7 interesting facts about a sole trader with a flat rate scheme in Slovenia

Why starting a sole trader business in Slovenia is a good idea?

1. Who?

Any natural person that requested a temporary residence in Slovenia can start a sole trader business with a flat rate scheme. Meanwhile, the permanent residence does not need to be changed and it can remain in your home country. Please feel free to contact me for any further information.

2. VIES VAT number validation?

Every sole trader issuing invoices outside Slovenia needs to register for VIES, which is the European VAT. The procedure of registration can take up to one month.

3. Eligible assets?

The most eligible assets for a sole trader with a flat rate scheme in Slovenia, are the assets with low management costs since these are not being reduced.

4. Money withdrawal

A sole trader is a limited company, therefore the entrepreneur can manage earnings independently.

5. Contributions?

In case the A1 form is not presented, the contributions for the first year of activity amount app. €235, for the second year app. €275 and €330 for all following years. Contributions depend, however, from the annual profit.

6. Accountancy?

The double entry accounting does not apply to the sole trader with a flat rate scheme, since the 80% of the turnover is automatically registered in accountancy as cost. The accountancy therefore only keeps track of the issued invoices.

7. Registered office

Every sole trader is required to have a registered office. Taxofia offers you a solution with a virtual office or helps you find a suitable real-estate to purchase or lease.

Feel free to call us, +386 31 679 430 !