Slovakia company registration

Slovakia company registration

DOING BUSINESS IN SLOVAKIA

Since 2003, Healy Consultants has assisted our Clients with Slovakia business registration. Our services include i) Slovakia company incorporation ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

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  • Advantages and disadvantages

    Advantages of Slovakia company registration

      business registration facts in Slovakia
    1. Slovakia is a new industrialized nation which experienced high growth between 2004 and 2008. However, after the recession, the economic growth is relatively low, varying annually between 1% and 3%;
    2. As coal and steel mining have declined in Slovakia, higher-skill level industries have grown greatly. The automotive, mechanical and chemical engineering, and information technology industries are all expected to expand over the next decade;
    3. Incorporating in Slovakia has been a top choice for foreign direct investment due to its supply of cheap, highly-skilled laborers and new investment in to research and development to support current industry;
    4. A limited company(SRO) is the most common type of company registered in Slovakia. Such an entity can be easily setup with a single shareholder and one director, without any travel requirement for our Client. Furthermore, our Client will be allowed to open their corporate bank account in any major international currency of their choice;
    5. Slovakia business setup is uncomplicated and quick, requiring an average of 14 days to fully complete incorporation;
    6. Slovakia has favorable tax rates for corporations, with a flat tax rate of 22%. Furthermore, dividends received/paid are not subject to either corporate tax or withholding tax in Slovakia;
    7. Slovakia is positively ranked as the 29th easiest jurisdiction for doing business, in a 2015 study published by the World Bank. Furthermore, the report also ranked Slovakia as the best country in the world for trading across borders;
    8. Opening global corporate bank accounts to assist Slovakia company setup is easy. Healy Consultants works with internationally recognised banks such as Citibank to provide corporate bank account services.

    Disadvantages of Slovakia company registration

    1. Slovakia was negatively ranked as the 50th freest economy in the Heritage Foundation’s 2015 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment, and labor markets. Moderately-high corruption and relatively low government spending were the main reasons behind Slovakia’s low rank;
    2. Slovakia is negatively ranked as the 54th least corrupt country in the world, according to the 2014 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians;
    3. Slovakia is negatively ranked as the 75th most competitive economy in the world in the Global Competitiveness Report 2014-2015, down from 60th in 2011;

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: €7,750
  • Minimum capital: €5,000
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 22%
  • Corporate tax base: Worldwide
  • Shelf companies: No
  • Main company type: SRO Limited

Contact us

For additional information on our company registration services in Slovakia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Olivia Stanciu, directly:
client relationship officer - Olivia
Slovak Chamber of Commerce and Industry Government of the Slovak Republic Ministry of Finance of the Slovak Republic Ministry of Foreign and European Affairs of the Slovak Republic Slovak Investment and Trade Development Agency Narodna Banka Slovenska