Slovakia is rather a small state that is a part of Euro zone. It is in EU,
Schengen and Euro area. Paper-laden processes are quite simplified here, thus one can establish a firm in a record-breaking period with little effort here.
As a rule, entrepreneurs are most interested in Slovakian analog of a limited liability company – S.R.O., though it is possible to register a public limited company and even a self-employed entrepreneur here. S.R.O. has the following aspects:
- There are certain requirements towards the director of the enterprise, so local businessmen sometimes resort to nominee service;
- It is necessary to keep accounts and hand over reports, but you won't have to be under annual audit (except for large enterprises with millionth turnover);
- It is obligatory to have a registered address on the territory of Slovakia;
- Data of the owners and the director of the company are catalogued in the public register;
- It is required to pay income and corporate taxes and some other ones;
- Dividends are tax-free regardless the owner's residence.
The conditions obviously are not quite typical for an offshore. However, registration a legal entity makes sense here. The country is politically and economically stable in the first place, it has never been mentioned in doubtful jurisdictional lists. In addition to that:
- The owner of a firm in Slovakia will get residence permit under the simplified procedure. After having lived in the country for 5 years, they will receive the right to become its resident;
- There have been a number of signed documents about the absence of double taxation with Russia among others;
- There are plenty of regional and specific privileges for running a business;
- Stable and reliable banking system;
- All the benefits of registering a firm in EU.