Business guide

Organizational forms

The law on companies provides for the following organizational forms:

  • Unlimited liability partnership (Družba z neomejeno odgovornostjo – d.n.o)
  • Commandite partnership (Komanditna Družba – k.d.)
  • Limited liability company (Družba z omejeno odgovornostjo – d.o.o)
  • Open joint-stock company (Delniška Družba – d.d.)
  • Partnership with limited liability (Komanditna delniška Družba – k.d.d.)
  • European public company (Evropska delniška Družba/Societas Еуропеа – s.e.)

The majority of companies in Slovenia are limited liability companies or open joint-stock companies, and partnerships are not very frequent. Private individuals can conduct business as individual entrepreneurs (samostojni podjetnik – s.p.). Most commonly, foreign companies that establish entrepreneurship subjects in Slovenia select a limited liability company.

Limited liability company:

A limited liability company (družba z omejeno odgovornostjo – d.o.o.) is a company with capital consisting of shares contributed by participants. Ownership shares are not considered securities.

A limited liability company is liable to the full extent of its assets, while participants carry no liability.

A limited liability company is a legal entity.

The company name must include d.o.o.

Company sizes

The Law on Companies defines the following types of companies, each of which has its own specific accounting and auditing nuances:

 

  • a micro company,
  • a small company,
  • a medium company,
  • a large company.

Founders

Companies with any organizational form can be registered by any Slovenian or foreign citizen, either an individual or a legal entity.

Legal entity status

Companies with any organizational forms except for passive partnerships are legal entities. They obtain this status as soon as they are registered.

Official company name

The official name of a company (“firm”) is the name under which it operates. The official name includes the name of the company, a description of its basic activities and an abbreviation of its organizational form.

The official name of a company must include Slovenian words and Slovenian letters (unlike the English alphabet, Slovenian does not include “Q,” “W,” “X” and “Y”) or made-up words/words of the so-called “dead languages” (for example, Latin). 

Any translations of the name into other languages shall be used only in conjunction with the Slovenian name. Foreign words can be used in the name only if they are the founders’ names or registered trademarks. The word “Slovenia” can only be used with the permission of state authorities.

The official name of a company can be included in the register beforehand up to 1 year before registration. If after that a company with such a name has not been registered within 1 year, the official name is deleted from the register.

The official name can only be transfered to third parties together with the company itself.

Legal address

The legal address of a company is the address by which it is registered in the court register. It can be the place where the company conducts its business, or the majority of its work takes place. 

Economic activity

A company can only conduct activities matching the types it registered in the court register. A standard table of Economic Activity Types is used for this purpose.

Official company representatives

A company must have at least one official representative – a director or procurist – to represent the company and sign documents.

Leaders

The requirements that a company’s director and the majority of its Board members have to be Slovenian citizens was abolished in 1999.

Unlimited liability company (Družba z neomejeno odgovornostjo – d.n.o.)

An unlimited liability company is a company of two or more partners that is liable to the full extent of its assets. This liability cannot be reduced by additional agreements.

The liability is unlimited, although it is applied when demands are made of the company.

A company is a legal entity.

The name of a company must include the name of at least one of its participants, and the d.n.o. abbreviation.

Founders

Not less than two individuals – either Slovenians or foreign citizens – who have signed a Deed of Association, can be the founders of an unlimited liability company.

Relations between partners

Legal relations between the participants are regulated by the Deed of Association. The company is managed by all the partners except for cases when the Deed of Association provides for something different.

A participant cannot freely sell their share without the approval of other participants.

Liquidation

An unlimited liability company ceases to exist after the time for which it was established comes to an end, upon the decision of the participants, as a result of bankruptcy, the death of a participant, or upon a court decision.

An unlimited liability company cannot have less than two participants. If the number of participants falls below this number, the remaining partner is given one year to either meet the required number of participants or continue operations as an individual entrepreneur (s.p.).

Registration of individual entrepreneur

According to the new Law on Employment, Self-Employment, and Employment of Foreign Citizens, after one year of actual residence in Slovenia, any foreign citizen can be registered as an individual entrepreneur.

The registration of an individual entrepreneur (s.p. – samostojni podjetnik) is similar to the registration of a limited liability company, but even simpler, as you don’t need any preliminary agreements with the bank or any deposited registered capital. But you still have to pick a name and obtain permission to maintain a legal address. In addition, it is extremely important to choose the type of s.p. taxation.

As the Slovenian state stimulates individual enterprise development, in the first two years of your first s.p. you can benefit from some serious tax benefits.

We strongly recommend that anyone who plans to create an s.p. get a preliminary tax consultation, as, firstly, unlike d.o.o., individual entrepreneurs have to pay taxes and social liabilities on a monthly basis regardless of actual income; secondly, as part of the regular form of taxation, the income tax rate for s.p. depends on the revenue level and is progressive, which is not entirely advantageous.

If you’re considering to register an s.p. (regardless of whether you already have a company in Slovenia or not), we will be happy to answer all your questions, explain the nuances of this business form, and also register your s.p. at the VEM point in our office.

List of regulators

The main state organizations you have to deal with when doing business in Slovenia:

The Statistics Agency: Agencija Republike Slovenije za javnopravne evidence in storitve www.ajpes.si

The Tax and Customs Service: Finančna uprava republike Slovenija http://www.fu.gov.si/

The Central Bank of Slovenia Banka Slovenije http://www.bsi.si/

Administrative Local Agency Upravna enota:

Labor Inspection Inšpektorat republike Slovenije za delo http://www.id.gov.si/

We can provide information on any state authorities you need, as well as assist with translations and communication.

What are Durs and Furs?

On August 1, 2015, DURS – DAVČNA UPRAVA REPUBLIKE SLOVENIJE (the Tax Administration of the Republic of Slovenia) was renamed to FURS, or FINANČNA UPRAVA REPUBLIKE SLOVENIJE (the Financial Administration of the Republic of Slovenia).

From that time, the Customs Administration of the Republic of Slovenia has been operating within the bounds of FURS. 

The key tasks of FURS are to reward the voluntary performance of duties and ensure a high level of service for clients (individuals and companies) to increase the level of Slovenian tax culture.

Its priorities are as follows: discovering and preventing tax evasion, customs and excise violations, cash flow monitoring, and the prevention of smuggling and illegal freight turnover.

The list of standard FURS tasks includes the specification and calculation of compulsory taxes; customs procedures; fiscal control; fiscal investigations; control of the organization of gambling activities; control of EU import and export registration; control of the import, export and transit of products in accordance with customs requirements and laws ensuring the safety and health of the population, animals and plants, the environment, cultural heritage, intellectual property, etc.

Taxes in Slovenia

VAT

In Slovenia, the value-added tax is regulated by the law on VAT, and fully complies with the EU VAT Directive.

VAT is charged on all deliveries of goods and services made by a taxable person as part of their business activities in Slovenia, including the shipments of new vehicles and other products.

If the seller and buyer are in Slovenia, the seller charges VAT on product and service deliveries, and covers its cost.

If the seller and buyer are located in different EU countries, the seller calculates and pays VAT upon the purchase of goods.

Dividend tax

Capital yield (percents, dividends and capital growth) and rental yield are taxed at the following rates:

  • yield – 25%;
  • dividends – 25%;
  • capital growth – 25% for a holding period of up to 5 years, 15% for a holding period of up to 10 years, 10% for a holding period from 10 to 15 years, 5% for a holding period from 15 to 20 years, and exempt from taxes if the holding period is 20 years and more;
  • rental yield – 25%.

Profit tax

Profit tax is regulated by the Profit Tax Law (ZDDPO-2).

Taxpayers and their tax liability volume

A taxable person (taxpayer) is a:

  • legal entity in accordance with the national legislation;
  • legal entity in accordance with foreign law;
  • group of people in accordance with the national legislation not organized as a legal entity that is a non-taxable person according to profit tax law.

A resident (with a registered office or place of management in Slovenia) is a person whose profits are taxable both within and outside the bounds of the Republic of Slovenia (taxable profits all around the world).

A taxable person who is not a resident of Slovenia (their registered office or place of management is not in Slovenia), is to pay taxes on all revenues where the source is in the Republic of Slovenia, i.e. revenues earned as part of the operations of business units or subdivisions in the Republic of Slovenia, and other revenues earned in the Republic of Slovenia. A business unit is the workplace of a non-resident where (or through which) they conduct their business, or a part of it. A business unit can be an office, branch, factory, workshop, mine, open-pit or construction site, assembly facility or any other analogous project that has been operating for over 12 months.

Tax privileges

Such tax subjects as institutes, associations, funds, religious communities, political parties, or house or trade unions established in accordance with a special law on non-commercial activity, do not have to pay taxes if they truly fulfill their operations in compliance with their initial goals. If some part of their operations is aimed at earning profit, then this part is taxed.

Taxation rate

In 2017, the general corporate rate tax is 19%. A special 0% tax rate is applied for investment funds, pension funds, and venture companies if they meet the conditions stipulated by law.

Tax base

The tax base for profits is profit (the prevalence of profits over recognized losses in an annual profit and loss statement).

Recognized losses are losses needed to earn revenue (expenditures on goods and services, wage payments, etc.).

Partially recognized losses (amounting up to 50%) are representational expenses and supervising council expenditures. Representational expenses include hospitality expenditures and gifts to business partners.

Unrecognized losses are expenditures similar to dividends, including deemed profit distribution, expenses for covering losses in previous years, payments of fines, bribes, personal expenses, donations, and VAT in the event a taxpayer has not used the right for its rebate, certain types of percentages, etc.

A tax base can be reduced based on the following expenses:

  • Depreciation (an even depreciation method is allowed)
  • Depreciation-related expenditures
  • Refunds for the following expenditures are fully recognized: annual leave, bonuses for prolonged service, retirement benefits, solidarity support; refunds of job-related expenses (such as meals during work hours and transport expenditures), industry payments, payments for separate living expenses and the refund of business trip related expenses (travel allowance, refund of transport and accommodation expenses).
  • Reserves formed by banks, stock exchange companies and insurance organizations can be subtracted from the tax basis to the sum set according to each respective regulation for banks, stock exchange companies and insurance organizations.
  • Losses can be put off for an indefinite period of time, yet tax base reduction at the expense of past years’ tax losses is limited to 50% of the tax base of the tax period.

Tax privileges

Tax privileges for investments in research and development

A taxable person can use a lower tax basis amounting to 100% of the sum (but only up to the size of the taxable basis) invested in research and development. Investments mentioned in this sections are investments in:

  • internal research and design from the taxable person, including the purchase of R&D and experimental equipment, which is used constantly and exclusively for the research and experimental design work of the taxable person;
  • purchase of R&D and experimental services (provided by third parties, including associated enterprises or other public or private research organizations).

Tax privileges for investments

A taxable person can use a lower tax basis amounting to 40% of the sum invested in equipment and non-material assets (including financial lease excluding goodwill and property rights), limited to the size of the taxation basis.

Equipment does not include furniture, office equipment or cars, except for computer equipment, electric or hybrid passenger vehicles and buses and trucks that meet EURO VI.

Employment tax privileges

Employing someone aged under 26 or over 55 who had been registered in an employment agency for at least 6 months and had not been employed by the same employer within the past 24 months; the taxable person has the right for a tax basis reduction amounting to 45% of the employee’s wage and limited to the size of their tax base.

Disability tax privileges

A taxable person who employs a physically challenged person can use a tax base amounting to 50% of the employee’s income (yet limited to the tax base’s total sum). In the event of a 100% disabled individual or deaf person, the tax basis’ reduction amounts to 70% of the employee’s income (yet is limited to the tax base’s total sum).

Tax privileges for professional training

A taxable person who employs an intern for practical work as part of their professional education has the right to reduce the tax basis by the sum of the intern’s wage, but only to 20% of the minimum wage in Slovenia per each month of internship.

Tax privileges for voluntary additional pension insurance

An employer who finances a pool insurance pension plan can use a tax basis reduction for additional pension insurance that is paid to the pension plan’s administrator located in Slovenia or other EU country for employees. A pension plan must be approved and registered in the special register in accordance with the regulations for voluntary additional pension charges and disability insurance. Tax privileges are used for the year when the sum of the paid insurance fees amounted to not more than 24% of compulsory pension, and disability insurance contributions for employees/insured individuals total at most EUR 2,819.09 a year, or the total sum of the tax base for the tax period.

Tax privileges for donations

A taxable person can reduce the tax basis for donations for charity, humanitarian, scientific, educational, sport, cultural, environmental and religious needs, for the health/support of the disabled, as well as social support in accordance with special rules for conducting these types of activities, and in the event such payments were sent to the residents of Slovenia, the EU or EEA (except for business units not in the EU, or located in Lichtenstein).

An exception is made for only 0.3% of the taxable income for the taxation period of a taxable person, yet is limited to the tax base’s total sum for the tax period.

A taxable person can exercise their right for an additional tax basis reduction by 0.2% of the taxable income for a tax period based on donations for cultural needs or volunteer groups that ensure protection from natural disasters.

Tax privileges shall not exceed 0.5% of taxable profit.

Prevention of the double taxation of income earned by residents of countries other than Slovenia

A taxable person can exercise their rights for legal limitations and subtract the amount of foreign taxes on income earned outside of Slovenia (foreign income) included in their tax basis from their tax obligations (using a tax credit method).

A tax credit shall not exceed the lesser of the following sums:

  • the amount of foreign income tax that is final and actually paid;
  • the sum of a foreign income tax that would have to be paid if the credit was possible.

If Slovenia made a double taxation agreement with a third country, the foreign tax sum calculated at the rate stipulated in the double taxation tax is considered a final foreign income tax.

The asset transfer, share exchange, merger and demerger tax in the EU

In the EU, the transfer of assets, exchange of shares, mergers and demergers between companies that are residents of Slovenia or other EU countries (also European open companies – SE) are covered by the following profit tax privileges:

  • upon the transfer of assets (transactions where the transferring company, without being liquidated, transfers one or more of its activities to another company (the buying company), or a completely new company in exchange for receiving or transferring stocks representing the recipient’s capital), the transaction is considered tax-neutral (tax deferred) upon the conditions stipulated by law;
  • upon the exchange of capital shares (transactions where an acquiring company receives the stocks of an acquired company in exchange for its stocks, thus purchasing at the very minimum the majority of rights in the acquired company), the stockholder of the acquired company is exempt from taxes on profits and losses as a result of the shares exchanged if they do not receive monetary payments;
  • upon the merger or demerger of a company (for example, the change of status of a group of companies in order to create a new company or divide the existing companies into several new companies according to the Law on Companies), the transaction is considered tax-neutral (tax deferred) upon the conditions stipulated by law.

Taxation of individual entrepreneurs

The taxation of individual entrepreneurs in Slovenia is regulated by the Income Tax Law (ZDoh-2).

What is the object of taxation?

The object of taxation is an income earned by an individual entrepreneur. Earned income is income obtained through doing business, agriculture, the timber industry, professional or any other independent activities. Agricultural and timber industry incomes have specific taxation nuances.

The definition of business income is based on the fact that business activities are carried out on a permanent basis (there are no occasional business activities), independently or autonomously (an individual who performs activities for their own benefit, under their responsibilities, with their activities guaranteed by all of their assets).

The income tax base is the difference between profits and losses obtained during business activities.

How is the tax base defined?

For taxpayers who define the tax basis with consideration of actual revenues and expenditures, the tax basis is their profit defined in the following way: expenditures for taxation needs are subtracted from the taxable profit obtained within the calendar year.

In addition to the Income Tax Law, the Profit Tax Law (ZDDPO-2) is used to define the taxable revenues and expenditures of individual entrepreneurs.

If this type of tax base calculation is selected, the individual entrepreneur must submit the calculation of advanced payments to the tax service before March 31.

There is the option to define the tax basis using standardized expenditures. This variant can be chosen on the condition that the individual entrepreneur’s income for one tax year did not exceed EUR 100,000. If an individual entrepreneur is just starting their business, the income size is not considered in the determination of the form of taxation.

An individual entrepreneur who defines their expenditures with a standardized method does not have to maintain accounting books or submit reports.

The taxation rate for an individual entrepreneur depends on the manner the expenditures are defined: standardized, or based on actual circumstances.

If the tax basis is defined with consideration for actual expenses, business revenues are included in the annual tax basis of the resident. The cumulative annual tax basis of an individual is then taxed according to a progressive tax scale that has been followed since 01.01.2016:

 

Tax bracket Taxable income in EUR Tax rate
1 up to 8.021,34 16%
2 from 8.021,34 to 20.400,00 27%
3 from 20.400,00 to 70.907,20 41%
4 from 70.907,20 50%

Taxation with standardized expenditures

If the tax basis is defined considering standardized expenses, business revenues are not included in the annual tax base of a resident. A fixed income amounting to 80% of the general income is taken into account. The remaining 20% is the tax base. The tax rate of 20% of the tax basis.

Example: EUR 10,000 of income; 80% of standardized expenses = EUR 8,000; 20% tax basis = EUR 2,000; a 20% tax is paid on the tax basis = EUR 400.

Apart from taxation, individual entrepreneurs must also take into account payments to social funds.

Invoicing and payment

According to Slovenian legislative requirements, a tax payer must issue an invoice for every service or product sold.

The invoice should be issued in at least two copies: one is for the seller, and the other for the buyer.

The following data are required to be indicated in invoices issued to another company:

  • place and date of issuance
  • a serial number that helps identify the invoice
  • name, address, registration number, tax number and VAT ID (if available) of the seller/contractor
  • the amount and type of products and services
  • the date of product selling/services rendered or the prepayment date
  • the full price of an item without VAT and discounts
  • the tax base for VAT breakdown per each rate
  • the VAT rate and sum
  • note, if VAT is not charged

For example, if your company is not registered as a VAT payer, you must include the following information on the invoice: DDV ni obračunan na podlagi 1. odstavka 94. člena ZDDV-1 (nismo zavezanci za DDV) ali DDV ni obračunan na podlagi Zakona o davku na dodano vrednost (nismo zavezanci za DDV).

Required invoice data if issued to a private individual:

  • date of issuance
  • a serial number that helps identify the invoice
  • name, address, registration number, tax number and VAT ID (if available) of the seller/contractor
  • selling price of a product/service with VAT, and the VAT cost included separately

Electronic signature certificate

An electronic signature certificate, for example, SI-GENCA, is an indispensable tool for controlling your company’s operations and remote paperwork for the company. Thanks to an electronic signature, Slovenian legal entities and entrepreneurs gain access to electronic service portals, including the eDavki Tax Service, where you can handle tax reporting on your own and also monitor your accountant’s work.

With the help of an electronic signature, it’s also quite convenient to interact with other services, for example, prolonging your social insurance, submitting new employee data, registering cars, etc.

If you are interested in having complete control over your company and/or are willing to settle certain bureaucratic issues of doing business in Slovenia online and on your own, we will be happy to consult with you on how to issue and use electronic signature certificates. One consultation costs EUR 100.

Accounting

Accounting and auditing are regulated by the Law on Companies, the Law on Accounting, the Law on Auditing and Accounting Standards of Slovenia (or IFRS adopted in the EU) according to the EC 76/660/EEC and 83/349/EEC directives and IFRS as stipulated in 1606/2002/EC and 1725/2003/EC directives.

The size of a company

The size of a company for accounting, auditing and information disclosure is defined in the following way:

micro-company (two of the following conditions must be met):

  • less than 10 employees;
  • annual yield of less than EUR 2,000,000;
  • asset value is less than EUR 2,000,000.
  • small company (two of the following conditions must be met):
  • up to 50 employees;
  • annual yield of less than EUR 8,800,000;
  • asset value is less than EUR 4,400,000.
  • medium company (two of the following conditions must be met):
  • up to 250 employees;
  • annual yield of less than EUR 35 million;
  • asset value is less than EUR 17,500,000.
  • large company (two of the following conditions must be met):
  • over 250 employees;
  • annual yield of more than EUR 35 million;
  • asset value is more than EUR 17,500,000.

Banks, insurance companies and associated companies (branches, subsidiaries, trusts, etc.) are considered large companies.

Accounting

Companies and entrepreneurs are obligated to main business records and close them on an annual basis.

Business records are maintained on a double accounting basis (small entrepreneurs can use single accounting).

An annual accounting statement should be based on the closed business record for each fiscal year (which may be different from a calendar year) and contain:

  • the accounting balance;
  • profit and loss statement.

These two statements together contain actual information on the assets and obligations of the company or entrepreneur, financial status, and results of operations.

The accounting statement must be made within three months after the end of the fiscal year (a consolidated report should be made within four months).

Checks should be carried out not less than once a year to compare certain elements of assets and obligations in business records with the most current circumstances.

Business records, accounting balances, profit and loss statements, annual and business reports must be stored indefinitely, while accounting records may be stored only for a certain period of time.

Annual reports

Annual reports of companies not quoted on the stock exchange must contain at least the following:

  • balance (assets and liabilities from asset sources for the most recent year);
  • information on profit and losses (revenues, losses and business results for one year);
  • attachments explaining the statements and additional statements according to the law (the accounting methods used, data on the dependent companies, data on the capital share of separate stock categories, average number of employees, etc.).

Annual reports of entrepreneurs and companies must contain at least a balance and profit and loss statement. They should be clear and transparent, contain an authentic and honest representation of the assets and liabilities of the company, its financial state and business results.

Wage: taxes and social contributions

Wages are a monetary award to an official employee for their work. Wages must be distributed as money.

Basic wage

  • the fixed part of the award stipulated in the labor agreement;
  • bonuses for successful work:
    • a variable component of the award that must be stipulated in the collective or labor agreement;
    • additional payments for special working conditions;
    • additional payments for night shifts, overtime, weekends, etc.;
    • additional payments for the length of service (stipulated in the collective agreement and in most cases amounts to 0.5% for each year of service);
  • work-related expenses are reimbursed separately and are not included in wages.

Accordingly, they are not included in the taxable sum and contributions in the amounts according to the tax service. As provided by the legislation of Slovenia, an employer must reimburse the following expenses of employees:

  • meals at work
  • transportation to work and back
  • expenses that an employee bears as part of their job and on business trips

Minimum sums are stipulated in collective agreements.

Vacation allowance (regres)

Every employee who has the right to an annual paid vacation should be paid by a regres amounting to at least the minimum wage.

A regres is paid once a year not later than July 1.

Minimum wage

At least minimum wage must be paid to full-time employees. As of January 2016, the minimum wage is EUR 790.73.

1) Initial wage

The minimum wage that an employee can receive considering their education; stipulated in the collective agreements.

2) Net wage

The wage sum that is transferred to the employee’s bank account without the reimbursement of expenses.

3) Gross wage

The wage stipulated in the labor agreement.

Total sum spent by the company on an employee

includes gross wage plus contributions paid by the employer (16.10%) and the reimbursement of expenses.

A wage calculation example:

Rate, % Minimum wage in EUR, for a tax resident Blue Card payment in EUR, for a tax resident
Gross wage 790.73 2,333.84
Tax and social contributions base 790.73 2,333.84
Employee contributions to pension insurance and accident insurance 15.50 122.56 361.75
Employee contributions to healthcare 6.36 50.29 148.43
Employee employment contributions 0.14 1.11 3.27
Employee contributions to the maternity fund 0.1 0.79 2.33
TOTAL employee social contributions 22.10 174.75 858.81
Standard tax rebate 543.32* 275.23
Dependency allowance 0 0
Income tax base 72.66 1,542.83
Advance income tax payment 11.62
Net wage 604.36 1,475.03
Employer contributions to pension insurance and accident insurance 8.85% 69.98 206.54
Employer compulsory health insurance contribution 6.56% 51.87 153.10
Employer employment contribution 0.06% 0.47 1.40
Employer accident contributions 0.53% 4.19 12.37
Employer contributions to the maternity fund 0.10% 0.79 2.33
TOTAL employer social contributions 16.10% 127.31 375.74
Total expenses of the company 918.04 2,709.58

* increased standard rebate

Licensing

In Slovenia, there are certain types of activities that require specific licensing. The full list of activities that either need to be licensed or meet a number of special requirements, contains 130 items.

The most notable among them are the following:

  • production and processing of seeds and plants
  • hunting
  • forestry and other forestry-based activities
  • commercial fishing, sea farming, freshwater fishing
  • extraction of mineral resources
  • animal-based products manufacturing
  • winemaking
  • chemical products and biocide manufacturing
  • production of cosmetics
  • pharmaceutical production and distribution
  • medical instrument production and distribution
  • maintenance of fire extinguishers
  • energy activity
  • passenger and freight transportation, expediting
  • transportation of animals
  • postal services, courier services
  • hotels, vacation properties
  • room rental
  • food service industry (restaurants, cafes, etc.)
  • trusts, funds, and similar financial organizations, stock trading agents
  • consumer lending
  • estate agencies
  • managing real estate for rewards or on a contract basis
  • audit
  • job safety analysis
  • architectural design
  • aerial photography for cartographical publications
  • private veterinary business
  • HR agency
  • tour operators
  • tourist guides and companions
  • sport coaching, sport clubs, etc.

In accordance with the law, it is authorized to include these types of activities in the list of the company’s activities stipulated in its Statute. But in the event no licenses are held, you are not allowed to provide the services or advertise them.

Our specialists are always ready to consult with you on the selected types of activities, whether they need to meet special requirements or employees have to obtain personal licenses, etc. If licenses or other special requirements are needed, we will help you fulfill all the procedures, meet the regulators’ requirements and successfully launch your business.

Certification

Certification or obtaining the European Quality Certificate (CE) officially confirms that during production, all key requirements for the safety of people, animals, environment and property were met.

Certification is obligatory for 24 types of products:

  • toys,
  • products for children,
  • medical tools and equipment,
  • products for construction,
  • mechanisms and machinery,
  • lifting devices and elevators, etc.

Marking, packing or storage (usage) conditions, etc. can be covered by additional requirements.

 

EU Subsidies

Access to financing is important to launch and expand businesses. The EU provides financing for small companies in various forms, such as grants, credits and sometimes guarantees. In addition, the EU also finances concrete projects. EU financing can be divided into two categories:

  • direct financing through subsidies;
  • indirect financing through national and local mediators.

Financial support is provided to up to 200,000 companies every year.

Financial support is provided to new companies (startups), entrepreneurs and companies of any size in all industries.

The new EU budget was adopted from 2014 to 2020. Non-returnable subsidies are provided for the development of key spheres for the EU: research and innovations, transport, energy, employment of young people and the increase of EU country competitiveness, etc.

Business lending

Key banks in Slovenia:

UniCredit Bank https://www.unicreditbank.si/si/pi.html

The majority of growing companies at a certain stage of development face the need for bank financing. Most often, this is connected with a need for rapid growth and market development to stay ahead of competitors or adapt to market changes.

The main criteria used by banks to estimate the credit solvency of borrowers are nearly the same across the board and don’t depend on size. Conventionally, estimated data can be divided into quantitative (financial) and qualitative (the state of the company and project’s ability to generate income).

Example: a micro company with three employees. Provides services and has a small production base: graphic design, prepress and printing on various materials. The company needs a bank loan of EUR 40,000 to buy additional printing equipment. In order to persuade a bank representative that the company has a positive future, a business plan was presented to show the meaning of the new equipment for the company’s development. The business plan also contained information on the industry and competitors, forecasts and other useful information.

Financial data analyzed by the bank:

  • Its own participation
  • Money flow forecast
  • Credit support
  • Feasibility of the project
  • Borrower’s capital adequacy ratio
  • Income and expenses forecast
  • Accounts and notes receivable

Qualitative indicators

  • Management structure of the company
  • Credit history
  • Diversification rate of the company’s business, its clients and suppliers
  • Other notes to the accounting statements

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