Slovenia was the first to introduce the euro in the EU, and has undergone a political and economic transformation in Central and Southeast Europe. Slovenia has an excellent infrastructure, a well-educated workforce. YB Case can provide you with professional advice on opening a company in Slovenia.
Benefits of registering an enterprise in Slovenia
- Slovenian LLC can be established with 1 director and 1 shareholder of any nationality;
- Foreign investors can open a Slovenian business remotely;
- A minimum authorized fund is €7,500;
- A corporate tax rate of 17%;
- Slovenia has no currency control, which simplifies an international trade for manufacturing companies.
Investors from CIS are interested in this jurisdiction, because:
- It is interested in a mediation between CIS countries and the USA;
- A bilateral trade between Russia and Slovenia is 1,5 billion Euros;
- Slovenian banking solutions in Russian are easy to use;
- A lot of efforts are aimed at protecting minority investors;
- Slovenia is very cheap (food, transport, utilities, rent, wages).
Cons of registering a Slovenian commercial firm
- The economy of this jurisdiction was hit hard by a global economic downturn in 2008, a debt crisis in the Eurozone in 2013, which caused negative growth rates both in 2012/2013. However, the country has experienced a positive economic growth in 2015 at a relatively low rate of 2,3%;
- Although many Slovak speak in English, it is a second language. Most speak in Slovenian as their native language, and official business documents will need to be translated into Slovenian;
- The country takes 90th place in the ranking of economic freedom, the situation is complicated by incredibly strict labor standards.
The country is supportive of the manufacturing business:
- a high-quality infrastructure of electronic and manufacturing industries. 22nd place in the world in terms of higher education;
- a high level of foreign direct investment;
- a jurisdiction is at the crossroads of many important trade routes: from east to west, from north to south;
How to open a commercial Slovenian enterprise?
First of all, non-residents must obtain a Slovenian tax number.
- A name of the firm. You must verify, that a selected name is not in a business register.
- Company members. All legal forms of enterprises (except Sole Traders) are registering by at least 1 director. You can appoint multiple directors.
- A head office. It must be registered before a company registration.
Steps for setting up a company in Slovenia:
- A free consultation;
- A translation of documentation (if necessary);
- Slovenian tax number and certificate of criminal record for all future foreign founders;
- Registering an enterprise in Slovenia;
- Opening an account with a Slovenian bank.
Our experts will assist in choosing the most suitable form of business in Slovenia, will help at all stages of a registration in Slovenia/EU.
- When entrepreneurs have 7,500 EUR, they will conduct business with no more than 50 shareholders. It is typical for Private Limited Liability enterprises. Increase/decrease in capital, transformation/liquidation of the enterprise, other important issues are adopted at a General Meeting.
- If Slovenian or foreign entrepreneurs have 25,000 EUR, they can set up a JSC in Slovenia. A number of shareholders may be above 50. Their liability is limited by their contribution. General Meeting of shareholders is mandatory.
- Two partners can open a Slovenian General Partnership. They are also responsible for obligations of the firm. No minimum share capital, but partners’ assets can be used to cover liabilities.
- To establish a Slovenian LP, one partner is responsible for debts of this firm within his/her contribution, a general partner has an unlimited liability. Only common partners can make all management decisions.
- Partnership by Shares in Slovenia consists of at least 5 partners. Obligations of participants are determined by their contribution.
Slovenia offers many opportunities for investors. As an EU member, Slovenia has signed many treaties in the attempt to attract investment.
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