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Setting up a joint-stock company – key benefits
Doing business through a joint-stock company (a.s.) carries greater prestige. Its advantages include:
- neither the shareholders nor the members of the board of directors are liable for the company’s debts or insolvency with their personal assets,
- it can be founded by a single legal entity,
- a joint-stock company is generally regarded as a more trustworthy and reliable form of company than an s.r.o.,
- setting up an a.s. is usually quick (often 9 – 14 working days),
- there is no minimum contribution per shareholder (for an s.r.o. it is 750,- €).
The a.s. – further features:
- a joint-stock company allows shareholders to remain anonymous,
- a joint-stock company pays income tax on its profits, i.e. tax is levied on the profits it makes (unlike a v.o.s.),
- both individuals and legal entities may be shareholders,
- a joint-stock company must have a supervisory board of at least three members,
- the minimum share capital of a joint-stock company is 25.000 €, and we can help you arrange it so that you do not have to pay it in cash.
Our joint-stock company formation service includes:
- once payment is received, an initial consultation in person or by telephone covering every step involved in setting up the company. Our specialists will answer any questions you have, point out possible alternatives and help you choose the most cost-effective and time-efficient solution,
- preparation of all the documents you need,
- full handling of the trade licences,
- drafting and filing the application for entry in the Slovak Commercial Register,
- payment of ALL court and administrative fees, so after a single payment there are no further costs,
- guidance on paying notarial fees,
Would you like to know more about joint-stock companies?
The founders of a joint-stock company sell shares, raising capital from a large number of people – the shareholders. Important company matters are decided by vote at the general meeting, where each shareholder’s vote carries weight in proportion to the number of shares they hold. The company’s activities are overseen by a supervisory board. A joint-stock company is liable for its obligations with all of its assets, whereas its shareholders are not liable for the company’s obligations. The company’s business name must include the designation akciová spoločnosť or the abbreviation akc. spol. or a. s. A joint-stock company (known in Slovakia from 1875 to 30. 4. 1990 as an účastinná spoločnosť) is a type of company whose share capital (min. 25 000 euros) is divided into a set number of shares (called účastiny until 1990), which are owned by individual shareholders (officially účastinári until 1990).
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