Single person LTD company is a company, where the shareholder and the representative are the same person. It is a very common company type for entrepreneurs who start their business in Slovenia. During the coronavirus outbreak, the government has also included directors of single person companies into the possibility to receive benefits under the Intervention Act which will ease the economic effects of coronavirus in Slovenia.
Are you a company owner in Slovenia? Do you need help in understanding the governmental measures that your company could apply for? Attend our free webinars on governmental measures during coronavirus in Slovenia. Apply here or call our experts on +386 1 6006 270, Viber/Whatsapp +386 40 530 718 or write to us on [email protected].
Data d.o.o. has been offering support to entrepreneurs with business in Europe for 30 years. In addition to company registration services, we also provide professional accounting services. Additionally, we also have a specialized legal department that supports business owners with every aspect of business Slovenian legislation. They can also assist you in implementing the measures that the state offers to single person LTD companies during coronavirus outbreak. We also follow the novelties that the state enforces to support the economy and can offer consultation. You can also follow us on Facebook.
When is a director of a single person LTD company eligible to receive basic income under Intervention Act?
The Intervention Act stipulates that beneficiaries of extraordinary assistance in the form of monthly basic income are also shareholders who are representatives (directors) in an enterprise and are insured pursuant to Article 16 of ZPIZ-2 (based on insurance basis 040). The director of a single person LTD company can manage the company through a special agreement. If the director is not insured on another basis (ie not employed in another company), he does not receive a salary in terms of employment (in which case he would be insured on basis 001) and is eligible for receiving basic income during coronavirus outbreak.
Additional conditions?
The director of a single person company must also meet the following requirements:
- due to an epidemic, is unable to conduct the business activity of the company or carries it out in a decreased extent;
- at least a 25% decrease in revenue of the company in March 2020 compared to February 2020;
- or a 50% decrease in revenue of the single person LTD company in April or May 2020 compared to February 2020;
- a decrease in revenues in the first half of 2020 by more than 20% over the same period in 2019 and in the second half of 2020 no more than a 20% increase in revenues compared to the same period in 2019, and
- has paid all tax obligations.
Are you a company owner in Slovenia? Do you need help in understanding the governmental measures that your company could apply for? Attend our free webinars on governmental measures during coronavirus in Slovenia. Apply here or call our experts on +386 1 6006 270, Viber/Whatsapp +386 40 530 718 or write to us on [email protected]
Leave a Reply
You must be logged in to post a comment.