Making business in Slovakia
Foreign investors can benefit from the same rules as regulations of national citizens.
To set up a company in Slovakia, directors should provide company name.
Every company name in Slovakia must be unique.At the same time, the customer has to fill out a form of incorporation of the company in which you will have to provide information relating to the structure, share capital and the activities of the company. Additional information and documents to use for the incorporation of the company include: the identification document and the extract from the file judicial. The latter must be free of pending criminal charges, an essential requirement for the incorporation of the company. Since the above documentation is an essential element for the establishment of the company, the customer must ensure that it is accurate and complete.
After the completion of the above steps, the documents will be submitted for the registration with the Business Register and the business license will be issued within 12 days by the authorities.
Slovakia offers the possibility to register your company remotely. The overwhelming majority of foreign investors choose not to visit the country and to delegate powers to a representative through a power of attorney. According to this specific document, duly authenticated, the company can be registered in the Business Register. To avoid traveling to Slovakia and save time, you can also sign the documents by going to the Slovak embassy.
REQUIREMENTS FOR THE ESTABLISHMENT OF COMPANIES IN SLOVAKIA
- Any person of EU citizenship e may be a director or shareholder of a Slovak company;
- The director / s of the company must / must provide the extract from the “clean” criminal record;
- The shareholders of a company established in Slovakia can be both individuals and individuals legal;
- A company in Slovakia must have a local registered office (you can use our services of virtual office).
WHAT ARE THE ADVANTAGES OFFERED BY SLOVAKIA TO COMPANIES?
- Individual firms and SMEs with a turnover of up to 49.790 euros will pay a tax of 15%. While companies with a turnover exceeding € 49.790 will be subject to a 21% tax;
- The VAT rate in Slovakia is 20%. For medical, pharmaceutical and food products such as fruit and vegetables a reduced VAT rate of 10% applies;
- 7% dividend tax,
- The most significant change is undoubtedly the increase in deductible expenditure on science e research that reaches up to 200% of eligible expenditure.
If you also possess the necessary requirements for the establishment of your company in Slovakia do not hesitate to contact us.
REQUIREMENTS FOR THE PURCHASE OF A READYMADE COMPANY IN SLOVAKIA
Buying a ready-made is the fastest solution when you are in a hurry and need to sign important contracts with commercial partners,
With the ready-made mode you do not have to wait for the conclusion of the bureaucratic procedure.
The requirements for the purchase of a READY-MADE company in Slovakia are the same required for newly established companies.
The main advantages of buying a READY-MADE company:
- the company is already registered in the Trade Register;
- the company already has a VIES number;
- you don’t have to pay state fees for setting up a new company.
REQUIREMENTS FOR THE PURCHASE OF READY-MADE COMPANY IN SLOVAKIA
- Any person of any nationality or residence may be a director or shareholder of a Slovak company;
- The director / s of the company must / must provide the extract from the “clean” criminal record.
- The shareholders of a company established in Slovakia can be both individuals and individuals legal;
- A company in Slovakia must have a local registered office (you can use our services of virtual office).
WHAT ARE THE ADVANTAGES OFFERED BY THE SLOVAK REPUBLIC?
- Sole proprietorships and SMEs with an income of up to € 49.790 will pay a tax of 15%. While companies with a turnover exceeding 49.790 €will be subject to a tax 21%;
- The VAT rate in Slovakia is 20%. For medical, pharmaceutical and food products such as fruit and vegetables a reduced VAT rate of 10% applies;
- 7% dividend tax,
- If you also meet the necessary requirements for the purchase of one READY-MADE company in Slovakia do not hesitate to contact us.