Slovakia company registration

DOING BUSINESS IN SLOVAKIA

Since 2003, Healy Consultants Group PLC 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.

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages of Slovakia company registration

    business registration facts in Slovakia

    1. Slovakia is the best country for automotive business in Central Europe, because:
      • The country is the largest producer of cars per capita in the World, with 171 cars produced per 1,000 inhabitants;
      • Three automotive giants already have factories in Slovakia, including: i) PSA ii) Volkswagen and iii) Kia;
      • There is a well-established co-operation between car manufacturers and Slovak Universities, supplying a growing stream of qualified labour;
      • Registering property process in Slovakia is one of the easiest in the World, ranked at number 7 by the World Bank;
      • Volkswagen doubled its car production in Slovakia over the past five years;
      • Currently, 274 automotive production plants operate in the country.

    2. Logistics businesses linking EU and Russia operate from Slovakia, because:
      • The country is ideally located in the middle of the European continent to link transit routes between EU and Russia;
      • Slovakia is part of the Schengen Area, allowing border-free travel between member States;
      • Due to the abundance of automotive plants, logistics businesses can obtain preferential terms when buying multiple vehicles;
      • Slovakia is in the top 25 countries in terms of quality of railroad infrastructure according to WEF;
      • Over 150,000 sq. km. are dedicated to new logistics parks in the country.

    3. Slovak businesses can benefit from investment incentives and aid, including:
      • Target business sectors enjoy access to “De minimis aid” of up to €200,000, including: i) energy security services ii) electronic communication and iii) public transport;
      • Government financial aid for disabled employee training projects;
      • Various investment aid options, including: i) cash subsidy for long-term tangible/intangible assets ii) income tax relief iii) job creation subsidy and iv) transfer of real estates for a price lower than a general value of the respective property;
      • Access to cheap industrial park land and real estate purchase for qualified investments of minimum €100m.

  • Disadvantages of Slovakia company registration

    1. Slovakia was negatively ranked as the 57th freest economy in the Heritage Foundation’s 2017 Index of Economic Freedom, a measure of freedom;
    2. Slovakia is negatively ranked as the 54th least corrupt country in the world, according to the 2016 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians;
    3. Slovakia is negatively ranked as the 67th most competitive economy in the world in the Global Competitiveness Report 2015-2016;
    4. The country is outside of top 100 global countries in terms of effectiveness of institutions, according to WEF.
  • Best uses for a Slovakia company

    • Slovakia is an optimal destination for automotive companies, due to i) established specialised infrastructure ii) educated and moderately cheap labour and iii) cost-efficient industrial parks availability;
    • Logistics businesses prefer to register in Slovakia and access i) preferential government investment aid and ii) ideal location between the European Union and Russia.

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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