Slovakian company types and structures
In Slovakia, the variety of business forms allows you to choose the best option for company formation. Slovakian company types and structures include LLC (s.r.o.), joint stock companies, and partnerships. The types of companies you can register depend on the scale. For example, an LLC is suitable for a small business with a capital of €5,000.
Expert analysis shows the advantages of each form. Company registration focuses on legal and tax requirements for business formation, taking into account EU standards. Business setup in Slovakia is advantageous due to the 21% corporate tax rate. Company formation for individual entrepreneurs is also possible.
Legal requirements for company formation
Legal requirements are strict but feasible. It is important to comply with legal requirements for company formation, otherwise problems may arise. You need to prepare: documents for founders and directors (passports, proof of address), three options for the company name, a detailed description of activities, a business plan, tax statements (for Slovak residents), as well as a legal address in Slovakia. It is important that one of the directors is a resident of Slovakia or has a residence permit. Compliance with all regulations, including VAT registration and tax compliance for new companies, is very important.
Key aspects of company formation to pay attention to:
- Minimum capital for an LLC is €5,000.
- Founders: 1 to 50 people.
- Address: registered office in Slovakia.
- Licenses: for regulated activities.
- Taxes: registration with Finančná správa.