Employment in Slovakia for Ukrainians
Starting a business in Slovakia for a foreigner consists of the following steps:
1. Research and business idea. Conduct thorough market research to understand the demand for your product or service in Slovakia. Identify your target market, competitors, and potential challenges. Develop a solid business idea that meets the needs of the local market.
2. Legal structure. Choose the appropriate legal structure for your business, such as a sole proprietorship, partnership, limited liability company (s.r.o.) or branch.
3. Business plan. Create a comprehensive business plan that outlines your company's goals, target market, marketing strategies, financial projections, and operational details. A well-prepared business plan is essential for obtaining financing and guiding your business activities.
4. Business registration. Register your business with the relevant authorities. This includes obtaining a trade license, tax identification number, and registration in the Trade Register. Visit your district office or contact the Slovak Business Agency (SBA) for advice on the registration process.
Ways to submit an application for company registration in the Commercial Register:
- Electronically using the service “Application for registration, change or deletion of data in the Commercial Register”, for which you need to download the form (form 7 - available in Slovak only) from the website of the Ministry of Justice of the Slovak Republic and sign it with a qualified electronic signature. All attachments to the application must also be signed with a qualified electronic signature.
In this case, a 50% discount applies, i.e. the fee is 150 euros.
- Through a single point of contact - PSC.
If you apply for registration in the Commercial Register at the PSC, you can also apply for company registration at the Tax Office.
Conditions for registration
The founders (shareholders) of the company must not have any tax arrears or arrears in paying contributions to the Social Insurance Agency. The registration court will refuse to register a company if its founder is included in the list of debtors.
Deadlines
The period for registering a commercial company in the Commercial Register is 2 business days. Companies are entitled to start business activities from the date of registration in the Commercial Register.
I am a foreigner and I want to do business in the Slovak Republic. What other conditions must I fulfill?
The business activities of foreigners in the territory of the Slovak Republic are regulated by Act No. 513/1991 Coll. as amended - the Commercial Code. Foreigners may conduct business activities in the territory of the Slovak Republic under the same conditions and to the same extent as citizens of the Slovak Republic, unless otherwise provided by law.
Other conditions that entrepreneurs must meet are determined by law:
- Act No. 455/1991 of Coll,
- Law No. 431/2002 Coll,
- Act No. 595/2003 Coll. on income tax,
- Act No. 222/2004 Coll. on Value Added Tax, etc., from which the entrepreneur has different obligations.