Starting a business in Slovakia is now simple than ever, considering the government has improved the legislation which also favors foreign investors interested in doing business here. There are also cases where a company starts down a path and needs to reconsider the business strategy or making specific changes. According to the Slovak Company Law, various changes can be brought to a company provided that the shareholders notify all the authorities involved.
Below, our company formation agents in Slovakia explain the main changes which can be made in a company in this country. We can assist in making various changes in a Slovak company.
The list of changes which can be brought to a company in Slovakia is not extensive, yet it can be very important as it can affect the company’s business direction and even its size. Here are some of the common changes usually made in a Slovak company:
Our company registration advisors in Slovakia can help you establish if you need to make changes in your company.
Often, foreign investors setting up businesses in Slovakia use virtual office addresses for a quick company incorporation procedure. However, the virtual office is a temporary solution, which is why a legal address change is imposed after a few months. Changing the registered address of a company in Slovakia implies filing an application with the Commercial Register and notifying the tax authorities, the licensing authorities and the clients of the company on the change.
Changing the company address in Slovakia, however, is not complicated and can be completed in a matter of days.
Another common change in a Slovak company is that of the trading name. Most of the times, such changes are brought to companies undergoing mergers or acquisitions, but there are also cases of rebranding when businesses change their business directions.
Changing the trade name of a company in Slovakia implies undergoing the same procedure as when changing the legal address. A notification and a request in this sense must be filed with the Trade Register in Slovakia, followed by the notifications submitted with all the relevant authorities.
If you decide to open a company in Slovakia and need guidance on the procedures to be completed, our consultants are at your disposal with personalized services.
Changing the shareholding structure in a company in Slovakia will automatically trigger share capital changes, as the distribution of the shares will need to be amended.
When changing the share capital of a company, there are two directions a business can follow: the most common one is for private companies to go public, case in which an increase of the capital will take place, and the second implies a public company changing into a private one, which will imply a decrease of the share capital.
These kind of changes in a company in Slovakia need to respect the following conditions:
Those who want to set up companies in Slovakia, will also find interesting the following economic facts:
If you need assistance in making any changes to your company in Slovakia, please contact our local consultants.