Business Reforms in Slovenia

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2013:

Positive Protecting Investors:

Slovenia strengthened investor protections through a new law regulating the approval of related-party transactions.


Positive Paying Taxes:

Slovenia made paying taxes easier and less costly for companies by implementing electronic filing and payment of social security contributions and by reducing the corporate income tax rate.


Positive Resolving Insolvency:

Slovenia strengthened its insolvency process by requiring that the debtor offer creditors payment of at least 50% of the claims within 4 years; giving greater power to the creditors’ committee in a bankruptcy proceeding; prohibiting insolvency administrators from allowing relatives to render services associated with the bankruptcy proceeding; and establishing fines for members of management that violate certain obligations or prohibitions.


DB2012:

Positive Registering Property:

Slovenia made transferring property easier and less costly by introducing online procedures and reducing fees.


Positive Trading Across Borders:

Slovenia made trading across borders faster by introducing online submission of customs declaration forms.


Positive Resolving Insolvency:

Slovenia simplified and streamlined the insolvency process and strengthened professional requirements for insolvency administrators.


DB2011:

Positive Starting a Business:

Slovenia made starting a business easier through improvements to its one-stop shop that allowed more online services.


Positive Registering Property:

Greater computerization in Slovenia’s land registry reduced delays in property registration by 75%.


Positive Paying Taxes:

Slovenia abolished its payroll tax and reduced its corporate income tax rate.


DB2010:

Positive Starting a Business:

Slovenia eased business start up by reducing the time for company registration, allowing for simultaneous tax registration during company registration through the e-Vem system, and abolishing the use of company seal.


DB2009:

Positive Starting a Business:

The single access point reforms reduced the number of procedures and day substantially.


Positive Getting Credit:

A new private bureau started operation - SISBON. Slovenia made access to finance more difficult by decreasing secured creditors' rights during reorganization procedure.


Positive Protecting Investors:

Slovenia strengthened investor protections by allowing minority investors to initiate suits against directors on behalf of the company in order to defend their rights as shareholders.


DB2008:

Negative Getting Credit:

The public credit registry increased the minimum loan requirement from 0 to 500 Euros, as a result of the implementation of Euro.


Positive Protecting Investors:

Slovenia strengthened investor protections by requiring that boards of directors obtain a prior approval from the shareholders before entering into transactions representing 25% or more of the company's assets.


Positive Paying Taxes:

Slovenia reduced the tax burden for companies by reducing payroll rate.


Reform Summaries


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