Setting up a non-investment fund

A non-investment fund can be established by:

• a natural person, or
• a legal person.

If there is a single founder, the fund is established by a founding deed in the form of a notarial deed.

If there are several founders, the fund is established by a founding agreement.

Important: If several persons establish the fund, the authenticity of the signatures of all founders on the founding agreement must be officially certified.

The founding document must contain the following details:

Name of the fund

• The name must contain the designation “non-investment fund” or the abbreviation “n. f.”.
• The name must not be interchangeable with the name of another already registered non-investment fund.

Registered office of the fund
State the address of the registered office in the territory of the Slovak Republic, including:

• the city district (in the case of Bratislava or Košice),
• the registration and orientation number. If the municipality has no streets, state only the registration number.

Other mandatory details

• the period for which the fund is established,
• the purpose to be supported from the fund’s resources,
• the given name and surname or name, and the address of permanent residence or registered office of all founders,
• the amount of the monetary contribution of each founder (at least €66) and the deadline for its payment,
• the designation of the person carrying out actions related to the establishment of the fund.

Generally beneficial purpose
The fund may support in particular:

• the development and protection of spiritual values,
• the protection of human rights,
• the protection and creation of the environment,
• the preservation of natural and cultural values,
• the protection and promotion of health,
• education,
• the development of social services.

The statute of the fund is part of the founding deed or founding agreement
The statute must contain:

• the name and registered office of the fund,
• the generally beneficial purpose,
• a designation of the group of persons to whom resources from the fund may be provided, or a designation of the territory within which these resources will be provided,
• the fund’s bodies, their powers, and details of the administrator,
• provisions on limiting expenses for the administration of the fund,
• the method of settling assets upon the dissolution of the fund,
• the designation of the person to whom the founder’s authorizations will pass in the event of the founder’s death or dissolution.

If the fund is established by an authorized representative
The founding agreement may also be concluded by an authorized representative.
A power of attorney with an officially certified signature of the person granting it must be attached to the founding agreement.

Signing the founding deed or founding agreement

Electronic submission
The founders must sign the founding deed or founding agreement with a qualified electronic signature (KEP).Opens in a new window
If any of the founders does not have a qualified electronic signature, attach the document in the form of a guaranteed conversion from the paper original with officially certified signatures.

Paper submission
The founding deed or founding agreement must be signed by all founders.
The authenticity of the signatures of all founders must be officially certified.

Important: Submit the application to register the non-investment fund within 60 days of its establishment.

You can submit the application electronically or in paper form.

Electronic submission
Fill in the electronic form Application for registration – non-investment fund.Opens in a new window
The application must be signed by the founder, the administrator, or an authorized person based on a power of attorney, using a qualified electronic signature (KEP).Opens in a new window

Attach:

• the founding agreement (if there are several founders) or the founding deed,
• the fund’s statute,
• an officially certified affidavit of payment of the contribution or part thereof by the individual founders,
• a written declaration by the founder on the ultimate beneficial owner under § 3(4) of Act No. 346/2018 Coll.,
• the administrator’s details needed to request an extract from the criminal register under § 12(4)(a) of Act No. 192/2023 Coll.,
• a power of attorney, if the application is submitted by an authorized person.

How to proceed

1. Fill in the electronic form.
2. Attach all required annexes.
3. Sign the application with a qualified electronic signature (KEP).
4. Send the form.
5. You will pay the administrative fee based on a payment order that will be delivered to your electronic mailbox after the application is submitted.

Warning: For electronic filing you need an ID card with an eID chip. When submitting, you must sign the document with a qualified electronic signature (KEP).

Signing the electronic form by multiple persons
If the application or its annexes are signed by more than one person, use the “Sign by multiple persons” function.
The signing procedure can be found in navode_naviacnasobne_podpisovanie.pdfOpens in a new window.

Good to know: For electronic filing, the administrative fee is reduced by half, i.e. €50.

Paper submission
Deliver the application in person or by post to the district office in the regional seat relevant according to the registered office of the non-investment fund, the department of general internal administration (hereinafter “the registration authority”).

The application can be submitted by the founder, the administrator, or an authorized person based on a power of attorney.

The signature on the application must be officially certified.

State in the application:

• the name and registered office of the non-investment fund,
• details of the founder or founders,
• details of the administrator,
• the purpose of the non-investment fund.

Attach:

• the founding agreement (if there are several founders) or the founding deed,
• the fund’s statute, in two counterparts,
• an officially certified affidavit of payment of the contribution or part thereof by the individual founders,
• a written declaration by the founder on the ultimate beneficial owner under § 3(4) of Act No. 346/2018 Coll.,
• the administrator’s details needed to request an extract from the criminal register under § 12(4)(a) of Act No. 192/2023 Coll.,
• confirmation of payment of the administrative fee in the amount of €100,
• a power of attorney, if the application is submitted by an authorized person.

Good to know: You can pay the administrative fee via a Confirmation of Payment of an Administrative or Court Fee, available at branches of the Slovak Post. More information on paying administrative fees can be found on the Slovak Post websiteOpens in a new window. You can also pay the fee at a self-service payment kiosk at the registration authority’s building.

The proceedings on registering the non-investment fund are governed by the provisions of the general regulations on administrative proceedings.

If the application is in order
If the registration authority finds no reason to refuse the registration, it will register the non-investment fund in the register:

• as of the date stated in the application, or
• if the application does not state this date, as of the date the decision is issued.

The decision on registration will be delivered to the applicant’s or the authorized person’s electronic mailbox.

Once the decision becomes legally final, it will send the applicant one copy of the statute.

If the application contains deficiencies
If the registration authority finds deficiencies, it will deliver to the applicant’s or authorized person’s electronic mailbox:

• a call to remedy the deficiencies in the submission, and
• a decision to suspend the proceedings.

After the non-investment fund is registered, you can open a bank account in the name of the non-investment fund.

You may need:

• the fund’s statute,
• the founding deed or founding agreement,
• proof of identity of the administrator,
• an extract from the Register of Non-Governmental Non-Profit Organizations.

You can obtain the register extract by submitting an application to the registration authority.

Good to know: Each bank may set its own conditions and list of documents required to open a bank account.