GSL / Offshore and International Law / Offshore zones / Eastern Europe / Slovakia / Legislation of Slovakia

Legislation of Slovakia

Service packages Legislation Tax System

List of laws and regulations

Act name
Scope of law
income tax
VAT
duty stamps
excise duty on mineral oil
excise duty on alcoholic beverages
excise duty on tobacco products
excise duty on electricity, coal and natural gas
customs duties
accounting
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Tax treaties entered

Armenia
Australia
Austria
Barbados
Belarus
Belgium
Bosnia and Herzegovina
Brazil
Bulgaria
Canada
China
Chinese Taipei
Croatia
Cyprus
Czech Republic
Denmark
Egypt
Estonia
Ethiopia
Finland
Former Yugoslav Republic of Macedonia
France
Georgia
Germany
Greece
Hungary
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Japan
Kazakhstan
Korea (Republic of)
Kuwait
Latvia
Libya
Lithuania
Luxembourg
Malta
Mexico
Moldova (Republic of)
Montenegro
Netherlands
Nigeria
Norway
Poland
Portugal
Romania
Russian Federation
Serbia
Singapore
Slovenia
South Africa
Spain
Sri Lanka
Sweden
Switzerland
Syrian Arab Republic
Tunisia
Turkey
Turkmenistan
Ukraine
United Arab Emirates
United Kingdom
United States
Uzbekistan
Viet nam

Tax Exchange Information Agreement (TIEA)

Guernsey

List of state regulatory authorities

Ministry of Foreign Affairs
Ministry of Finance
Social Insurance Agency
Slovakia Investment and Trade Development Agency
National Bank of Slovakia

Corporate info

Legal system
civil law
Types of entity
sole proprietorship, general partnership, limited partnership, limited liability company, joint-stock company, cooperative, branch of a foreign company
Shelf companies permitted
Yes
Incorporation timescale for a new company
5 days
Company suffix
společnost s ručením obmedzeným" or "spol. s r.o." or "s.r.o."
Sensitive words
inadmissible expressions (e.g. those promoting fascism, vulgar terms, etc.).
Cyrillic alphabet permitted in company name
No
Local registered office
Yes
Local registered agent
No
Information to be kept at the registered office
No requirements
Seal required, type of seal
not required
Redomiciliation (to, from) permitted
permitted

Director and secretary

Minimum number of directors
1
Residency requirements for directors
Yes (resident of the EU or OECD country)
Corporate directors permitted
No
Directors’ meetings/frequency/location
Yes / annually / no requirements
Disclosure to local agent
Yes
Disclosure to public
Yes
Company secretary required
Нет
Residency requirements for a secretary
Нет
Qualified secretary required
No
Corporate secretary permitted
No

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
Yes / annually / no requirements
Disclosure to local agent
Yes
Disclosure to public
Yes
Beneficiary info disclosure to
No

Shares and share capital

Minimum authorized share capital
5000
Minimum issued share capital
5000
Minimum paid share capital
5000
Authorized capital payment deadlines
100% before registration (if there is only 1 shareholder); 50% (if there is more than 1 shareholder), the rest 50% - within 5 years
Issued capital payment deadlines
Standard currency
EUR
Standard authorized share capital
5000
Standard par value of shares
No
Shares with no par value permitted
No
Bearer shares permitted
No

Taxes

Personal tax
19-25%
Min. rate for corporate tax
21%
Corporate tax (in detail)
The standard income tax rate is 21%. A reduced rate of 15% is set for companies with revenues of up to 100.000 euro
Capital gains tax
Regular rate
Capital gains tax. Details
Capital gains are included in corporate tax base
VAT
20%
VAT. Details
The standard VAT rate is 20%. A reduced rate of 10% applies to certain goods and services
Withholding tax
0%/19%/19%
Other taxes
Social contributions, Real estate tax
Exchange control
No
Government fee
Stamp duty

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
Yes
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
No
Audit required
No

General information shortly

Location
Central Europe
Total area
49.035 sq.km
Population
5.449.176 (2019)
Capital
Bratislava
National currency
Euro
Conditional reduction of currency
EUR
Against USD
0.93 (2022)
Climate, average max and min t°
Ttemperate; cool summers; cold, cloudy, humid winters; avg. maximum temperature (July) +24°; avg. minimum temperature (January) -4°
Time difference from Moscow
- 1 hour
Dialing code
+421
State language
Slovak
Ethnic groups
Slovak 80.7%, Hungarians 8.5%, Roma 2%, Czechs 0.6%, Rusyns 0.6%, others 7%
Literacy rate
99%
History
The Slavic tribes settled at the territories of Slovakia in the 5th century. The Great Moravian Empire achieved the high level of prosperity. Later these territories were annexed by Hungary in the 11th century. The Ottoman Empire conquered the greatest part of Hungary. Other territories including Slovakia were led by the Austrian Habsburg Monarchs. The 13th century in Slovakia is the period of revival after the prolonged struggle between the nobles and Emperor. Slovakia was part of Austria-Hungary until it was proclaimed independent in 1918. Later it joined Czechoslovakia. In 1938 Slovakia proclaimed its autonomy as part of Czechoslovakia. Next year the First Slovak Republic was formed which was strongly influenced by Germany. In 1945 Slovakia became part of Czechoslovakia again. In 1969 the Slovak Socialist Republic was formed in Czechoslovakia. Finally, Slovakia proclaimed its independence in 1993. Since 2004 Slovakia is a member of NATO and the EU.
Credit rating
A+
Government type
Parliamentary democracy
Executive branch
Cabinet of ministers headed by Prime Minister
Legislative branch
150-seat unicameral National Council of the Slovak Republic
Judicial branch
Constitutional Court; Supreme Court, regional courts, magistrate courts.
Unemployment
6,7% (2020)
GDP per capita rank
50 (2020)
Corruption perceptions index rank
52 (2021)

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