In Slovakia, the following forms of incorporation are accepted:
Limited Liability Companies (with the suffix S.R.O.)
- One person is sufficient to form a company.
- The shareholders may be individuals or a limited company.
- The liability of the owners of the company is limited to the sum of capital invested.
- The total number of shareholders will not exceed 50.
- The basic minimum capital may not be less than SK 200,000. The minimum capital for individual shareholders in the company may not be less than SK 30,000.
A Joint Stock Company (with the suffix A.S.)
- The company may issue and sell shares to the public.
- A board of directors manages the company.
- The shareholders' liability is limited to the sum of capital invested.
- The minimum number of shareholders is 2. When the shareholder is a limited company, one shareholder is sufficient.
- The basic minimum capital will not be less than SK 1 million.
- A general meeting of the shareholders must be held within 60 days of founding the company
Founding a Foreign Company in Slovakia
When founding a foreign company in Slovakia, care must be taken to comply with the following conditions among others.
A Memorandum and Articles of Association must be drafted for the company.
A company representative who is a Slovak resident must be appointed. Occasionally the lawyer who assisted in registering the company is appointed.
A bank account must be opened.
An authorization must be obtained from the bank of the deposit of the starting capital as required in law.
A "business license" must be obtained according to the nature of the business.
Registration must be effected with the "Commercial Registrar". This is a process that takes several months. The registration is according to the business address of the company.
The company must be registered with the income tax and national insurance authorities.
