The First Steps of Starting a Business in Slovakia as an Individual Entrepreneur
EU citizens and foreigners with a residence permit can register a company. For people without a residence permit, there is an option to obtain one specifically for business purposes. To turn your idea into reality, consider laws, taxes, and banking regulations. Find out how to do everything correctly, and to simplify each step, consult the professionals.
The Step-by-Step Process
In Slovakia, foreigners can establish a company after obtaining a business license and registering with the Commercial Register. Most often, they choose the S.R.O. legal form or register as sole proprietors.
Steps for establishing a company:
- The founding documents are prepared in advance.
- A legal address is established within the country.
- A license is obtained for the selected type of business activity.
- Capital is deposited into the company’s account.
- The application is submitted along with the registration fee.
- The DIČ number and, if necessary, the IČ DPH number are issued by the tax office.
The company is considered established on the date of entry into the registry. In addition to starting a new company, it is also possible to purchase an existing business. This option is convenient because the organization already has clients, partners, and a reputation, and the transaction is completed quickly.
Thus, starting a business in Slovakia is a straightforward process that allows foreigners to launch a firm within a few weeks - or even days - when purchasing an existing entity.
