News

Some foreigners have to register in the Commercial Register in order to do business

15. marec 2018

Third country nationals (non EU) must register themselves in the Slovak Commercial Register after obtaining the trade license and the temporary residence for the purpose of business. By law, the foreign entity shall be entitled to conduct business in the territory of the Slovak Republic starting from the date of registration of its enterprise or an organizational unit into the Commercial Register, to the extent of the scope of business recorded therein. Registration …

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Faster and cheaper debt recovery

21. september 2017

It has been a few months since a new way of recovering debts was introduced by the Act No. 307/2016 Coll. on Dunning Proceeding as amended. The dunning proceeding is an alternative to the standard payment order procedure and its typical feature is that the entire payment order procedure is carried out solely by the …

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Address change shall be reported to the Commercial Register within 30 days

3. júl 2017

If the shareholder or managing director of a limited liability company changes permanent address or another data entered in the commercial register, they must report this change to several institutions, such as a health insurance company, a social insurance company or a bank. Entrepreneurs often forget that this information needs to be updated in the commercial register too; otherwise …

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Obligatory activation of the electronic mailboxes is postponed to 1st July 2017

3. február 2017

Electronic mailbox serves for electronic communication between citizens and businesses, and public authorities as it mainly enables electronic delivery of official documents. Electronic mailboxes are established free of charge by the Government Office of the Slovak Republic and are available on the Central Public Administration Portal www.slovensko.sk. In line with the Act No. 305/2013 Coll. …

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Central register of executions is available to the public

30. september 2016

Since 1 July 2016, the Chamber of judicial officers of the Slovak Republic has made central register of executions available to the public in an electronic form, available on www.cre.sk. It is a public list containing obligatory data about uncompleted execution proceedings; i.e. it contains pending execution proceedings against debtors conducted by the judicial officers in the Slovak Republic. …

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Duties of the hotels related to accommodation of foreigners

20. júl 2016

The accommodation providers have several duties under the Act No. 404/2011 Coll. on Residence of Foreigners in connection with accommodation of foreigners. The accommodation provider is a legal entity or a natural person – entrepreneur who provides accommodation on the basis of a contract on accommodation. The accommodation provider is obliged to verify the identity …

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How to recover the debts

11. máj 2016

Many entrepreneurs get into a situation where their business partners do not pay the invoice for the goods delivered or services rendered. If the debtor fails to pay due invoices despite receiving a written payment reminder, the problem has to be addressed quickly and effectively. Although a general limitation period for judicial recovery of the claim is …

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Contractual penalty in the employment contract

12. apríl 2016

In practice, parties of the contract often agree on a contractual penalty which serves as a security institution. The objective is mainly to achieve that the obliged party shall properly fulfil the secured obligation under the threat of material damage. The contractual penalty is provided for in the Civil Code and the Commercial Code. A …

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