Unlimited company

Spoločnosť s ručením obmedzeným, abbreviated sro (or s ro ) is the Slovak name of the legal form of a limited liability company in Slovakia, ( German limited liability company ).

Establishing an s.r.o. assumes a minimum share capital of EUR 5,000. In founding the company has a " Statement of the Deposit Manager " (usually the CEO ) is sufficient that the basic deposit is paid on the day of establishment in the treasury of the company.

If several persons are registered as shareholders ( up to 50), a minimum deposit of EUR 750 is required each shareholder. In order to incorporate this proven equity, are the shareholders five years after the founding available.

Contributions in kind are to be reported in the partnership agreement. It should be noted that the contribution in kind must be provided in the commercial register prior to the registration of the share capital after the amendment of the Slovak Commercial Code. Furthermore, it must also be determined the value of the contribution in the partnership agreement next to the name.

The Slovak s.r.o. immediately takes over with founding the full liability will be completed on their behalf for all legal transactions. The shareholders are liable up to the amount of their contributions.

Director or shareholder may have their main residence in any country in the world. There is no obligation to take up residence in Slovakia.

The company itself must be registered with its headquarters in Slovakia and have actual premises with appropriate office infrastructure. Furthermore, the retention of financial and business records is prescribed. Double-entry bookkeeping is mandatory.