Law to make it harder to start a firm in Slovakia

While businesses in Slovakia are calling on the government to make doing business in Slovakia easier and less bureaucratic, they see the latest planned change as going in the opposite direction. The Justice Ministry has drafted a revision to the Commercial Code, which when made into the law, will oblige founders of limited liability companies to deposit 5000 euro with a bank. At present, companies have only to declare that they have deposited this sum.

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(Photo: Darren Shaw/