There are various ways of doing business in Slovakia, but usually, entrepreneurs choose to set up a company in the country. It is advisable that you seek counsel from a Slovak lawyer who can guide you through all the company registration procedures and provide you with all the necessary details so as to operate your business as soon as possible.
The one who establishes the business can be either a natural person or a legal entity, that is, a foreign company.
One of the main stages for a business setup is the registration of the company in Slovakia. There are several stages of the registration process and various documents that need to be submitted in order to finish forming your company.
Depending on the type of company you choose to establish, the registration process can take up to a couple of weeks.
Our Slovak solicitors can help you throughout all the phases of registering a limited liability company (LLC) in Slovakia:
1. The first step of a company registration process is choosing a suitable name for the legal entity and to check its uniqueness at the Commercial Register, which is held by the District Court.
2. Then the company’s articles of association and other related papers have to be drafted and notarized at a notary’s office. There is also a fee that needs to be paid for the verification of the signatures at the Registrar’s Office. The District Authority of a municipality is also authorized to verify signatures.
3. The third step of registering a company in Slovakia is applying at the One-stop shop for a trade permit and registering for income tax. Our Slovak law firm will assist you with this process and explain to you all the implications of the procedures.
4. You also need to acquire a form from the tax authority showing the partners tax arrears. In case the tax debits of every partner are more than 170 euro, starting up an LLC will not be possible.
5. Another important step of establishing a company in the Slovak Republic is opening a bank account. Prior to registering the company, 50% of the minimum capital and 30% of each shareholder’s contribution have to be paid.
6. Last, but not least, you must register with unemployment insurance at the social insurance company (“Socialna poistovna”) and also with disability, pension and sickness insurance.
You can contact our law firm in Slovakia who will easily help you finish the registration procedure of your Slovak company in the shortest amount of time.
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