Company Liquidation in Slovakia
There are two types of company liquidation procedures in Slovakia: voluntary and mandatory. Contact our Slovak company registration agents for support.
Liquidation is the process through which a company legally closes its operations under specific circumstances. In Slovakia, there are several phases through which a business must go before being liquidated or terminated.
Below, our company formation agents in Slovakia explain the procedure behind the liquidation of a business. If you are in this situation, you can rely on us for company liquidation support.
Situations that lead to company liquidation in Slovakia
Company liquidation falls under the regulations of the Slovak Company Law which provides for the following situations in which it can occur:
- the business has been created for a limited period of time that has reached its end;
- the company has been sold (taken over) and it must be stricken off from the Trade Register;
- the entity will be moved to another country, or it has come to a fulfillment of its obligations on the Slovak market;
- the company is in debt which can no longer be paid and is required to terminate its activities, sell its assets and pay the creditors.
| Quick Facts | |
|---|---|
| Applicable Law(s) | – Commercial Code, – Act on Bankruptcy and Restructuring. |
Conditions to liquidate a company | – closing of the operations, – shareholders’ agreement, – bankruptcy. |
Types of procedures | Voluntary and mandatory. |
| Voluntary company liquidation | Voluntary company liquidation is possible when the shareholders agree to close the business. |
| Compulsory company liquidation | Compulsory liquidation is ruled by a Slovak court when one or more creditors request for the payment of debts. |
| Appointment of a liquidator in a voluntary procedure | The shareholders appoint the liquidator during the general meeting. |
| Appointment of a liquidator in a mandatory procedure | In the case of compulsory company liquidation in Slovakia, the liquidator is appointed by the court. |
| Authorities to notify in case of liquidation | – Trade Register, – Tax Administration. |
| Requirement to notify other parties (YES/NO) | Yes, the creditors must also be notified. |
| Notice requirements | Maximum 30 days from the decision/ruling. |
| Additional accounting requirements to comply with (if any) | The liquidator must draw up a final balance sheet and financial statements for the company. |
| Company liquidation time frame (approx.) | Approx. 6 months in the case of voluntary company liquidation in Slovakia. The mandatory procedure can take longer. |
| De-registration with the Tax Agency in Slovakia required (YES/NO) | Yes. |
| Trade Register deletion requirement (YES/NO) | Yes, the company must also be deleted from the Companies Register. |
| Company liquidation support (YES/NO) | Yes, feel free to contact our Slovak agents for support in company liquidation. |
Depending on the situation, there are two scenarios company dissolution in Slovakia can be completed under:
- voluntary;
- mandatory.
Our Slovak company registration agents can offer detailed information on each situation in particular.
Company liquidation steps in Slovakia
The dissolution procedure is a lengthy one, as there are several steps to be completed before a company ceases to exist. Here they are:
- drafting financial statements that reflect the state of the business;
- convening a special general meeting of the shareholders during which the decision to terminate the business must be adopted and recorded;
- notifying the Commercial Register and registering the company’s liquidation;
- notifying the Social Insurance Agency, the Tax Office, and the Health Insurance Companies about the termination of the company;
- filing for an authorization to have the business struck from the Trade Register;
- having the company deleted from the Companies Register’s records.
These are general steps that can be adapted based on whether the liquidation procedure is voluntary or mandatory.
Our agents are at your service if you want to terminate or set up a company in Slovakia.
Voluntary company liquidation in Slovakia
Voluntary liquidation implies the procedure in which the shareholders decide to terminate their operations based on one of the situations presented in the first part of the article. In this sense, they must gather during a special meeting and vote for the ceasing of the company. They must then appoint a liquidator (who can be one of the directors or an independent contractor) who will start notifying all authorities about the dissolution.
Voluntary company dissolution in Slovakia can be completed with the help of our specialists.
Mandatory company dissolution
In the case of a mandatory liquidation procedure, the court rules on the termination of a company’s activities. In such cases, creditors are the ones filing for liquidation as a consequence of debts registered by the respective businesses with them.
In such proceedings, the liquidator is appointed by the judge.
Mandatory company liquidation in Slovakia can be more time-consuming, which is why you can rely on our experts if you need tailored advice.
Here is also a video on this subject:
Timeframes to consider in Slovak company liquidation procedures
When it comes to how long it takes to liquidate a Slovak company, here are the main aspects to take into account:
- after the liquidation decision, the notification to the Trade Register and Tax Agency must be filed within 30 days;
- other authorities must be notified of the same decision within 8 days from filing the liquidation request with the Commercial Register;
- the minimum duration of the procedure is 6 months, while there is no maximum time it can take.
If you need support in filing for company dissolution in Slovakia, feel free to contact us.
Juraj Kornhauser, Attorney at Law · 2 October 2026Juraj Kornhauser is the founder of ABSOLONOVA Kornhauser Law Firm.