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Slovakia - DOING BUSINESS |
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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.
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Legal forms of companies
| Form |
Number of partners/shareholders |
Minimum and/or maximum capital |
Liability |
Registration fee |
Release of financial documents |
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Spolocnost rucenim obmedzenym is a Private Limited Company
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1 to several partners, maximum 50
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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.
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Liability is limited to the amount of capital contributed.
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SKK 3,000
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No
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Public limited company
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No minimum.
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SKK 1,000,000 (10% must be released at the constitution)
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Liability is limited to the amount of capital contributed.
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SKK 10,000
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Yes
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Verejna obchodna spolocnost is a general partnership
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Minimum 2 partners
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No minimum capital.
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Liability is unlimited
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SKK 3,000
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No
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Komanditna spolocnost is a limited partnership
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No minimum.
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No minimum capital.
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Liability is limited for some partners and unlimited for others.
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SKK 3,000
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No
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The co-operative
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Minimum 5 legal entities. Minimum 2 individual entities.
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Minimum SKK 50,000
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Liability is limited for some partners and unlimited for others.
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SKK 3,000
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No
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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.
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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.
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Regulations concerning equity investment
A majority holding interest in stock of a local company is legal in Slovakia.
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FDI inflows in Slovakia
| FDI inflows (millions US$) |
2000 |
2001 |
2002 |
World rank |
| Foreign Direct Investments (F.D.I.) |
4094
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669
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1122
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55
/ 196 |
| Sources : UNCTAD Database FDI/TNC |
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Last modified in
December 2003
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