When incorporating, you must look at the law in the country, in Slovakia is civil law law. You will want to get some local advice as to how to best structure a company in Slovakia. E-signatures are allowed.
The letters SK is for Slovakia and the most common company structure in Slovakia is a LLC(SRO).
The amount you'll have to wait is about 2 weeks to incorporate a LLC(SRO) in SK. The types of currencies you can use to setup your company is frequently legal tender.
Yes, one is allowed to re-domicile a LLC(SRO) from SK. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC(SRO) in SK by yourself. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is permitted, up to 100% of the ownership of the legal entity.
There is a requirement to have at least 3 directors. Furthermore, corporate directors are not permitted. Directors can have some expectation of privacy, as they are not disclosed publicly. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for a legal services company which can receive any official legal correspondance on behalf of the registered legal entity. Furthermore, a company secretary is not a requirement.
There is an obligation to file yearly tax returns. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Slovakia Civil Law is 2,500.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are not disclosed in the public registry of Slovakia, Ministry of Justice Business Register. Shareholders are disclosed in the Ministry of Justice Business Register.
Typically companies take 2 weeks to setup and there are 3 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Slovakia is a good option and have given it a score of 74 as an IO score, using the Incorporations.IO proprietary formula.
2 weeksto form