Register a Branch office in Slovenia – expand your business to EU
Register a Branch office in Slovenia – opening a Branch office in Slovenia can be a great way to expand your business to EU if you already have a company. Also, you can employ people in your Slovenian Branch office. In case you want to employ foreigners, you can apply for Single work and residence permit.
Branch office or LTD?
Well, it depends on your circumstances. To register a Branch Office in Slovenia you need to have an existing Ltd. company. Any Ltd. company no matter where its headquarters in the world are, can open a Branch office in Slovenia. The Slovenian Branch office will be a part of your existing company which will be its founder. Therefore, Branch office has to do the same business as the founding company. Huge advantage for some is that for opening a Branch office you do not need founding capital. Also, you do not need a Slovenian bank account. Jus to avoid any confusion, you can have a bank account but it is not obligatory. You will have to provide some documents about the mother company as it will be the founder of your Slovenian Branch office. Therefore, there will be some additional translation and notary costs.
Working in other EU countries and employing workers
It is important to stress that regarding doing business in the EU market and employing EU as well as non–EU citizens, same rules apply for both Ltd. company and a Branch office. Besides that, procedures are same for sending workers to work in other EU countries. For instance, if you want to send your workers to Germany the procedure will be same if you do it as a Branch office or Ltd. company. The only thing you should consider is that Ltd. company is and independent Slovenian business entity while Branch office is just a part of your existing foreign company. Therefore, if you think it would be better for your business if you would be able to promote that you are a Slovenian business, Ltd. company might be a better choice.
Above all, Branch office is worth your consideration if you already have established business and you just want to expand it to Slovenia and EU. If you opt for Ltd. company you will need a share capital of 7.500,00 euro. Also, you will need and a Slovenian bank account.
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