Why foreign entrepreneurs should not buy already existing company in Slovenia?

Buying existing company in Slovenia – is that a smart idea?

Why foreign entrepreneurs should not buy already existing company in Slovenia? Buying a company in Slovenia looks simple. But before you decide on such a big step, you have to think about it carefully. The main problem is presence of founding capital. For a private company limited by shares (LTD) the founding capital must not be less than 7.500 EUR. Depositing the founding capital is a necessary condition.

Buying an existing company in Slovenia without depositing founding capital?

Before you decide to purchase an existing company you have to weigh in all the possible outcomes.

Please note that if you decide to buy an existing company in Slovenia and based on that submit an application for a single work and residence permit, the employment office can contact you and request additional requirements or ask questions. You would need to explain why you have decided to buy an existing company, which did not conduct business up until this point. There are many nuances regarding the paying of wages to the company’s employees – if there were any violations, it is possible that you would not be able to receive a residence permit in Slovenia.

If you will buy an existing company and if that company is older than 6 months, you Will not have a chance to obtain your permit based on the investment.

The buyer also receives all the debt of the existing company from the seller

Any prospective buyer has to know that the price that he/she will pay for the company will not be only mandatory payment. As we have already mentioned, it is necessary to return the 7.500 EUR in a loan agreement.

Additional payments will also be the cost of the notary’s services. Such as cost of the court interpreter and witnesses, who have to be present at the notary if you do not speak Slovenian.

Debts of existing company that are not present in the financial reports

Professional institutions verify the company that is being purchased in Slovenia. In most cases, this type of verification is enough but we recommend that you give special attention to the conduct of this company’s business from the moment of registration and in all stages, including the company’s activities on the Internet.

There is a real risk that after some time you will receive requests from organizations to repay debt, which you did not even know about.

The idea of »saving money« is very attractive in this day and age. Nevertheless, after buying a company, it is very easy to become a debtor in your newly acquired company.

Have you decided to open a company in Slovenia? The company DATA offers a »One-Stop Shop«. On the same day, you can already open a bank account and deposit the founding capital. We offer full support at all stages!

Contact us!

If you have more questions about existing company or new company registration, contact us! Write us an e-mail to data@data.si. Or call us on the telephone number +386 1 6006 270, Viber/WhatsApp +386 40 530 718 or Skype data.business7.

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