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Advantages of incorporating a company in Slovakia

What are the advantages of incorporating a company in Slovakia

Benefits of registering a limited company in Slovakia

  • Full EU membership since 2004
  • Slovak companies enjoy full acceptance by complying with EU standards
  • Interesting holding structures possible 
  • Manageable start-up costs and costs for ongoing administration
  • Limitation of liability to the subscribed share capital
  • There is no minimum capital for the formation of a limited company
  • Only registered shares are allowed – but fiduciary solutions are possible
  • Banking secrecy for legal entities
  • No need to be a Slovak resident for a director
  • There are no problems with taking up residence/residence permits for EU citizens
  • A large number of DTAs (double taxation agreements)
  • Relatively low effective corporate tax rates of effectively 21%
  • Special Regime for Entrepreneurs and Micro Businesses of 15% up to a threshold of 49,790 €  
  • Income from patents, licenses, and interest is income is tax-free
  • Slovakia has strong economic growth and a stable legal situation
  • Alternative to Czechia or Poland 
  • Business bank accounts from various providers, including debit and credit cards and online banking.

Why should I register and manage a limited company in Slovakia through FIRSTADVISOR?

Working with us means that we will take care of the entire application process, including any necessary compliance, until the company is registered and receives its tax number. Furthermore, we support clients regarding banking applications. We know how to approach banks and can handle hurdles, thus having a high success rate. This is important as a company without a bank account doesn’t bring any benefits.

Our internationally experienced and highly qualified lawyers and tax advisors will review your company structure, existing management, and mandate contracts. We also offer a review of your contractual arrangements at home and abroad. In addition, our tax and accounting department will be pleased to take care of your bookkeeping and tax returns.

Remember – we offer company formations in Slovakia at a fixed price of 1.680,00 € net. Enjoy our fast, reliable, and competent approach in your native language (German, English, French, Czech, Slovak, Greek, Russian).

What you need to consider if relocating to Slovakia

A long-term stay in a country for more than 183 days will usually (and automatically lead)  to an unlimited tax liability for your world income. Some countries go even further and already assign this tax liability if you can permanently use your apartment (this can even be the room in your parent’s house or a regularly visited hotel), which you can access with your keys – known as “Schlüsselgewalt” in German-speaking countries. This rule establishes or maintains an unlimited Tax liability for your world income. If this subject interests you, you may learn more about it on our dedicated website for Taxation.

The often cited and, in general, used “183-Days-Rule” is not entirely correct. It can only be used to a limited extent, as few countries (Germany) consider a personal tax liability if one spends more than 183 days within the country in two consecutive years spanning two tax periods.

One can, therefore, only advise that people interested in relocating their place of residence not to rely on start-up agencies and other jokers – the pitfalls are too great, and sound advice is required. A few advisors (specialized lawyers, accountants) have studied tax law for years, and others do a weekend seminar or attend Google University – where do you feel better off?

What’s on offer on the internet is sometimes unbelievable. There is no point in having no tax residency/residence anywhere. If in doubt, you never gave up your original tax liability (in your country of birth) or are automatically subject to tax through your passport. 

If you have plans to form a company in Slovakia, you may also want to discuss a relocation. 

TOP Jurisdiction for EU Residence in Central-Europe

Slovakia, however, offers ideal conditions for a tax residence. To obtain a tax residence, one needs to stay more than 183 days in Slovakia. With close links to other European countries, good flight connections, and travel times of roughly two hours into the center of Europe, Slovakia is an ideal place to conduct business of any kind.

Of course, you cannot stay in any other (EU) country for more than 183 days, which would trigger an unlimited tax liability there. This concept is, therefore, not ideal for everyone who can live and work flexibly (e.g., digital nomads) and wants to stay abroad for several months in a calendar year.

You can rely on well-founded and legally sound advice if you come to us. Together, we will find your ideal life concept.

To receive a detailed offer or placing an order, please fill out the form down below for Company Formations and we will get back to you shortly!


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