craft-based and regulated sectors, documents proving education or experience may be required.
For an s.r.o., the minimum capital is 5,000 euros. A single shareholder’s contribution must be at least 750 euros. The total contributions must meet the required capital amount.
Basic Information on Registration in the Commercial Registry and Obligations
The founders prepare a resolution or an agreement, depending on the number of shareholders. They also confirm the company’s address, business activities, and capital. The application is filed with the Commercial Register. The fee for electronic filing is 150 euros. Once registered, the company is authorized to operate. The business then fulfills its tax and insurance obligations and uses an electronic mailbox for official communications.