Company registration in Slovakia. Sale of ready-made firms.

Slovakia is a promising jurisdiction for clients who wish to do business in the European Economic Area. This state is a member of the EU and offers an attractive policy in terms of taxation. However, before starting the procedure for company registration in Slovakia, you need to know about the peculiarities of local legislation. The best option is to entrust the establishment of a legal entity to professionals. Zigma Law Firm offers registration of organizations with favorable conditions. Also, clients can buy a ready-made company in Slovakia with or without a history.

What do you need to know about registering a company in Slovakia?

Before you open a company in Slovakia, you need to know a few important nuances. First of all, this jurisdiction is not offshore. That is, it is impossible to open a company with zero taxation here, and the Slovak commercial register is open. You should register or buy a ready-made company in Slovakia if you plan to do business in the EU. This jurisdiction has several important advantages.

• If you open a company branch in this country, you get a basis for business migration. Directors, beneficiaries, and shareholders can migrate.
• Complete absence of tax on dividends. This rule applies to all shareholders, regardless of their status (individual or legal entity) and citizenship (place of registration).
• To open a company in Slovakia, transferring the applicant to the status of a legal entity is unnecessary. This can be done by an individual who receives the status of an entrepreneur.

Offshore organizations can also establish or buy a ready-made company in Slovakia. For example, in this way, an offshore organization can legally work in the EU, make a profit in the European Economic Area, open bank accounts, etc.

Form of company ownership in Slovakia.

There are two main types of legal entities that you can choose when opening an organization or buying a ready-made company in Slovakia. They are the following:

• Limited Liability Company (LLC). It is the most common type of legal entity to open a company in Slovakia. There is a limit on the number of shareholders; there cannot be more than 50 of them.
• Joint-Stock Company. This form of ownership does not provide for restrictions on the number of shareholders. If their number exceeds 50, this is the only option for establishing a company.

An alternative to company registration in Slovakia can be the opening of a private enterprise. However, this organizational and legal form has a number of nuances. In particular, you need to pay for compulsory health insurance. If the residence permit is expired or there are problems with its renewal, you will face difficulties because if a private entrepreneur runs the business, they cannot put the company in Slovakia for sale; they will have to close it. Also, the business cannot be expanded. Accordingly, if you are planning to open a company in Slovakia, you should consider two options - LLC and JSC.

Requirements for registering a company.

Before you start the procedure for company registration in Slovakia, you need to know some important nuances. First of all, even before the start, you need to decide on the composition of the founding council with the general director. You must have a unique company name and a legal address. All these data are entered in the Slovakia Company Register and are publicly available.

Payment of the authorized capital for legal entities in this country is mandatory. The size differs depending on the legal form. 

• 5 000 EUR for an LLC. In addition, each shareholder must contribute at least 750 EUR.
• 25 000 EUR for a joint-stock company. There are no restrictions on the minimum size of each participant's share.

If a resident of Slovakia is registering a company, then a document is required confirming that they have no tax debts. For non-residents, an extract from the tax authorities may be required upon private request.

Each company must have at least one resident director in Slovakia. They must be a citizen of the country or have a residence permit. The director must be a natural person. There are no requirements for other members of the staff (secretary, accountant).

As for shares, they must be registered only. Slovak legislation does not allow the issuance of bearer shares.

Taxes and reporting.

Taxation in Slovakia is quite loyal. There is a base rate on corporate income, 21%, and personal income tax, 19%. However, there is no tax on dividends, which is very beneficial for shareholders. Also, in Slovakia, there is no capital gains tax and no stamp duty. Another important advantage of this jurisdiction for business is that there is no currency control here. Slovakia has double tax treaties with 40 countries.

Reporting in Slovakia is mandatory; it must be prepared and submitted once a year. However, unlike these companies included in the business register in Slovakia, reporting in the country is closed. It can only be accessed by a court order. There are no mandatory audit requirements. There is also no need to file an Annual Return.

The legal company Zigma offers clients the opportunity to register or buy a ready-made company in Slovakia. The company's specialists have extensive experience and are well aware of the country's legislation. Therefore, the company formation in Slovakia will take place as quickly as possible and without any problems. If you are not willing to wait, you can use an alternative solution – to acquire a legal entity. ZIgma offers ready-made companies in Slovakia for sale with favorable conditions. Re-registration of a legal entity will take no more than 24 hours, so you can start working the very next day.

You may be interested in:

• Registration | Sale of companies in Europe.
• Offshore company registration.
• Nominal service services.
• Ready-made offshore companies.
• Consultation of a financial lawyer.