Types of Slovak Companies
Yuhan Ma 15.07.2017
This publication is also available in Chinese: 斯洛伐克公司种类
Several types of companies can be established in Slovakia, according to the needs and possibilities of the owners. Each type of legal structure has its own particularities and our Slovak experts in company formation matters can advise you upon the most suited type for your business needs.
Limited liability Company
The private limited liability company (Spoločnosť s ručením obmedzeným) in Slovakia is the most common form of business used for small and medium investments. This company is based on a share capital at least of 5,000 Euro and can be founded by one or by a maximum of 50 shareholders. The management of the limited liability company is carried out by an Executive or more Executives appointed by the General Meeting forming the statutory body authorised to act and sign on behalf of the company. A Supervisory board can also be appointed but is not mandatory. Shares are private and dispositions may be limited or subject of General Meetings approval.
Joint Stock Company
Joint Stock Company (Akciová spoločnosť) in Slovakia is another capital-type company designed for a larger business. The minimum share capital is 25,000 Euro divided into stocks and can be established by one or by an unlimited number of shareholders. A joint stock company can perform business activities only after the registration with the Commercial Registry.
This company is managed by a board of directors appointed by the General Meeting forming the statutory body authorised to act and sign on behalf of the company. The supervisory board is mandatory and members are appointed by the General Meeting.
General Partnership (verejná obchodná spoločnosť) in Slovakia is no different from the rest of the general partnerships around the world. The partners are equally liable for the company’s debts even with their own personal assets. All the decisions are equally taken by the partners forming the statutory body authorised to act and sign on behalf of the company, unless it’s stipulated differently in the Articles of Incorporation. Limited partnership (komanditná spoločnosť) in Slovakia is a rare form of partnership. It is based on a partnership agreement between two or more partners, called the general partners and the silent partners. The silent partners must make a contribution to the share capital of at least 250 Euro. Their liability is limited by their contributions. The general partners are forming the statutory body authorised to act and sign on behalf of the company. They are not required to make any capital contribution but have unlimited liability for company’s debts similarly as the partners in the General Partnership.
A branch office is not a Slovak legal entity, but represents a foreign company and must fully list the business activities in the application for the Commercial Register. It can only engage in the business activities listed. An appointed director of the branch office is entitled to act on behalf of the foreign company and he or she must be registered in the Commercial Register.
The Economic & Commercial Counselor's Office of the Embassy of the People's Republic of China in the Slovak Republic: Slovakia Investment Guide (2016)
The Economic & Commercial Counselor's Office of the Embassy of the People's Republic of China in the Czech Republic: Czech Republic Investment Guide (2014)