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.

Slovenia business setup summary

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• Advantages and disadvantages

  Advantages of Slovenia company registration

  

  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 37^th 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 36^th 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 36^th out of 137 countries in the 2019 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$54.24 billion in 2018;
     • The market size index of Slovenia is ranked low as 82^nd 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;
     • Slovenia lacks investment and financial freedom, being ranked 58^th in the 2019 Index of Economic Freedom by The Heritage Foundation;
     • Other Central and Eastern European countries offer lower corporate tax rate than Slovenia. For example, the corporate tax in Bulgaria is a mere 10%;
     • One of the main pillars of competitiveness, the Financial system of Slovenia is ranked very poorly by the World Economic Forum for 2019;
     • Slovenia lags behind Czech Republic and Austria in terms of Economic competitiveness for 2019.
  3. It is not easy to get credit for Slovenia incorporated businesses. The World Bank has ranked Slovenia 119^th 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 26^th in the World in terms of skills the WEF for 2019;
     • 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;