Slovakia: Proposal to simplify process of adding data to Commercial Register

A draft amendment to simplify the process of adding data to Commercial Register.

A draft amendment to simplify the process of adding data to Commercial Register.

A draft amendment to the commercial register law aims to simplify the process of adding data to the Commercial Register.

Background

According to the law on the Commercial Register, no later than 30 September 2022, the statutory representatives of registered entities are obligated to enter relevant identification data.

In addition, if the next application for registration filed after 30 September 2021 does not contain a request for the registration of such required data (for example, the entrepreneur would propose to register only the change of the company's registered seat), the registry court will not take the filing into account.

Proposed changes

To simplify the process, a proposed amendment to the Commercial Register law would include a process for an automated completion of the required identification data and the logical assignment to the records in the reference register (the “automated completion of identification data”).

Automated completion of identification data would not be possible for every entrepreneur. Therefore, as proposed, the registry court would send the entrepreneur a notification on automated completion of identification data together with an extract from the Commercial Register. If the registry court does not send this notification by 31 May 2022, it can be assumed that the automated completion of identification data could not be performed, and the entrepreneur would have to file a proposal to the registry court.

Read a September 2021 report prepared by the KPMG member firm in Slovakia

 

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