Difference between LTD and SP in Slovenia

Difference between LTD and SP in Slovenia is the first question our clients have. Limited Liability Company (LTD) and Sole Proprietorship (SP) are two most common types of company. However, which one is the right choice for you? What is the main difference between them? Find our more in this article. If you want to start business in Slovenia, contact us on Viber/WhatsApp: +386 40 530 718. You can also write us an email at data@data.si!

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Difference between LTD and SP in resposibility

One of the main differences between LTD company and SP is the responsibility. An SP is a natural person. They are therefore responsible for the SP with all of their personal assets. this can be quite risky. On the other hand, LTD is an entity. The responsibility in this case is limited. That means that they are only responsible with the company’s assets. As you can see, the difference in responsibility between LTD and SP in big. What about other aspects? Which one takes more time to register? Do you need to make an investment? How much is it? Keep reading to find out more. You can also call us with your questions on Viber/WhatsApp: +386 40 530 718.

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Which one takes more time? LTD or SP?

If you are a foreigner that wants to register company in Slovenia, you have to understand one thing. There is a difference between LTD and SP opening of Slovene residents and foreigners. What is it? Slovenes can open a company right away. Foreigners, however, have to meet certain conditions. For example, they have to reside in Slovenia for 1 year, before opening an SP. It is a little different in case of an LTD. In this case, no waiting is required before company registration. However, you might have to wait 6 months to employ a foreigner. That is because you have to proove your company is operating. Another option in this case is an investment. Read more about financial differences below.

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What about the investments?

There is also a big difference between LTD and SP when it comes to investments. Initially, when opening an LTD, you have to have a founding capital. This investment is at least € 7,500. On the other hand, there is no initial investment needed, when opening an SP. However, that does not mean you should be opening an SP without financial backup. You never know what expenses can surprise you. But with the help of Data’s business consultants you can avoid unnecessary ones. You can acually leave all of your accounting to our experts. Read more about out accounting services! Also our legal consultants will help you guide before, between and after you start business in Slovenia!