Why You Need a Legal Specialist When Moving and Doing Business in Slovakia

Moving to a country and starting a business there involve several areas of law, including immigration, company registration, taxes, labor relations, and contracts. For foreigners, the rules depend on their citizenship, type of residence permit, and nature of their business activities. Seeking the assistance of a lawyer in Slovakia will help you verify the requirements and give you greater peace of mind.

What Is the Legal Route Available?

Determining the basis for residence is one of the first tasks when moving. For citizens of non-EU countries, the type of temporary residence permit is important. The permit is issued for a specific purpose, and a new application is required if the nature of one’s activities changes.

This is especially crucial for those planning to start a business. A temporary residence permit for entrepreneurial purposes requires proof of:

• personal financial resources;
• sufficient funds to support future business activities;
• an amount that depends on the type of business.

A lawyer can help you choose the correct basis for your residence permit. This could be employment, entrepreneurship, study, family circumstances, or another purpose. This is helpful if you plan to change your status in the future, since changing the purpose of your temporary residence requires submitting a new application with supporting documents.

How Can a Lawyer Help When Starting a Business?

Registering a business requires selecting a legal form and line of business. Foreigners may operate as individuals, through a company, or as a branch of a foreign organization. The government portal confirms the right to conduct business in accordance with local laws.

To work as a sole proprietor, you need a živnostenské oprávnenie. Types of activities are divided into unrestricted, craft-based, and regulated. Some fields require proof of qualifications. Once all required documents have been submitted, the permit is issued within three business days.