Are you considering establishing a company in Europe and did not yet decide on a destination? In that case maybe this article will help you to choose Slovenia as the place to start your business in Europe.
Choose Slovenia as your business destination – good geographic position
Slovenia is located in central Europe, next to Hungary, Croatia, Austria and Italy. It entered the European Union in 2004 and the Schengen zone in 2007. It also adopted the EURO currency in 2007.
Because of all of these factors, Slovenia has a good geographic advantage. Regardless of its size, it has good highway connection, an international port at the seaside and airports with connections to other EU and non-EU countries. A good geographic position is definitely an excellent reason to choose Slovenia for your business.
Choose Slovenia as your business destination – improved economic situation
Slovenia recovered well after the economic crisis. Currently, the gross domestic product (GDP) increased by 5% in the past year. There is also a growth of export and unemployment decreased because entrepreneurship expanded and more demand for skilled labor was reported.
Because of these factors and Slovenia’s growing recognition outside of its borders, many foreigners come to Slovenia and see it as a potentially good investment possibility. This is one of the main reasons that many foreigners decided to establish their own company in Slovenia. It also gives them a good possibility to expand their business to other EU countries. It is seen as a good starting point to doing business in Europe.
Choose Slovenia as your business destination – easy process of company establishment
One of the advantages for foreign entrepreneurs who choose Slovenia is how easy it is to establish a company. Foreigners can establish a LTD company and all they need is a Slovenian tax number, 7.500€ founding capital and a business address in Slovenia. All shareholders and directors have to come to Slovenia personally to make the company registration and open the bank account. They have to be present in Slovenia for about 10 days to finalize the process.
Locals and foreigners can register their company at our One-Stop Shop free of charge. In the process of company registration, you receive the act of establishment. With those documents you can go to the bank to open a temporary bank account. At this point, you deposit the founding capital 7.500€. In 3-5 business days the company is established and the representative of the company has to go back to the bank to change the temporary bank account to permanent. With this, you can start your company’s business conduct.
Choose Slovenia as your business destination – possibility for business immigration to Europe
If you plan on overseeing your business firsthand or plan to employ citizens of non-EU countries, you would need to obtain a work and residence permit for Slovenia. Opening your own company gives you the possibility of business immigration. This is possible if your company fulfills certain conditions of active business conduct.
You can fulfill them by investing 50.000€ into fixed assets of the company. You can also fulfill them by employing local staff for a full work day for 6 months. If you will start business conduct right away, you can fulfill the condition by showing company turnover 10.000€ each month for 6 consecutive months. If your company fulfills one of these conditions, you can apply for work and residence permit for yourself as well as employ other non-EU staff. As the process of business immigration is so straightforward, it is also one of the reasons foreigners choose Slovenia for starting their business.
Choose Slovenia as your business destination and establish a company with the help of Data!
If you have decided to choose Slovenia as your business destination, Data can offer you full support with company registration. We can obtain all necessary documents to register a company. You can also make the company registration at our office.
We also offer accountancy services and taxation consultation. If you do not have a business address, Data can offer you services of virtual office. Should you need a better understanding of Slovene legislation, our legal department can help you.
If this article convinced you to choose Slovenia as your business destination, you can write to us on our email [email protected]. 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.