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Registration of a company in Slovakia
- Price:from 4500 EUR
- Term:1 month
Slovakia is a stable European country, predisposed to attracting non-resident businessmen. The jurisdiction has created favorable conditions for international business, and will be beneficial for those interested in the EU market. A high level of confidentiality, obtaining a European residence permit and tax benefits are all undeniable advantages of this region. The business immigration program allows you not only to operate as a prestigious global player, but also in the future to obtain citizenship of the European Union.
Opening a company in Slovakia will be promising for trade with the EU, IT activities, international transportation, industrial business, tourism and services. Holdings are also popular in this country.
- identification of the client according to the KYC procedure
- registration procedures
- payment of the registration fee
- services of a legal address for a year
- obtaining a residence permit for the director
- obtaining a work permit for the director
- preparation of a package of corporate documents
- legal and tax advice
- one courier delivery
- verification of the company's compliance with all compliance and KYC criteria
- legal support of the company
- submission of an annual static report
- services of a legal address for a year
- legal and tax advice
- 1The jurisdiction has never appeared in offshore lists and did not have offshore status - Entering the trading markets of Europe and Switzerland - Income outside the country is not subject to local taxation - Non-residents are entitled to 100% ownership of a legal entity
- 2Entering the trading markets of Europe and Switzerland
- 3Income outside the country is not subject to local taxation
- 4Non-residents are entitled to 100% ownership of a legal entity
- 5Information on the real owners of the company is not publicly available
- 6Possibility to obtain a residence permit in a European country
Slovakia has a territorial principle of taxation. Thus, for non-residents, the rule applies that profits outside the country are exempt from taxation. Profits derived from activities within the jurisdiction are subject to taxation at the rate of 21% but if the company's profit is more than 5 million EUR, 24% is applied. A reduced rate of 10% is available for small companies with an annual income of up to 100 000 EUR.
- From 2024, companies must pay a minimum tax (or tax license) if the company has a tax loss or its tax liability is lower than the prescribed amounts of taxable annual income:
- - 340 EUR — for income up to 50 000 EUR;
- - 960 EUR — for income from 50 000 to 250 000 EUR;
- - 1920 EUR — for income from 250 000 to 500 000 EUR;
- - 3 840 EUR — for income over 500 000 EUR.
If the tax period of the company is less than 12 months, the tax is calculated proportionally. There are also exceptions and benefits for the minimum tax for newly established companies (in the first financial year, the tax license is not applicable), non-profit organizations, government institutions and in other special cases (in case of employment of disabled people, etc.).
Dividends are not taxable if paid within Slovakia. A rate of 7% is applied when paying abroad if there are double tax treaties with the country of the recipient.
As in most other European countries, in Slovakia you can register a sole proprietorship, a partnership (full or limited), a joint-stock company, a cooperative, a limited liability company, a representative office, a branch.
To conduct cross-border business, it is recommended to consider a limited liability company - SRO.
- Capital – the minimum amount is set at 5 000 EUR. It is formed before the incorporation procedure. 10% of the capital goes to the reserve fund.
- Shareholder – at least one private or corporate person of any residency.
- Director - at least one private person. Mandatory requirements for residency in Slovakia or the EU. Non-residents must apply for a residence permit and obtain a work permit.
- Secretary - the legislator does not require, if desired.
- The register of beneficiaries is closed, information is disclosed only to the competent authorities.
- Available information - about the name, legal address, amount of authorized capital, shareholder, director.
- Substance requirements - resident director. Office and staff are optional.
- Legal address - must be located in the country of registration.
All registered companies must report annually to the tax authorities on their financial position. Regardless of whether the operating activities were carried out, the preparation and submission of a financial report is mandatory. In addition, large companies are subject to an audit requirement if they meet any two of the following:
- turnover over 2 000 000 EUR/year;
- the value of assets exceeds 1 000 000 EUR;
- the working staff includes more than 30 people.
Non-resident companies annually submit to the Registrar a static report - Annual Return, as an update of basic information on the address, directors, shareholders, capital. If there were no changes in the company, this report confirms the relevance of the current data.
Obtaining a VAT number is mandatory for a company whose annual income from the sale of goods is more than 62 500 EUR. Registration as a VAT payer implies the conduct of real economic activity in the country. VAT taxpayers are also required to submit monthly tax returns by the 25th day of each month. The tax period can also be changed to a quarter.
- 3 desired company names
- description of directions for future work
- business plan
- national and foreign passports of the shareholder and director
- confirmation of the address of registration of the shareholder (for example, a utility bill receipt)
- confirmation of the director's registration address (eg utility bill)