Do You Need a Local Slovak Partner to Open a Business as a Foreigner

Slovakia is open to foreign entrepreneurs. Here, you can register a business and enter the European market. The question of having a Slovak citizen as a partner often comes up. It all depends on the chosen form of company registration in Slovakia and the legal requirements.

Features of Business Registration

Foreign entrepreneurs in Slovakia operate under the same conditions as local companies. They can establish an s.r.o. or another type of business without the involvement of a Slovak citizen.

The company must be registered in the Commercial Register. Certain types of activities require a business license or special permit. After registration, the business is required to maintain accounting records and fulfill its tax obligations.

For regulated professions, the law imposes additional requirements. Sometimes a qualified or experienced responsible representative is required. This person is responsible for ensuring regulatory compliance but does not hold a stake in the company.

In practice, entrepreneurs often turn to lawyers and accountants. This speeds up the registration process and helps avoid mistakes. Such assistance is advisory in nature and does not require transferring a share of the business to a local partner.

When Do You Need a Qualified Partner?

Regulated fields include construction work, certain types of repair and maintenance, medical and pharmaceutical services, security services, and other professions that require proof of qualifications.

A responsible representative may be a Slovak citizen or a foreign national, provided they meet the requirements of the law. They do not become a founder or co-owner of the company. Their role is to ensure that the professional requirements for the chosen activity are met. If the entrepreneur themselves possesses the necessary qualifications and verifies them in accordance with the law, they are entitled to perform the duties of a responsible representative independently.