Slovakia has exceptionally good conditions for establishing a company. It had a rather high development path in a short period of time. Since 2004 it has been a member of the European Union, so EU citizens can work in the country without any restrictions. They can enjoy the same rights as the Slovak citizens.
Despite of the fact, that it is not so far, it is very important to provide up-to-date information on daily supply and demand options. The most important is the definition of the goal of market expansion before than obtaining market information, as this essentially determines all further steps: increasing capacity utilization, capacity building, increasing profits, investing, production-outsourcing, taking into consideration the common use of EU resources or a combination of these.
Benefits of the Slovakian company establishment:
Entrepreneurs are obliged to keep bookkeeping in a statutory manner. However a double-entry bookkeeping should be done concerning the businesses that are registered at the Court of Registration.
The process of establishing a company:
However it is important to say a few words about the violation of the tax liability. A fine from 30 Euro to 32 000 Euro may be imposed by the authority for the breach of the tax liability. The taxpayer may appeal against the fines imposed on the inspections within 15 days. The tax liability begins with the date of entry into the register of companies, and it ceases on the date of deletion from the register of companies. The deadline for submitting the tax returns is the deadline for paying the tax.
According to the statistics agency (ŠÚSR), the Slovak economy grew in comparison with the previous three months and the rate of growth of the economy grew in the second quarter of 2017.