Many foreigners have decided to start a business in Slovenia. The country is interesting for them because it is part of the European union and gives them the opportunity to do business in Europe, not only Slovenia. But some of them also decide to relocate to Slovenia. They reach this decision both because they want to oversee their business on-site but would also like to live in a safe and stable country. But for non-EU citizens, relocation to Slovenia does not come automatically with company registration. To employ foreigners, the company has to fulfill specific conditions. As those conditions can be misunderstood, we will be offering an explanation of each of them.
Are you considering company registration in Slovenia?
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Business immigration starts with company registration in Slovenia
The first step of business immigration is company registration. Non-EU citizens can open an LTD company for which they need 7.500€ founding capital. In addition, they also need a Slovenian tax number and the company needs a business address in Slovenia. Data d.o.o. can offer assistance in obtaining the necessary documents. We can also provide accountancy services for your company as well as a business address.
What are the conditions for business immigration to Slovenia?
Non-EU citizens start working in the company only when they receive a work and residence permit for Slovenia. They cannot apply automatically after company registration. In order for a Slovenian company to employ foreigners, it has to fulfill one of three conditions:
- investing 50.000€ into fixed assets of the company,
- or employing an EU citizen for 6 months on a full workday,
- or showing company turnover 10.000€/month for 6 consecutive months.
Explanation of the 50.000€ investment option
If you decide to fulfill the first of the conditions, keep in mind that you have a time limit. You have to make this investment within the first 6 months from company registration. This means that this option is available only for new companies.
When making the investment it is important that you make it into the business activity of the company. It means that you have to buy something your company needs in order to do its business activity. Different company types can have different things that can be counted as investment to fixed assets. Companies renting real estate can buy residential property. IT companies can purchase servers or computers. Construction companies can purchase building equipment. When making the purchase make sure that the amount you spend is not less than 50.000€.
Explanation of the option of employing an EU citizen
If you have chosen the 2nd option, you will have to proceed to employ someone after company registration. Only non-EU citizens and people with permanent residence permit of Slovenia can be employed in a company immediately. When you employ someone, you will have to pay that person at least minimal salary for a 40-hour workday. The salary calculation is done on a monthly basis. You will have to pay the person salary at least 6 months before you can apply for the work and residence permit.
Explanation of the 10.000€/monthly turnover option
It is also important to offer explanation on the turnover option, as it is the most complex and misunderstood one. It means that your company has to issue invoices to clients for the services/products in the amount of at least 10.000€/month. Also, you will need to receive payment of those invoices for an amount at least 10.000€/month. You will have to continue generating such income for 6 consecutive months. The authorities will check the amount for each month and do not look at the average over 6 months. After 6 months of generating such a turnover, you can apply for work and residence permit.
For additional explanation of the terms of business immigration to Slovenia, send us an e-mail to firstname.lastname@example.org. 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.