IN SHORT

New conditions for company registration

AS OF JANUARY next year, companies may no longer be able to register their headquarters at the address of a property they do not own or that they have no right to use, according to a draft revision of the Commercial Code drawn up by the Justice Ministry.

According to the ministry, companies often register their headquarters at addresses owned by other entities, such as lawyers or shell firms designed to conceal their operations, sometimes even without the knowledge of the owner of the property.

The revision says that corporate entities or private individuals must own the real estate where their firm resides, or have the right to use the real estate or part of it as based on legal contracts.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia to spend three Advent weekends with testing. President wants it to be voluntary

Seven candidates for the general prosecutor post approved. Acting general prosecutor steps down.

Installation of Christmas tree in Trnava

Who was behind the sale of one of the biggest banks in Slovakia

The largest law firms were involved in several innovative projects, too.

UK nationals in Slovakia advised to take action as end of transition period nears

UK Nationals should check the British Embassy's "Living in Guide" for the most up-to-date information.

Illustrative stock photo

Three rounds of testing should take place before Christmas

The first round will be nationwide and should take place in two weeks.