Business
Commercial Code companies with a public-sector partners register
The 1991 Commercial Code governs companies, with the s.r.o. requiring EUR 5,000 of capital. Anyone contracting with the state must be entered in the register of public sector partners, disclosing the ultimate beneficial owner.
Key rules
- Minimum capital is EUR 5,000 for an s.r.o. and EUR 25,000 for a joint-stock company.
- Registration in the business register is constitutive.
- Public-sector contractors must register in the register of public sector partners.
- A simple joint-stock company (j.s.a.) exists for start-up investment structures.
Governing law
- Commercial Code (513/1991)Companies and commercial obligations.
- Civil Code (40/1964)General private law; not recodified.
- Act on the register of public sector partners (315/2016)Beneficial ownership disclosure.
In practice
Registration in the public sector partners register must be done through an authorised person who assumes liability for the accuracy of the beneficial ownership statement.