On 21 October 2014, the National Council of the Slovak Republic approved amendments to the Commercial Code regarding the share capital requirements of limited liability companies (LLC).
The amendments include reducing the minimum share capital requirement from €5,000 to just €1, while introducing a restriction on the distribution of profits to 75% of net profits when an LLC's share capital is below €5,000. In addition, LLCs with share capital below €25,000 will need to declare sh…