Slovakia

A country that is at the top of the infamous list of the most corrupt countries for 2017. In recent years, corporate tax here has risen to the highest level of the V4 countries, at 22 percent. Despite all that, it is a country that has better conditions for foreigners to start a business than the Czech Republic and Ukraine. The Slovak Republic creates even better conditions for budding entrepreneurs like Belgium or Russia. Welcome to a landscape full of extremes and contrasts, a landscape where „hand washes hand“. Welcome to Slovakia!

Do you want to do business in Slovakia? in a country where companies like Eset and Sygic have grown in recent years? Are you wondering whether Slovakia is a suitable country for starting your business? Is it worth investing in this country and expecting a return on funds?

Advantages of establishing a company and doing business in Slovakia

• Lower tax burden on entrepreneurs and lower labor costs. An entrepreneur – a natural person, for example, does not have to pay contributions to the social insurance company in the first year of business.
• Simplicity of property transfers, insolvency legislation or easier access to credit.
• Cheap labor.
• The euro currency, which Slovaks have been paying since 2009. Then you don't have to deal with the exchange rate and its fluctuations against other currencies
• Growth of the economy and population consumption. The economy is driven by cheap mortgages and a drop in unemployment.

Disadvantages of doing business in Slovakia

• Taxes, obtaining building permits and protection of minority investors remain problematic for entrepreneurs.
• Inefficient public administration, corruption, restrictive labor laws and high taxes.
• Unpleasant officials and the lengthy process of establishing a company.
• Taxes, levies, corruption and almost zero anonymity.

And what if we tell you that the World Bank recommends doing business in Slovakia more than in the Czech Republic, Belgium or Italy?

• cheap and qualified labor force
• low competition
• long-term GDP growth
• strategic location

These are the main competitive advantages of Slovakia compared to Western European countries such as Austria or France. Think of Slovakia as a market that has many small options with less competition.

The business environment in Slovakia is still characterized by a lower level of willingness to take risks. This is where your advantage lies! The key to success is not being afraid to burn out. Companies like Sygic and Eset that grew up here know this.

„Success in life does not depend on the circumstances we have, it DEPENDS on the choices we make.“

Decide with us for a company in Slovakia. We tailor the company to your needs and what's more, we also offer ready-made companies that are just waiting for you.

"In business, you get either money or experience. Take the experience and the money will come.”

Allow us to share with you our many years of experience in doing business in Slovakia. we will be happy to help you with the establishment and subsequent management of the company.

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