represents a competitive business market; in terms of tourism
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
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;
• 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.
• joint stock company;
• general partnership;