A foreign subsidiary is a company that operates overseas as part of a larger company who’s HQ is in another country.
Establishing a foreign entity is great for having an international presence and accessing new markets. Though, setting up a subsidiary in Slovenia can be expensive, stressful, and time-consuming. It's not for the faint of heart.
To set up a subsidiary in Slovenia, you have to:
- Register your business name and file articles of incorporation
- File for local bank accounts
- Learn and keep track of the local employment laws
- Set up local payroll
- Hire local accounting, legal, and HR people
If you're lucky, this process can take months. If you're not so lucky, it can take up to a year. And on average, it costs about $50k-$80k, all-in-all, to get setup. And that's just for Slovenia.