Slovakia poloènos s Ruèením Odmedzeným (S.R.O) Company Formation
The Slovak Republic has created a regulatory environment where priority is given to small and medium sized companies with the purpose of growing and developing a healthy
The Slovakian poloènos s Ruèením Odmedzeným (S.R.O) is the most common form of incorporation in Slovakia and it is equivalent to a Limited Liability Company in the UK or a GmbH in Austria and Germany in that it is a legal entity which is separate and distinct from the individuals who run it. For sole traders and for people in partnerships, the individuals’ personal assets are at risk if there is a claim against the organisation but shareholders in an S.R.O are liable to lose only the value of the share capital to which they subscribe.
The Slovak Republic has created a regulatory environment where priority is given to small and medium sized companies with the purpose of growing and developing a healthy economy.
Company names may be in any language provided that they are translated into the Slovak language and ends with the suffix S.R.O; certain words, such as those suggesting country or government patronage are restricted. The approval process takes around 30 minutes and if approved the name may be reserved for 10 days free of charge.
All registered companies in Slovakia require a registered office where official documents and correspondence may be sent. This is also where company registers and accounting and reporting documents must be kept. We can provide a registered office in Slovakia as part of our incorporation package.
Only one director is required to incorporate, and there are no restrictions on nationality or residency. Non-EU or OECD nationals must be reviewed by the registry and relevant government bodies in Slovakia before being allowed to hold a directorship.
Only a single shareholder is required, there are no restrictions on nationality or residency and corporate shareholders are allowed. If the beneficial owners require greater confidentiality, nominee shareholders are permitted and we can provide this service for you. A shareholder can also be a director. Non-EU or OECD nationals must be reviewed by the registry before incorporation.
The minimum share capital is SKK 200,000 (approximately EUR 6,600) with the minimum investment per shareholder being SKK 30,000 (approximately EUR 1,000).
Companies registered in Slovakia are required to keep accounts written in the Slovak language and detailed in Euros. Annual financial statements must be filed with the registry and tax authorities within seven months following the end of the relevant accounting period. Auditing is only required for certain companies, such as listed companies and those exceeding certain asset, turnover and employee limits. Generally, small private companies are not required to have their accounts audited.
Once all of the incorporation information has been received and non-EU national director/shareholders have been reviewed, the incorporation process is complete in two weeks.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
There is no requirement to visit Slovakia in order to incorporate.