Opening a Company in Slovakia
Slovakia continues to improve its business environment every year, allowing any foreign citizen to register an s.r.o. (limited liability company) without the need for a residence permit. However, to open a živnosť (sole proprietorship), a residence permit is required unless you are a citizen of an EU or OECD member country. Slovakia offers numerous opportunities for foreign entrepreneurs and investors, but it is essential to understand the processes involved in business registration and consider seeking professional assistance.
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Why should you contact us?
If you plan to start a business in Slovakia and are unsure how to register a company in this country, don’t hesitate to contact our professionals. You can save your time by avoiding bureaucratic procedures. Entrust the routine work to us and preserve your valuable time, energy, and peace of mind. Within the agreed timeframe, our team will prepare all necessary documents. Our consulting bureau has earned a well-deserved impeccable reputation, so you can fully trust us. We will assist in resolving any issues, including company registration in Slovakia. Consultations on immigration, obtaining or renewing a residence permit, accounting services, and more are also available.
Both citizens and non-residents can open their own company in Slovakia. We stay updated on legislative changes and are fully aware of the intricacies of the process, ready to share our expertise. Our lawyers are prepared to provide you with detailed consultations regarding all aspects of opening and running a business. To register a company in Slovakia without complications or additional costs, contact us today.
We have the best specialists who are recognized experts in business immigration. They guarantee a full range of services for registering and re-registering companies in Slovakia and provide consultations on business establishment. With us, you can access accounting, legal, and tax services, as well as comprehensive solutions for any business. The expert qualifications of our staff allow us to handle even the most complex tasks for our clients. Rest assured, with our help, you will receive optimal solutions for your needs promptly, effectively, and economically.
Discover new opportunities for a high-quality life in a promising European country. With our assistance, you can be confident that the registration of your company in Slovakia will be successful and quick.
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Frequently Asked Questions
Citizens of EU countries, as well as foreigners with temporary or permanent residence permits, have the right to start a company in Slovakia. If a migrant doesn’t have the required status, they have the right to apply for a permit specifically for entrepreneurial activity.
All About Company Registration in Slovakia
Business registration varies depending on the chosen form of organization, whether it is a private enterprise or a company. In most cases, a trade license (Živnostenské oprávnění) is required, as well as registration in the official Trade Register (Obchodný register). It gives businesses significant advantages. Slovakia offers access to the EU single market, competitive and stable taxation, political stability, and sustainable economic growth.
Who is Eligible to Start a Company in Slovakia?
Anyone who meets the criteria can perform a company registration in Slovakia. These requirements are as follows:
- be at least 18 years of age;
- have full legal capacity;
- have no criminal record related to the future field of activity.
In certain sectors, additional proof of professional competence is required, such as a diploma or work experience. Entrepreneurs, especially those operating as sole proprietors, are liable with all their assets and must comply with the provisions of the Trade Act: conduct business in good faith, pay taxes and fees, and ensure that employees’ qualifications match their duties, even if business is transferred to a representative.
Forms of Business Organization
Entrepreneurs can choose from various forms of business, each with its own characteristics. Options include commercial companies (limited liability companies and joint stock companies), partnerships (limited and public), cooperatives, and sole proprietorships.
Limited liability companies are the most popular choice. They are considered convenient and accessible. The company registration in Slovakia also includes opening a bank account, which can be done either within the country or abroad. The registration period depends on the method of submitting documents and usually takes four weeks or more.
Steps for Opening a Company in Slovakia
Starting a company in Slovakia requires preparation and compliance with established regulations. Applicants residing abroad can conduct business through representatives and register a company remotely. The main steps include:
- Selecting and verifying a unique name in the Trade Register.
- Determining the organizational and legal form and legal address.
- Applying to the Trade Licensing Office and submitting an application for Živnostenské oprávnenie.
- Obtaining a trade license after verification of documents.
- Registering the business in the Trade Register.
- Fulfilling post-registration obligations – registering with the tax office, registering employees with health and social insurance funds, and opening a bank account.
The company name must be unique and not misleading, and the legal address must be confirmed by proof of ownership or a lease agreement. A trading license is usually issued within 3 days. Registration in the registry takes about 2 business days. That is why company registration in Slovakia is perceived as a clear and structured procedure that can be entrusted to specialists if necessary.