An important phase when establishing a company in Slovakia is the registration procedure. The authority responsible with this process is the The Slovak Trade Register. This institution's activities are conducted by the Ministry of Interior (Public Administration sector).
The legal entities that are required to be registered are: the companies, cooperatives and other specific entities. The commercial entities cannot perform any commercial activities until before registering with the Commercial Register.
The most important document that must be created when opening a company in Slovakia the Memorandum of Association. This memorandum must be registered with the Slovak Trade Register before a company starts its activities.
A company is ready to start its commercial activities only when is registered in the Slovak Commercial Register. The registration cannot be submitted after 90 days from signing the Foundation documents.
In order to register a company in Slovakia, certain documents are required depending on the type of company.
The most common documents requested for registration are:
If the capital contribution consists in non cash goods, the documents must be accompanied by a statement regarding the value of the non cash contribution, assisted by an official accountant. Our company formation specialists in Slovakia can help you gather and submit all the necessary documents mentioned above.
All documents must be drawn in Slovak, if not it must be accompanied by a notarized translation. The documents can be registered online if the authorized signature is certified. The documents can also be submitted at the County Registry Court which has the obligation to pass all the relevant information to the Commercial Register. This must be accomplished within 5 days from submitting the documents.
As a result of the registration, the business identification number is assigned.
The uniqueness of the company name must also be checked at the Trade Register. A company name must be in Slovak and cannot be immoral or against the law.
The information is free of charge and can be checked on the web portal by some specific criteria, like the company name, registered headquarter, name of a person, identification number, registration number.
The only impediment is that most of the information is in the Slovak language. That is why it is highly recommended to all foreign investors interested in Slovakia to ask for the help of local company formation specialists. Our team of company formation experts in Slovakia can help clients who want to set up companies in this country by offering them complete guidance throughout the entire company incorporation procedure. For more details on this matter do not hesitate to contact our specialists.