New legal form of a business company to support startups and investors
Thursday, 08. December 2016
As of the 1st of January 2017 the amendment to the Slovak Commercial Code will come into the force, it introduces a new type of legal unit - simple joint-stock company (j.s.a.). It is a unique form of entrepreneurship/business existing only in a few countries in the world.
Simple joint-stock company has been exclusively introduced to simplify a process of starting a business, especially dedicated to start-ups and small and medium-sized enterprises but all also for the other enterprises in Slovakia. The most significant advantage of j.s.a. is that it requires only 1€ minimum capital investment, has a simple structure of the organisation and easier entry to the company.
The main goal of this brand new institute is to support start-ups and enable them to start their own business and also attract new investors and motivate them to do business in Slovakia.
