Slovakia

Slovakia is an attractive country for doing business due to its strategic location in Europe, membership in the European Union and the Eurozone, and favorable tax regime. It is one of the most promising countries in Central Europe, providing easy access to the EU market and facilitating international trade.

Why Slovakia for business?

Membership in the EU and the Eurozone

the possibility of unimpeded trade with EU countries

Easy registration

the possibility of registering a company in a short time (2-4 weeks)

Attractive tax regime

21% corporate tax, and 15% for small businesses

Convenient banking services

the possibility of opening an account in Slovak and European banks

Reputation of the jurisdiction

Slovakia is not included in the black or gray lists of offshore zones

Content

For whom is this jurisdiction appropriate?

International business and importers/exporters

Those seeking to enter the EU market

IT companies and startups

Looking for a stable jurisdiction with predictable tax conditions

Investors and entrepreneurs

Those who wish to obtain a residence permit on the basis of doing business

Freelancers and consulting companies

Working with European clients

Learn about other countries for your business and life

Not sure which country is right for you? Get a free guide – “How to choose a jurisdiction for your business?”

The main criteria for choosing a country
Comparative analysis of 5 countries
Step-by-step plan for starting a business in a new country
5 risks to consider before registering

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What do you need to know about Slovakia’s business requirements?

01
Local presence requirements
- A legal address is required. Both physical and virtual offices are possible
- The director may be a non-resident
- A secretary is not required
02
Tax conditions
- Corporate tax: 21% (15% for businesses with a turnover of up to EUR 60,000)
- VAT: 20% or 10% for certain goods and services. Mandatory registration after EUR 49,790 annual turnover
- Dividend tax: 7% for individuals who are tax residents of Slovakia and 35% for payments to low-tax countries
- Tax incentives: available for companies engaged in research, development and innovative technologies
03
Legal forms of companies
- Spoločnosť s ručením obmedzeným (s.r.o.) – analog of LLC, the most popular form
- Akciová spoločnosť (a.s.) – joint-stock company for large businesses
- Živnostenský list – entrepreneurial activity for individuals
04
Requirements for authorized capital
- For s.r.o. – 2,500 euros, can be paid in installments
- For a.s. – 25,000 euros
05
Opening a bank account
- Account in a Slovak or European bank
- Alternatives: EMI payments, financial institutions
06
Annual commitments
- Financial reporting: mandatory annual financial report to the tax authorities
- State fees: depend on the type of company (for s.r.o. it is an administrative fee for supporting activities)
- Audit: mandatory for companies that exceed two of the three criteria: assets over EUR 2 million, turnover over EUR 4 million, more than 30 employees

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FAQ

Is it possible to register a company remotely, without a personal visit?

Yes, registration takes place completely remotely.

How long does it take to register a company in Slovakia?

Company registration takes from 2 to 4 weeks from the date of receipt of the full set of documents.

What documents are required to register a company in Slovakia?

The list of required documents includes:

3 preferred company names;
description of the areas of work of the future company;
national and foreign passports of each beneficiary, founder and director;
identification code of each beneficiary, founder and director;
confirmation of the registration address of each beneficiary, founder and director (e.g., a utility bill).

Can a citizen of another country open a company in Slovakia?

Yes. A person of any nationality can start a business in Slovakia. No citizenship, residency, or residence in the country is required to register a company.

Do I have to file reports if the company does not conduct any business?

Thus, even if a company does not conduct business, it must file zero reports.

Do I need a legal address when registering a company in Slovakia?

Yes, a legal address is required; it can be either a physical address or a virtual address.

Чи зможу я отримати VAT-номер після реєстрації бізнесу?

Так, звісно, після реєстрації компанії можна розпочати процедуру отримання VAT (ПДВ) номеру.

Slovakia

What do you need to know about Slovakia’s business requirements?

Local presence requirements

Tax conditions

Legal forms of companies

Requirements for authorized capital

Opening a bank account

Annual commitments

FAQ