Slovakia Limited Liability Company (SRO)
- It requires one director and one shareholder who do not need to live in Slovakia. The minimum capital is EUR 5,000 with a contribution of EUR 750 paid by each shareholder.
- Financial statements must be filed with the tax authority annually. If two of the three thresholds are reached, an audit is needed. Over EUR 2 million annual turnover. Over EUR 1 million of assets. More than 30 workers.
Slovakia Joint Stock Company (AS)
- This entity can be established with one shareholder, one director and EUR 25.000 share capital, with 30 per cent payable before the incorporation of the business.
- Business shareholders are required to appoint a Board of Directors with a minimum of 3 members. The role is to oversee the directors and ensure that they manage the company in a manner that favors the equity holders.
- A JSC can be exempt from the audit as long as two or more of the three conditions are reached. Turnover below €2 million. Assets below €1 million. Less than 30 employees.
- This firm is used by clients who choose to seek private equity investment from third parties or to have the company listed on the Bratislava Stock Exchange. If the company is listed on a stock exchange, an audit is mandatory.
- Foreign companies can register a branch in the country to conduct productive and commercial activities.
- It is mandatory to appoint a local representative or, alternately, a resident of any other EU or OECD nation.
- The branch provides the ability of the business to have one set of financial statements.
Slovakian Representative office
- According to Slovak legislation, representative offices and branches are not distinguishable.