Slovenia company registration

DOING BUSINESS IN SLOVENIA IN 2018

Since 2003, Healy Consultants Group PLC has assisted our Clients with Slovenian company registration. Our services include i) Slovenia company incorporation ii) government license registration iii) corporate bank account opening services in Slovenia and abroad iv) Slovenia tax and VAT registration; v) employee recruitment vi) visa strategies and vii) office rental solutions.

SummaryTax-resident LLCBitcoin companyFree zone LLC Limited liability partnershipRepresentative office
Also known asDOOBitcoin podjetjeDružba svobodne conek.d.Podružnica
Best use of company?Trading and holding activitiesAll products and servicesManufacturing and export tradingProfessional servicesMarketing & research
How soon can you invoice Clients/sign sales contracts?2 weeks2 weeks5 weeks3 weeks3 weeks
How soon can you hire staff?2 weeks2 weeks5 weeks3 weeks3 weeks
How soon can you sign a lease agreement?1 week1 week1 week1 week1 week
How long to supply corporate bank account numbers?4 weeks4 weeks4 weeks4 weeks4 weeks
How long to supply company registration / tax numbers?2 weeks2 weeks5 weeks3 weeks3 weeks
Corporate tax rate on annual net profits?19%19%10%NoneNone
Limited liability entity?YesYesYesYesNo
Government grants available?YesYesYesYesNo
Government approval required for foreign owners?NoNoNoNoNo
Resident director/partner/manager/ legal representative required?NoNoYesNoYes
Minimum paid up share capital?€ 7,500€ 7,500NoneNoneNone
Can bid for Government contracts?YesYesYesYesYes
Corporate bank account location?SKBSID BankaIntesa SanpaoloKBS BankaBanka Koper
Can secure trade finance?YesYesYesYesNo
VAT payable on sales to local customers?22%NoneNone22%22%
Average total business set up engagement costs?€ 15,822€ 12,750Request a proposalRequest a proposal€ 16,622
Average total engagement period?2 months2 months3 months2 months2 months

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  • Advantages and disadvantages

    Advantages of Slovenia company registration

    Slovenia business registration - pros and cons

    1. Setting up a company in Slovenia is easy because
      • A Limited liability company in Slovenia can be registered easily with 1 director and 1 shareholder of any nationality;
      • Foreign investors do not need to travel to the country to register a new business;
      • The World Bank ranks Slovenia as the 30th best jurisdiction in the world to do business;
      • The Slovenian Business Register requires a relatively low minimal capital for registration at €7,500;
      • Slovenia has a corporate tax rate of 17%, though this is decreased from 25% in 2006. Also, there is a special rate of 0% that may be applied to certain venture capital companies;
      • The country is positively ranked by WEF as 35th in the World in terms of technological readiness;
      • There are no foreign currency exchange controls applicable in Slovenia, making international trade for manufacturing companies easy.
    2. Slovenia is preferred destination for Russian investors because
      • The country is against further business sections against Russian business, as the Government considers them unfruitful. The country is also interested to mediate communication between Russia and US;
      • Bilateral trade between Russia and Slovenia amount to 1.5 billion euro, with projections to double this amount by 2020;
      • Russian investors find the Slovenia corporate banking solutions in Russian easy to operate;
      • The country was particularly applauded on its efforts to protect minority investors such as Russian businessmen doing business in Slovenia;
      • Compared to countries of the western world, Slovenia is very cheap, including food, transport, utilities, rent, wages which is great news for Russian investors looking to expand in Central Europe.
    3. Slovenia has a globally competitive economy with strong socio-economic indicators that provide excellent incentives for businesses:
      • Slovenia has been ranked 48th out of 137 countries in the 2017-2018 Global Competitiveness Index by the World Economic Forum;
      • This is majorly due to Slovenia’s world-class health services and primary education levels that enables foreign entrepreneurs hire quality workers for their firms;
      • Slovenia is also known for its technological readiness as well as innovation and business sophistication.

    Disadvantages of Slovenia company registration

    1. A Slovenian company has access to a very small local market, because:
      • Slovenia’s population is small compared to other Central and Western European countries, at just over 2 million people;
      • The country’s GDP is only estimated at US$45.9 billion in 2017;
      • The Domestic market size index of Slovenia is ranked low as 91st according to WEF;
      • Being a small market, the country is easily affected by global economic downturns, such as in 2008 and later in 2013 causing negative growth rates.
    2. Slovenia is not a competitive Central European country because;
    3. It is not easy to get credit for Slovenia incorporated businesses. The World Bank has ranked Slovenia 105th in the world for ease of getting credit. This is a major disincentive largely for new or small-scale companies.
  • Best uses for a Slovenia company

    1. Slovenia is a great destination for manufacturing business because:
      • The country is home to a highly-educated workforce and high quality infrastructure, especially in the electronics and manufacturing industries. The country is ranked 22nd in the World in terms of higher education rankings of the WEF for 2016;
      • The Slovenian economy is relatively unsaturated with manufacturing foreign direct investment. The low amount of current FDI means that any new investor stands the chance to create a more lucrative business opportunity for themselves;
      • As a member of both the European Union and the World Trade Organization, a Slovenian registered company allows for unbridled access to the EU on the crossroads of many important trade routes, with most East to West and North to South trade paths going through Slovenia;

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: €15,822
  • Minimum capital: €7,500
  • Physical office required: Yes

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 17%
  • Corporate tax base: Worldwide
  • Shelf companies: No
  • Main company type: DOO Limited

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Contact us

For additional information on our company registration services in Slovenia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly: