Company formation in Slovakia

Slovakia, as a member of the EU and NATO, boasts a robust industrial economy driven by sectors such as diversified agriculture, automotive manufacturing, and foreign trade. Starting a company in Slovakia offers numerous benefits, including favorable tax treatment, access to investment incentives, liberal business laws, the opportunity for entrepreneurs to obtain residence permits, making it an appealing destination for business ventures.

Manimama ensures a seamless company registration process in Slovakia. Trust us to provide expert guidance and support, so your business can thrive from day one in Slovakia. Start your journey with confidence, knowing you have the best team by your side.

Slovakia

Legal Opinion about Slovakia as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama, CEO

"Slovakia is recognized as a favorable jurisdiction for company formation due to its stable legal framework within the European Union. The country offers transparent business regulations, enabling straightforward company registration processes and operational clarity for entrepreneurs. Additionally, Slovakia's membership in the EU provides businesses with access to a large market and regulatory harmonization benefits. These factors, combined with a supportive business environment and various incentives for foreign investors, make Slovakia an attractive choice for establishing and operating companies within Europe".

Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

€3,500

  • Company formation in Slovakia
  • Opening a bank account
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Additional services

€1,000

  • Registered address for 1 year
  • VAT registration
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Documents

€600

  • Apostille corporate documents (Certificate of incorporation and Articles of Association)
  • Document delivery
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Key Numbers about Slovakia as a Jurisdiction for Company Formation

4 weeks

average term of company formation

аt least 1

shareholder in the company

аt least 1

director in the company

21%

corporate income tax (CIT) rate

19/25%

personal income tax (PIT) rate

20%

value-added tax (VAT) rate

Set up Your Company in Slovakia in Several Steps

Step 1. Initial Setup

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration

  • Choosing a trade name in the Slovak Commercial Register
  • Choosing a registered office
  • Choosing a line of business (in order to carry out the company’s line of business, you need to obtain a trade authorisation to be issued by the Trade Licensing Office)
  • Designation of executive directors and an administrator of contributions
  • Preparing incorporation documents
  • At least 30% from each contribution of the shareholder, but altogether at least 50% of the minimum registered capital must be paid before the application for the registration of the company is filed with the Slovak Commercial Register
  • Registering a company
  • Registration in the local tax authority

Requirements for Company Formation in Slovakia

Before deciding to set up a new company in Slovakia, read the information below to understand the characteristics of a Limited liability Company / Spoločnosť s ručením obmedzeným (S.R.O.):

Shareholders: at least one shareholder with any citizenship.

Director: at least one director that must be a citizen of the EU or OECD.

Company Secretary: not required.

Minimum Share Capital: where the company has several members, the minimum amount of contributions per member shall be € 750 and the company's minimum registered capital (total contributions of all members) shall constitute € 5,000; the contribution may also be a non-capital contribution (a real estate, claim, know-how, patent), in which case it is necessary to provide an expert opinion certifying that the value of the non-capital contribution corresponds to the value of the pledged contribution to the company's assets.

Liability: a company has limited liability only for its assets and share capital.

Accounting: tax returns along with the financial statements must be submitted annually within three months after the end of the financial year.

Taxes in Slovakia

Corporate income tax (CIT)

The basic CIT rate is 21%.

15% is the reduced CIT rate for taxpayers with taxable income not exceeding € 60,000 per tax period.



Personal income tax (PIT)

The standard PIT rate is 19%

If the income exceeds the amount of €38,553 the exceeding part will be taxed at the rate of 25%.



Value-added tax (VAT)

The standard VAT rate is 20%.



Reduced VAT rates:

  • 0% on the export of goods and services, and intra-community supplies of goods under some conditions;
  • 5% on rental housing;
  • 10% on limited goods and services.

Double taxation avoidance agreements in Slovakia: Albania, Armenia, Australia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Kazakhstan, Kuwait, Korea, Latvia, Libya, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Moldova, Montenegro, Netherlands, Nigeria, North Macedonia, Norway, Oman, Poland, Portugal, Romania, Russia, Serbia, Singapore, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syria, Taiwan, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, USA, Uzbekistan, Vietnam.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Slovakia:

Expertise in Slovak Regulations

  • 1. Manimama has an in-depth understanding of Slovak legal and regulatory framework.
  • 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

  • 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
  • 2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

  • 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
  • 2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

  • 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
  • 2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

  • 1. We have established strong relationships with local authorities, banks, and service providers.
  • 2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

  • 1. We provide continuous support to ensure your business remains compliant with Slovak laws.
  • 2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

  • What is the most popular type of company in Slovakia?
    The most popular type of company in Slovakia is a Limited Liability Company (s.r.o.).
  • What is the minimum share capital for an s.r.o. in Slovakia?
    The minimum share capital is € 5,000.
  • Are there any restrictions on foreign ownership of companies in Slovakia?
    No, there are no restrictions on foreign ownership; foreigners can own 100% of a Slovak company.
  • What are the corporate tax rates in Slovakia?
    The corporate income tax rate in Slovakia is 21%.
  • Are there any double taxation treaties in place?
    Yes, Slovakia has double taxation treaties with many countries.
  • What are the benefits of setting up a company in Slovakia?
    Benefits include a favorable tax regime, strategic location within the EU, access to EU markets, and various investment incentives.
  • What is the VAT rate in Slovakia?
    The standard VAT rate in Slovakia is 20%.

Client Feedbacks

"I loved how Manimama put our business needs first. Their client-focused approach made the whole process feel collaborative".

"Manimama was efficient and avoided unnecessary costs. I was impressed by their commitment to value".

"Manimama had the expertise to guide us confidently".

Manimama as the Best Solution for Your Company Formation in Slovakia

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Slovakia, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Slovakia and pave the way for your business success.

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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.