FAQ

When do I have to change my company´s share capital to Euro?

The Slovak Republic´s transition to the Euro will affect the company registry records showing the relevant amounts of corporate tax. Under law 659/2007 Z.z. on the transition to EURO in conjunction with Decree MS SR č. 246/2008 Z.z. on the regulations and procedures for the conversion of a nominal amount of paid up capital and nominal capital in Slovak currency to the Euro, all legal entities (limited liability company, joint stock company, etc.) must convert all nominal amounts in the Slovak crown to Euro at the set conversion rate and in accordance with all other conversion regulations between 1 January 2009 and 31 December 2009.     

We are offering to handle this statutory obligation for a price of € 65 (1,958.19 Sk) with a complete package of "EURO - capital" services, whereby we prepare the documentation necessary for the conversion of your funds to Euro, and liaise with the relevant authorities on your behalf.  

 

I would like to save on office operational costs. What would you recommend?

We can offer a prestigious business address address, optimised operational and personnel costs and provide contact with the relevant authorities and the public.

With our services you get all the benefits of a perfectly organised and well-functioning office at an exclusive address for the affordable sum of € 50 / a month.

 

We provide official address registration services and office centre  services:

  • Receiving and storage of mail,
  • Notification of received post, telephone calls and fax messages by email or SMS,
  • Forwarding of mail,
  • A telephone number with an operator,
  • Support from an assistant and secretary,
  • Consultancy services.

Additional services:

  • Rental of meetings rooms with a 6 person capacity,
  • Rental of meeting rooms with a 20 person capacity ,
  • Registration and administration of a domain,
  • Company email,
  • Web-hosting.
 

What is included in the company address registration service?

A registered office address with us means:

  • a representative office in an attractive location in Prague or Bratislava;
  • savings on operational costs in the running of the office space and workforce;
  • mediation between your company and the competent authorities;
  • modern meeting rooms in the administrative building and the possibility of access to third party services based therein (notary, lawyer, financial and tax consultation, PC support etc.);
  • furthermore, in using the Office Centre you can receive administrative support and other benefits for your business.
 

Company registered office address?

According to Slovak or Czech law every entrepreneur, legal entity or natural person must have a registered office adrdress. If you are an up and coming entrepreneur, a small or medium sized company or a foreign company entering the Slovak or Czech market, we can offer an exclusive office space for your business and registered office address with:   

  • an official company address,
  • a company brand,
  • receiving, storage and forwarding of mail.
 

Why buy a share company?

Advantages:

  • the possibility of raising capital through an initial public issue of shares, sale of shares on the stock market for publicly traded share companies, 
  • an unlimited number of shareholders,
  • higher expectations for business partners,
  • suitable for a capital lead business,
  • shareholders are not liable for the company´s obligations .

Disadvantages:

  • high installation costs,
  • requirement to establish capital to an amount of € 25.000 and a reserve fund for 10% of this amount,
  • fees for the Central Stock Deposit,
  • the high cost of convening general meetings for joint stock companies with a large number of shareholders,
  • the minimum requirement of a three member supervisory board,
  • the necessity of auditing financial statements.
 

Would it be better for me to buy a ready-made s.r.o. or have an s.r.o. set up?

If you need to make a business transaction immediately it would be more advantageous to buy an already established company, which would be functional within a few hours of the by the General Meeting´s decision. It also saves you time and money as the business functions of the ready - made company will already be widely used. We provides registered company address in Prague or Bratislava for those who are just starting a business and are unwilling to take risks in terms of hiring an increasingly expensive workforce.

If you do not choose to take up our current offer we can create a company according to your requirements and provide you with  comprehensive business services.

 

What is a ready-made company?

To entrepreneurs and clients who need to implement a business transaction immediately, and those expanding their businesses, we offer newly established companies that meet all the requirements for the authorities.   

Ready-made is:

  • a company established to be re-sold to the final purchaser,
  • already registered in the commercial register, but do not yet conducting business,
  • has a 100% paid up capital,
  • the company is registered in the commercial register and tax office for corporate income tax,
  • the company has no assets or liabilities.
 

I´m just starting as an entrepreneur, is a trade company or an s.r.o. better for me?

There is not a straightforward answer to this question. Each legal form has advantages and disadvantages. Limited liability companies are the most common legal form.


A trade company has the following advantages:

Trade company disadvantages:

  • low business start up costs,
  • suitable for individuals working on their own, who expect an annual revenue of up to 24 thousand Euro and whose actual expenditure is close to zero,
  • the possibility of paying a flat tax rate,
  • simple accounting process,
  • it is possible to start trading on the day in which free trade notification is given,
  • no need to create capital.
  • high tax rate,
  • unlimited personal liabilities to the company.


Limited liability company advantages:  

Limited liability company disadvantages:  

  • relatively low business start up cost (up to € 1.000 on average). Our company offers to set up a limited liability company for € 610 including legal and administrative fees, 
  • the partner is personally liable for the company´s obligations,
  • there need only be one partner, who also acts as the director,
  • there is no need to create a supervisory board.
  • double-entry booking is required,
  • a minimum start up capital of € 5000 is required,
  • a single shareholder company cannot be the sole founder and shareholder of another company.