Limited Liability Company
The limited liability company is the most frequent form of a commercial company in Slovakia. It is popular in particular for the low costs connected with its establishment and management as well as for the limited liability of its shareholders.
Shareholders: |
natural persons as well as legal entities (a 100 % foreign participation is possible) |
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Number of Shareholders: |
1 – 50 |
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Registered Capital: |
SKK 200,000 SKK or EUR 5,000 – the use of the registered capital within the conduction of business activities of the company is possible. It shall be sufficient when a confirmation related to the payment of the registered capital is issued by the authorised shareholder. |
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Liability: |
In the case of a full payment of the registered capital, the company shall be solely responsible for all its liabilities. Thus, the shareholder is practically not responsible for the liabilities of the company. |
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Statutory Body: |
one or more executives (a residence in Slovakia is not required) |
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Supervisory Board: |
not required |
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Seat: |
The establishment of a registered seat is required.
In the case that you do not have own premises at the disposal for the establishment of a contact address, we will be pleased to offer you our service of shared registered seats (the so-called virtual office). |
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Trade Licence: |
Registration with the competent trade licence authority is necessary (the holder of the trade licence is the company). |
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Commercial Register: |
The registration with the competent company register is inevitable. |
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Tax Duties: |
19 % income tax (no additional taxation of distributed profits – dividends in Slovakia) |
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Recommended for: |
For all entrepreneurs who plan to establish a subsidiary with own legal personality in Slovakia. |