Slovakia

Click on each topic for more information
:

DOING BUSINESS

 


Local business incentives - Legal forms of companies - Registration and licensing procedures - Legal framework - Foreign exchange control - Regulations concerning equity investment - FDI inflows - Expertise of the political risk

Local business incentives

In Slovakia, there are companies that help for the development of companies having a foreign capital part. The National Agency for the development of small and medium-sized companies, located in Bratislava, helps companies to develop their activities in Slovakia. This company acts as part of the PHARE Programme in order to increase the development of Eastern countries. These aids are mainly interesting rates credit guarantees. The Slovak government also provides with information through its Investment Development Agency.

 

Legal forms of companies

Form Number of partners/shareholders Minimum and/or maximum capital Liability Registration fee Release of financial documents
Spolocnost rucenim obmedzenym is a Private Limited Company 1 to several partners, maximum 50 SKK 200,000.
In case there is only one member, the whole capital must be paid. Otherwise, 30% of the capital (minimum SKK 50,000) must be paid.
Liability is limited to the amount of capital contributed. SKK 3,000 No
Public limited company No minimum. SKK 1,000,000 (10% must be released at the constitution) Liability is limited to the amount of capital contributed. SKK 10,000 Yes
Verejna obchodna spolocnost is a general partnership Minimum 2 partners No minimum capital. Liability is unlimited SKK 3,000 No
Komanditna spolocnost is a limited partnership No minimum. No minimum capital. Liability is limited for some partners and unlimited for others. SKK 3,000 No
The co-operative Minimum 5 legal entities. Minimum 2 individual entities. Minimum SKK 50,000 Liability is limited for some partners and unlimited for others. SKK 3,000 No

Registration and licensing procedures
The registration formalities are as follows:
-Drawing up of status (in Slovak; signed by the founders, executed and authenticated by a notary for a sole proprietorship).
-Request of a certificate or a setting up license if necessary.
-Opening of a bank account in Slovakia.
-Request of registration with the Trade Register of the chamber of commerce and industry, with all the required documents (translated into Slovak and legalized by the Slovak's competent consular services).
-Presentation of a Trade Register certificate to the Slovak bank that will act as local bank.
-Notification of the company's constitution to the tax office and request of a tax identification number.
-Notification to the security services.

Foreign exchange control
On October 1st 1995, Slovakia established the free conversion of the SKK for current transactions. Free repatriation of profits and capital is carried out.

Regulations concerning equity investment
A majority holding interest in stock of a local company is legal in Slovakia.  


Foreign Direct Investment inflows in Slovakia

FDI inflows 2003 2004 2005 World rank (*)
2005
FDI inflows (USD million) 756 1261 1 908 60/141
Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index. It is a measure of the extend to which a host country receives inward FDI relative to its economic size. It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

 

Last modified in 2006 - ongoing update
Export Entreprises©, All rights reserved