Outsourcing to Slovakia - Requirements for the purchase of a ready-made company in Slovakia

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Outsourcing to Slovakia

Outsourcing to Slovakia is a popular topic, as is ready-made business models in Slovakia. How does the purchase of a ready-to-wear company in Slovakia from? What are the requirements for buying a ready-made clothing company in Slovakia? We go into this in more detail in this article.

Acquisition of a company in Slovakia - Completed company

En Ready-to-wear company is a new company with no liabilities, no debts, no employees and no contracts. It is created solely for the purpose of Resale and has never run a business before. The good thing about this is that you can set up your company immediately and have the opportunity to do business in just a few hours. All you need is a commercial register number and a VAT identification number.

Here are the essential requirements for the Company acquisition in Slovakia:

  1. Authorisation: Any person, regardless of their nationality or place of residence, can become a director or shareholder of a Slovak company.
  2. Previous convictions: The director(s) of the company must provide a clean criminal record.
  3. Shareholder: Both private individuals and legal organisations can be shareholders of a company founded in Slovakia.
  4. Registered office: The company must have a local registered office in Slovakia. Virtual offices can be provided if required.
  5. Documents: Buyers must submit identification documents and incorporation forms with details of the company structure. Documents relating to the company's capital and business activities must also be completed.
  6. Registration changes: After the purchase, changes to the ownership structure, company name and business activities must be entered in the commercial register. This can take around 15 working days.
  7. VAT registration: Companies with a turnover of more than €49,790 in 12 consecutive months must register for VAT. It is possible to buy a company that is already registered for VAT, but this is considerably more expensive.
  8. Residence permit: EU citizens do not require a residence permit. A residence permit is guaranteed for non-EU citizens who become managing directors of the company.
  9. Equity requirements: The minimum capital depends on the type of company. A public limited company requires €25,000 for a closed company and €100,000 for an open company.
  10. Bank account: A company bank account must be opened.

The purchase of a finished company can be faster than setting up a new company because the 2-3 week process of setting up a new company in Slovakia is not required. However, buyers should have a Due diligence to ensure that the company has no prior history or other obligations.

Advantages of a ready-made company in Slovakia

The purchase of a customised company in Slovakia has the following advantages:

  1. Time saving: The purchase of a customised company is much faster than setting up a new company, which usually takes 2-3 weeks in Slovakia.
  2. Immediate business start: You can start doing business immediately after acquiring the company, usually within 24 hours.
  3. Already existing registration: The company is already registered, including registration for income tax.

Risks purchase process finished company Slovakia

The purchase of a customised company in Slovakia offers many advantages, but also some potential risks:

  • Hidden obligations: Despite assurances, there is always the risk that the company has undisclosed debts or obligations. It is therefore important to carry out a thorough Due diligence to be carried out.
  • Image risk: The company could have a negative history or a bad reputation. This could have an impact on future business activities.
  • Compliance problems: The company may not fulfil all local regulations, which can lead to fines or legal problems. This includes the required business licences and permits.

Outsourcing infrastructure Slovakia

The acquisition of a customised company is a simple process. The Readymade business models Slovakia are flexible and open to companies wishing to invest in Slovakia. Outsourcing is the way of the future and it is helpful to know these aspects before making a Outsourcing project starts.

Investing in Slovakia as an outsourcer

Zeitarbeit International has over 20 years of experience in the Outsourcing. We are competent partners for companies that need skilled labour in other countries such as Slovakia.

We have also worked with the Slovak government in a partnership to offer you only the best outsourcing experience in Slovakia. Find out more here.

If you need labour for Outsourcing to Slovakia contact us for competent and efficient support. Zeitarbeit International is looking forward to welcoming you to a targeted Outsourcing partnership to welcome you.

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