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Slovak version

Company dissolution

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Company dissolution in Slovakia
In parthership with law firm, we are offering various solutions for ceasing your business with company in Slovakia, depending on economic status of company.


  • professional services provided by a certified attorney-at-law
  • we arrange the whole process for you including all official fees
  • whole process can be done on-line without the need for a personal meeting

Company dissolution with liquidation

Debt-free company

This is the most natural and legally preferred procedure for the company dissolution in Slovakia. During the process of liquidation the company's capital is settled, all contractual relationships, administrative and judicial proceedings, are terminated. It is recommended to businesses who want to end their company's business in an impeccable manner and to have the entire process under their full control.

Price: from 400 € excluding VAT (including court and notary fees)
Duration: usually 6 – 9 months
Requirements: 
  • company accountant and director cooperation
  • deposit of 1500 € into the custody of notary (deposit will be returned by the notary after the company is removed from the business register)
Procedure:
  • competent body of the company decides on company dissolution and appoints liquidator
  • deposit of money into the custody of notary
  • court register the entry of the company into liquidation
  • the process of liquidation itself begins, notification and publication obligations are fulfilled
  • liquidation is completed, company is removed from business register
  • notary returns the deposit to the client

Only person with residency in Slovak republic can become a liquidator of a company. If you are not resident of Slovak republic we also offer an alternate way for you that our attorney-at-law will become liquidator for your company.This extra service costs 500 EUR excluding VAT.

The price of legal service for company dissolution with liquidation is determined individually according to the complexity of the liquidation process and on the basis of the company's current financial statements, the legal status of the company and the client's requirements.


from 400 €with VAT 480 €
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Company dissolution ex offo

Debt-free company Insolvent company

An alternative procedure for dissolution of a company in Slovak republic. This is considerable option especially for companies without any business assets. In case of insolvent company this option is only available if the company creditors are passive for the duration of the process.

Business has no control over the process of company dissolution and removal from business register, which may result in a long duration of the whole process.

In this process you also risk that the process may be converted into insolvency proceedings based on the company creditors proposal, if the company is insolvent and is not debt-free.



Price:
  • 250 € excluding VATincluding court fee – debt-free company
  • 450 € excluding VATincluding court fee – insolvent company
Duration: 6 months and up to 4 years
Requirements: 
  • none
Procedure:
  • identification of the reason for company dissolution
  • filing application for company dissolution
  • court proceeds the application and adoption of decision to dissolve the company, rozhodnutie súdu o zrušení spoločnosti
  • removal of the company from business register by the court decision

from 250 € with VAT 300 €
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Immediate Company Takeover
followed by company dissolution with liquidation

Debt-free company

A premium service for clients who wish immediate legal termination of their personal participation in the company. We will take over the company and remove the client from the business register. At the same time we will start the process of company liquidation.

It is recommended for entrepreneurs who want to close their company's business in an impeccable manner, but need to urgently remove their person from the business register.

Price: from 2400 € excluding VATincluding court and notary fees
Duration:
  • removal of shareholder and directors from business register within 10 working days
  • subsequent removal of company from business register within 9 months
Requirements: 
  • company accountant and director cooperation
Procedure:
  • company takeover and decision to enter into liquidation
  • appointment of attorney-at-law as liquidator
  • notary deposit for liquidation of the company
  • removal of shareholder and director from business register, registration of the company's entry into liquidation
  • process of company liquidation, notification and publication obligations are fulfilled
  • liquidation is completed, company is removed from business register

The price of legal services for immediate company takeover and its subsequent dissolution with liquidationis determined individually according to the complexity of the liquidation process and on the basis of the company's current financial statements, the legal status of the company and the client's requirements.

from 2400 € with VAT 2880 €
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Application for Company insolvency proceedings

Insolvent company

The legally preferred procedure forinsolvent company dissolution. There is a possibility of fine imposition on company directors and a decision to disqualify them from acting as a statutory officer in any other company in the event of a breach of their duty to file for insolvency proceedings in a timely manner. A court-appointed professional administrator analyses the company's accounts and contracts and seeks to maximise the satisfaction of creditors, including pursuing claims against persons in the company

In the process, the cooperation of the statutory persons is required and breaches of their duties are sanctioned by the court. The entrepreneur is not in control of the insolvencyproceedings and during the whole process he must cooperate with the court and fulfil the obligations of the statutory body of the company until the company is removed from the business register.

It is recommended for clients who have identified their company's insolvency early and acted with due diligence during their function as a statutory body.


Price:
  • • from 300 € excluding VAT for legal services for filing the application
  • 500 € advance payment for small insolvency proceedings
Duration: from 6 months
Requirements: 
  • cooperation of company accountant
  • cooperation with court administrator and fulfilment of statutory body obligations
Procedure:
  • analysis of the company's insolvency with regard to possible fines and damages
  • application for company insolvency proceedings
  • insolvency proceedings
  • insolvency proceedings closure, removal of company from business register

The price of legal services for filing application for company insolvency proceedings is determined individually according to the complexity of legal analysis of the company status with regards to a possible breach of the statutory body obligation to file a timely application for company insolvency proceedings.

from 300 € with VAT 360 €
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Debt-free company

Company that has no overdue liabilities to the third parties parties or public authorities.In case that such liabilities arise during the dissolution process (e.g. a fine from the tax authorities), the shareholders are prepared to pay the liabilities.

Insolvent company

Company has liabilities that are overdue to the third parties or public authorities and company shareholders are unwilling to finance the payment of such liabilities from different sources than from company assets.


Do you need advice or want to ask something?  We will call you.


FAQ for
company dissolution


If you have any further questions, contact us anytime.
How long does it take to dissolve a company in Slovakia?
Dissolution of a company lasts depending on the method of dissolution - the shortest in the case of dissolution of a debt-free company with liquidation (usually up to 9 months) and the longest in ex offo dissolution and insolvency proceedings (even several years), which are not under the control of the client and are dependent on the initiative of the court and the insolvency administrator.
Can you buy my company?
Our company does not buy companies from clients, nor does it broker the sale of companies between clients. We take over our clients companies only for the purpose of dissolution followed by liquidation. From our experience we know that the accounting and legal status of a company does not often correspond to the status declared by the company seller, which usually leads to significant dissatisfaction of the buyer. We can only truly guarantee the condition of companies established by us, because these have have never carried out any business activity and have been established only for the purpose of their sale to our clients.
For how long is it necessary to make a notary deposit for liquidation?
The advance payment is deposited at the beginning of the company dissolution process and the notary returns the deposit to the client after the company has been removed from the business register on the basis of the client's request with a confirmation of the company's removal from the business register.
Can you take care of company accounting during the process of liquidation if I do not have an accountant?
In case of client's interest, our company will provide bookkeeping and processing of accounting and tax statements during liquidation for an additional fee.
Who is the liquidator in case of company dissolution with liquidation?
Usually, the previous company's executive director or another person appointed by the client,who agrees to act as liquidator, is appointed as liquidator. If the client wishes our attorney-at-law to act as liquidator.This extra service costs 500 EUR excluding VAT.
Is the price for company dissolution final?
The price for the company dissolution is final as long as the legal and accounting status of the company corresponds to what the client declared at the beginning of the process. In the event that during the process it becomes apparent that the accounting or legal status of the company is different (e.g. a creditor declares a claim that is not recorded in the books), an additional service charge will be charged and its amount will be corresponding to the increased complexity of the liquidation due to the new circumstances.
Can foreign person be appointed as a company liquidator?
Only person with residency in Slovak republic can become a liquidator of a company. If you are not resident of Slovak republic we also offer an alternate way for you that our attorney-at-law will become liquidator for your company. This extra service costs 500 EUR excluding VAT.



Order of the company dissolution

    
Company ID:  *
Method of dissolution:
Company dissolution with liquidation
Company dissolution ex offo
Immediate Company Takeover
Application for Company insolvency proceedings
    Contact person
Name:  *
Surname:  *
E-mail:  *
Phone:    *
Note:


Information for the client: The order is non-binding. Legal services provides
DM LEGAL s. r. o., lawyer's office Račianska 1579/88B, 831 02 Bratislava, Slovak republic