Are you considering starting or expanding your business to Europe and have not yet picked a country for your headquarters? If yes, you can read all about the advantages of company establishment in Slovenia, EU and choose Slovenia as your business destination.
Advantages of company establishment in Slovenia, EU – part of European Union and Schengen zone
Slovenia is located in central Europe next to prominent neighboring countries such as Austria, Italy, Hungary and Croatia. Since 2004, Slovenia is a member of the European Union and has adopted the Euro currency in 2007. In the end of 2007, Slovenia also became a part of the Schengen zone.
All of these factors are vital when choosing a business destination. As part of the EU, your company can have clients, customers and suppliers all over Europe without hassle. Having the same currency as most Europe makes trading much easier. Being a part of the Schengen zone makes transport of goods easier. If you a are a non-EU citizen and obtain a work and residence permit in Slovenia, you can also travel to other Schengen zone states without obtaining additional visas. So, one of the main advantages of company establishment in Slovenia is definitely its location.
Advantages of company establishment in Slovenia, EU – low corporate income tax
The advantages of company establishment in Slovenia is the taxation system. One of the main issues, which an entrepreneur has to consider, is how much tax the company will pay. In Slovenia, corporate income tax is 19%. It is important that it is not considered for each transaction separately but after the end of the business years. Which means that if after the calculation of profit and loss in the previous business year, your company has profit you would pay 19% corporate income tax.
Advantages of company establishment in Slovenia, EU – two different VAT rates
Another tax, which an entrepreneur has to consider is VAT – value added tax. If your company will have clients in other EU countries, it will have to enter the VAT system. Mostly, VAT in Slovenia is 22%. There is also a lowered rate of 9,5%. This one is calculated for food, beverages, residential real estate, real estate reconstruction, cleaning services and hairdressing. So, a beneficial taxation system is also considered between the advantages of company establishment in this country.
Advantages of company establishment in Slovenia, EU – quality of life
Several entrepreneurs decide not only to establish a business in Slovenia but also to relocate to Slovenia to better oversee business conduct. Slovenia has a high living standard and a low crime rate and is considered one of the safest countries in the EU.
The process of business immigration is easier than most countries and a very see-through and straightforward process. Family reunification with spouse and children under the age of 18 is possible after the parent/spouse has been living in Slovenia for 1 year. For children of school-going age, it is possible that they enroll in Slovenian public schools. They are free-of-charge even for foreigners.
When you would obtain your work and residence permit, you will also receive basic medical insurance, which would also cover your dependents. The advantages of company establishment in Slovenia will give you and your family the possibility to live in a safe and prosperous country.
Data can help you to evaluate the advantages of company establishment in Slovenia, EU!
Our company can offer your full support to understand the advantages of company establishment in Slovenia. You can register your company at our One-Stop Shop free of charge. Our legal department can help you to understand the legislation of each chosen business activity. The department for foreigners at Data can assist you to apply for the work and residence permit and guide you through the entire process.
We also offer services of accountancy and tax consultation. Data can also offer you services of virtual office in you have not yet chosen your company’s business address.
To understand more on the advantages of company establishment in Slovenia, contact us!
For all additional questions on the advantages of company establishment in Slovenia, EU, please contact us on +386 1 6006 270 or via e-mail: data@data.si. You can also come personally to our office located at: Dunajska cesta 136, 1000 Ljubljana.
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