Do you have a dream of becoming an entrepreneur and starting your own business? In this article we are presenting Slovenia as one of the possibilities where you can make this dream a reality.
Starting your own business in Slovenia, EU – why choose Slovenia?
If you are thinking about starting your own business in Europe, you might want to consider starting it in Slovenia. As one of the smaller countries in Europe, Slovenia might not have been well known in the world up until recently. In the past years, since joining the EU in 2004, it has become more visible to the outside world. Its rising popularity has also put it on the map for foreign investments.
As a part of Schengen zone and the EU it offers the same advantages of borderless Europe as other, more well-known countries, but still has the advantages of smaller countries, such as low corporate income tax and easy process of company establishment as opposed to bigger EU countries.
In addition, it has one of the most straight-forward processes of business immigration in the European Union. So, foreigners, who want to start their business in Europe and relocate to Slovenia in the process, do not have to »jump through hoops« in order to live and work in Slovenia through their own company.
Starting your own business in Slovenia, EU – what to consider?
When starting your own business in Slovenia, you naturally have to think of a business idea that you want to bring to life. A unique business idea can help you to market products or services easier and with less competition. Once you have decided on a business idea, you have to check if this business activity needs your company or its employees to fulfill any conditions or obtain licenses. Our legal department can help you to understand, what registering your chosen business activity might entail so that there are no unpleasant surprises after company registration.
You also need to think about the documents you need when starting your own business in Slovenia. If you are a non-EU citizen, you can register a LTD company. For that you would need 7.500€ founding capital, a valid passport, Slovenian tax number and a business address where you would register the company’s address in Slovenia. Data can also provide full support in obtaining the necessary documents, organizing company registration and if needed, offer services of virtual office. Basically, we can offer full support to you when starting your own business in Slovenia.
Starting your own business in Slovenia, EU – company registration
The most important step when starting your own business is the actual company registration. Once you have gathered all the necessary documents, you would have to come to Slovenia for company registration. All shareholders and representatives need to be present in Slovenia for company registration. You can register your company at any VEM/SPOT point (Data is one of them). Here we would prepare an act of establishment with your business activities listed.
Afterwards, you would have to go to a chosen bank in Slovenia an open a temporary bank account. There, the shareholders would deposit the founding capital.
Within 3-5 business days after depositing this founding capital, the company would be officially registered. Then, the representative would go back to the bank to change the temporary bank account to permanent. This concludes the process of company registration.
Starting your own business in Slovenia, EU – steps after company registration
Starting your own business would also include you to consider, who will help you run your company’s accountancy. When coming to a new country as a foreigner, not knowing the country’s specific rules and regulations, you might want to take advantage of a local accountancy provider to avoid paying unnecessary fines for not knowing the rules. Data also offer accountancy services and tax consultation. In addition we have our very own legal department, which can assist you to understand the legislation.
If you also plan to cooperate with other EU countries and offer your services there, you would also need to enter the VAT system. The tax advisor can assist you to understand what is needed to apply for a company’s VAT number.
If you are a non-EU citizen and if you also plan on working in your own company or employ other non-EU citizens to work for you, they would need to obtain a work and residence permit. The company would have to fulfill certain condition in order to be eligible to employ foreigners. Should you need assistance with the application, Data can guide you through the process.
If you want additional information on starting your own business in Slovenia, contact us! Write us an email to: [email protected]. You can also contact us via phone: 00386 1 6006 270 or 00386 40 530 718 (Viber, WhatsApp). You can also follow us on Facebook.