We will proceed by incorporating a limited liability company ("d.o.o.") even before all the necessary paperwork which we require from you is in place. Once the paperwork is in place, the ownership of the company will be transfered to you.

A “shelf company” is usually a company which has been created ahead, even before there is a known client interested in establishing a local entity.

Such “aged” companies usually come with a set of problems of their own, namely:

• Such shelf companies are usually “empty” - even the initial share capital (EUR 7,500) has been taken out of the company in the form of a loan to the founder (which the client as the new shareholder then assumes). Such practices are unlawful: in accordance with Article 685/1/26, a company making a loan to its shareholders contrary to the capital maintenance rule of Article 495 is liable for an administrative offence, for which a penalty in the amount between EUR 1,000 and EUR 30,000 can be imposed. By buying such a shelf company, the purchaser bears the risk of such administrative penalty being imposed upon the purchased company.
• Such company may not allow you to obtain the work & residence permit. The conditions for issuance of work & residence permit regularly depend, among others, also on the age of the company - if a company has been incorporated more than 6 months ago, you may not be able to obtain the work & residence permit at the preferrential terms applicable within the first 6 months of company's existence.

Once all the paperwork is in place, you will acquire the sole business share in a fresh limited liability company. The company will:

• have the initial share capital of EUR 7.500 (or a higher amount, if so agreed),
• a bank account (opened with the bank of your preference),
• regularly EUR 7.500 on its bank account,
• have no legacy liabilities (save for potential liabilities / costs related to banking charges and day-to-day tax and accounting services);
• be (if so agreed) registered for VAT. 

1. After signing the Services Agreement, we will ask you to transfer to us (i) the initial share capital for NewCo, and (ii) an advance on our service fees.
2. Immediatelly thereafter, we will proceed by incorporating NewCo. You can expect NewCo to be incorporated within 5-10 business days following your payment.
3. In parallel, you and we will discuss the ideal (future) structure of NewCo and determine all the basic corporate details.
4. We will draft the majority of documentation necessary to bring NewCo in line with the agreed corporate details and to transfer its ownership over to yourself.
5. Once the documentation is drafted, we will ask you to sign certain documents. Some of the documents will need to be notarized; apostilles will also regularly be required.
6. Once the (complete) set of documentation is delivered to us and translated into Slovene language, we will undertake all necessary steps to transfer the ownership over to you.