European Company / Societas Europeae (SE)
We ensure complete establishing of an European Company. At present, there are cca 16 of these within the Slovak Republic, in the European Union may be found around 100. Our team members have participated in setting up of few Slovak SE.
Characteristic features of the SE:
SE is a kind of a Joint-Stock Company but the legal basis stems from the European Community in order to simplify the free movement of capital within the EU and to harmonize the legislation of the corporations in the EU.
The SE is deemed to be a supra-national European type of a Joint-Stock Company which is entered in the Commercial Register in a state of its registered office.
In the Slovak Republic, the SE is governed by the Act on European Company 2004 (562/2004 of the Collection of Laws) effective on September 2004 in accordance with the Commercial Code, EC Regulation 2157/2001 on Articles of the European Company and with the Directive of the EU Council 2001/856/EC. The status of the SE is determined mostly by the jurisdiction of a state in which it has its registered office. The minimum authorized capital is 120, 000 EUR.
The way of management:
- A dualistic way: the SE is headed by its Board of Directors (as a statutory body) and by its Supervisory Board (executive body) entitled to inspect the Board′s activity
- A monistic way: simplier and more flexible method, the statutory body is represented by SE′s Administrative Board
It is up to the establishers of the SE to choose the most suitable system for their company.