Company formation Slovenia.com provides company incorporation in Slovenia for foreign and local investors.
An entrepreneur can find Slovenia an excellent investment place. There are many forms a business may take in here and since the E-vem one-shop-stop portal is functional, the company registration process in Slovenia doesn’t take longer than a few days.
The main actions an investor must take before company incorporation in Slovenia is drafting the articles of association, finding a registration office, hiring an accountant and opening a bank account.
TYPES OF BUSINESS ENTITIES IN SLOVENIA
A popular form of business. When the entrepreneurs have available at least 7500 EUR and will run a small or medium business, with not more than 50 shareholders, it is advisable to open a Slovenian Private Limited Liability Company. D.O.O called this way because the liability of the members is limited by their contribution to the capital. One manager can be appointed to take the daily decisions but in matters related to the increase or decrease of capital, the articles of association amendments, transformation or liquidation the major decisions are taken by the general meeting of the shareholders.
If the Slovenian or foreign entrepreneurs have available a higher amount for the share capital(at least 25.000 EUR) they can open a Slovenian Joint Stock Company, Slovenian A.D. The number of shareholders can be higher than 50, unlike the private limited liability companies and their liability is also limited by their contribution to the capital. The daily management can be one-tier model (assured by a management board) or two-tier model (assured by a management board and a supervisory board) with members invested for a period of at least six years. The major decisions are also taken by the general meeting of the shareholders.
At least two partners can form a Slovenian General Partnership fully liable for the company’s liabilities. No minimum share capital is necessary for this type of business but in case of liquidation the partners’ assets can be used to cover the liabilities. The partners are obeying a set of rules, established in the partnership agreement. All the partners can be part of the management.
Another form of partnership, the Slovenian Limited Partnership is formed by a silent partner, which must bring a contribution in the entity and is liable for the company’s debts in the limit of this contribution and a general partner with unlimited liability in the partnership. Only the general partners can take all the management decisions and in case they cannot take part of the entity, it is dissolved.
A Slovenian Limited Partnership by Shares is formed by at least five members in Slovenia. The liabilities of the members are determined by the contribution to the capital.
INCORPORATION PROCEDURE IN SLOVENIA
All the entities must begin the process of incorporation of a company in Slovenia by drafting a foundation act and the articles of association for limited liability companies or a company charter for joint stock companies. In these documents are stipulated the name of the company, its registered address, its structure, details regarding the shares and stocks, details regarding the capital, information regarding the members and their rights, information regarding the process of transformation and liquidation.
Opening a bank account is also an important step in Slovenian company incorporation.
The minimum share capital for a limited liability company in Slovenia is 7,500 EUR while for a Slovenian joint stock company must deliver at least 25,000 EUR and at least one quarter of this amount must be deposited in the newly opened bank account. The capital can be constituted by cash or in assets.
The process of company incorporation in Slovenia was eased up by the implementation of the e-VEM one stop shop. After taking the above steps(drafting the incorporation documents and opening a bank account), the entity’s representatives must visit the VEM entry point and deposit the necessary documents for incorporation such as the application for registration and the founding documents, along with the bank certificate related to the capital deposit.
The documents can be sign with a certified safe electronic signature. If necessary, the office is helping the applicant with drafting the articles of association and the proposition for company set up. The one stop shop will publish the newly formed company’s information on the e-VEM portal; will register the entity with the Statistical Office of Slovenia and with the tax administration and the Health Institute.
ECONOMY OVERVIEW IN SLOVENIA
Considered an excellent holiday destination, Slovenia is also offering numerous opportunities for the investors. Member of EU since 2004, Slovenia has signed many treaties in the attempt of attracting investments (for example the Double Tax Treaties are signed with more than 45 countries.)
The investors are mostly concentrated on the following sectors: services, chemicals and retail. The corporate tax in Slovenia is 28%.
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