Open Tech Company in Slovakia

Updated on Tuesday 15th August 2017

Rate this article
5 5 1
based on 3 reviews


Open Tech Company in SlovakiaWith a significant potential for GDP growth, the ICT sector plays a significant role in the Slovak economy. Due to business advantages and tax incentives, the ICT industry has become an attractive destination for foreign investments. The ICT industry in Slovakia is acknowledged for the highest average wage and for a low unemployment rate. If you want to open a tech company in Slovakia you should be aware of the constant development of new technologies and the constant reduction of prices.

Our experts in company formation in Slovakia can tell you more about the foreign investment legislation applicable in the ICT sector.


The process of starting a Tech company in Slovakia



2.3% of the total employment in Slovakia is generated by the ICT sector and a 4.6$ contribution is brought to the country`s GDP in 2015. These figures have turned the ICT industry in one of the most attractive investment sectors in Slovakia. Setting up a tech company in Slovakia has to be done in accordance with the commercial legislation. We provide you with a description of the main steps to take in order to open a tech company in Slovakia:

•    Choose a name for the company - apply for a name certificate with the Commercial Register held by the District Court;
•    Decide on the type of business entity you want to set up;
•    Draft and notarize the articles of association and all related documents;
•    Open a bank account and pay the registered capital;
•    Apply for licenses and permits with the District court;
•    Register the company for tax purposes, pension funds, healthcare and unemployment insurance.

Our Slovak company formation agents can assist you throughout the entire process of setting up a tech company and can register it on your behalf.  


The ICT sector in Slovakia


The ICT sector in Slovakia has the highest average wage out of all monitored sectors, with a constant increase during the last five years. The sector is characterized by large numbers of self employed individuals and small companies with one to three employees. The ICT sector in Slovakia remains one of the most important export sectors in Slovakia. The products of the ICT sector in Slovakia are:

•    Monitors and TVs;
•    Telephones;
•    Computers and hardware;
•    Biometric software for identity management.

Significant investment incentives are promoted by the local government for the ICT sector in Slovakia. Among these we mention: eligible costs (land acquisition, costs of new technology and machinery purchasing), tax relief, contribution for the creation of new jobs and discounted price for property transfer from the municipality to the investor.

If you want to set up a tech company in this jurisdiction and need professional help in company formation, don`t hesitate to contact our team of company registration specialists in Slovakia.


 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Slovakia


Call us now at +420 721 565 868  to set up an appointment with our consultants, who are handling company formation in Slovakia. Alternatively you can incorporate your company without traveling to Slovakia.

As an CorpexLab client, you will benefit from the joint expertize of local accountants and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Slovakia.

Online Incorporation

tax-calculator-slovakia

Tax Calculator

tax-calculator-slovakia

Testimonials

Mihai-Cuc.jpg

My clients were interested in starting a branch office in Slovakia. The team of specialists at CompanyFormationSlovakia.com was very helpful, offering us complete guidance.

Mihai Cuc, Partner of
Enescu & Cuc Law Firm
www.RomanianLawOffice.com

Read more testimonials

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg