Extension of the competences of notaries and advocates in registering in the commercial register
With effect from the new year, an amendment to Act No. 530/2003 Coll. On the Commercial Register and the Decree of the Ministry of Economy of the Slovak Republic No. 389/2023 on the registration of data in the Commercial Register by the registrar.
Key changes in the position of the notary as registrar
One of the main innovations is the extension of the competences of notaries as registrars authorised to make entries in the Commercial Register. As of 1 January 2025, notaries may not only make initial entries but also changes to the data of persons entered in the Commercial Register.
Limitation of representation of the applicant – notary or lawyer
The new rules also stipulate that the claimant may only be represented by professionally qualified persons – a notary public or a lawyer, or, within the framework of its internal capacities, by its own employee or an employee of a legal entity which is linked to the claimant by property or personnel.
The partner of our law firm, Ms. Eva Nemšáková, also commented on the legislative change:
“Proceedings at the commercial register were often covered by providers without professional experience and a licence to provide legal services. We welcome this change, together with the possibility of making changes to the commercial register through a notary, as both changes contribute to a more professional and faster implementation of services for our clients.”
Notary fees for data changes
The notary’s fee for the registration of a change in the registered data of a limited liability company in the Commercial Register is set at 45 EUR, which, together with the reimbursement of out-of-pocket expenses for the Central Information System of the Chamber of Notaries of the Slovak Republic, amounts to 55.90 EUR without VAT (i.e. 68.76 EUR with VAT).
How do our colleagues assess the changes?
“Clients are really satisfied that after the delivery of the documents we are able to file a proposal and enter the change of data into the Commercial Register through a notary within one day”, evaluates the change our lawyer Denis Čech.
Our colleague Bianka Lakatošová adds: “A petition filed through a notary can also be corrected at the notary’s invitation, there is no need to wait for objections issued by the court of registry. It is more efficient and communication with the notary is easier.”
Our law firm provides comprehensive legal services, with a particular focus on commercial and legal advice for corporate clients. We are able to provide all services from company incorporation through registration of changes in the commercial register to complex statutory M&A operations together with our colleagues from the tax and audit departments. We can reliably take care of all legal, tax and accounting matters related to your statutory affairs.
