When opening a limited liability company in Slovenia, the company requires at least one shareholder and one representative. Do you know the key differences between those two functions in a company?
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Key elements of a shareholder in a Slovenian company
The key element of a shareholder in a Slovenian company is that this is the company owner. It is the person or legal entity that provides the share capital for company establishment. In Slovenia, the minimal share capital is 7500€. There can be more than one shareholder and it can be a natural person or legal entity. The shareholder appoints the representative and is also entitled to payment of dividends if the company has profit.
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Key elements of a representative in Slovenian company
The key element of a representative in Slovenia is that it is the person who makes the executive decisions in the company. He or she is liable for business conduct of the company. The shareholder appoints the representative, who has to be a natural person but it can also be a foreigner. The representative is not entitled to the payment of dividends, if he or she is not also the shareholder in the company. Also, the representative is the person who signs all company agreements and makes payments from the corporate bank account.
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Key differences between a shareholder and representative in the Slovenian company
The key differences between the shareholder and the representative are the following:
- the shareholder can be legal entity, whereas the representative can only be a natural person,
- also, the shareholder is entitled to the payment of profit, while the representative is not,
- the shareholder is the owner of the company, whereas the representative makes the executive decisions.
It is also important to understand that the shareholder and the representative can be one person – in this case it is a single-person LTD company. In both cases, there can be more shareholders and more representatives, not only one. Also, the key information is that a foreigner can be both a shareholder and a representative in a Slovenian company.
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If you have additional questions about business in Slovenia, do not hesitate to contact DATA d.o.o. for support! Send us an email to [email protected] You can also call us on +386 1 6006 270, Viber/Whatsapp +386 40 530 718 or skype data.business7.
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