INVESTORS IN SR
|TYPES OF BUSINESS
ENTITIES IN SR
BUSINESS ENTITIES IN SLOVAKIA
main regulation of business law in Slovakia is the Business Code Act.
No 513/1991 Zb. as amended. Entities of business law under this Code
are enterpreneurs, the state and its bodies, local territory entities
and other subjects. This Code recognizes these types of business corporations:
a) „spoločnosť s ručením obmedzeným“ is a limited liability company, whose registered capital is made up of contributions agreed in advance by its members. The company itself is wholly liable for any breach of its obligations from all of its assets, but each member´s liability for the company´s obligations is limited to the unpaid part of their contributions as recorded in the Business register. Abbreviation is s.r.o. or spol. s r.o..
„akciová spoločnosť“ is a joint stock company, whose registered
share capital is divided into a certain number of shares of a specific
nominal value. The company itself is wholly liable for any breach of its
obligations from all of its assets, but each member has no liability for
the company´s obligations. However, a member must pay up the nominal value
of his shaers in full. Akciová spoločnosť may be found either by calling
for stock subscription or by founders, who pay off the whole registered
capital. Abbreviation is a.s. or akc.spol.
Other types of business subjects, which are regulated by specific acts are sole traders and subjects carrying on business under specific regulations. Sole trading is a continuing activity, which is executed independently, under own name, with full responsibility, for the purpose of achieving profit and under conditions of Sole Trading Act No. 455/1991 Zb. as amended. Sole trading may be executed by a natural person or a corporate entity.
Foreign persons or entities are entitled to operate business in the territory of Slovak republic under equal conditions. A foreign person or entity may take part in incorporating a slovak business corporation, may incorporate a slovak business corporation itself, may become a sole owner of a business corporation, or may be a shareholder in already existing slovak business corporation.