New legal form of a business company to support startups and investors

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. 

Act No. 513/1991 Code as of 01/ 01/ 2017