A Limited Liability Company (Spoločnosť s ručením obmedzeným / s.r.o.) is a type of trading company most commonly used for doing business. An s.r.o. can be formed by one or more founders (no more than 50). An s.r.o. with a single founder cannot be the only founder or the only shareholder of another company.
Incorporation of such company takes approximately 4 weeks.
Slovakia has a public register of directors and shareholders, which should be considered when making appointments in the company.
Directors and shareholders of an s.r.o. can be individuals from any country. However, directors who are not citizens of the European Union (EU) or the Organisation for Economic Co-operation and Development (OECD) are required to hold a Slovak residence permit.
An s.r.o. is required to have a share capital of at least EUR 5 000. The minimum capital contribution of a member is EUR 750. Before the incorporation of a company in the Commercial Register, at least 30% of each member’s monetary contribution must be paid up. However, the total of paid-up monetary contributions together with the value of non-monetary contributions made by the date of the company’s entry in the Commercial Register must be at least EUR 2 500. If an s.r.o. has only one founder, the share capital must be paid up in full before the application for registration is submitted to the Commercial Register.
On 1 January 2016, Slovakia abolished the requirement to provide a documentary proof of payment of share capital in the form of a bank statement. The director now only needs to sign a declaration stating that the company has received the money paid as share capital.
To incorporate a new company / purchase a shelf one in Slovakia, it is necessary:
1) To tell us:
Upon receipt of this initial information, we will give you the list of necessary documents to be provided for company registration.
2) To visit a Slovak embassy / consulate in any country and have your signature certified on the power of attorney that authorizes us to incorporate the company in your name.
3) To also have the embassy / consulate certify the signature on the permission to appoint the relevant company director.
4) We will prepare all the necessary documents and inform you once everything is ready.
The company will also need to obtain a licence (or other authorization) to conduct business in Slovakia and register in the Commercial Register. The application for registration in the Commercial Register must be filed with the relevant registration court at the location where the s.r.o. has its registered office (it must be filed within 90 days of the establishment of the s.r.o. or obtaining of a business licence).
Slovak companies must prepare and file an Annual Return with the Commercial Register. The Annual Return is not publicly available.
Slovak companies are required to keep accounting records and pay taxes. Financial statements are prepared and submitted to the tax office annually, but an audit is only mandatory if a company exceeds two of the three thresholds:
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Services
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Fees (EUR)
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S.r.o. incorporation
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Total cost of incorporation of a company in Slovakia (without the founder visiting Slovakia), including:
- check of the company’s name for availability; - selection of the types of activities; - preparation of a set of documents for incorporation; - payment of government fees for incorporation; - obtaining of a trade licence; - registration of the company in the Commercial Register; - tax registration of the company. This fee does not include: Compliance fee*, provision of a registered office, opening of a local bank account, payment of the share capital, or obtaining of a temporary residence permit for the director of the company for the purpose of business (if necessary)[2]; these are payable additionally. |
from 6 200
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Registered office for the first year after the company’s incorporation
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1 760
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Support in opening a corporate bank account (without travelling to Slovakia)
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6 900
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S.r.o. subsequent administration
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Company renewal, including:
- Annual Return filing; - payment of government fees. This fee does not include: annual Compliance fee*, provision of a registered office and accounting services to the company; these are payable additionally. |
2 540
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Registered office
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1 760 / year
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Accounting services:
- preparation and submission of dormant financial statements; - preparation and submission of non-dormant financial statements. |
3 500
(dormant financial statements) 100 – 350 / hour (non-dormant financial statements: based on time spent, depending on the company’s scope of business and complexity of the document flow) |
General and additional services
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Company management services provided by a professional director (Cyprus resident)
The format of the director’s involvement and fees are agreed individually in each case (these fees are provided as an indication). |
from 3 000 / year
(signing of documents – when necessary; making of payments via Internet bank – up to 10 payments per year) from 6 000 / year (signing of documents –when necessary; making of payments via Internet bank – up to 10 payments per month) |
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*Compliance fee Payable in the cases of:
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder, - signing of documents. |
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |
[1] The fees are valid as of January 2025. The fees are indicative; the final cost of the project will depend on its complexity and services required by the client.
[2] Please contact a GSL Law & Consulting consultant to find out the cost of obtaining a Slovak temporary residence permit for the purpose of business (for a director who is not a citizen of any EU and/or OECD member state).