{"id":3096,"date":"2019-11-26T16:18:55","date_gmt":"2019-11-26T15:18:55","guid":{"rendered":"https:\/\/www.emineopartners.sk\/?p=3096"},"modified":"2022-10-27T17:23:18","modified_gmt":"2022-10-27T15:23:18","slug":"business-in-slovakia-2-3","status":"publish","type":"post","link":"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/","title":{"rendered":"Business in Slovakia (Part 2\/3)"},"content":{"rendered":"

In the second part of our mini-series we will discuss the legal forms of business you can choose from when starting a business in Slovakia.<\/p>\n

\"12\"

Ing. Peter Pauer, CEO<\/p><\/div>\n

If you don\u2019t know why you should start a business in Slovakia, please read the first part: Business in Slovakia<\/a>.<\/p>\n

When deciding about the legal form of your future business in Slovakia, you have several options to choose from. We will be discussing the most common types of companies according to Slovak laws.<\/p>\n

The sole proprietorship <\/em><\/strong><\/h3>\n

In Slovakia called \u201a\u201a\u017eivnos\u0165\u2019\u2019 and it is used by entrepreneurs usually running a one man show type of business. The biggest disadvantage from legal perspective is that the owner has unlimited liability. The sole proprietorship is simplest form of business.<\/p>\n

The limited liability company (Ltd.)<\/em><\/strong><\/h3>\n

Slovak translation is \u201a\u201aspolo\u010dnos\u0165 s\u00a0ru\u010den\u00edm obmedzen\u00fdm\u2018\u2018 or \u201a\u201as.r.o.\u2018\u2019. Can be established by at least one and maximum of 50 shareholders. The limited liability company is the most common business type in Slovakia. It offers many options of share allocation and management rights.<\/p>\n

It can be used to build bigger company structures. Very important decision to take into consideration is also if the company will be VAT payer or not. The minimum registered capital for establishing Limited liability company in Slovakia<\/a> is 5000 \u20ac, with single shareholder minimum share of 750 \u20ac. You don\u2019t need to fund your bank account with the minimum registered capital. It is enough to sign deposit manager statement proving that you have the required funds.<\/p>\n

The joint stock company <\/em><\/strong><\/h3>\n

The joint stock company<\/a> in Slovakia is called \u201a\u201aakciov\u00e1 spolo\u010dnos\u0165\u2018\u2018 or a.s. It is usually registered for large businesses. It\u2019s main advantage is the possibility to divide shares between many shareholders. Minimum capital is 25\u00a0000 \u20ac. There are 3 types of joint stock company: Private joint stock company<\/strong>, Public joint stock company <\/strong>and since 1 January 2017 also Simple joint stock company<\/strong>. All important decisions are made at general assembly where all shareholders can vote. Shareholder\u2019s vote power is determined by the value of shares he is holding.<\/p>\n

The limited partnership<\/em><\/strong><\/h3>\n

\u201a\u201aKomanditn\u00e1 spolo\u010dnos\u0165\u201d or \u201a\u201ak.s.\u201d has some unique features. The Limited partnership in Slovakia<\/a> is a legal form based on agreement between two entities. Silent partners<\/strong> who need to make contribution to the shared capital in the amount of at least 250 \u20ac. Their liability in the company is limited by the amount of their contribution. Second entity \u2013 general partners<\/strong> are not required to contribute, they have unlimited liability and decision making power.<\/p>\n

General partnership<\/em><\/strong><\/h3>\n

\u201a\u201aVerejn\u00e1 obchodn\u00e1 spolo\u010dnos\u0165\u201d or \u201cv.o.s.\u201d. General Partnership in Slovakia<\/a> is very straight forward legal form of business. Unless agreed otherwise in the Articles of Incorporation, every partner has the same decision-making power and decisions are taken by all partners collectively. Every partner is equally liable for company\u2019s debts with his own personal asset.<\/p>\n

In the last part we will describe the process of establishing the business and how to avoid some of the issues.<\/p>\n

The information above on this website is intended to give you a basic overview of tax, accounting, and legal regulations. They do not in any way serve as a guide for their application in practice, which may differ significantly from the legislation in force at the time. The information on this website does not guarantee legal, accounting, tax or other professional advice or services. As such, information should not be taken as a substitute for professional consultations with accountants, tax, legal or other advisors. EMINEO PARTNERS shall not be liable and shall not be liable for any discrepancies, omissions or results obtained from the use of this information. All information and examples are provided without any guarantee of their applicability in practice. EMINEO PARTNERS is not obliged to reflect the applicable legislation on the information and examples provided on this website.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In the second part of our mini-series we will discuss the legal forms of business…<\/p>\n","protected":false},"author":6,"featured_media":5077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[55,57],"tags":[59,58,60],"yoast_head":"\nBusiness in Slovakia (Part 2\/3) - Emineo Partners - Finance, Audit & Tax, Legal<\/title>\n<meta name=\"description\" content=\"In the second part of our blog find out more about the legal forms of business you can choose from when starting a business in Slovakia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business in Slovakia (Part 2\/3) - Emineo Partners - Finance, Audit & Tax, Legal\" \/>\n<meta property=\"og:description\" content=\"In the second part of our blog find out more about the legal forms of business you can choose from when starting a business in Slovakia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Emineo Partners - Finance, Audit & Tax, Legal\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-26T15:18:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T15:23:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.emineopartners.sk\/wp-content\/uploads\/2021\/09\/foto_business_in_Slovakia_part2-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1839\" \/>\n\t<meta property=\"og:image:height\" content=\"785\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emineo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emineo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/\",\"url\":\"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/\",\"name\":\"Business in Slovakia (Part 2\/3) - Emineo Partners - Finance, Audit & Tax, Legal\",\"isPartOf\":{\"@id\":\"https:\/\/www.emineopartners.sk\/#website\"},\"datePublished\":\"2019-11-26T15:18:55+00:00\",\"dateModified\":\"2022-10-27T15:23:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.emineopartners.sk\/#\/schema\/person\/8579bbc61361360904c8588bf1c0ce5f\"},\"description\":\"In the second part of our blog find out more about the legal forms of business you can choose from when starting a business in Slovakia.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.emineopartners.sk\/en\/business-in-slovakia-2-3\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.emineopartners.sk\/en\/uvod\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business in Slovakia (Part 2\/3)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.emineopartners.sk\/#website\",\"url\":\"https:\/\/www.emineopartners.sk\/\",\"name\":\"Emineo Partners - Finance, Audit & Tax, Legal\",\"description\":\"Poskytujeme komplexn\u00e9 slu\u017eby v oblasti \u00fa\u010dtovn\u00edctva, spracovania miezd a dan\u00ed. 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