Check the uniqueness of the proposed company name
Agency: Commercial Register held by the District Court
An online check without charge is possible. The online search became free of charge as of June 2017.
Time and cost: Less than 1 day (online procedure), free of charge
Notarize articles of association and related documents
Agency: Notary Public or Registrar’s Office
The fee for the verification of a signature at a Notary Public is EUR 1.99 (excluding VAT), i.e. EUR 9.95 (excluding VAT) for the verification of five signatures. The fee for the verification of a signature at the Registrar´s Office is EUR 2, i.e. EUR 10 for the verification of five signatures. Both options are commonly available and used in practice.
The Registrar’s Office of a municipality and the District Authority are authorized to verify signatures pursuant to Act No. 599/2001 Coll. on the Verification of Documents and Signatures on Documents by District Offices and Municipalities, as amended. The fee for the verification of a signature is stipulated in Act No. 145/1995 Coll. on Administrative Fees, as amended.
Time and cost: 1 day, see procedure details
Pay capital contributions and receive an affidavit from a custodian of funds
Agency: Bank or Trustee
The minimum shareholder´s contribution is EUR 750. Before registering a company, at least 30% of each shareholder´s contribution and 50% (EUR 2.500) of the minimum registered capital must be paid.
The capital contribution is paid to the trustee, which is one of the founding shareholders. The founding shareholders can decide that a bank will be the trustee. The trustee is obliged to issue an affidavit concerning the paid in capital contribution in written form. The affidavit has to be attached to the application for registering a company. (Sec. 60 of the Act No. 513/1991 Coll. the Commercial Code).
Time and cost: 1 day, no charge
Apply at the One-stop shop for trade license, register for income tax and with the District Court
Agency: One-stop shop
The One-stop shop created the Trade Licensing Offices, where it is possible to apply for trade licenses, and income tax.
According to Act No. 455/1991 Coll. Trade Licensing Act, it is possible to apply for trade licenses at the One-stop shop.
Similarly, according to Act No. 563/2009 Coll Tax Code, it is possible to apply for income tax registration at the One-stop shop.
As per Act No. 530/2003 Coll. on Commercial Register, paragraph 5b, sub-paragraph 1 of the Slovak Republic, application to the Commercial Register can be registered at One-stop-shop. Then, the one-stop-shop ensures this application is electronically delivered to Registry Court. The Registry Court must file new company’s entry, or changes to the Commercial Register and then takes care of income tax registry.
As from 2018, any new company has to include information about beneficial ownership in the registration form. Information has to be filled together with other necessary documents in registration form. Obtaining relevant data in case of complicated company ownership structure may however be connected with some time delay.
Time and cost: 9 days; Electronic process: EUR 150 for Court Registration, no charge for the standard trade license
Register for VAT
Agency: Tax Authority Office
According to the Sec. 4(1) og the Act No. 222/2004 Coll. on the Value Added Tax as amended (https://www.slov-lex.sk/pravne-predpisy/SK/ZZ/2004/222/20170101), a company is obliged to register for VAT if the company reaches turnover at least EUR 49,790.In addition, in practice companies usually register for VAT voluntarily, in conformity with Sec. 4(2) of the same act, as soon after registering into the Company Register as possible in order to satisfy their business needs.
VAT registration is not covered by the One-stop shop.
Time and cost: 5 – 15 days, no charge
Register with pension, sickness, and disability insurance and unemployment insurance at the local social insurance company (Socialna poistovna)
Agency: Local social insurance company
For social security, the company must register itself as an employer within eight days following the day it started to employ at least one employee; it must also register all new employees with the Social Insurance Company before they begin to work. However, in practice, the Social Insurance Company will not accept an application for the registration of an employee if the company itself is not yet registered.
As of January 1, 2013, the employer is further obliged to register for social insurance certain categories of employees working on the basis agreements outside an employment relationship. The category of social insurance for which these employees must be registered depends in particular on the type of agreement and salary.
Time and cost: 1 day, no charge
Register for health insurance
Agency: Health Insurance company
Employers must register with all of the health insurance companies at which their employees are insured within eight days from the commencement of the employment relationship (Section 24(k) of Act No. 580/2204 Coll., on Health Insurance). The one-stop shop only covers the health registration for self-employed cases.
Time and cost: 1 day, no charge
