A recent change in Slovak law, effective from August 17, enables notaries to register joint-stock companies along with limited liability companies, eliminating the prior requirement for a business license. This legislative shift aims to reduce bureaucratic barriers and provide entrepreneurs with greater legal certainty as they start their businesses. The Slovak Ministry of Justice has indicated that the new law will also expedite routine updates and changes in the business register, enhancing overall efficiency.

The parliament approved these changes earlier this month, which are expected to reduce paperwork and foster a more efficient business environment. An important aspect of this legislation is the automatic issuance of a business license for free trades upon registration in the commercial register, thereby minimizing the procedural steps that entrepreneurs previously had to navigate. This approach resonates with broader efforts towards digitalization in the Slovak business framework, aimed at simplifying partner verification processes and business operations.

In a broader context, the amendments reflect an ongoing trend in Slovakia towards streamlining business practices and encouraging entrepreneurship. As the legal landscape evolves, the government continues to adopt measures that align with the goals of economic revitalization and recovery post-pandemic, emphasizing agility and ease in the business startup process. This legislative change could be a significant step towards attracting new businesses and making Slovakia a more favorable destination for entrepreneurship.