Slovakia
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Operating a Business in Slovakia
Setting up a company | Working conditions | Cost of labor | Social partners
Setting up a company
Legal business entities
| Types of companies and capital (max/min) | Number of partners/shareholders and liability | Registration fees |
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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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Check the uniqueness of the proposed company name: EUR 3.3. Notarize articles of association and related documents: EUR 2.5 per signature including VAT. Apply for trade licenses, tax registration and health insurance: EUR 3.3 for standard license, EUR 16.5 for industries where special skills are needed, EUR 33 for special license, for each business activity. Open a bank account: EUR 16.5. Apply for registration at the County Registry Court: EUR 165-330. |
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Public limited company
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No minimum.
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Check the uniqueness of the proposed company name: EUR 3.3. Notarize articles of association and related documents: EUR 2.5 per signature including VAT. Apply for trade licenses, tax registration and health insurance: EUR 3.3 for standard license, EUR 16.5 for industries where special skills are needed, EUR 33 for special license, for each business activity. Open a bank account: EUR 16.5. Apply for registration at the County Registry Court: EUR 165-330. |
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Verejna obchodna spolocnost is a general partnership
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Minimum 2 partners
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Check the uniqueness of the proposed company name: EUR 3.3. Notarize articles of association and related documents: EUR 2.5 per signature including VAT. Apply for trade licenses, tax registration and health insurance: EUR 3.3 for standard license, EUR 16.5 for industries where special skills are needed, EUR 33 for special license, for each business activity. Open a bank account: EUR 16.5. Apply for registration at the County Registry Court: EUR 165-330. |
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Komanditna spolocnost is a limited partnership
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No minimum.
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Check the uniqueness of the proposed company name: EUR 3.3. Notarize articles of association and related documents: EUR 2.5 per signature including VAT. Apply for trade licenses, tax registration and health insurance: EUR 3.3 for standard license, EUR 16.5 for industries where special skills are needed, EUR 33 for special license, for each business activity. Open a bank account: EUR 16.5. Apply for registration at the County Registry Court: EUR 165-330. |
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The co-operative
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Minimum 5 legal entities. Minimum 2 individual entities.
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Check the uniqueness of the proposed company name: EUR 3.3. Notarize articles of association and related documents: EUR 2.5 per signature including VAT. Apply for trade licenses, tax registration and health insurance: EUR 3.3 for standard license, EUR 16.5 for industries where special skills are needed, EUR 33 for special license, for each business activity. Open a bank account: EUR 16.5. Apply for registration at the County Registry Court: EUR 165-330. |
- Business setup procedures
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The registration formalities are as follows:
-Drawing up of articles (in Slovak; signed by the founders, executed and authenticated by a notary for a sole ownership).
-Request for a certificate or a setting up license if necessary.
-Opening of a bank account in Slovakia.
-Request for registration with the Trade Register of the Chamber of Commerce and Industry, with all the required documents (translated into Slovak and legalized by the competent Slovak 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 for a tax identification number.
-Notification to the security services. - The competent organization
- The trade register (in English).
Working conditions
- Legal weekly duration
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40 hours a week, 8 hours a day and 150 hours a year.
A maximum of 250 hours overtime a year can be done in agreement with the employee. - Retirement age
- In general, 62 for women and men.
- Working contracts
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Employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations.
The terms of employment contracts are rather rigid. They can be open-ended or of fixed duration (for a maximum of 3 years), part-time or full time.
Cost of labor
- Minimum wage
- EUR 250
- Average wage
- Average monthly gross earnings in Slovakia is EUR 550.
- Social contributions
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Social security contributions paid by employers: 35.2%
Social security contributions paid by employees: 13.4%.
Social partners
- Social dialogue and involvement of social partners
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After the fall of the communist regime, Slovak unions had to evolve because of political, economic and social changes. They had to
develop as powerful groups representing the workers and also the citizens, defending their interests in a market economy. The former official unions had to transform their internal structure to become autonomous and keep their members. Only a few unions have been created over the past ten years and only four of them still exist today. Only one union is strong enough to defend workers' interests at a national level and guarantee regular meetings with the government and employer organizations. The Confederation of Unions in the Slovak Republic (KOZ SR) is recognized at the national level as representing employees in three-party negotiations. Today the unions have wide negotiating powers. However, the rate of unionization is dropping. - Unions
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Confederation of Unions in the Slovak Republic (KOZ SR)
Independent Christian Unions in Slovakia (NKOS)
- Unionization rate
- The rate of unionization in Slovakia is 30%.
- Labor regulation bodies
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Ministry of Labor, Social Affairs, and Family (in English)
Federation of Employers' Unions & Associations of the Slovak Republic (AZZZ) (in Slovak)
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Last updates: November 2009