Slovakia: business in the land of Tatra

Slovakia is a country in Central Europe located between the Czech Republic, Austria, Poland, Hungary and Ukraine. A regular tram service links Vienna to Bratislava.

Advantages of using Slovakia as your jurisdiction of choice:

  • Slovakia is an EU member and a Schengen state;
  • Political stability;
  • Open market economy;
  • Conducive business environment;
  • Inexpensive and skilled workforce;
  • Reliable tax system;
  • Participation in more than 60 DTAs;
  • Economic citizenship promotion program;
  • Investment protection;
  • Corporate directors are allowed;
  • No residency restrictions for shareholders.

Price structure for company formation in Slovakia

Company formation
State fees
Registered office
Company documents in Slovak & English
PRICEfrom €1500

Company Type

A Slovak limited liability company (S.R.O) is the most suitable form of corporate entity for international trade and investments.

A company director must have:

  • Slovakian citizenship or
  • EU member state citizenship or
  • OECD member state citizenship or
  • Third country citizenship with a resident permit in Slovakia

Nominee directorship is not allowed.

What do you need to form a company in Slovakia?

Give us a call, or drop us an email, and we will be glad to detail all the requirements for you.

Taxation and statutory requirements at a glance

Taxation

The standard corporate tax rate is 21%. The tax is applied to all resident corporations irrespective of business activity and form of ownership. A company is deemed to be resident if incorporated and managed in Slovakia.

Withholding tax

The withholding tax rates on dividends payable to corporations and individuals are as follows:

  • Slovak company to Slovak individual – 7%;
  • Slovak company to Slovak company – 0%;
  • Slovak company to resident of a country with a DTA – 7% or less as stated in the treaty (but no more than 7%);
  • Slovak company to resident of a country without a DTA – 35% (and vice versa).

The withholding tax rates on royalties and interest:

  • Slovak company to resident of a country with a DTA – 0–10%;
  • Slovak company to EU resident – 0%;
  • Slovak company to residents of other countries – 19%.

The standard VAT rate is 20%. Certain goods and healthcare services are taxed at a reduced rate of 10%.

Accounting, audit and filing requirements

Accounting is obligatory. Financial reports have to be filed. Audit reports are needed if annual turnover exceeds €2 000 000 or the company has more than 30 employees.

Please do not hesitate to contact us if you are interested. Consultations are free.

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