How to transfer your business to Slovenia?
Are you a seasoned entrepreneur abroad and would like to enter the European market? Transfer your business to EU by opening a company in Slovenia.
If you plan to transfer your business to the very vibrant European market, consider Slovenia as a good business destination. Slovenia prides itself in good economic standing and stable business environment. The gross domestic product (GDP) grew by 5 % in comparison to the previous year. The central geographic location and strong neighboring countries, such as Italy, Austria, Hungary and Croatia give you a great opportunity to use Slovenia as a hub for your business in Europe. Most people, especially in bigger towns, speak English in addition to the official language so you would not encounter obstacles when doing business with locals.
Slovenia also has access to international waters with the port in Koper, which facilitates worldwide trading. It also has good highway and airway connections to most of Europe.
Choose Slovenia as your business destination
If you have chosen Slovenia as your business destination, the first step would be to open a company. There are several possibilities when opening a company in Slovenia, depending on your level of previous entrepreneurship experience.
If you are a new entrepreneur and do not have an already operating company abroad, you can open an LTD company. It is a private company limited by shares, where the founding capital is 7500€. The company is liable for business conduct in that amount. To establish it, you need Slovenian tax number, business address for the company in Slovenia and the founding capital. Then you have to come to Slovenia for about 2 weeks to finalize company registration processes.
Transfer your business to EU – open a subsidiary in Slovenia
But if you have already experience in doing business and have an existing company abroad, you have two additional possibilities if you transfer your business to Slovenia.
You can establish a subsidiary. This is also an LTD company, which requires 7.500€ founding capital. But in this case the shareholder of the company if your foreign company. In addition to the capital, business address in Slovenia and Slovenian tax number for the representative, you also have to obtain the Slovenian tax number for the parent company. You can obtain it based on an extract from the business registry of the parent company. This document has to be appropriately attested and translated to Slovene language. When registering a subsidiary, you also have to come to Slovenia to do company registration and open the corporate bank account.
Transfer your business to EU – open a branch office in Slovenia
There is also the possibility to transfer your business by opening a branch office. This is not a separate legal entity but a part of your parent company. You have to include the business conduct of the branch in the parent company’s financial report. It can also only register the same business activities that the parent company is allowed to conduct.
The branch office does not require founding capital and you have to register it at the notary. You can also authorize someone else to register it on your behalf so you do not need to come to Slovenia for company registration.
From the parent company you have to submit the financial report for the previous year, act of establishment and extract from the business registry. You have to attest all documents appropriately and obtain a translation to Slovene language. Once you have submitted the documents to the notary, the company is registered within 14 days. A branch office is not required to have a bank account in Slovenia, it can use the parent company’s bank account.
As soon as you have registered one of the companies, you can proceed to do business in Slovenia.
Transfer your business to EU with the support of Data!
If you have decided to transfer your business to Slovenia, Data can offer you full support in the process.
We can obtain the Slovenian tax number on your behalf. You can also register the LTD company at our VEM/SPOT point free of charge. If you open a branch office, we can submit the documents to the notary on your behalf.
Data also offer accountancy services and tax consultation for any of the company types.
We have our own legal department which can help you choose the right company type with which you transfer your business to Slovenia They can draft contracts for your company
Should your company need a business address, we provide services of virtual office.
For more information on how to transfer your business to Slovenia, you can write to our email email@example.com. You can also contact us over the phone 00386 1 7776 289 or 00386 65 602 299 (Viber, WhatsApp). You can also follow us on Facebook.