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Company formation in Slovakia
Comprehensive assistance in company formation, including banking services
How to form a company in Slovakia
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Slovakia
and opening a bank account in Slovakia
and opening a bank account in Slovakia
2
Payment of services
Payment of our services for company formation in Slovakia
and/or bank account assistance in Slovakia
and/or bank account assistance in Slovakia
3
Company formation
We register a new company in Slovakia for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to forming a company in Slovakia
Dividend withholding tax rate is 0%.
1. Founders of a company in Slovakia can either be resident or non-resident in Slovakia. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a director in Slovakia. However, it is required to set up a company in Slovakia with a resident individual as one of its directors.
3. One individual can be simultaneously a shareholder and a director in a company in Slovakia if such company is registered as a s.r.o. (a limited liability company).
4. There is no requirement for creating substance in Slovakia - no need to hire local employees or rent an office in order to establish a company in Slovakia or to conduct business in Slovakia.
5. Minimum share capital that is required to register a company in Slovakia as a s.r.o. (a limited liability company) is EUR 5,000.
6. Information about company founders, shareholders and directors after a company registration in Slovakia is complete is publicly available in the state corporate register.
7. A company in Slovakia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Bratislava for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a director in Slovakia. However, it is required to set up a company in Slovakia with a resident individual as one of its directors.
3. One individual can be simultaneously a shareholder and a director in a company in Slovakia if such company is registered as a s.r.o. (a limited liability company).
4. There is no requirement for creating substance in Slovakia - no need to hire local employees or rent an office in order to establish a company in Slovakia or to conduct business in Slovakia.
5. Minimum share capital that is required to register a company in Slovakia as a s.r.o. (a limited liability company) is EUR 5,000.
6. Information about company founders, shareholders and directors after a company registration in Slovakia is complete is publicly available in the state corporate register.
7. A company in Slovakia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Bratislava for 1 day in order to open a corporate bank account.
Cost of services
Formation of a s.r.o.
Timeframe - 12 business days
Timeframe - 12 business days
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for company formation
Advantages of forming a company in Slovakia
Attractive business-environment
- Access to major EU markets
- Stable economic growth
- Highly-qualified workforce
- Open economy, no trading restrictions
- Low inflation
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Dividend withholding rax rate is 0%
- Tax incentives for R&D
- Multiple double tax treaties
No foreign exchange controls
- Slovakia joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Slovakia may open bank accounts in local banks in any currency
Ease of establishing and doing business
- Remote company formation in Slovakia is available
More about Slovakia
The Slovak Republic is located in Cetral Europe. Slovakia borders Austria, Czech Republic, Hungary, Poland and Ukraine. Slovakia has a territory of 49,035 square kilometers. The capital city of Slovakia is Bratislava, the largest city and the location of key government institutions.
Slovakia has a population of 5,5 million people.
Slovakia has a population of 5,5 million people.
Official currency of Slovakia is euro (EUR).
Slovakia has a developed high-income economy. GDP of the country is based primarily on the services sector, but the industrial sector plays an important role in the economy. The main industry sectors are car manufacturing and electrical engineering
The GDP of Slovakia grew by 3% in 2021 and amounted to USD 115 billion. Tertiary sector makes up almost 60% of the GDP of the country, followed by industry sector at 27.5%, agriculture at 2%.
In terms of foreign trade the largest exports of the country are vehicles, metal and metal products, electricity, gas, coke, oil, nuclear fuel, chemicals, synthetic fibers, wood and paper products, machinery, earthenware and ceramics, textiles, electrical and optical equipment, monitors and projectors, rubber products, food and beverages, pharmaceuticals.
Imports of Slovakia consist of energy, petroleum oils, natural gas, cars and vehicles, electric conductors, consumer goods.
Primary trading partners of Slovakia are Austria, Germany, United Kingdom, Hungary, Poland, Czech Republic, Romania, China, Poland, Turkey, USA, China, France, South Korea and Vietnam.
Slovakia has a developed high-income economy. GDP of the country is based primarily on the services sector, but the industrial sector plays an important role in the economy. The main industry sectors are car manufacturing and electrical engineering
The GDP of Slovakia grew by 3% in 2021 and amounted to USD 115 billion. Tertiary sector makes up almost 60% of the GDP of the country, followed by industry sector at 27.5%, agriculture at 2%.
In terms of foreign trade the largest exports of the country are vehicles, metal and metal products, electricity, gas, coke, oil, nuclear fuel, chemicals, synthetic fibers, wood and paper products, machinery, earthenware and ceramics, textiles, electrical and optical equipment, monitors and projectors, rubber products, food and beverages, pharmaceuticals.
Imports of Slovakia consist of energy, petroleum oils, natural gas, cars and vehicles, electric conductors, consumer goods.
Primary trading partners of Slovakia are Austria, Germany, United Kingdom, Hungary, Poland, Czech Republic, Romania, China, Poland, Turkey, USA, China, France, South Korea and Vietnam.
International business expands to Slovakia and incorporates a company in Slovakia primarily for:
Restricted for foreign entrepreneurs are the following sectors:
- manufacturing
- wholesale and retail trade
- industry
- tourism
- financial services
- ICT.
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- television
- telecommunications and radio
- air transport
- postal services.
- Corporate income tax - Standard tax rate 21%. A lower corporate income tax rate of 15% applies if annual revenue does not exceed EUR 49,790. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - Standard tax rate 0%
- Interest withholding tax - Standard tax rate 19%
- Royalties withholding tax - Standard tax rate 19%
- Capital gains tax - 21%
- VAT - Standard tax rate 20% or reduced rates from 0% up to 10% or tax exempt. Tax returns are filed on a monthly or a quarterly basis
- Personal income tax - from 19% up to 25%.
Apart from such traditional business entity types as a limited liability company (Spoločnosť s ručením obmedzeným - s.r.o.) and a public limited company (Akciová spoločnosť - a.s.), corporate law in Slovakia offers to establish a business as:
1. General partnership (Verejná obchodná spoločnosť - v.o.s.)
2. Limited partnership (Komanditná spoločnosť - k.s.)
3. European company (Societas Europaea)
4. Branch office (Pobočka)
To receive a detailed description of the company formation procedure in Slovakia and information about documents necessary for company formation in Slovakia please contact our experts.
1. General partnership (Verejná obchodná spoločnosť - v.o.s.)
2. Limited partnership (Komanditná spoločnosť - k.s.)
3. European company (Societas Europaea)
4. Branch office (Pobočka)
To receive a detailed description of the company formation procedure in Slovakia and information about documents necessary for company formation in Slovakia please contact our experts.
Send a request for company formation in Slovakia
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Phone: +44 20 8157 4037
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London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
