Set Up a Trading Company in Slovakia

Trading companies are businesses that deal with various kinds of goods that are sold to consumers for consumption, business, or any other purpose. Trading companies in Slovakia purchase different products, maintain a stock, establish a shop, and deliver the products to consumers. To set up a trading company in Slovakia, the rules set down under the Companies Act must be complied with. The Companies Act is the main law that governs corporations in the country, including the setting up of a trading company in Slovakia. Our specialists in Slovak company formation can assist you in establishing your trading company. Our lawyers can also help you open a bank account in Slovakia for your new company.

 

 

Trading companies in Slovakia must be registered with the Court Register of Companies in order to have a legal personality. This is an important step if you want to set up a trading company in Slovakia because a legal personality is necessary when dealing with third persons. Prior to registration, the persons comprising the company are considered as company members and each of them shall be liable for any obligation entered into. Make sure to have your business registered with the Trade Register if you want to open a company in Slovakia. EORI registration is also mandatory when starting a trading business. 

 

 

If you want to set up a Slovakian trade company, a trade license must be secured. This requirement is set forth under the Trade Licensing Act, the main law that regulates the conduct of trade and business in Slovakia. In order to obtain a trade license, general and specific provisions must be met. The general provisions are: legal capacity, eighteen years of age, and must have integrity. For special conditions, the requirements shall depend on the type of company established and those provided for under special laws. The trade license shall also be only granted to those companies that have already been registered with the Commercial Register. Our experts in company formation in Slovakia have listed down the other steps in acquiring a trade license:

 

1. Filling up of the application form;

2. Submission of documents to prove applicant’s qualification or that of the authorized representative;

3. If an authorized representative is appointed, the certificate of appointment and consent shall also be submitted;

4. Proof of entitlement of the property to be used as the business address;

5. Submission of proof of non-existence of criminal record;

6. Payment of administrative fees.

 

Make sure that all requirements to set up a trading company in Slovakia are complied with. Let our experts in starting a business in Slovakia assist you.