The Republic has serious industrial and agricultural capacities. The most developed agriculture
is based on modern logistics and advanced infrastructure. The average salary is about 940 euros
Slovakia is a popular tourist destination. Its nature, mountains, caves, ski resorts, castles and towns attract many tourists. The republic's foreign trade is oriented towards EU countries.
The official state language is Slovak. The official currency is the euro.
The Republic is active in international activities aimed at international integration and cooperation in all areas of life. Slovakia is a member of the EU, WTO, OECD, OSCE, IAEA, etc.
choosing a country
choosing a bank
payment (by any method)
bank account opening
From all the possible types of advantages that open up to the founders when incorporating a company, it is definitely worth noting:
According to current Slovak law, it is possible to register your company in the following legal form:
The most favourable form of business registration in Slovakia is a limited liability company (S.R.O. in Slovak). The number of participants in the shares must not exceed 50. According to Slovak law, one of the company's general directors must be a resident of the country.
Based on the analysis of the current legislation regulating the activities of business entities, the following can be highlighted with regards to the specifics of the process of registering your business:
The state has the following features for levying taxes and fees
Corporate Income Tax (CIT) applies to profits earned by all companies, including subsidiaries of foreign companies. Slovak tax residents are taxed on their worldwide income. Income tax is 15% on income up to €100,000 or 21% if higher.
The basic rate of VAT is 20%. Certain medical products, printed materials and media, various foodstuffs and "basic goods" (e.g., milk, butter, meat), and some accommodation services have a VAT rate of 10%.
The mandatory conditions for doing business in the territory of the Slovak Republic are the timely annual submission of financial statements and the conduct of an audit of the company.