Slovakia Company Formation

Slovakia Company Formation: discover what only the top, expert business services lawyer in Slovakia know about slovakia company formation

In general, Slovakia is considered to be a country with a substantial business environment, and a foreign investor will find a myriad of potential business options.

The income tax rates are considered favourable, being 15% for legal entities, if the income (revenues) of the legal entity for the tax period does not exceed € 100,000 and 21%, if the income (revenues) of the legal entity for the tax period exceeds € 100,000.

The most common type of entrepreneurship in Slovakia is the Limited liability Company (Ltd.)

Over the last number of years, there have been some significant changes made in the process of establishing a company. The registration of a new company is now made solely electronically and must be signed by a verified and qualified electronic signature. Meaning that if you are a foreigner, you will typically need to appoint a lawyer to establish a company for you.  The entire process of establishment takes approximately 2 weeks after the lawyer receives all of the necessary documentation.

The establishment of a company by any foreigner is practically without restrictions, as every person has the same right to establish a company as a citizen of the Slovak Republic. However, it should be noted that, when the statutory organ of a company is a person who is not a citizen of the EU it is necessary to obtain certain confirmations and permits. These must be provided with an apostille and an official translation into the Slovak language.

In order for a company to properly do business in Slovakia, it must confirm in which sector it will do business and report necessary activities. For most activities it is not necessary to meet any other criteria, but there are some specific activities where it will be required to prove experience or professional competence.

Your chosen business name must be unique and non-interchangeable, otherwise the registration court will refuse to execute the registration into the Slovakian Registry of Commerce. You can easily check whether the name you have chosen for your company is available via the portal www.orsr.sk. At the same website, you can view and general company data including general data on shareholders and managing directors

After the successful establishment of a company, there is an automatic activation of the electronic mailbox set up by the government for legal entities.

Newly established companies have 10 days from registration in the Register of Commerce before the government automatically activates their electronic mailbox. In practice, in order to be able to ensure the functioning of the electronic mailbox used for communication mainly with state institutions, it is recommended that the function of the statutory body is also performed by, for example, a citizen of the Slovak Republic, through which the  communication via electronic mailbox will be ensured. However, there is also the option to log in with alternative authenticators.

If your company does not need an office or premises, you can secure the place of residency of your company in the form of virtual residency. Several companies provide this service and also some additional services.

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Testimonials for our Company Formation service
  • Frederik Otte
    Frederik Otte, Málaga

    Very satisfied with the service provided. Angela is bilingual and speaks English perfectly.


    Sep 25, 2020
  • Eugene Mitton
    Eugene Mitton, Italy

    Ilaria is an excellent accountant and she made starting a business in Italy very easy for us. She helped us navigate the complexities of Italian company law, and she proactively gets in touch with us with suggestions, advice on new government rules or support, and other advice that we need. I highly recommend using Ilaria's services.


    Jun 02, 2020
  • Oscar Evans
    Oscar Evans, Lisbon

    As I don't speak the Portugees I have to say that Leonel have been absolutely exceptional and professional in all areas.


    Not only was he adding value to our business he also took a lot of his personal time explaining other things that have helped me and my company. I will highly recommend him to my other business partners who will open accounts in Portugal and for myself on my next ventures.


    Everything was a 5-star treatment from Leonel!


    Mar 23, 2020
  • Lucio Mesquita
    Lucio Mesquita, Malaga

    Mr Miguel Prieto from advocate abroad was very prompt and helpful during my interactions with him.


    Feb 14, 2020
  • Maryna Shapovalova
    Maryna Shapovalova , Lisbon

    I like all details of cooperation: honesty, smart solutions, fast and very smart solutions, fair prices and professional staff. Everything was perfect.


    Oct 25, 2019
  • Monica Chitnis
    Monica Chitnis, Barcelona

    Raffaele went out of his way to make sure I solved all my problems in the most cost-effective way possible. He also takes full responsibility for doing a great job and making sure the client is happy.


    Aug 26, 2019
  • Bryan Wilson
    Bryan Wilson, Mallorca

    Rosa has been an absolute Godsend and without her I would have struggled to set up my Mallorcan company.


    She has always delivered with any project that I have instructed her services on and I would highly recommend her.


    Apr 03, 2019
  • Andrea OMahony
    Andrea Omahony, Murcia

    Inma was fabulous. She was extremely professional and she answered any questions efficiently and accurately.


    Apr 01, 2019
  • Lara
    Lara, Turin

    My contact in Italy, Ilaria, was SO helpful and responsive. 100%recommend


    Jan 04, 2019
  • Nick Nicolaou
    Nick Nicolaou, Oviedo

    Very Satisfied with Miguel's work. He was very helpful and we would definitely use his services again in the future.


    Feb 20, 2018
  • Gavin Jones
    Gavin Jones, UK

    It was a real pleasure to have Miguel working on my behalf to file my non-resident taxes. He was extremely helpful, gave reassuring advice and I had a high level of confidence in the transactions.


    Miguel is now acting as my fiscal representative in Spain and I plan to continue to use his firm's services for all my tax requirements.


    Feb 19, 2018
  • Alan Villarreal
    Alan Villarreal, Banyoles

    Very satisfied with Anna's work. She is bilingual and was extremely helpful. Will definitely use her services in the future.


    Dec 15, 2017
  • Anthony Bennett
    Anthony Bennett, Barcelona

    Anna provided the best possible solution for me in my situation, and helped out as much as she possibly could.


    I would recommend her services to anybody seeking legal or financial advice.


    Oct 19, 2017
  • Robert Toth
    Robert Toth, Ireland

    Anna was very, very helpful, always happy to assist and also approachable and professional.


    I was very satisfied with the legal services.


    Feb 09, 2017
  • LP
    LP, Tenerife

    We used Rossana’s services multiple times after the first contact. She is always there when we need support, even for things that are not directly related with the services she was in charge of.


    Her charges are always very reasonable.


    Dec 06, 2016
  • P.T.
    P.T., Benalmadena

    All tax returns are handled online, so I don't need to go anywhere to accomplish my tax obligations in Spain. Although the service is provided mainly by internet, Jaime met me when necessary, and I can always contact quickly him or his team by phone, email, skype and even whatsapp.


    Jaime and his team have been really helpful during the setting-up process of my business.


    Jan 15, 2015
  • Hanna
    Hanna, Tarragona

    Since I am a foreigner, I can’t speak Spainish. My law firm provided me two lawyers – one speaks English very well and the other one is the expert in my case.


    They answered me very quickly, and handle my case in a very efficient way. Cannot find a better lawyer in Tarragona.


    Mar 29, 2014