Presenting Slovenia as a possible business destination

Many non-EU foreigners are deciding to start or expand their business in Europe. The European Union is a popular business destination as it is a multi-cultural market with easy trading as it is borderless. But how to make a choice between 28 members states and choosing the one with most suitable business environment? We will be presenting Slovenia as one of the business destinations that many foreigners choose to develop their business.

Presenting basic information about Slovenia

The country is located in central Europe, bordering on Croatia, Italy, Hungary and Austria. It joined the European Union in 2004 and the Schengen zone in 2007. The country gained independence from Yugoslavia in 1991 and has the highest development rate of the former states. Its governmental system is a parliamentary democratic republic.

Slovenia has approximately 2 million inhabitants, with ethnic Slovenes making up roughly 83% of the population. The official language is Slovene, but Slovenians tend to speak foreign languages as well. The estimation is that 92% of the population can also communicate in at least one world language. English is the most popular choice, followed by German, Italian, Croatian, French and Spanish.

Presenting possible scopes of business in Slovenia

Doing business in Slovenia starts with registering a company in Slovenia. Non-EU citizens can register an LTD company with 7.500€ of founding capital. We are presenting the characteristics of Slovenia based on mostly their natural resources in location and which business activities developed from it. As the economy keeps on improving since the end of the crisis, the GDP (gross domestic product) growth was 4,5% in 2018 in comparison to the previous business year. The largest part of the Slovenian economy is represented by service activities, tourism in particular. Tourism is possible due to areas for ski resorts in the winter and coastal areas for summer vacation with an abundant specter of natural beauties.

Slovenia also has strong representation in the industrial, construction and agriculture sector. The strongest parts of the industrial sector are ironwork, automotive industry, manufacturing electro-technical devices, wood and textile industry, pharmacy chemicals and mechanical engineering. It has high natural resources, like water and forests. It has larger parts with fruitful crops of land, that tend to agriculture and livestock farming. Slovenia is also one of the better-known wine countries, producing its own wine in several areas of the country.

What business activities do foreigners in Slovenia tend to register?

We are also presenting the business activities that foreigners tend to register in Slovenia. The most commonly chosen is investing in residential and commercial property. Companies buy property and then rent it out both short-term as well as long term.

Foreigners also decide to open consulting companies, where they offer their various skills that they gathered during their career. As Slovenia is becoming more and more multi-cultural, foreign entrepreneurs also decide to open restaurants offering their authentic cuisine.

If you are fluent in at least two languages, you can also offer translation services as your company’s business activities. Sometimes, foreigners in Slovenia do not speak Slovenian or English and they need assistance of translation from their language, which you can offer if you speak a more exotic language.

In the modern age, IT services are sought after everywhere in the world. If you are an IT specialist, you can offer your services through your company throughout the European market.

Many times, foreigners decide to open a store with imported products from around the world. The most common choice is opening a clothing store in Slovenia and presenting local fashion on an EU market.

Data d.o.o. can help you to register the company in Slovenia

If you are now convinced Slovenia is your next business destination, you can turn to Data d.o.o. for assistance.

We can help you to obtain necessary documents for company registration.

Data d.o.o. also received a license from the government and is an official VEM point, where you can perform company registration.

Our seasoned accountants can help you to make sure that your company’s books are kept in order with the Slovene accountancy standards.

If you are not sure which legislation covers a specific business activity, our legal team can offer consultation.

If your company needs a business address, we can provide services of virtual office.

For more information on presenting Slovenia as a possible business destination, send us an e-mail to data@data.si. You can also contact us over the phone 00386 1 6006 270 or 00386 40 530 718 (Viber, WhatsApp). You can also follow us on Facebook.