Registering a branch in Slovakia
is a decision taken especially by the foreign companies willing to check the Slovak market
before opening a limited liability company
or a public limited liability company
. Foreign investors interested in starting a business in Slovakia
are advised to seek advice from a local company formation firm
, who can provide them with personalized business consultancy
Particularities of branch offices in Slovakia
A branch established in Slovakia
is not considered a legal entity
and the foreign company is entirely responsible for its actions.
The Slovak branch office must present every year the balance sheet and the statements on losses and profits of the foreign parent company. Also, it must keep its own statements of account and deposit it every year, like a regular local company.
Usually a trade permit must be received before starting certain types of business by the local companies but also by the branches. The license may be a free trade license, conditional trade licenses or trade certificates (for business which requires a higher degree of performance).
The trade licenses of certificates are received from the one stop shop after paying a fee and are release in maximum one month.
It is mandatory for the branches opened in Slovakia to apply with the relevant documents at the one stop shop before beginning any activities. A registration fee must also be paid.
Registration of a branch in Slovakia
An advantage of opening a branch in Slovakia
is that there are no requirements for a subscribed share capital at registration
The specific documentation at registration is more complex that the one of a regular form of business. The branch must register information about the foreign company (name, address, proof of existence in the foreign country, certificate of registration, certificate of incorporation, the name of the directors and secretary, the articles of association) and information regarding the branch (the decision of opening a branch in Slovakia, the name and address, the representative vested by the power of attorney by the foreign company).
The above must be notarized in the country of origin and must be accompanied by an official Slovak translation.
The result of registration is releasing the registration certificate and the registration for the health insurance and the income tax.
The next step in setting up a subsidiary in Slovakia is opening a bank account for the future financial actions and the registration at the District Court.
The last step of registration consists in registering for sickness insurance, sickness insurance and disability insurance at the local insurance company.
The entire registration procedure of a branch office in Slovakia
takes from a couple of days to one month, depending on the necessary type of trade license. Our team of company formation experts in Slovakia
can help you establish a branch
in this country or any other business form
you are interested in. For complete guidance in company formation matters
, please contact our specialists in Slovakia
Partner: Firmengründung in Slowakei , Регистрация фирм Словакия