Shelf companies are one and the same with the so-called ready-made companies. These shelf companies in Slovenia are businesses that have already been incorporated, and which, for this very reason, represent a very attractive option for foreign investors, due to the fact that through them, the businessmen will be able to start their business operations much faster, as theincorporation procedureis no longer needed.
Besides the above mentioned advantage, one of the main reasons for opening a company in Slovenia through a ready-made company is given by the fact that the company enjoys business maturity and the investors can benefit from increased credibility on the local or international markets as well as in the negotiations with a bank when applying for a loan.
A shelf company in Slovenia allows any investor to begin the commercial activity immediately (once the transfer of ownership is concluded), with a minimum level of bureaucracy. Our team of specialists in company formation in Slovenia can guide businessmen in the acquisition of a shelf company in this country.
Why choose a shelf company in Slovenia?
Purchasing a shelf company is a way to skip the process of company registration in Slovenia. Moreover, thanks to the age of the newly purchased shelf company, the investor can benefit from its name and successful history. It should be noted that the acquisition of a shelf company older than 6 months is no longer a way to obtain a work or residence permit in Slovenia. Our team of consultants in company formation in Sloveniacan provide in-depth assistance on the main procedures imposed by the local authorities when applying for a residence permit in this country.
As a general rule, most of the Slovenian shelf companies that are available for sale have an age which ranges between one to three months and most of such companies are registered as limited liability companies. Another popular business form available for a shelf company is the joint stock company and it is important to know that the company’s capital in the case of a ready-made business is generally lower.
This is due to the fact that the previous owner is entitled to take back the company’s minimum share capital and this can result in the fact that the new owner may be required to provide the respective capital in order to start the business operations, in accordance with the business form under which the ready-made company was registered (for example, in the case of shelf company set up as a limited liability company, the minimum share capital has to be of EUR 7,500, but companies available for sale can have a capital of EUR 550 – EUR 1,800).
When purchasing a Slovenian shelf company, the investors will also obtain an usable corporate bank accountand advantageous credit options. If well chosen, a ready-made company can have a positive impact on creating a corporate image. This is why we strongly recommend investors, especially foreigners, to work with one of our specialists incompany formation in Slovenia, who can assist you in all the legal aspects of the shelf company acquisition. Our team can also help you invest in Slovenia by opening a new company in this country.
What are the main procedures for purchasing a Slovenian shelf company?
A central step in the purchasing of a shelf company is researching the available options and choosing the most suitable company. In the case of investors who have never purchased a shelf company before we strongly recommend to receive advice from our team of consultants inSlovenian company formation, who will explain the main aspects that should concern in this case:
• choosing the legal structure of the enterprise from the available types of companies (sole proprietor – S.P. Samostoni Podjetnik, limited liability company - D.O.O Druzba z Omejeno Odgovornostjo, joint stock company – D.D. Delniska druzba or branch – Podruznica);
•the line of the business (the type of the provided products or services);
•the age of the company (investors can choose from shelf companies set up as start-ups or mature companies);
•further on, the acquisition procedure implies the transfer of ownership, which will need the expertise of a Slovenian company formation specialist in order to legally perform the operation.
How can you use a Slovenian shelf company after purchase?
A ready-made company can be used for several purposes, among which the creation of a business in a certain industry, however, it can also be intended for other reasons, among which:
it can be used for incorporating the history of a business in another country in the Slovenian company and carry out operation here;
it is a suitable choice for first-time investors in Slovenia seeking to obtaining loans from banks, as in certain cases due diligence is carried out before granting financing;
it can be used to enter into private-public partnership with the Slovenian authorities;
it can also be used to enter into joint ventures with Slovenian companies;
The Slovenian shelf company can be used in completing various projects, it is quite versatile and is quicker solution to a new entity, however, it also has its downside, among which the costs which are higher.
Purchasing a ready-made company in Slovenia is not difficult, as there are many providers, however, you should pay attention to several aspects upon acquisition. Our local advisors are at your service with guidance in choosing a suitable entity.
The main features of a ready-made company in Slovenia
There is no doubt that a Slovenian shelf company has many advantages, among which the fact that you will spare a lot of time with the paperwork related to the incorporation of a new entity, as the former comes with the following documents:
- the Articles of Association that are already drafted;
- the registered address;
- the tax identification number;
- the certificate of incorporation.
It is possible for the company to also have a VAT number, however, this would increase the purchase price of the chosen legal entity.
No matter the type of company you choose, you can rely on our company formation specialists in Slovenia for guidance in making an appropriate choice. On request, we can also provide company due diligence services if you want to know if the shelf company is a better alternative to a new company.
How to acquire a shelf company in Slovenia
Slovenian shelf companies can be purchased by other companies or by natural persons, as there are no restrictions in this sense. The procedure requires the person to present his/her identification documents, such as an identity card or passport, or the certificate of registration in the case of a company going through the acquisition procedure. The seller will also present the sale-purchase agreement which is then signed by both parties before a public notary. Once the process is completed, the buyer will have a company to which one can bring various amendments.
The procedure of buying shelf companies in Slovenia is not difficult and can be completed the same day the parties agree on the sale.
If you want to buy an aged company, our Slovenian company formation agents can oversee the transaction and then help you with the changes you want to make.
Amendments that can be brought to a ready-made company
The changes that can be made to an aged Slovenian company are several and depend on the buyer’s interests. The simplest way to do that is by amending the Articles of Association where the name of the shareholders must be altered. However, there are also other changes that can be made, among which the trading name and the registered address. The new owner can also appoint one more managers and/or directors to fall in line with the purpose of the future enterprise.
Once all changes are made, they must be reported to the Slovenian Trade Register which will issue a new Certificate of Registration. For this purpose, the amended Articles of Association alongside a few application forms must be filed as soon as possible.
Another important amendment to a shelf company in Slovenia is the increase of the share capital. Also, if the chosen entity is not registered for VAT, it is recommended to complete this step at this point in order to avoid bureaucracy later. A business license may also be required, depending on the activities to be completed.
Are there any other advantages of a Slovenian shelf company?
Yes, businessmen can benefit from additional advantages than the ones mentioned in this article up until now. For example, although the company has already been incorporated, at the moment of the purchase, the investors will not have to pay any debts that might be associated with the respective company.
Furthermore, the investors will have the possibility of changing the company’s trading name, if the one under which the legal entity was registered does not reflect in the most suitable manner the activities that will be developed by the new owners. The investors will also be able to change the company’s business address and appoint new directors. Here's also a video on this topic:
Economic overview of Slovenia
Slovenia is recovering after the COVID-19 pandemic, as recent surveys carried out the Organization for Economic Co-operation and Development (OECD) and the European Commission (EC) state. These have forwarded the following data:
- according to the OECD, 2021 is expected to bring a 4.5% economic increase;
- the EC reports that Slovenia’s economy should register a 3.5% increase in 2021;
- for 2022, the EC predicts an economic growth of 5% for Slovenia.
Don’t hesitate to contact us if you are interested in purchasing a shelf company in Slovenia. Ourcompany formation experts in Slovenia can offer professional counseling and assistance on the transfer of property rights and other aspects that are involved in the acquisition of a ready-made company.
Call us now at+386 8 2055 950to set up an appointment with our company formation consultants in Slovenia. Alternatively you can incorporate your company without traveling to Slovenia.
As our client, you will benefit from the joint expertize of local experts and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Slovenia.