1. Why Slovakia?
Because the tax burden is significantly lower, a wide range of tax base reduction items, even one person can start a business, low company maintenance costs, the official currency is the euro, a simpler and more
transparent tax system than in neighboring countries, electronic communication with authorities, 10% and 20% VAT, fully deductible VAT on the purchase price of the vehicle and on fuels...
2. What do we need to start (establish) a company in Slovakia?
First of all, one personal consultation, which is free of charge, documents (which we prepare), personal data of partners, in the case of foreign members also an extract from the criminal record, if the partner is a legal
entity, we can ensure), the choice of company name and objects of business, statement of payment of registered capital, choice of registered office (we can also help with this).
What you don’t need: Slovak citizenship, deposit capital into a bank account, look for a manager separately, as a partner can also be a manager.
3. How long does it take to start a company?
The establishment of the company largely depends on the legal form of the company. As we use electronic communication with the authorities if the company has the core business process from the establishment of the
company to the entry in the Commercial Register takes up to max. 15 days. Special activities that require special permission (eg jewelry shop, pyrotechnics, massage, wellness services, guides, travel agencies, currency
exchange, language schools, etc.), This may take another day or two.
4. Is there a minimum number of employees for the company?
The minimum number of employees in Slovakia has not yet been set, but rather depends on the size and size scope of the company. For example, when operating a transport company, it is assumed that drivers are needed,
but their minimum number is not regulated.
5. Is it necessary to employ a manager (CEO) or partner in a company?
It is neither compulsory nor necessary to employ a manager or partner (shareholder). The activity can be performed for a fee or free of charge - in which case you can also avoid paying the levy. If the manager is not
employed but is regularly remunerated, he is obliged to pay contributions as if he were an employee. The rate of this contribution may be significantly reduced if the remuneration is not regular but random, for example, once a
year or quarterly, and so on.
6. How many types of business can a company have?
The number of these activities, i. e range and quantity are not regulated.
7. One person how many Ltd. (s.r.o.) can own, respectively can be a member?
An individual can only be listed in 3 ltd. If a company has more than one partner, this is not limited. A company with one person (partner) cannot be the sole founder or partner of another company. In the case of several
founders or members, this ceiling is also not restricted.
8. How often should I declare VAT?
By the 25th day of the following month or quarter concerned; i.e. every month or quarter. If this day falls on a weekend or holiday, this 25th day will be shifted to the next business day and VAT will be due no later than that
9. How can I become a quarterly VAT payer?
Since each person starts as a monthly VAT payer, 'quarterly paying' is just an option and does not happen automatically. To this purpose, two requirements must be met: 12 months have elapsed since the date of VAT
registration and during that period the turnover must not exceed EUR 100 000. Once the 'quarterly pay' conditions are met, it will apply from the first day of the following quarter, but the turnover condition must be maintained
for the last 12 months. You do not need to request this change, you just need to notify the tax authority.
10. Can multiple registered companies have the same registered
Yes, their number is not regulated.