If you are looking for a stable and calm jurisdiction for registering a business in the European Union, we recommend that you familiarize yourself with what Slovakia has to offer. This small state can become a good launching pad for business and obtaining a residence permit in Europe. From the point of view of registration of a legal entity in Slovakia, the most popular is the Limited Liability Company, LLC (spoločnosť s ručením obmedzeným, SRO). In this regard, we offer you the service of remote registration or purchase of a ready-made company Ltd. (SRO) in Slovakia.
Ltd. (SRO) in Slovakia: features and benefits
One of the main advantages of Slovakia in terms of conditions for registering a company is the absence of tax on dividends. For the same reason, there are no prohibitions on the registration of local companies with foreign founders in Slovakia. Given the fact that the owner of the company, according to Slovak law, does not have to pay tax on dividends, his/her residence does not play a significant role.
The director of an LLC (SRO) in Slovakia can use this fact as a basis for obtaining a residence permit, and in certain cases – and permanent residence. Slovakia is considered a popular option for living among immigrants. Picturesque nature, calm and safe environment make Slovakia one of the most attractive countries in Europe.
Slovakia is a member state of the European Union, a member of the Eurozone and the Schengen countries, as well as many other international organizations, such as:
- Organization for Economic Cooperation and Development;
- United Nations;
- World Trade organization;
- International Bank for Reconstruction and Development;
- European Bank for Reconstruction and Development;
- European Investment Bank;
- International Monetary Fund;
- International Atomic Energy Agency;
- North Atlantic Treaty Organization (NATO);
- Organization for Security and Cooperation in Europe (OSCE).
The main advantages of Slovakia in terms of business registration:
- Simple and straightforward taxation system;
- No tax on dividends;
- The founder can be a person with a residence of any country;
- Investments of a Slovak firm in other countries are protected by international agreements;
- The presence of an LLC in Slovakia is a justification for obtaining a residence permit in an EU country.
Ltd. (SRO) in Slovakia: basic requirements
When registering an LLC (SRO) in Slovakia, first of all, it is necessary to determine:
- company name (should not be taken, special conditions when using words such as “casino” or “bank” in the name);
- the size of the authorized capital;
- the composition of the founders and the ratio of shares;
- the composition of directors and the terms of their interaction;
- type of company activity;
- the legal address of the company.
The amount of the authorized capital for an LLC (SRO) in Slovakia must be at least 5,000 EUR, the share of each participant must be at least 750 EUR. The authorized capital is required to be deposited into a corporate bank account before the registration of the company in the commercial register.
Founder and Director of SRO in Slovakia
An SRO in Slovakia requires at least one member and director.
The number of SRO members in Slovakia can range from 1 to 50. In case more than 50 members are required, a joint-stock company is registered.
There are several restrictions on the founding members of an SRO in Slovakia:
- the founding member must prove that it has no tax debts; this requires a corresponding statement from the tax office, which is attached to the application for registration of the company (this requirement applies only to residents of Slovakia);
- an individual can be the only participant in no more than three companies (you can have less than 100% participation in an unlimited number of companies);
- a legal entity with a single member cannot become the sole member of another company.
- The director of an SRO in Slovakia can be:
- citizen of Slovakia;
- citizen of another EU country;
- citizen of an OECD country;
- holder of a residence permit in Slovakia.
The number of general directors of an LLC is not limited (apart from the restrictions on the number of participants). As a rule, each director acts completely independently. Nevertheless, if necessary, provisions can be entered into the memorandum of association that will restrict the actions of directors, for example: so that directors act jointly or at least two out of three; or that for questions over a certain amount, each director must sign.
