⚠️ IMPORTANT NOTICE ⚠️
Company formation is a legal service that should always be provided by an officially registered service provider. Recently, there have been an increasing number of reports of scammers who appear to be completely genuine, trying to swindle money from unsuspecting clients with misleading offers.
Please be careful and follow these basic principles:
✅ Always check the credibility of the provider – check the company’s official details, online presence and references.
✅ Never pay cash! Always make sure that you use a billed, traceable bank transfer.
✅ Do not fall for exorbitant prices or promises of “fast-track procedures” if they are not transparent, verifiable and legal.
✅Just because someone advertises their services, has a website and an office does not mean they are a qualified professionals.
✅Not all businesses are legally feasible to set up, don’t take the ‘yes’ for every question.
✅ Consult a qualified lawyer in case of a dubious offer.
If you are unsure about an offer, always ask for more information and check the reliability of the provider.
How to establish a Slovak company?
First, you need someone to help you navigate the Slovak bureaucracy - and in English. Someone you can trust. Someone you know is professional and cares about you.
Who should start a company in Slovakia?
Entrepreneurs who want to expand in Slovakia or who can work from anywhere in the world.
Anyone whose business is linked to Slovakia or can be easily relocated to Slovakia.
By contrast, businesses that are localised (e.g. a hotel in Germany, a beauty salon in Hungary or a café in Romania) cannot take advantage of this opportunity.
For example, running a hotel in Germany through a company in Slovakia doesn't make much sense.
If you can't decide whether it's worth it, contact us and we'll discuss it!
Starting a new company or buying a ready-made company?
You can choose between two options: setting up a new company or buying a ready-made VAT-registered company already established by us. Both have advantages and disadvantages, so it’s worth considering which one best suits your business goals.
Company formation
Advantages
- Full control: the company is created in the name of the founders, you can set up the operating rules to suit your own needs.
- Cheaper: starting a new company costs less than buying a ready-made company.
Disadvantages
- Complicated VAT registration: the complete VAT registration process for new companies is more complex and time-consuming.
- More time-consuming start-up: Incorporation and registration takes around 10-14 days, but VAT registration can take up to a few months.
Transaction-free, ready-made company
Advantages
- Immediate operation: immediately usable after signing the documents, registration of company changes can be done in 3-5 working days (no need to wait).
- Immediate VAT payer status: the company is already registered for VAT deduction, can be used for international transactions.
Disadvantages
- Background check: If you are buying a company that is not brand new and transaction free, it is difficult to check the company's history.
- More expensive: buying an existing company costs more than starting a new one.
The most important things to know about setting up a company in Slovakia
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The whole process of setting up or buying a company can be done remotely.
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Corporate income tax:
10% or 21% of the tax base (not profits).
Please note that in many cases 21% is still less than the 5% applied in many countries, as Slovakia provides a number of tax base reduction items.
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VAT: 5%, 19% or 23%
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Dividend tax: 7%, between companies 0%
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The official currency is EUR.
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The political situation is stable.
The owner can also be the managing director and does not have to be an employee, so there is no payroll tax or insurance.
The managing director of the company can only be a citizen of an EU or OECD member state or a person with a registered address in Slovakia.
You do not need to deposit the share capital in a bank account (you only need to declare that it has been paid).
Register for a free consultation
Step 1:
Consultation and offer
We need to talk through your goals, what you want to do and how you plan to do it. Here, we will outline possible paths and business forms. If, based on the consultation, we think we can help your business in a meaningful way, we will send you a personalised quote.
But if we see from the conversation that it's not ideal for you to start a Slovak business, we'll tell you that too.
Step 2:
We will prepare the documents for signature within one working day.
Our lawyer is responsible for all administrative tasks. You will only be in contact with us. You will only have one thing to do: return the scanned documents to us after they have been signed and certified.
Step 3:
Establish the company, transfer documents.
We will apply for your business licence (which takes on average 2 working days to issue), register you with the Companies Registry (which takes on average 5 working days) and, if necessary, register you for VAT based on the objectives (the deadline for this varies depending on the type of VAT).
If you buy a ready-made VAT registered company, we change all the details in one step, which only takes a few working days.
Once everything is in place, we will hand you all the documents and congratulate you on your Slovak company.
In 10-14 days you can have your new Slovak company up and running, or you can start your business almost immediately if you buy a company we have set up!
Step +1: Further cooperation
By the time we get to this point, you will know exactly what you need to do: keep double-entry books, keep an eye on the official eGovernment gateway, publish annual accounts, provide representation to the authorities, etc.
We can help with these too.
Company
formation
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Personalised company formation with documentation in 2 languages (SK/EN or SK/HU)*
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Virtual seat: from 45 € per month
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Client gateway (eGovernment) management: from 25 € per month
VAT-registered ready-made company
Clean, transaction-free, established by us-
Fully customisable company modification with documentation in 2 languages (SK/EN or SK/HU)*
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Virtual seat: free for 2 years
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Client gateway (eGovernment) management: from 25 € per month
FAQ
No, knowledge of Slovak is not required. The entire administrative process is in English.
It is also possible to set up a company without being present in person.
No, the bank account has to be set up by the company’s managing director, after the company has been registered, which we can also help you with.
Yes, of course, but you will be able to decide during the consultation if it is ideal for you to start a Slovak business.
No, a natural person can be a founder or member of only three limited liability companies (s.r.o.).
However, a one-person company cannot be the sole founder of another company. In the case of multiple founders or members, there is no limit.
No, a Slovak company can operate perfectly legally even without employees.
Our customers have said
Gergely Donogány
“Peter always provides up-to-date information to help our company. His many years of experience and reliable knowledge are a great asset. Thanks to him.”
Zsolt Szabó
“They helped me realise my unique idea. I am completely satisfied with the fast, accurate and professional work. We could always count on Accounting Slovakia. I recommend!”
Ondrej Seiner
“Typically professional, punctual and fast. My relationship with Peter is absolutely friendly, almost amicable, and I have experienced the right kind of helpfulness, precise work and successful problem solving from him.”
András Mayer
“Before working with Accounting Slovakia, we had a completely different experience with accountants. Peter and his team are not “just” accountants, they act as the financial managers of our firm. They warn us of possible mistakes and also point out opportunities that we might not have noticed ourselves. They are precise, accurate and happy to explain the underlying processes. Working together, we get the feeling that they care about our business performance and business results.”
András Kiss
“We had to change after the retirement of our former accountant. In Accounting Slovakia spol. s r.o. we found an accurate, fast, professionally reliable partner who took over our company’s accounting smoothly and with the technical conditions we had available. It was very important for us that, despite the geographical distances between our staff, we could work with a minimum of information requirements due to our workload.”
Tibor Zala
“In Péter Szabó Márk I met an absolutely professional gentleman in the field of Slovak company formation and accounting, who handled the whole process with maximum dedication, lightning speed and, very importantly, online. As an accountant and tax specialist, I can have him on my team without knowing anything about the Slovak accounting and tax system, while having complete peace of mind that everything is done in compliance with the law and in accordance with the legislation.”
Adam Prickett
“Accounting Slovakia is the AppLearn Group’s trusted partner in the Slovak market. They guide and support our group with precise expertise, useful advice and flexibility in a rapidly changing IT environment.”
Rita Khangeldova
“Ensidor Technology entered into cooperation with Accounting Slovakia at a turbulent time, but thanks to the diligent help, extensive expertise and valuable advice of Peter Szabo, the company’s accounting is in order and transparent, which will help the company to grow further. We are also extremely grateful for the professional help and timely advice on financing international industrial companies in Slovakia!”
Call us
+421 905 598 394
Contact us!
Fill in the consultation form or contact us directly using the contact details below!
Send us an email
info@accountingslovakia.sk
Contact us!
Fill in the consultation form or contact us directly using the contact details below!
- Send from email
- Call us
Sign up for a consultation
In all cases, the consultation will be with the Managing Director of Accounting Slovakia, Ing. Péter Márk Szabó.
