The Slovenian joint stock company “Delnika Druba” was established with a larger investment (EUR 25,000) divided into units. A joint stock corporation’s operations may be attested to by an executive council, management panels, and auditing bodies.
These administration models are referred to as one-tier and two-tier, accordingly. The executive panel or the supervising panel must be chosen at the annual general gathering of stakeholders. The members’ investments last for six years. A monitoring board representative is not permitted to serve on the governing council. The following are a few of the Slovenian joint stock company’s most crucial traits:
- It is established under the Corporations Act’s guidelines;
- The constitution of the organization serves as its primary statutory text;
- This kind of business is permitted to engage in merger processes or change its legal structure;
- The firm can be established and formed in Slovenia without the involvement of the shareholders;
- This business must register with the AJPES.
A corporation is declared inactive if its statutory term has passed, the executive board hasn’t resolved in more than a year, and there is insolvency or a decrease in ordinary shares.
Shareholders and share capital
When a company is incorporated, it must have at least one stakeholder. Slovenia has no citizenship requirements for business registration.
The initial share capital is EUR 25,000.00 and may be contributed in cash or through other means. Units that are purchased for cash must make up one-third of the total share structure. Before filing the registration request, at least 25% of the minimum issuance value of each share must be paid if the contributions are made in cash. The corporate bank account is used to receive revenue funds, and the bank provides proof of the payment amount.
Requirements
There are many formalities to comply with after choosing the type of company one plans to create in Slovenia. Among the common ones are:
- Choosing a trading name,
- Opening a bank account,
- Obtaining a Tax ID,
- Registration for employment purposes,
- Obtaining licenses, and
- Having a Slovenian legal address.
Choosing a name for your JSC firm is the first step in the registration process. The name must be unique and registered with the appropriate organizations. The proprietors were permitted to use their names in the titles of the business. If you don’t intend to register the name right away, after paying the fees, you can also reserve it with the authorities.
Then, Slovenian addresses are required for all domestic enterprises. Although they can carry out their duties anywhere in the nation or even abroad, they must have a headquarters in a region where the firm is registered.
Local businesses are required to open a local business bank account. It will be utilized for various activities after the share amount had s been deposited in it. The bank also required various documents and proofs to establish a corporate bank account.
Documents required
One of the most crucial factors to take into account when deciding to start a business in Slovenia is the papers related to registration.
The JSC registration demands a request form that must be properly filled out and submitted. The following documents are also necessary along with the request form for registration:
- Details of the shareholders,
- Details of directors;
- Bank statements;
- Proof of share capital submission;
- Business permits; and
- Registration process fee invoice.
Timeframe
From the time the notary submits the request to the appropriate court, the timetable varies, but it often takes up to fourteen days for the court to announce the ruling.
Costs
The biggest expenses are the legal, notarial, and translation expenditures. Additionally, according to Slovenian law, D.D. must have a minimum share capital of EUR 25,000.00 to be incorporated.
