The limited liability company (D.O.O.) is the most often established legal form not just in Slovenia but also in other European nations since it offers its owners favorable terms. International investors are not subject to any additional laws because they can form a legal body under the same legislation that applies to local businesspeople. There are unique steps that must be taken in this situation, though. All pertinent information about LLCs and the registration process are included in this article.
Limited Liability Company
One or more local or international legal and natural individuals may be the owners of a limited liability corporation (LLC). The debts of the organization are not the responsibility of the founders or shareholders.
The firm must have basic equity that is at least EUR 7,500 and accessible to the firm for business transactions as of the day of creation to be considered established.
Registration procedure
A straightforward D.O.O. can be created online using the Slovenian Commercial Centre website or in person at the registration office. The process is cost-free in both situations. Both a limited liability company with a single member and one with multiple members can go through the procedure of creating a simple D.O.O. The following prerequisites must be met to form both types of LLC:
- Required capital must be paid;
- MoA must be notarized; and
- A digital record of all business activities must be shown.
Irrespective of the method of incorporation, the entity is listed in the company’s registry within a few days of all establishment-related requirements being met.
Setting up a single-member LLC
A single member must adopt the rules of the organization to establish a one-member LLC. A natural person who is listed in the central demographic registry and meets the requirements can establish a D.O.O. The single-member LLC founder must have a digital certificate, follow the rules of the AOA, and must be the sole founder is the single manager of the enterprise.
The prospective corporate representative must be present in person during the registration phase. They must present a legitimate ID and an initial capital contribution of at least EUR 7,500.
Setting up a multi-member LLC
Multi-member LLC allows two or more two directors of the company. Only cash deposits are acceptable for capital contributions, and they must be provided in full before applying for entrance into the firm register.
Registration requirements
You must supply the following information before beginning the registration process:
Business name
The corporate name must stand out as distinct from those of competing businesses. Check the already registered or booked names in the AJPES registry.
Headquarters of the business
Before the firm is created, the corporate headquarters and mailing address must be specified. The concern’s operations are carried out in the head office. The corporate headquarters also houses the mailing address.
A representative of the company
A minimum of one corporate director must be appointed by all kinds of businesses. It is possible to appoint multiple governors and an independent pro curator too. The representative must be given the authority to act on the behalf of the firm directors.
Operations of the business
The firm must outline the specific kinds of activities it plans to engage in. The firm must specify its main activities. In case the company intends to change the primary activity of the company, it must submit the request again. The establishment is required to either secure licenses or guarantees that fully qualified personnel are handling activities.
Documents required
The following documents must be submitted after fulfilling all the above-mentioned conditions:
- Details of the owners;
- Name of the company;
- Location and contact details;
- Proof of capital submission;
- List of business activities; and
- Business permits obtained.
