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Legally recognised corporations in Europe take on many forms. We decided to shed some light on useful legislation insights, general incorporation requirements and characteristics of a LLC or Limited Liability Company in Europe.
Moreover, we decided to compare the legal aspects of LLCs in the Czech Republic, Hungary, Poland, Romania, Slovakia and Ukraine to provide a comprehensive yet clear overview of the requirements in the region.
Dive into the general features of LLCs, such as the basic characteristics of founders, minimum capital nature and limits, types of contributions and payment deadlines, guarantees required by shareholders, incorporation time, obligation of VAT registration, and much more.
CZECH REPUBLIC
Natural persons or legal entities
No. of founders: Unlimited
HUNGARY
Natural persons or legal entities
No. of founders: Unlimited
POLAND
Natural persons or legal entities
No. of founders: Unlimited
ROMANIA
Natural persons or legal entities
No. of founders: up to 50
SLOVAKIA
Natural persons or legal entities
No. of founders: up to 50
UKRAINE
Natural persons or legal entities
No. of founders: Unlimited
CZECH REPUBLIC
Minimum capital: CZK 1
Minimum contribution: CZK 1
Type of contribution: Monetary / non-monetary
HUNGARY
Minimum capital: HUF 3,000,000
Minimum contribution: HUF 100,000
Type of contribution: Monetary / non-monetary
POLAND
Minimum capital: PLN 5,000
Minimum contribution: PLN 5,000
Type of contribution: Monetary / non-monetary
ROMANIA
Minimum capital: RON 1
Minimum contribution: RON 1
Type of contribution: Monetary / non-monetary
SLOVAKIA
Minimum capital: EUR 5,000
Minimum contribution: EUR 750
Type of contribution: Monetary / non-monetary
UKRAINE
Minimum capital: Not specified
Minimum contribution: Not specified
Type of contribution: Monetary / non-monetary
*2 – 4 weeks at the notary
*after submitting documents to a state register
CZECH REPUBLIC
CZK 6,000
HUNGARY
No fee for the court procedure
POLAND
PLN 600
(PLN 350 in case of registration via S24 platform)
ROMANIA
From February 2017, the Trade Register fees for incorporation have been removed, only Official Gazette publication fees are applicable
SLOVAKIA
EUR 150
UKRAINE
No state fee for registration
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