How to Incorporate a Limited Company / poloènos s Ruèením Odmedzeným (S.R.O) in Slovakia
After you have submitted the proposed name of your S.R.O to us, approval of the company name can be obtained within several hours. Company names in Slovakia may be in any language, provided they are translated into Slovakian, but they must be unique and must end with S.R.O; certain words are restricted, such as those suggesting country or government patronage. You can carry out a free name check now using our Company Name check service; once approved, a name may be reserved for 10 days free of charge.
We then draft the Memorandum and Articles of Association and file them, together with your registration forms, at the Slovakian Companies’ Registry, a Certificate of Incorporation will be issued and your new company is incorporated.
The typical timescale for the incorporation process is two weeks.
Formacompany has over 20 years’ experience forming companies in Slovakia and across the world, and our staff will be available to offer advice and support through the entire incorporation process, from initially selecting a suitable company name through to finally commencing taxable activities.
What you need to set up a Limited Company / S.R.O in Slovakia
To begin incorporation of your Slovakian S.R.O we will require the following:
- Your company name
- The full name, date of birth, address and nationality of all directors
- The full name and address of all shareholders.
- The objects of the company, specifying the principal activity
- The amount of capital and the number of shares subscribed to each member
Documents you are required to provide:
- Proof of identity (passport, national identity card, photographic driving licence).
- Proof of residential address (gas/electricity bill or credit/debit card bank statement dated within the last three months)
- All S.R.Os must have a registered office in Slovakia where documents may be legally served on the company and where all financial and fiscal documents, registers, company papers, etc. must be kept. A suitable registered office is included in our Standard Company Formation Package.
Share Holders and Share Capital Requirements
- The minimum share capital is SKK 200,000 (approximately €6,600)
- The minimum investment per shareholder is SKK 30,000 (approximately €1,000).
- At least one shareholder is required and a maximum of 50 shareholders is permitted.
Ready Made Companies
- We have shelf companies in Slovakia currently available, with a standard Memorandum and Articles designed to permit most general activities; making it possible to commence business at very short notice. Our ready made companies are in good standing, are not the subject of any insolvency proceedings and have not entered into any contracts or engaged in any business activities.
What you receive after setting up your new business
- Original Certificate of Incorporation
- Original share certificates
- Original government receipt as evidence of payment of annual company registration and license fees
Advantages of Registering up a Limited Company / S.R.O in Slovakia
It takes only one person to incorporate an S.R.O A Slovakian S.R.O requires only a single director and the sole director can also be the sole shareholder. There is no restriction on nationality or residency and corporate directors are permitted.
- Companies incorporated in Slovakia benefit from a low profit tax. The profit tax rate in Slovakia is only 19%.
- A Limited Liability Company gives a greater degree of business credibility. Operating your business as a limited company is more credible and prestigious than operating as a sole trader. Furthermore, the company’s name is protected and incorporation protects the name from use by another limited company.
- A Limited Liability Company limits the risk to which all stakeholders are exposed. Trading as a Limited Liability Company limits the risk to which all stakeholders are exposed. A limited company is a legal form of a business organisation, which is classed as an entity that 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 a limited liability company are only liable to lose the value of the share capital to which they subscribe.
- A Limited Liability Company has a less brittle management structure. The company can continue to trade despite the death, resignation or bankruptcy of members. The appointment, retirement or removal of a director is straightforward.
Important Information about Incorporating up a Limited Company / S.R.O in Slovakia
100% foreign ownership of a Slovakian S.R.O is permitted. Only one shareholder is required and there are no restrictions on residency or nationality. Whilst a shareholder register must be filed with the Trade Register, if you require a greater degree of confidentiality for the company’s beneficial owners, nominee shareholders are permitted and we can provide this service for you.