Company registration in Slovakia

Registration fee is from 3800 €

Registration period — 3 weeks

Minimum authorized capital - 5000 EUR

Remote opening — yes

Financial statements — yes

Slovakia (Slovak Republic) is a country in the east of central Europe, bordering Ukraine, the Czech Republic, Poland, Hungary and Austria. The capital is Bratislava.

Today, Slovakia is one of the most attractive jurisdictions for doing business in Europe. Thanks to its membership in the EU, the country has a stable economy, which helps support small and medium-sized businesses with favorable tax rates and attracts foreign investors. The developed European infrastructure and the country's favorable location in the center of Europe attracts international trade, logistics and manufacturing companies. Slovakia is also attractive for IT companies, startups, and innovation companies, as the country has tax incentives and programs to support technology and investment projects.

One of the key features of registering a company in Slovakia is the need to obtain a license for any commercial activity. Licenses are divided into three main categories:

  • Non-regulated activities (free) - do not require proof of special education or professional qualifications.
  • Regulated activities - require special qualifications or education, or other permits.
  • Craft activities - require proof of professional training or experience in the relevant field.

For most businesses, such as international trade, logistics, transportation, IT and SaaS, consulting, marketing, free activities are used.

This type of permit can be obtained quite quickly, in a few business days.

The main forms of starting a business in Slovakia

  • Limited liability company (s.r.o.) - the minimum authorized capital is 5000 EUR. The income tax rate depends on the amount of profit (from 10%).
  • Joint-stock company (a.s.) - minimum authorized capital is 25,000 EUR. Suitable for large businesses and attracting investors.
  • Simplified joint-stock company (j.s.a.) - minimum authorized capital is 1 EUR. Suitable for startups.
  • General partnership (v.o.s.) - no minimum authorized capital is required. Profits are distributed among the partners and taxed at the level of the participants. Part of the profit is taxed at the level of partners, part - at the level of the company.
  • Cooperative (Družstvo) - minimum authorized capital is 1250 EUR. It is used for joint business activities of several participants.
  • Individual entrepreneur (Živnos) - there are no requirements for the authorized capital. The sole proprietor pays taxes personally.

How to open a company in Slovakia for a Ukrainian? This form combines a relatively simple registration procedure, limited liability of owners, moderate tax rates and opportunities for doing business in the EU.

The main advantages of registering a s.r.o. in Slovakia:

  1. Limited liability of participants - the company's participants are liable only within the limits of their contributions to the authorized capital.
  2. Small size of the authorized capital of 5000 EUR (minimum contribution of one participant - 750 EUR) makes this form accessible even for small businesses.
  3. Openness to foreign investors - the possibility of 100% foreign ownership.
  4. Possibility of remote registration without a personal visit of the director or shareholders.
  5. Access to the EU market - a Slovak company receives the status of a European legal entity, can obtain a VAT number, which facilitates the conduct of business in all EU countries.

Company registration in Slovakia for Ukrainians

Opening a Slovak company with Ukrainian directors is a more complicated procedure than the standard registration of a company with a non-resident director. Although there are no residency requirements for the director in Slovakia, the permanent residence and residency of the director as a company manager is the main factor in registering the company as a VAT payer and confirming the tax residence of the Slovak company itself.

At present, in practice, Ukrainian citizens without a residence permit in Slovakia or the EU cannot directly act as managing director of a Slovak company. For the company's full-fledged activity, we recommend that a non-resident director obtain a residence permit in Slovakia or hire a citizen of Slovakia or another EU country as a general director.

Our professional experience allows us to make the process of registering a company in Slovakia as simple and comfortable as possible for you. We take care of all the organizational and legal issues so that you can focus on growing your business.

Slovakia advantages

1

Remote company registration and management

2

Free business in the Eurozone

3

No restrictions for foreigners, 100% ownership of the company

4

Low taxes for small and medium-sized businesses

5

Possibility to open an account in the country of registration

General Information

Registration Features

In order to legally conduct business, a Slovak company must obtain a license from the Trade Licensing Office at the place of registration of the company.

Company Name

The name of the company must contain the designation of its legal form at the end, e.g. "s.r.o.", "v.o.s.", "k.s.", "a.s.", etc.

Authorized Capital

The minimum authorized capital for a s.r.o. company is EUR 5,000. There is a payment requirement.

If the company has several shareholders, the minimum contribution per shareholder is 750 EUR.

Director

Individual, no residency requirements.

For a non-resident director, it is recommended to obtain a residence permit in Slovakia or register a company with a citizen of Slovakia or another EU country as the general director.

Shareholders

Individual, no residency requirements for shareholders. 100% foreign ownership of a Slovak company is possible.

Financial Reporting

All Slovak companies are required to keep accounting records and submit annual reports to the tax authorities. Under certain conditions, an audit of the business becomes mandatory (for example, annual turnover of more than EUR 2 million, assets worth more than EUR 1 million). EUR, assets worth more than 1 million EUR, number of employees more than 30 people). EUR, the number of employees exceeds 30 people).

Taxation

The amount of corporate tax depends on the taxable income of the Slovak company:

  • 10% (income up to 100,000 EUR);
  • 21% (income from 100,000 to 5,000,000 EUR);
  • 24% (income over EUR 5,000,000).

The standard VAT rate is 23%.

Confidentiality

The Slovak trade register is public and contains general information about the company: name and date of registration, amount of authorized capital, director, shareholders and the amount of contribution of each of them. Also, when registering a company in Slovakia, information about the ultimate beneficiary must be submitted to the register.

Stages of company registration

01

Choosing the name and form of the company

First of all, you need to decide on the form of the company and check the name in the Trade Register database for availability for use. Choosing the name of an already registered legal entity is the basis for refusal to register a company in Slovakia. The most common form for registering a company in Slovakia for Ukrainians is s.r.o., an analog of LLC.

02

Preparation and collection of documents

Each participant of the company (director, shareholder, ultimate beneficiary) is obliged to provide a passport, a document confirming the address of residence and a certificate of no criminal record issued in the country of citizenship. For a non-resident director, it is advisable to obtain a residence permit in Slovakia in advance.

03

Identification of company participants

It is possible to open a company in Slovakia without a personal visit of the director and shareholders. For this purpose, a notarized power of attorney is issued for registration activities. Such a power of attorney, together with the original notarized documents of all company members, is sent by courier to Slovakia. Then all the documents are translated into Slovak by a court translator and a set of documents for registration of the s.r.o. is formed through the Trade Register.

04

Formation of the share capital (if necessary)

To register a company in Slovakia, the authorized capital must be deposited to a special temporary account of a Slovak company in a local bank. A shareholder's contribution to a s.r.o. company can also be non-capital, such as real estate, a patent, a trademark, etc.

05

Company registration

The actual period for registering a legal entity in Slovakia in the Commercial Register is 2-4 business days. All Slovak companies have the right to start business activities from the date of registration in the Commercial Register.

06

Receiving of corporate documents

After the company registration is completed and the documents from the Commercial Register are received, the Slovak company must be registered with the tax office to obtain a tax identification number (DIČ).

07

Legalization of documents (if necessary)

If necessary, it is possible to additionally legalize (Apostille) the following corporate documents of a Slovak company:

  • Certified copy of the trade authorization
  • Deed of incorporation
  • Declaration of the sole shareholder
  • Memorandum of association
  • Declaration of the founder
  • Articles of association
  • Declaration of the administrator of contributions

08

Delivery of corporate documents

Original corporate documents of a company in Slovakia are sent by international courier service to ensure fast delivery.

Answers to the Most Common Questions:

The procedure for registering a company in Slovakia for a Ukrainian is practically no different from the standard one. To open a s.r.o. in Slovakia, a Ukrainian needs to: - Identify and check the company name in the Commercial Register; - Obtain a legal address (virtual office, rented office, own premises); - Select the types of activities to obtain the appropriate license; - Sign constituent documents (decision to establish a company or a memorandum of association, director's statements, documents on the authorized capital contribution, confirmation of the legal address, etc;) - Form the authorized capital in the amount of EUR 5,000; - Register the company in the Trade Register; - Submit information about the ultimate beneficial owner of the company; - Register the company with the tax authorities and obtain a tax number (DIC); - Open a corporate account in a bank or payment system. For the company to operate properly, to be able to access the state portal Slovensko.sk. and to obtain a VAT number, a Ukrainian director must first obtain a residence permit in Slovakia.
Yes, the Online Commercial Register accepts documents for registering a company in Slovakia. In addition, there is an official electronic portal of public administration - Slovensko.sk, which allows individuals and companies to submit documents online and receive administrative services without a personal visit to government agencies. After the company is registered in the Commercial Register, a corporate e-mail account is automatically created on the slovensko.sk portal. The executive director, as a representative of the company, is obliged to communicate with government agencies electronically. Access to the portal is possible with a local eID, residence permit or an alternative authenticator (temporary card with an electronic chip).
A Slovak company s.r.o. or a sole proprietorship that has a management body, place of business or permanent establishment in Slovakia is obliged to register as a VAT payer after reaching an annual turnover of EUR 50,000. Even if the company has not yet reached the mandatory turnover threshold, it can voluntarily register as a VAT payer.
Opening a sole proprietorship in Slovakia is the registration of an individual's business activity without creating a separate legal entity. A sole proprietorship (živnosť) runs a business on its own behalf and is liable with all its assets. To register a sole proprietorship, you need: - a foreign passport - a certificate of no criminal record; - a document confirming an address in Slovakia for business purposes; - documents on education or qualifications for obtaining the relevant license. The application for registration of a sole proprietorship can be submitted to the district office in person or electronically through the state portal Slovensko.sk. After submitting the documents, the entrepreneur is issued a certificate of entrepreneurial activity. Also, after the registration of a sole proprietorship, the information is transferred to the tax office, which assigns a Slovak tax number (DIC) to the entrepreneur.

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday – Friday: 09:00 – 18:00

Saturday – Sunday: closed

We respond to inquiries within 15–30 minutes during working hours

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