One of the biggest advantages of Slovenia is its strategic geographical location. It is a central European country, situated next to the sea with access to global waters in the port of Koper.
Slovenia also offers the advantages of a stable environment and low corporate income tax when it comes to business.
Also, there are no conditions restricting how to establish a company in Slovenia, as anyone may register a company and the procedure is the same for all EU, and EEA Member Countries citizens and for citizens of the Swiss Confederation.
Forms of business structures in Slovenia
Economic activity can be conducted by an individual or entity in a variety of different legal and organizational forms.
Among the assortment of organizational and legal forms provided for by the legislation of Slovenia, foreigners usually prefer company or partnership. These companies can be established as:
- Sole Trader (Samostojni podjetnik or s.p.)
- Public Joint-Stock Company with limited liability (Delniska druzba or d.d.)
- Limited Liability Company (Druzba z omejeno odgovornostjo or d.o.o.)
- Unlimited Company (Druzba z neomejeno odgovornostjo or d.n.o.)
- Joint-Stock Partnership with limited liability (Komanditna delniska druzba or k.d.d.).
In Slovenia, the most common is the limited liability company and public limited company. But, Individuals frequently operate as sole traders.
The establishment, management, and organization of companies in Slovenia are governed by the Companies Act, which is fully harmonized with EU legislation.
Steps for a company formation in Slovenia
The steps associated with the procedure of company formation in Slovenia are outlined below:
- Legal entity: the initial step is deciding the legal entity of the company (common options are the limited liability company and the public limited company)
- Company name: the next step is setting up a company name following the legal requirements available in Slovenia. The company name must completely differ from the names of other companies.
- Tax ID: if the company owners are foreigners, a tax identification number in Slovenia must be obtained
- Bank account: a corporate bank account must be opened with the minimum share deposited in it, as required for the selected legal entity
- Bylaws: the company’s bylaws must be drafted and signed in front of a public notary
- Appointing a director: this is a requirement that is assigned to all the business forms presented above. All types of companies except sole traders must appoint at least one company director.
- Headquarters: the headquarters and the business address of the company must be assigned before the company is established.
- Registration: the company must be registered with the Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES).
- Activities of the company: you have to select the business activities that will be developed through the company, obeying the Standard Classification of Activities. In the case of some activities, specific conditions need to be fulfilled before starting to trade.
The business must acquire permits or ensure operations are carried out by a totally qualified person.
An entrepreneur or investor can find Slovenia to be a wonderful investment destination. Establishing a business there is free, simple, and fast.
Have you decided to expand your business to Slovenia and European Union, let’s go ahead and contact your Damaliom expert now.
