Set Up a Travel Agency in Slovakia

Updated on Wednesday 20th April 2016

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Set-Up-a-Travel-Agency-in-Slovakia.jpgSlovakia represents a competitive business market; in terms of tourism, Slovakia experienced a significant increase, especially after the 1990s. If in that period the country received more than 500,000 visitors a year, in recent times the number of visitors tripled, increasing to more than 1,700,000 tourists. As such, tourism industry represents a significant sector, which can offer business opportunities to both local and foreign investors interested to open a company in the tourism field; our Slovakian company formation specialists can provide you with assistance on how to establish a travel agency here.

 

Steps to open a Slovakian travel agency 

 
Foreign investors who want to establish their business presence on the Slovakian tourism market should know that they can incorporate the company by respecting the registration procedures available for any other type of legal entity. As such, the main steps for opening a travel agency are: 
 
propose and register a trading name at the Commercial Register;
the articles of association, which can be drafted with the help our Slovakian company formation agents, will have to be notarized at a local notary public;
if it is the case, apply for a trade license, which is issued by the Trading Licensing Offices;
the company should then register for the District Court;
if the company was registered as a limited liability company, the investor will have to obtain from the Tax Authority Office a document providing information on the tax arrears of the partners;
open a bank account, according to the legislation provided by the Slovakian Commercial Code;
register for social insurance and pensions.
 
Foreign investors who want to set up a travel agency can establish it as a tour operator or as a regular travel agency. As a general rule, a travel agency will only provide one type of service, while the tour operator is allowed to undertake various travelling services, which can refer to accommodation, transportation or guiding services. 
 
A travel agency will act as a intermediary between the clients and the tour operators, as the agency is required to sell the services provided by the tour operators
 

Slovakian legal entities  

 
Entrepreneurs who want to open a travel agency in Slovakia can incorporate the business under one of the legal entities provided by the local legislation, in accordance with their interests. As a general rule, most of the Slovakian businesses are established as a limited liability company, as it protects the investors from the liabilities incurred by the business. 
 
Other types of legal entities refer to: 
 
joint stock company;
general partnership;
 
If you need further information on the registration process of a travel agency in Slovakia, please contact our Slovakian company formation consultants for assistance. 
 

Comments

  • Mikko 2016-03-18

    Hello. I have a travel agency in Finland and I'd be interested to expand this business in one of the major cities in Slovakia. What would be the best option for me? Thank you!

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