<h2>Introduction: VAT Registration (DPH) under §4 in Slovakia</h2>
<p><b>VAT</b> <i>(Slovak: DPH — daň z pridanej hodnoty)</i> is an indirect tax that represents the value added when selling goods and services. As in most EU countries, Slovakia has a VAT system regulated by Act No. 222/2004 on value-added tax.</p>
<p>In Slovakia, <b>sole proprietors</b> <i>(Slovak: živnostník)</i> and <b>LLCs</b> <i>(Slovak: s.r.o.)</i> can operate without VAT registration if their <b>turnover does not exceed the established threshold — €50,000 for the last year.</b> However, in certain cases, VAT registration is mandatory even with a lower turnover — for example, when providing or receiving services from contractors within the EU.</p>
<div class="blog-services"><p><b>⚠️&nbsp;It is important not to miss the point</b> when registration becomes mandatory. Failing to register on time can lead to fines and blockages in business processes: invoicing, international transactions, participation in tenders, and much more.</p></div>
<p>In this article, we will discuss the types of VAT registration, who must register and when, and how to do it correctly.</p>

<h2>When VAT Registration under §4 Becomes Mandatory: Threshold and Exceptions</h2>
<p>In Slovakia, VAT registration becomes <b>mandatory</b> if the <b>total turnover for the calendar year</b> exceeds <b><samp>€50,000.</samp></b></p>
<h3>What is considered turnover?</h3>
<p>Turnover includes all <b>VAT taxable transactions</b> where the <b>place of service provision or goods delivery is Slovakia.</b> This means that only transactions where, according to the VAT law, the service is considered provided in Slovakia are included.</p>
<p><b>Not included in turnover:</b> income from clients within the EU (legal entities or sole proprietors) if the place of service provision is considered to be the customer's country (e.g., Germany).</p>
<div class="blog-services"><p><b>👉&nbsp;Example:</b> if you provide marketing services to a private client from Slovakia — this counts towards turnover. If your client is a company from the Czech Republic, the place of service provision is the Czech Republic, and this income does not count towards the €50,000 threshold.</p></div>

<h2>Place of Service Provision: How to Determine and Examples for Sole Proprietors/LLCs</h2>
<p>To properly determine whether income should be included in the €50,000 threshold for mandatory VAT registration, you need to understand where the <b>place of service provision</b> is. This is a key factor in Slovakia's VAT law.</p>
<p style="margin-bottom: 5px;">It depends on the <b>status and country of the client:</b></p>
<ul style="margin-top: 7px;">
<li><b>Individual client from the EU (not a business):</b> the place of service provision is Slovakia, even if the client is from another EU country. Such income <b>counts</b> towards the €50,000 threshold.</li>
<li><b>B2B client from the EU (with VAT ID):</b> the place of service provision is the <b>client's country,</b> and the income <b>does not count</b> towards the threshold. The service is provided without VAT (reverse charge) if you are registered under §7a.</li>
</ul>
<div class="blog-services"><p><b>📌&nbsp;Important to remember:</b> if you provide services through a platform (e.g., a marketplace), pay attention to who is considered the final recipient — this will determine the country of taxation. If in doubt, consult with your accountant.</p></div>

<h2>VAT Registration Procedure under §4: Documents, Deadlines, Submission</h2>
<p>If your <b>turnover for the last year exceeded <samp>€50,000</samp>,</b> you are required to register for VAT <i>(Slovak: DPH)</i> in Slovakia. The application must be submitted <b>by the end of the calendar month following the month the threshold was exceeded.</b></p>
<p style="margin-bottom: 5px;">Registration is <b>exclusively online</b> through the portal <a href="https://www.financnasprava.sk" target="_blank">financnasprava.sk,</a> using:</p>
<ul style="margin-top: 7px;">
<li>an eID card with the electronic signature function <i>(Slovak: KEP),</i></li>
<li>or through an accountant/trusted person with authorization.</li>
</ul>
<div class="blog-services"><p>📌&nbsp;For most foreign entrepreneurs, it is easier and safer to hand over the process to professionals. At Oki-doki.sk, we will prepare and submit the application on your behalf to avoid mistakes and ensure all deadlines are met.</p></div>

<h2>What Happens After Registration: Reporting, Obligations, Risks</h2>
<p>After successful registration, you will receive a <b>VAT payer identification number — IČ DPH.</b> It looks like: SK + your tax number (e.g., SK1234567890). From this point on, you become a <b>VAT payer under §4</b> of the VAT law and must fulfill a series of new obligations.</p>
<p style="margin-bottom: 5px;"><b>What changes:</b></p>
<ul style="margin-top: 7px;">
<li><b>Invoices</b> must now include your IČ DPH <i>(VAT ID),</i> the rate, and the VAT amount.</li>
<li>You are obligated to <b>charge and pay VAT</b> when selling goods and providing services within Slovakia.</li>
<li>The first day of each month is the <b>deadline for submitting the VAT declaration</b> for the previous month.</li>
<li>VAT received from clients must be paid to the tax office. If you have incoming VAT invoices (from suppliers), you can claim a refund.</li>
</ul>
<div class="blog-services"><p>📌&nbsp;Yes, this complicates accounting, but with a good accountant, it becomes routine. At Oki-doki.sk, we handle not only registration but also regular reporting.</p></div>

<h2>VAT Refund on Incoming Invoices: How VAT Deduction Works</h2>
<p>As a VAT payer, you have the right to <b>reduce the tax payable</b> by the amount of <b>incoming VAT</b> indicated on the invoices from your suppliers. This is called <b>odpočítanie dane</b> — VAT deduction.</p>
<p style="margin-bottom: 5px;"><b>How it works:</b></p>
<ul style="margin-top: 7px;">
<li>If you receive a <b>VAT invoice from another Slovak VAT payer,</b> you can include this VAT in your declaration.</li>
<li>The amount of incoming VAT is subtracted from the amount of outgoing VAT charged to clients.</li>
<li>If incoming VAT exceeds outgoing VAT, the tax office may refund the difference to your account (after verification).</li>
<li>It is important that the purchase was actually used for your business activity and is properly documented.</li>
</ul>
<div class="blog-services"><b>📌&nbsp;Example:</b> you sold services for <samp>€5,000</samp> + <samp>€1,000</samp> VAT, and bought equipment for <samp>€2,000</samp> + <samp>€400</samp> VAT. The amount to pay — only the difference: <samp>1,000 – 400</samp> = <b><samp>€600.</samp></b></p></div>

<h2>Voluntary VAT Registration: When It Makes Sense and Why</h2>
<p>In Slovakia, VAT registration is possible <b>not only by the mandatory threshold</b> but also <b>voluntarily</b> — if it is beneficial from a business model perspective.</p>
<p style="margin-bottom: 5px;"><b>When it makes sense to register for VAT in advance:</b></p>
<ul style="margin-top: 7px;">
<li>You plan to <b>work with other VAT payers,</b> especially in the B2B sector. For them, your invoice with VAT deduction will be more attractive.</li>
<li>You <b>purchase equipment, materials, or services with VAT</b> — you will be able to refund VAT on these expenses.</li>
<li>You <b>have not reached the <samp>€50,000</samp> turnover,</b> but want to operate as a VAT payer to avoid a double accounting system and confusion.</li>
<li>You operate in the <b>e-commerce, marketplace, logistics</b> sectors, where clients or platforms require a VAT number.</li>
</ul>
<div class="blog-services"><p>💡&nbsp;At Oki-doki.sk, we will prepare the document package, business justification, and submit the application on behalf of your company or sole proprietorship. This will save you from unnecessary questions from the tax authorities.</p></div>

<h2>How We Help with VAT Registration and Reporting — Solutions from Oki-Doki.sk</h2>
<p>We will help you navigate VAT and handle all the bureaucracy:</p>
<div class="blog-services">
<h3>✅&nbsp;Full-service VAT Registration under §4</h3>
<p>We will prepare documents, submit the application, and get your IČ DPH <i>(VAT ID)</i> without any hassle.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact Us</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Accounting and Declaration Filing</h3>
<p>Monthly reports, deadline control, payment calculations, and report submission via our service.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Accounting</a></p>
</div>


VAT registration in Slovakia under §4: when it's required, turnover limits, how to register, impact on tax and reporting.

VAT Registration under §4 in Slovakia: When and How to Become a VAT Payer

1745353097482-dph-vat-registration-paragraf-4.jpg

<h2>Introduction: Key Threshold Values for Slovak Entrepreneurs in 2025</h2>
<p>Running a business in Slovakia requires not only a desire and an idea but also an understanding of key figures. From the minimum income for filing a declaration to the VAT registration threshold, from the balance required for residence permits to insurance contribution rates — all these figures directly influence your obligations and development strategy.</p> 
<p>In this article, we have compiled the relevant <b>threshold values and minimums for 2025</b> — for sole proprietors <i>(Slovak: živnostníkov)</i> and LLCs <i>(Slovak: s.r.o.)</i>. These numbers will help you avoid mistakes, register on time, not forget about insurance, and confidently plan your taxes and reporting.</p>
<div class="blog-services"><p>📌&nbsp;<i>Tip:</i> Save this table to your bookmarks — it will surely come in handy throughout the year!</p></div>
<h2>Relevant Threshold Values for 2025</h2>
<div class="responsive-table-container">
<table border="1" cellpadding="6" cellspacing="0">
  <tbody>
    <tr>
      <td>Value</td>
      <td>Indicator</td>
      <td>Note</td>
    </tr>
    <tr>
      <td>Minimum Living Standard (Slovak: životné minimum)</td>
      <td><samp>281.90 €/month</samp></td>
      <td>The base amount used to calculate tax deductions, minimum income for residence permit extension, etc.</td>
    </tr>
    <tr>
      <td>Threshold for filing tax returns for Sole Proprietors</td>
      <td><samp>2,823.24 €/year</samp></td>
      <td>If the sole proprietor's income exceeds this amount, filing a declaration is mandatory, even if there is no profit.</td>
    </tr>
    <tr>
      <td>Balance on personal account for residence permit application</td>
      <td>12 × 281.90 = <samp>3,382.80 €</samp></td>
      <td>For applying for a residence permit as a sole proprietor.</td>
    </tr>
    <tr>
      <td>Balance on business account for sole proprietors for residence permit application</td>
      <td>20 × 281.90 = <samp>5,638 €</samp></td>
      <td>For applying for a residence permit as a sole proprietor.</td>
    </tr>
    <tr>
      <td>Balance on business account for LLC for residence permit application</td>
      <td>100 × 281.90 = <samp>28,190 €</samp></td>
      <td>For applying for a residence permit as an LLC.</td>
    </tr>
    <tr>
      <td>Minimum income for residence permit extension as a sole proprietor</td>
      <td>20 × 281.90 = <samp>5,638 €</samp></td>
      <td>For extending a residence permit as a sole proprietor.</td>
    </tr>
    <tr>
      <td>Income threshold for mandatory social insurance (sole proprietors)</td>
      <td><samp>8,580.00 €/year</samp></td>
      <td>If the sole proprietor's income in the first year exceeds this amount, social insurance will be required from the second year onward.</td>
    </tr>
    <tr>
      <td>Minimum contributions to health insurance for sole proprietors in 2025</td>
      <td><samp>107.25 €/month</samp></td>
      <td>Health insurance (Slovak: zdravotné poistenie)</td>
    </tr>
    <tr>
      <td>Minimum contributions to social insurance for sole proprietors in 2025</td>
      <td><samp>237.02 €/month</samp> (if applicable)</td>
      <td>Social insurance (Slovak: sociálne poistenie)</td>
    </tr>
    <tr>
      <td>Revenue threshold for mandatory VAT registration (§4)</td>
      <td><samp>50,000 €/year</samp></td>
      <td>Only income from Slovakia is considered.</td>
    </tr>
    <tr>
      <td>Corporate Income Tax (for sole proprietors)</td>
      <td><samp>15%</samp></td>
      <td>If income is up to <samp>100,000 €</samp></td>
    </tr>
    <tr>
      <td>Corporate Income Tax (for LLCs)</td>
      <td><samp>10%</samp></td>
      <td>If revenue is up to <samp>100,000 €</samp></td>
    </tr>
    <tr>
      <td>Dividend Tax Rate for LLCs</td>
      <td><samp>7%</samp></td>
      <td>For withdrawing funds from the LLC.</td>
    </tr>
    <tr>
      <td>Transaction Tax (Slovak: transakčná daň)</td>
      <td><samp>0.4%</samp></td>
      <td>On each outgoing transaction (max. <samp>40 €</samp> per transaction, not charged when paying by card); 0.8% for ATM cash withdrawals.</td>
    </tr>
    <tr>
      <td>Minimum Share Capital for LLC</td>
      <td><samp>5,000 €</samp></td>
      <td>It is sufficient to declare this amount when opening, no physical deposit is required.</td>
    </tr>
    <tr>
      <td>Minimum Gross Salary</td>
      <td><samp>750.00 €/month</samp> | <samp>4.31 €/hour</samp></td>
      <td></td>
    </tr>
  </tbody>
</table>
</div>

<h2>Services from Oki-Doki.sk</h2>
<div class="blog-services">
<p><b>Oki-Doki.sk</b>&nbsp;— Service #1 for business registration, accounting, and entrepreneur legalization in Slovakia. We work with sole proprietors, LLCs, and residence permits — simple and transparent.</p>
<p><a href="/en" target="_blank">👉&nbsp;Go to the Oki-Doki.sk homepage</a></p>
</div>


2025 thresholds for VAT, social contributions, minimum income in Slovakia: for sole proprietorships and LLCs, with table.

Threshold Values for Entrepreneurs in Slovakia in 2025

1745353195662-threshold-values-for-entrepreneurs-2025.jpg

<h2>Introduction: How to Legally Register Adult Services in Slovakia</h2>
<p>Providing erotic and intimate services&nbsp;is a topic that exists in a legal "gray area" in many countries, including Slovakia. While some consider it one of the oldest and most useful professions, certain forms of this activity can be registered and conducted legally&nbsp;— for example, using the SK NACE code „poskytovanie služieb osobného charakteru“ (provision of personal services).</p>

<h2>SK NACE "Poskytovanie služieb osobného charakteru"&nbsp;— A Legal Basis for 18+ Business</h2>
<p>Slovak legislation does not explicitly prohibit erotic services&nbsp;— but it also doesn't clearly regulate them. Prostitution is not a criminal offense in Slovakia, yet it's not recognized as a profession and isn't subject to licensing. This is why the SK NACE code <i>„poskytovanie služieb osobného charakteru“</i> has become a formal way to register legal businesses involving intimate services&nbsp;— for example, as an erotic salon, massage parlor, or escort service.</p>
<p>At first glance, the SK NACE code „poskytovanie služieb osobného charakteru“ might appear as a harmless and "universal" option for various types of personal or private services. However, the classification actually covers a broad spectrum: from elderly and childcare, ironing and cooking&nbsp;— to astrology, chauffeur services, and... running an erotic salon.</p>

<h2>In-Depth Analysis of the Adult-Oriented SK NACE Code&nbsp;🔞</h2>
<p style="margin-bottom: 5px;">The official name of this SK NACE code is&nbsp;<b>Poskytovanie služieb osobného charakteru</b>, which translates to "provision of personal services." Despite its neutral name, its content covers a range of sometimes spicy activities:</p>
<ul style="margin-top: 7px; margin-bottom: 5px;">
<li>household assistance</li>
<li>driving someone else's car</li>
<li>services of astrologers, numerologists, and fortune-tellers</li>
<li><b>operating an erotic salon</b>&nbsp;— yes, it's explicitly stated</li>
<li>maintenance of public toilets</li>
<li>and...&nbsp;— interior design services</li>
</ul>
<div class="blog-disclaimer">
<p><b>📌&nbsp;Key point:</b> The SK NACE code directly includes the item „prevádzkovanie erotického salónu“, meaning operation of an erotic salon. This means it can indeed be used to legally register a business in the intimate services sector&nbsp;— provided your activity format matches the description.</p>
</div>
<div class="blog-disclaimer">
<p><b>💬&nbsp;Designer tip:</b> If you chose this SK NACE code because of the line <i>“dizajnérske činnosti”</i> (interior design), be sure to include at least a few neutral business activities. This will save you awkward explanations that you're not "that kind" of person <i>+ fewer reasons for suggestive looks at the bank when opening an account</i>&nbsp;😏.</p>
</div>
<h2>Help Registering Your "Hot" Business&nbsp;— Solutions from Oki-Doki.sk</h2>
<p>We don't judge and sincerely welcome all entrepreneurs!</p>
<div class="blog-services">
<h3>😈&nbsp;Sole Proprietorship Registration with Virtual Address for&nbsp;150&nbsp;€</h3>
<p style="margin-bottom: 8px!important;">Your business&nbsp;— your choice. Our job is to make everything legal, reliable, and stress-free.</p> 
<p><b>❤️&nbsp;Bonus:</b> if you add the SK NACE code <i>«Poskytovanie služieb osobného charakteru»</i>, use promo code <b>Design Services</b>&nbsp;— and get a <b>10 € discount</b> on registration.</p> 
<p><a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Register a Sole Proprietorship with Virtual Address</a></p>
</div>

How to legally register an erotic business in Slovakia: taxes, accounting specifics, risks, LLC or živnosť.

Registration of Erotic Services in Slovakia: Legal Adult Business

1745353311663-legal-erotic-services-business-in-slovakia.jpg

<h2>Introduction: How an Individual Entrepreneur in Slovakia Can Work with Clients from the EU</h2>
<p>If you are registered as an individual entrepreneur <i>(Slovak: živnostník)</i> in Slovakia and do business with clients from other EU countries, especially if you work in the B2B sector or physically travel abroad to provide services, there are additional tax and legal obligations to consider.</p>
<p style="margin-bottom: 5px;">In particular, you may need to:</p>
<ul style="margin-top: 7px;">
<li><b>VAT registration under §7 or §7a</b> — depending on the nature of the services and the type of clients;</li>
<li><b>Obtain the A1 form</b> — if you temporarily perform work in another EU country but remain a tax resident of Slovakia.</li>
</ul>
<p>At first glance, this might seem like unnecessary bureaucracy, but in practice, it’s a way to avoid fines, problems with tax authorities, and migration issues in another country. In this article, we explain what you need to know and do.</p>

<h2>When is an Individual Entrepreneur Required to Register for VAT under §7, §7a, or §4</h2>
<p><b>VAT registration under §7</b> is mandatory if, as an individual entrepreneur, you <b>purchase services from companies</b> registered in the EU and wish to account for these expenses in your accounting but are not registered as a VAT payer under §4 or §7a. Examples of such services include advertising from Meta or Google, hosting, SaaS services. If you use these services for business and include them in your expenses — VAT registration under §7 is required.</p>
<p><b>VAT registration under §7a</b> is required if you <b>provide services to other companies</b> or entrepreneurs from the EU (B2B) and are not registered as a standard VAT payer under §4 or §7. For example: you are a Slovak freelancer, and your client is a legal entity from Germany. Even if the transaction amount is <samp>50 €</samp>, you must register under §7a before issuing the invoice.</p>
<p><b>⚠️ It’s important to understand:</b> registration under §7 or §7a <b>does not make you a VAT payer.</b> You do not charge VAT on the invoice but apply the <b>reverse charge</b> system. However, this means you are obligated to file <b>quarterly summary reports <i>(Slovak: súhrnný výkaz)</i></b> if you had transactions with EU counterparties.</p>
<p>For more details, see our article: <a href="/en/blog/vat-7a-registration-szco-slovakia" target="_blank">VAT Registration under §7a for Individual Entrepreneurs in Slovakia.</a></p>
<h3>✳️ What is VAT under §4?</h3>
<p>This is a <b>full VAT registration <i>(Slovak: DPH)</i></b> in Slovakia. You are required to submit <b>monthly reports,</b> charge VAT on invoices, pay it, and maintain more complex accounting. If you are registered under §4, separate registration under §7 and §7a <b>is not required,</b> as your obligations are already covered. 👉 <a href="/en/blog/dph-vat-registration-paragraf-4" target="_blank">Learn more about VAT registration under §4.</a></p>
<p>Individual entrepreneurs in Slovakia must register as VAT payers under §4 if their turnover in the last 12 months exceeds <samp>50,000 €</samp> — only income from services and goods provided/supplied in Slovakia is taken into account (for example, services to individuals from the EU are considered as provided in Slovakia, and services to legal entities are considered as provided in the client’s country and are not taken into account). The registration application must be submitted by the end of the month in which the threshold was exceeded, and the VAT payer status comes into effect on the 1st of the next month.</p>

<h2>When is the A1 Form Required for Providing Services in EU Countries?</h2>
<p>If, as an <b>individual entrepreneur </b> in Slovakia, you <b>physically provide services in another EU country</b> (for example, you work in <b>Austria, Germany, or the Czech Republic</b>), you may need the <b>A1 form.</b></p>
<p>This document is issued by the <b>Slovak Social Insurance Agency.</b> For details, see our article: <a href="/en/blog/forma-a1" target="_blank">A1 Form for Individual Entrepreneurs (Slovak: SZČO) in Slovakia.</a></p>
<p>👉 <a href="/en/blog/form-a1" target="_blank">Learn more about obtaining the A1 Form.</a></p>

<h2>Reporting, Taxes, and Risks When Working with Clients from the European Union</h2>
<p>After registering under <b>§7/7a</b>, an entrepreneur is required to <b>submit quarterly summary reports</b> <i>(Slovak: súhrnný výkaz)</i> — only if there were transactions with counterparties from the EU. If no transactions took place, no reporting is required.</p>
<div class="blog-services"><p><b>⚠️ Not submitting the report or issuing an invoice without registering under §7a</b> may lead to <b>fines from the tax authorities</b> and may also question the legality of your activities.</p></div>
<p style="margin-bottom: 5px;">If you <b>physically work in another EU country and have not obtained the A1 form,</b> you may:</p>
<ul style="margin-top: 7px;">
<li>be considered a violator of <b>labor legislation</b> in that country,</li>
<li><b>be required to pay social contributions</b> according to local rules.</li>
</ul>
<p>All of this is easy to avoid — simply make sure you obtain the necessary registrations and documents in advance.</p>

<h2>How Oki-Doki.sk Helps Entrepreneurs Working with the EU</h2>
<p>We help entrepreneurs working with clients from the EU avoid fines and headaches:</p>
<div class="blog-services">
<h3>✅ VAT Registration under §7 and §7a</h3>
<p>Complete service with no unnecessary bureaucracy.<br/>
<a href="/en/kontakty" target="_blank">👉 Contact us</a></p>
</div>
<div class="blog-services">
<h3>✅ Help with Obtaining the A1 Form</h3>
<p>So you can legally provide physical services abroad.<br/>
<a href="/en/kontakty" target="_blank">👉 Contact us</a></p>
</div>
<div class="blog-services">
<h3>✅ Accounting for Individual Entrepreneurs</h3>
<p>With foreign economic activity — accurate tax calculations, report submissions, deadline management.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉 Accounting services</a></p>
</div>


Working with EU clients as a sole proprietor in Slovakia: VAT registration (§7, §7a), A1 form, reporting, currency, contracts.

Doing Business with EU Clients: Obligations for Entrepreneurs in Slovakia

1745353413111-partners-in-eu-registration-vat-and-a1.jpg

<h2>Introduction: What is the Transaction Tax (transakčná daň) in Slovakia</h2>
<p>The transaction tax <i>(Slovak: transakčná daň)</i> is a mandatory state fee paid by all business entities in Slovakia: both individual entrepreneurs (IE / živnostníci) and limited liability companies (LLC / s.r.o.).</p>
<p>This tax is levied on outgoing transactions — meaning when an entrepreneur or company transfers money from their account, for example, to a supplier, contractor, or when withdrawing funds. Additionally, cash withdrawals are taxed separately.</p>
<p>Although the tax is not large (only 0.4% or 0.8%), it applies to everyone and requires either automatic withholding by the bank or monthly reporting and self-payment. It is particularly important to understand these rules if you use a non-Slovak bank account (e.g., Revolut) — in this case, the responsibility for calculation and reporting rests with the entrepreneur.</p>
<p>In this article, we will discuss who is required to pay the transaction tax, how it is calculated, how to pay it, and why it cannot be ignored.</p>
<div class="blog-services"><p><b>🟩 Disclaimer:</b> As of April 2025, the Slovak authorities are considering the abolition of the financial transaction tax. If this decision is made, doing business in the country will become even easier.</p></div>

<h2>Transaction Tax Rates</h2>
<p style="margin-bottom: 5px;">In Slovakia, the transaction tax is applied to each outgoing movement of funds from an entrepreneur’s or company’s bank account. The tax rates are as follows:</p>
<ul style="margin-top: 7px;">
<li><b>0.4%</b> of the amount of each outgoing transaction (payment to a supplier, contractor, etc.), with a maximum tax of <b>40 €</b> per transaction.</li>
<li><b>0.8%</b> — for <b>cash withdrawals</b> from an ATM.</li>
</ul>
<p style="margin-bottom: 5px;">At the same time, <b>some transactions are exempt from tax,</b> in particular:</p>
<ul style="margin-top: 7px;">
<li>incoming transfers (e.g., payments from clients);</li>
<li>payments made by <b>bank card.</b></li>
</ul>
<div class="blog-services"><p><b>⚠️ Important:</b> if you use a foreign account (e.g., Revolut), these transactions are not automatically exempt — the calculation and reporting of the transaction tax must be done independently.</p></div>

<h2>How to Pay the Transaction Tax: Through the Bank or Independently</h2>
<p>Slovak law provides two ways to pay the transaction tax — depending on where your bank account is located:</p>
<h3>Option 1: Account in a Slovak Bank</h3>
<p style="margin-bottom: 5px;">If an individual entrepreneur or LLC uses an account in a Slovak bank (e.g., Tatra banka, ČSOB, VÚB, etc.), the transaction tax is automatically withheld with each outgoing transaction. In this case:</p>
<ul style="margin-top: 7px;">
<li><b>No action is required by the entrepreneur;</b></li>
<li>The bank calculates and transfers the tax;</li>
<li>No tax reports need to be submitted.</li>
</ul>
<h3>Option 2: Account in a Foreign Bank (e.g., Revolut, Wise, etc.)</h3>
<p style="margin-bottom: 5px;">If a foreign bank account is used, the responsibility for paying the tax lies with the entrepreneur. This means:</p>
<ul style="margin-top: 7px;">
<li>You need to <b>export all outgoing transactions monthly;</b></li>
<li>Calculate the tax amount independently (0.4% or 0.8%);</li>
<li><b>Submit a report</b> to the tax authority via the financnasprava.sk portal;</li>
<li><b>Pay the tax manually</b> by the due date.</li>
</ul>
<div class="blog-services"><p>⚠️ If you use Revolut as an individual entrepreneur or for a company — <b>we can take care of the entire calculation and reporting process</b> for you. Simply use our accounting services.</p></div>

<h2>Reporting the Transaction Tax for Individual Entrepreneurs and Companies</h2>
<p>If you use a foreign bank account (e.g., Revolut), you need to report and pay the transaction tax yourself. Here's how it works:</p>
<h3>How to Prepare the Report</h3>
<p style="margin-bottom: 5px;">The first step is to export all outgoing transactions for the month from your bank (in CSV format). Then, calculate the tax amount:</p>
<ul style="margin-top: 7px;">
<li>0.4% for each outgoing transaction (but not more than <samp>40 €</samp> per transaction);</li>
<li>0.8% for cash withdrawals.</li>
</ul>
<p>Transactions that are exempt from the tax: incoming transfers and payments by card.</p>
<h3>Reporting Deadlines</h3>
<p>The report is submitted <b>once a month,</b> no later than the 25th of the month following the reporting month. For example, for April — by May 25th.</p>
<h3>Where and How to Pay the Tax</h3>
<p>The tax is transferred to a special account of the tax authority <i>(Slovak: Finančná správa Slovenskej republiky)</i>, according to the details generated after the report is submitted.</p>
<p>If you're not sure about the calculations or don’t want to do it yourself — we at <b>Oki-doki.sk</b> can handle the entire process: from preparing the report to submitting and paying.</p>

<h2>How We Help with Calculating and Paying the Tax — Solutions from Oki-Doki.sk</h2>
<p>We help entrepreneurs in Slovakia fulfill their tax obligations related to the transaction tax correctly and without unnecessary bureaucracy:</p>
<div class="blog-services">
<h3>✅ Transaction Tax Calculation and Reporting</h3>
<p>We will calculate the tax amount and submit the report to the tax authority.<br/>
<a href="/en/kontakty" target="_blank">👉 Contact us</a></p>
</div>
<div class="blog-services">
<h3>✅ Accounting for Individual Entrepreneurs and LLCs</h3>
<p>We take care of reporting, declarations, VAT, and transaction taxes.<br/>
<a href="/en/kontakty" target="_blank">👉 Accounting for IE</a><br/>
<a href="/en/kontakty" target="_blank">👉 Accounting for LLC</a></p>
</div>
<div class="blog-services">
<h3>✅ Help with Opening an Account in Revolut</h3>
<p>We will open an account for you for free, explain how to use it for business and accounting.<br/>
<a href="https://revolut.com/referral/?referral-code=dmytroxt8n!APR1-25-AR-H1" target="_blank">👉 Business Account for IE</a><br/>
<a href="https://business.revolut.com/signup?promo=b2b-ref-022-H1-ULB&ext=fe19fbe4-9b0e-32ce-9a48-460bd2d7a5f0&context=B2B_REFERRAL" target="_blank">👉 Business Account for LLC</a></p>
</div>


Transaction tax (transakčná daň) in Slovakia: who pays, when to pay, rates 0.4% and 0.8%, Revolut accounts, obligations.

Transaction Tax in Slovakia (transakčná daň)

1745353519023-transaction-tax-in-slovakia.jpg

<h2>Introduction: How to Choose Business Activities (NACE Codes) for Your Business in Slovakia</h2>
<p>When registering as an individual entrepreneur <i>(Slovak: živnostník)</i> or a company <i>(Slovak: s.r.o.)</i> in Slovakia, you need to specify the <b>types of activities</b> you plan to engage in. In official documents, these are called <b>business activities</b> <i>(Slovak: predmety podnikania)</i>, which is the equivalent of NACE codes in CIS countries.</p>
<p>Choosing the right business activities is not just a formality. They define what you can do legally.</p>
<p>In this article, we will explain <b>the types of activities available,</b> their differences, <b>how to choose the right ones,</b> and <b>where to check the list</b> of all available options.</p>
<p>💡 We recommend choosing only the activities that <b>you actually plan to engage in (up to 10-15 items).</b> Entrepreneurs who list dozens of activities “just in case” often face <b>difficulties opening a bank account,</b> especially with Slovak banks.</p>

<h2>Types of Business Activities in Slovakia: Free, Craft, and Licensed</h2>
<p>All business activities in Slovakia are divided into three main categories:</p>
<p><b>🟢 Free</b> <i>(Slovak: voľné živnosti)</i> — the most popular type. These do not require confirmation of qualifications, diplomas, or work experience. They are suitable for most freelancers, consultants, online businesses, retail, IT services, etc.</p>
<p><b>🛠️ Craft</b> <i>(Slovak: remeselné živnosti)</i> — require confirmation of relevant education or work experience. Examples: hairdresser, cosmetologist, butcher.</p>
<p><b>📄 Licensed</b> <i>(Slovak: viazané živnosti)</i> — require special licenses or permits. Examples: arms industry, building control, driving school.</p>
<p>When registering an individual entrepreneur or LLC, free activities can be added quickly and in bulk. However, craft and licensed activities require additional documentation and approval from relevant authorities.</p>

<h2>How to Correctly Choose NACE Codes When Registering an Individual Entrepreneur or LLC</h2>
<p>Choosing the right business activities is an important step when registering a business. To simplify this process, we have developed a convenient online tool:</p>
<p><a href="/en/utils/predmety-podnikania" target="_blank">👉 Oki-doki.sk — Business Activity Selection</a></p>
<p style="margin-bottom: 5px;">What our tool allows:</p>
<ul style="margin-top: 7px;">
<li>🔍 Search for NACE codes by <b>keywords</b> or <b>business sector</b>;</li>
<li>✅ View a description of the activity immediately;</li>
<li>📄 Get a <b>ready list</b> for registering an individual entrepreneur or LLC.</li>
</ul>
<p>The service is continuously updated and adapted. We have made it as user-friendly as possible, but it’s important to understand that <b>the list of activities with descriptions is a huge volume of material,</b> which is regularly updated as Slovak legislation changes. To adapt this content for users as quickly as possible, <b>we used machine translation (Google Translate)</b> for most descriptions. The translation may be rough in places, but the essence and structure remain understandable.</p>
<p>If you're unsure which activities to choose, our consultants can help you form the optimal set.</p>

<h2>Examples of Popular NACE Codes in Slovakia by Business Types</h2>
<p>We have gathered frequently used business activities (NACE codes) for the most popular business directions. You can use our <a href="/en/utils/predmety-podnikania" target="_blank">selection tool</a> to find and refine the codes you need.</p>
<p style="margin-bottom: 5px;"><b>Manufacturing</b></p>
<ul style="margin-top: 7px;">
<li>Engineering activities, technical testing and analysis — the most popular activity in production and quality control departments</li>
<li>Metal production and smelting, production and processing of simple metal products — involves working with metal and welding</li>
<li>Warehouse, auxiliary and transport services in logistics — warehouse services</li>
</ul>
<p style="margin-bottom: 5px;"><b>E-commerce / Online Stores</b></p>
<ul style="margin-top: 7px;">
<li>Buying goods for resale to end customers (retail) or other business operators (wholesale) — retail and wholesale trade</li>
<li>Warehouse, auxiliary and transport services in logistics — warehouse services</li>
<li>Advertising, marketing, photographic, and information services, market and public opinion research — advertising, marketing, and information services</li>
<li>Brokerage activities in commerce, services, and manufacturing — brokerage in trade, services, and manufacturing</li>
</ul>
<p style="margin-bottom: 5px;"><b>Freelance, IT, Consulting</b></p>
<ul style="margin-top: 7px;">
<li>Computer services and services related to data processing — development (the most suitable NACE code for IT)</li>
<li>Advertising, marketing, photographic, and information services, market and public opinion research — advertising, marketing, and information services</li>
<li>Publishing, printing, and bookbinding work — includes copywriting</li>
<li>Services related to film, video, and sound recording production — media production</li>
<li>Administrative services and organizational-economic services — administrative and organizational services</li>
</ul>
<p style="margin-bottom: 5px;"><b>Restaurants, Cafés, Food Industry</b></p>
<ul style="margin-top: 7px;">
<li>Food and starch product manufacturing — food production</li>
<li>Accommodation services with food and beverage preparation and sale for guests in accommodations with a capacity of up to 10 beds — accommodation services with food preparation and sale</li>
<li>⚠️ Catering and production of ready meals for direct consumption outside the operating premises — catering, meal preparation and delivery (regulated NACE)</li>
<li>⚠️ Butchering, beer and malt production, dairy production, bakery and confectionery production — meat processing, brewing, dairy, bakery products (regulated NACE)</li>
</ul>
<p style="margin-bottom: 5px;"><b>Services: Cleaning, Translation, Repair, Delivery</b></p>
<ul style="margin-top: 7px;">
<li>Cleaning and janitorial services — cleaning services</li>
<li>Dry cleaning and laundry services — dry cleaning and laundry work</li>
<li>Administrative services and organizational-economic services — includes translation services</li>
<li>Repair of personal items and household goods — repair of personal and household items</li>
<li>Warehouse, auxiliary and transport services in logistics — logistics and courier delivery</li>
<li>Extracurricular educational activities — tutoring, workshops, courses, etc.</li>
</ul>
<p style="margin-bottom: 5px;"><b>Beauty Sector</b></p>
<ul style="margin-top: 7px;">
<li>Services related to body beautification — aesthetic services and body care</li>
<li>⚠️ Men’s, women’s, and children’s hairdressing — hairdressing services (regulated NACE)</li>
<li>⚠️ Cosmetic services — cosmetology (regulated NACE)</li>
<li>⚠️ Manicure — manicure services (regulated NACE)</li>
<li>⚠️ Pedicure — pedicure services (regulated NACE)</li>
</ul>
<p style="margin-bottom: 5px;"><b>Logistics / Auto / Transportation</b></p>
<ul style="margin-top: 7px;">
<li>Warehouse, auxiliary, and transport services in logistics — delivery, warehouse operations, logistics</li>
<li>Freight road transport with vehicles with a total weight of up to 3.5 t including trailers — freight transport by vehicles</li>
<li>Manufacturing of motor vehicles, engines, transport vehicles, parts, and accessories for motor vehicles and other transport means — vehicle manufacturing and repair</li>
<li>Maintenance of motor vehicles without intervention in the engine part — vehicle maintenance without engine intervention</li>
</ul>
<p style="margin-bottom: 5px;"><b>Construction and Repair</b></p>
<ul style="margin-top: 7px;">
<li>Preparatory work for construction — preparatory work for construction realization</li>
<li>Completion of construction work for exteriors and interiors — finishing work for interiors and exteriors</li>
<li>Engineering activities, technical testing and analysis — engineering services and technical supervision</li>
<li>Metal production and smelting, production and processing of simple metal products — metalworking, welding</li>
<li>Sewer pipe diagnostics and cleaning — sewer system diagnostics and cleaning</li>
</ul>

<h2>Can You Change or Add NACE Codes After Registering a Business?</h2>
<p>Yes, you can <b>add, remove, or change</b> business activities after registering a business. This is a normal practice: as the business develops, new directions emerge, and this should be reflected in the registry.</p>
<p><b>🔹 For individual entrepreneurs</b> <i>(Slovak: živnostník)</i> — the process is simple and quick. A certificate of no criminal record is required, and we can handle everything online via our service.</p>
<p><b>🔹 For LLCs</b> <i>(Slovak: s.r.o.)</i> — the process is a bit more complicated. You will need to amend the articles of association, register them with the court, and update the information in the business register. This can also be done through us.</p>
<div class="blog-services"><p><b>⚠️ Note:</b> when adding free activities, a new certificate of no criminal record is required, issued no earlier than 90 days before submitting the application.</p></div>

<h2>Choosing NACE Codes with Oki-Doki.sk</h2>
<p>We guide foreign entrepreneurs at every step:</p>
<div class="blog-services">
<h3>✅ We will help you choose the right activities for your business</h3>
<p>Considering your business direction and goals. We’ll check if a license or qualification is required.<br/>
<a href="/en/kontakty" target="_blank">👉 Contact us</a></p>
</div>
<div class="blog-services">
<h3>✅ Register an Individual Entrepreneur/LLC with NACE codes — <samp>from 105/350 €</samp></h3>
<p>With NACE code selection, document preparation, and application submission.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉 Register Individual Entrepreneur</a><br/>
<a href="/en/sluzby/zalozenie-sro" target="_blank">👉 Register LLC</a></p>
</div>
<div class="blog-services">
<h3>✅ Add NACE codes for Individual Entrepreneurs/LLC — <samp>from 40/140 €</samp></h3>
<p>For already registered individual entrepreneurs or companies.<br/>
<a href="/en/sluzby/zmena-zivnosti" target="_blank">👉 Changes for Individual Entrepreneurs</a><br/>
<a href="/en/sluzby/zmena-sro" target="_blank">👉 Changes for LLC</a></p>
</div>


Business activities in Slovakia: how to select the right one for your sole proprietorship or LLC.

Business Activity Types for Sole Proprietorships and LLCs

1745353625788-business-activity-types-slovakia.jpg

<h2>Introduction: How to Choose a Bank Account for an LLC (s.r.o.) in Slovakia</h2>
<p>After registering an LLC <i>(Slovak: s.r.o.)</i> in Slovakia, the next step is to open a bank account. Without it, you won’t be able to receive payments, pay taxes, file reports, or operate as a legal entity. Foreign entrepreneurs, especially those from third countries, often face barriers: banks require a residence permit, company documents, and the presence of founders.</p>
<p>On the other hand, online solutions such as Revolut Business are becoming more popular, allowing account opening remotely — quickly, easily, and without visiting a branch. However, these services have nuances: you must manually file reports for the transaction tax <i>(Slovak: transakčná daň).</i></p>
<p>In this article, we’ll compare what to choose for an LLC — a Slovak bank or Revolut, what documents are needed, and how to avoid common mistakes.</p>
<p><b>🟩 Disclaimer:</b> As of April 2025, Slovak authorities are considering the elimination of the financial transaction tax. If this happens, doing business will become even easier.</p>

<h2>Business Account for LLC in a Slovak Bank</h2>
<p style="margin-bottom: 5px;">This is the classic option for companies. However, for foreigners, it often becomes a real challenge:</p>
<ul style="margin-top: 7px;">
<li>Account opening is only possible in person — it cannot be done online</li>
<li>Required documents: extract from the business register, passport/residence permit of the director, invoices, contracts, etc.</li>
<li>Banks may sometimes require address or business activity confirmation</li>
<li>The decision depends on the specific employee and branch</li>
<li>Account opening time: from 2 to 15 business days</li>
</ul>
<div class="blog-services"><p><b>✅ Advantage:</b> the transaction tax is automatically deducted, no additional reports are required.</p></div>
<div class="blog-services"><p><b>❌ Disadvantages:</b> refusal without explanation, outdated interfaces, unpredictable fees.</p></div>
<div class="blog-services"><p><b>📌 Banks that more frequently open accounts for foreign entrepreneurs for LLC:</b> Tatra banka, ČSOB, VÚB, UniCredit, Fio banka.</p></div>

<div class="responsive-table-container">
<table border="1" cellpadding="6" cellspacing="0">
  <tbody>
    <tr>
      <td>Bank</td>
      <td>Free Account Management</td>
      <td>Account Management Fee</td>
      <td>Mobile App</td>
      <td>Instant Payments</td>
      <td>Net Profit</td>
    </tr>
    <tr>
      <td><b>Revolut*</b></td>
      <td>∞</td>
      <td><samp>10-30 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>Tatra banka</b></td>
      <td>12 months</td>
      <td><samp>7-19 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️½</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>Slovenská sporiteľňa</b></td>
      <td>12 months</td>
      <td><samp>7-40 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>VÚB</b></td>
      <td>12 or 6 months</td>
      <td><samp>8-22 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>UniCredit Bank</b></td>
      <td>12 months</td>
      <td><samp>7-15 €/month</samp></td>
      <td>⭐️⭐️⭐️</td>
      <td>✖️</td>
    </tr>
    <tr>
      <td><b>365.banka</b></td>
      <td>✖️</td>
      <td><samp>8-40 €/month</samp></td>
      <td>⭐️⭐️⭐️</td>
      <td>✖️</td>
    </tr>
  </tbody>
</table>
</div>

<h2>Business Account for LLC in Revolut Business</h2>
<p style="margin-bottom: 5px;">If you want to act quickly, opening an account in <b>Revolut Business</b> is a real alternative.</p>
<ul style="margin-top: 7px;">
<li>Registration is fully online, from anywhere in the world</li>
<li>No need for an in-person visit to the bank</li>
<li>Suitable for starting while you don’t have a Slovak residence permit</li>
<li>Excellent interface and support</li>
</ul>
<p style="margin-bottom: 5px;"><b>❗ Downside:</b> you need to calculate and pay the transaction tax yourself. Here’s what to do:</p>
<ol style="margin-top: 7px;">
<li>Export <b>outgoing transactions.</b></li>
<li>We’ll calculate the tax and submit the report.</li>
<li>Pay the transaction tax.</li>
</ol>
<div class="blog-services"><p>💡&nbsp;We can take care of this if you use our accounting services.</p></div>

<h2>Transaction Tax (transakčná daň) for Companies in Slovakia</h2>
<p>All LLCs in Slovakia are required to pay a <b>tax on financial transactions,</b> regardless of where the bank account is opened — in Slovakia or abroad.</p>
<p style="margin-bottom: 5px;">Tax rates:</p>
<ul style="margin-top: 7px;">
<li><b>0.4% of the amount of each outgoing payment</b> (up to <samp>40 €</samp> per transaction);</li>
<li><b>0.8% for cash withdrawals at ATMs.</b></li>
</ul>
<p><b>🟩 Exempt from tax:</b> incoming payments and card payments.</p>
<p>If you have an account with a Slovak bank, the tax is automatically withheld, and no reports need to be submitted. If you use <b>Revolut or another foreign bank</b>&nbsp;— you must <b>calculate, submit reports, and pay manually,</b> once a month.</p>

<h2>How We Help with Account Opening and Tax Accounting — Solutions from Oki-Doki.sk</h2>
<p>We help entrepreneurs launch businesses in Slovakia without unnecessary bureaucracy and confusion with banks and taxes:</p>
<div class="blog-services">
<h3>💳&nbsp;Free Revolut Business Account Opening</h3>
<p>Online opening: quick, remote, and turnkey.<br/>
<a href="https://business.revolut.com/signup?promo=b2b-ref-023-TXT&ext=fe19fbe4-9b0e-32ce-9a48-460bd2d7a5f0&context=B2B_REFERRAL" target="_blank">👉&nbsp;Free Revolut Account Opening</a><br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Free Help with Account Opening</a></p>
</div>
<div class="blog-services">
<h3>📑&nbsp;Transaction Tax Reports</h3>
<p>If you have an account with Revolut or another foreign bank.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Transaction Tax Reports</a></p>
</div>
<div class="blog-services">
<h3>📘&nbsp;Accounting for Sole Proprietors&nbsp;— <samp>from 30 € per month</samp></h3>
<p>Complete package: VAT, reporting, consolidated reports, income tax, consultations.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Accounting for LLCs</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;LLC Registration in Slovakia — <samp>from 350 €</samp></h3>
<p>Remotely, with a power of attorney, possibility to open an account and apply for a residence permit.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Register LLC</a></p>
</div>


How to open a bank account for an LLC in Slovakia: list of banks, conditions, remote setup, integration with accounting.

Bank Account for LLC in Slovakia: Slovak Bank or Revolut?

1745353730953-bank-account-llc-slovakia.jpg

<h2>Introduction: Where to Open a Sole Proprietor (živnostník) Account in Slovakia — Overview of Options</h2>
<p>Opening a bank account is one of the key steps after registering a sole proprietorship <i>(Slovak: živnostník)</i> in Slovakia. Without an account, you won’t be able to receive payments from clients, pay taxes, or run your business legally. But many entrepreneurs, especially <b>foreigners,</b> face the question: <b>which bank should I choose and how to open an account?</b></p>
<p>Slovak banks offer reliable infrastructure, but the account opening process can be complicated, especially for non-residents. On the other hand, modern fintech services like <b>Revolut and Revolut Business</b> allow you to open an account online — quickly and without bureaucracy. However, there are nuances: <b>transaction tax and the need to submit reports.</b></p>
<p>In this article, we’ll break down <b>what options are available for sole proprietors in Slovakia,</b> the differences between Slovak banks and Revolut, and help you choose the best option for you.</p>
<p><b>🟩 Disclaimer:</b> As of April 2025, Slovak authorities are considering the elimination of the tax on financial transactions. If the decision is made, doing business in Slovakia will become even easier.</p>

<h2>Business Account for Sole Proprietors in Slovak Banks: Pros, Cons, and Requirements</h2>
<p style="margin-bottom: 5px;">If you are already in Slovakia, you can open a <b>business account at a local bank.</b> This is the classic, reliable, and safe option — but, as always, there are nuances:</p>
<ul style="margin-top: 7px;">
<li><b>Account opening is only possible in person</b> — it cannot be done online.</li>
<li>You will need documents: <b>sole proprietorship certificate, residence permit/temporary asylum,</b> sometimes contracts and issued invoices.</li>
<li><b>Foreigners are often denied without explanation,</b> the decision depends on the specific employee and branch.</li>
<li><b>Account opening time: from 1 to 5 business days.</b></li>
<li>The main advantage is that the <b>transaction tax</b> <i>(Slovak: transakčná daň)</i> is automatically deducted, and no additional reports are required.</li>
<li>Disadvantages include <b>opaque tariffs, outdated bank interfaces, and poor English support.</b></li>
</ul>
<p>The best banks for sole proprietors in descending order of quality: <b>Tatra banka, ČSOB, VÚB, UniCredit, mBank, Fio banka.</b></p>

<div class="responsive-table-container">
<table border="1" cellpadding="6" cellspacing="0">
  <tbody>
    <tr>
      <td>Bank</td>
      <td>Free Account Management</td>
      <td>Account Management Fee</td>
      <td>Mobile App</td>
      <td>Instant Payments</td>
      <td>Net Profit</td>
    </tr>
    <tr>
      <td><b>Revolut*</b></td>
      <td>∞</td>
      <td><samp>0-10 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>Tatra banka</b></td>
      <td>12 months</td>
      <td><samp>7-19 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️½</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>Slovenská sporiteľňa</b></td>
      <td>12 months</td>
      <td><samp>7-40 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>VÚB</b></td>
      <td>12 or 6 months</td>
      <td><samp>8-22 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>UniCredit Bank</b></td>
      <td>12 months</td>
      <td><samp>7-15 €/month</samp></td>
      <td>⭐️⭐️⭐️</td>
      <td>✖️</td>
    </tr>
    <tr>
      <td><b>365.banka</b></td>
      <td>✖️</td>
      <td><samp>8-40 €/month</samp></td>
      <td>⭐️⭐️⭐️</td>
      <td>✖️</td>
    </tr>
  </tbody>
</table>
</div>

<h2>Revolut for Sole Proprietors in Slovakia — Convenient, but There Are Limitations</h2>
<p>If you are outside Slovakia or want to quickly start operating without visiting a bank, <b>Revolut</b> (including a personal account) can be a great solution at the start.</p>
<p><b>The account is fully opened online</b> — from a few hours to 1 business day.<br/>
<b>You can use the standard personal account,</b> as long as it is used exclusively for receipts from sole proprietorship activities.<br/>
<b>The only downside is the transaction tax</b> <i>(Slovak: transakčná daň);</i> you need to submit transaction reports and pay it manually.</p>
<p style="margin-bottom: 5px;">What does this mean in practice? Once a month, you need to:</p>
<ol style="margin-top: 7px;">
<li>Export <b>outgoing transactions.</b></li>
<li>We will calculate the tax and submit the report.</li>
<li>Pay the transaction tax amount.</li>
</ol>
<div class="blog-services"><p><b>📌 If you use Revolut as a sole proprietor</b>&nbsp;— we can take care of submitting reports and calculating the tax. Just use our accounting services, and we’ll do everything correctly and on time.</p></div>

<h2>Transaction Tax (transakčná daň) for Entrepreneurs in Slovakia</h2>
<p>All sole proprietors in Slovakia are required to pay a <b>tax on financial transactions,</b> regardless of where the bank account is opened — in Slovakia or abroad.</p>
<p style="margin-bottom: 5px;">Tax rates:</p>
<ul style="margin-top: 7px;">
<li><b>0.4% of the amount of each outgoing payment</b> (up to <samp>40 €</samp> per transaction);</li>
<li><b>0.8% for cash withdrawals at ATMs.</b></li>
</ul>
<p><b>🟩&nbsp;Exempt from tax:</b> incoming payments and card payments.</p>
<p>If you have an account with a Slovak bank, the tax is automatically withheld, and no reports need to be submitted. If you use <b>Revolut or another foreign bank</b>&nbsp;— you must <b>calculate, submit reports, and pay manually,</b> once a month.</p>

<h2>How We Help You Choose an Account and Account for Taxes — Solutions from Oki-Doki.sk</h2>
<p>We help entrepreneurs launch businesses in Slovakia without unnecessary bureaucracy and confusion with banks and taxes:</p>
<div class="blog-services">
<h3>💳&nbsp;We’ll Open a Revolut Account for You for Free&nbsp;— <samp>0 €</samp></h3>
<p>Online opening: quick, remote, and turnkey.<br/>
<a href="https://revolut.com/referral/?referral-code=dmytroxt8n!APR1-25-AR-H1" target="_blank">👉&nbsp;Free Revolut Account Opening</a><br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Free Help with Account Opening</a></p>
</div>
<div class="blog-services">
<h3>📑&nbsp;Transaction Tax Report Calculation and Submission</h3>
<p>If you have an account in Revolut or another foreign bank.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Transaction Tax Reports</a></p>
</div>
<div class="blog-services">
<h3>📘&nbsp;Accounting for Sole Proprietors&nbsp;— <samp>from 30 € per month</samp></h3>
<p>Transparent, with support for VAT, reporting, and all related questions.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Accounting for Sole Proprietors</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Sole Proprietorship Registration without Personal Visit to Slovakia&nbsp;— <samp>from 105 €</samp></h3>
<p>Fully remote through our service, with a virtual address for 1-2 years.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Sole Proprietorship Registration with Virtual Address</a></p>
</div>


How to open a bank account for a sole proprietorship in Slovakia: Slovak bank vs Revolut, taxes, reports, fees, EU clients.

Bank Account for Sole Proprietorship in Slovakia: Slovak Bank or Revolut?

1745353771728-bank-account-szco-slovakia.jpg

<h2>Introduction: Where to Open a Business in the EU — Comparing Countries and Taxes</h2>
<p>Opening a company or sole proprietorship in the European Union (EU) is a strategic step for entrepreneurs seeking stability, scalability, and international presence. <b>Having a European legal entity</b> or sole proprietorship simplifies working with clients and partners across the EU, increases trust, and provides access to the banking system.</p>
<p style="margin-bottom: 5px;">Such a company may be needed if you:</p>
<ul style="margin-top: 7px;">
<li>plan to <b>work with clients and contractors in the EU,</b></li>
<li>are launching an <b>online business or IT project</b> with a global audience,</li>
<li>want to enter <b>European marketplaces,</b></li>
<li>are entering into <b>B2B contracts</b> with European organizations,</li>
<li>seek <b>tax and currency stability,</b></li>
<li>aim for <b>transparent and clear reporting</b> in a familiar European jurisdiction.</li>
<p>In this article, we will compare popular countries for registering an LLC in the EU.</p>
</ul>

<h2>Why Entrepreneurs Choose Jurisdictions Within the European Union</h2>
<p>Registering a sole proprietorship or company in the EU is not just a “tick box” for image purposes. It is a tool that offers real advantages for doing business:</p>
<p><b>Client and partner trust.</b> A European company or sole proprietorship builds more confidence among B2B contractors, marketplaces, and services, especially if you're working internationally.</p>
<p><b>Simple logistics and taxation within the EU.</b> Companies from one EU jurisdiction work easily with clients and suppliers from other EU countries—without customs barriers and double taxation.</p>
<p><b>Access to payment systems and banks.</b> With a European company or sole proprietorship, it is easier to open an account, connect to Stripe, PayPal, Revolut Business, and other tools.</p>
<p><b>Legal protection and clear rules.</b> EU regulations are clear, with transparent procedures and a real opportunity to defend your rights.</p>
<p><b>Legalizing residence in the EU.</b> In many EU countries, having a company or sole proprietorship can be a basis for obtaining a residence permit or right to reside.</p>
<p>If you're looking for a stable foundation for international activities, <b>a company or sole proprietorship in the EU is the foundation of your business.</b></p>
<div class="blog-services">
<h3>✅&nbsp;Online Company/Sole Proprietorship Registration&nbsp;— <samp>from 350 €</samp></h3>
<p>We prepare all documents, and registration is done remotely through a power of attorney.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Sole Proprietorship Registration</a><br/>
<a href="/en/sluzby/zalozenie-sro" target="_blank">👉&nbsp;Company (LLC) Registration</a></p>
</div>

<h2>Comparison of Business Conditions and Taxation for LLCs (s.r.o.) in the EU</h2>
<p>When choosing a country for registering an LLC in the EU, it's essential to consider not only the corporate tax rate but also other key parameters: VAT registration thresholds, dividend taxation, startup capital requirements, administrative barriers, and additional conditions.</p>
<p>In the table below, we've compiled key parameters to help entrepreneurs <b>compare popular EU jurisdictions</b> and make an informed decision.</p>
<div class="responsive-table-container">
<table border="1" cellpadding="6" cellspacing="0">
  <tbody>
    <tr>
      <td>Country</td>
      <td>VAT Registration Threshold</td>
      <td>Corporate Tax</td>
      <td>Dividend Tax</td>
      <td>Notes</td>
    </tr>
    <tr>
      <td>Austria</td>
      <td><samp>55,000 €</samp></td>
      <td>23% + min tax <samp>875 €</samp></td>
      <td>27.5%</td>
      <td>Minimum capital <samp>35,000 €</samp></td>
    </tr>
    <tr>
      <td>Belgium</td>
      <td><samp>25,000 €</samp></td>
      <td>25%</td>
      <td>30%</td>
      <td>Business plan and capital justification required</td>
    </tr>
    <tr>
      <td>Germany</td>
      <td><samp>from 10,000 €</samp></td>
      <td>~ 29.9%</td>
      <td>~ 26.4%</td>
      <td>Minimum capital <samp>25,000 €</samp></td>
    </tr>
    <tr>
      <td>Denmark</td>
      <td><samp>~ 6,710 €</samp></td>
      <td>22%</td>
      <td>27-42%</td>
      <td>Capital gains tax</td>
    </tr>
    <tr>
      <td>Ireland</td>
      <td><samp>from 42,500 €</samp></td>
      <td>12.5-25%</td>
      <td>25%</td>
      <td>Foreign investment check system</td>
    </tr>
    <tr>
      <td>Spain</td>
      <td><samp>from 10,000 €</samp></td>
      <td>25%</td>
      <td>19-30%</td>
      <td></td>
    </tr>
    <tr>
      <td>Italy</td>
      <td><samp>from 10,000 €</samp></td>
      <td>~ 29.9%</td>
      <td>26%</td>
      <td>Fixed tax for new residents</td>
    </tr>
    <tr>
      <td>Luxembourg</td>
      <td><samp>from 10,000 €</samp></td>
      <td>~ 23.9%</td>
      <td>15%</td>
      <td>Minimum tax on net assets</td>
    </tr>
    <tr>
      <td>Netherlands</td>
      <td><samp>20,000 €</samp></td>
      <td>19-25.8%</td>
      <td>15%</td>
      <td></td>
    </tr>
    <tr>
      <td>Poland</td>
      <td><samp>from 10,000 €</samp></td>
      <td>19%</td>
      <td>19%</td>
      <td></td>
    </tr>
    <tr>
      <td>Portugal</td>
      <td><samp>15,000 €</samp></td>
      <td>16-29%</td>
      <td>28%</td>
      <td>New regime for non-regular residents</td>
    </tr>
    <tr>
      <td><b>Slovakia&nbsp;🔥</b></td>
      <td><b><samp>50,000 €</samp></b></td>
      <td><b>10-24%</b></td>
      <td><b>7%</b></td>
      <td>Minimum profit tax <samp>340 €</samp></td>
    </tr>
    <tr>
      <td>Slovenia</td>
      <td><samp>from 10,000 €</samp></td>
      <td>22%</td>
      <td>15%</td>
      <td></td>
    </tr>
    <tr>
      <td>Finland</td>
      <td><samp>from 10,000 €</samp></td>
      <td>20%</td>
      <td>20%</td>
      <td></td>
    </tr>
    <tr>
      <td>France</td>
      <td><samp>from 10,000 €</samp></td>
      <td>15-25%</td>
      <td>30%</td>
      <td></td>
    </tr>
    <tr>
      <td>Croatia</td>
      <td><samp>from 10,000 €</samp></td>
      <td>10-18%</td>
      <td>12%</td>
      <td>Must hire at least 3 Croats</td>
    </tr>
    <tr>
      <td>Czech Republic</td>
      <td><samp>~ 80,000 €</samp></td>
      <td>21%</td>
      <td>15%</td>
      <td></td>
    </tr>
    <tr>
      <td>Sweden</td>
      <td><samp>from 10,000 €</samp></td>
      <td>20.6%</td>
      <td>30%</td>
      <td></td>
    </tr>
  </tbody>
</table>
</div>
<p><b>👉&nbsp;Slovakia&nbsp;— one of the most balanced jurisdictions for small and medium-sized businesses:</b> easy and fast company setup, corporate tax rate from 10%, low dividend tax (only 7%), clear and understandable business regulations, affordable accounting and administrative support.</p>
<div class="blog-services"><p><b>⚠️&nbsp;Especially important for entrepreneurs from third countries:</b> registering a business in Slovakia provides an opportunity to <b>obtain or extend a residence permit (VNZ) </b>for entrepreneurial purposes. This is one of the most reliable and stable ways to legalize your stay in the EU for a long period.</p></div>

<h2>Comparison of Sole Proprietorship Registration and Business Operations in EU Countries</h2>
<p style="margin-bottom: 5px;">Registering a sole proprietorship in the EU is a simple and affordable way to start a business with minimal costs. However, requirements and tax burdens can differ significantly across countries. When choosing a country for sole proprietorship registration, it's important to consider:</p>
<ul style="margin-top: 7px;">
<li>tax and social contribution rates,</li>
<li>initial and ongoing obligations,</li>
<li>availability of remote registration,</li>
<li>ability for foreigners to operate businesses,</li>
<li>presence of migration programs through entrepreneurship.</li>
</ul>
<p style="margin-bottom: 5px;"><b>👉&nbsp;Slovakia&nbsp;— one of the most favorable options for registering a sole proprietorship by foreigners:</b></p>
<ul style="margin-top: 7px;">
<li>simple and fast registration — in just 1-3 days,</li>
<li>minimal tax burden: from <b>7% in the first year,</b></li>
<li>exemption from social contributions in the first year,</li>
<li>fixed expenses (60% of income) without the need to provide receipts,</li>
<li>full remote registration via our service,</li>
<li><b>possibility to obtain a residence permit</b> for entrepreneurial purposes for citizens from third countries,</li>
<li>easy business closure (suspension or liquidation in 1 day),</li>
<li>transparent rules, clear reporting system, and affordable accounting <samp>from 30 € per month</samp>.</li>
</ul>
<div class="blog-services"><p>⚠️&nbsp;For foreigners from third countries, Slovakia&nbsp;— one of the most convenient paths for legal migration and entry into the EU market. Opening a sole proprietorship in Slovakia allows you to obtain a residence permit, use local healthcare, and minimize bureaucratic burdens.</p></div>

<h2>Why Slovakia is One of the Best Options for Opening a Business in the EU</h2>
<p>Slovakia consistently ranks as one of the most attractive EU countries for registering small businesses. Here are the key reasons why entrepreneurs are increasingly choosing it:</p>
<p><b>Corporate tax&nbsp;— from 10%</b> for companies with an annual turnover of <samp>up to 100,000 €.</samp> This is one of the lowest rates in the EU.</p>
<p><b>Taxes and contributions&nbsp;— from 7%</b> for sole proprietors in the first year with an annual turnover of <samp>33,000 €</samp> and around 16% from the second year. This is also one of the lowest rates in the EU.</p>
<p><b>Simple and fast registration process</b>&nbsp;— the entire process can be done online through our service, without a personal visit.</p>
<p><b>Moderate business maintenance costs</b>&nbsp;— accounting for LLCs from <b><samp>70 € per month,</samp></b> with no hidden costs.</p>
<p><b>Favorable migration policy</b>&nbsp;— registering a company or sole proprietorship in Slovakia can be the basis for <b>obtaining a residence permit</b> for citizens from third countries.</p>
<p><b>Good reputation and legal stability</b>&nbsp;— Slovakia is an EU and Eurozone country, with transparent legislation and protection for entrepreneurs' rights.</p>
<p><b>It is possible to open an LLC/sole proprietorship via power of attorney</b>&nbsp;— without the need for personal presence, which is especially convenient for non-residents.</p>
<p>Slovakia&nbsp;— is a compromise between simplicity, a favorable tax system, and access to European opportunities.</p>
<p>Details in our article&nbsp;— <a href="/en/blog/business-registration-in-slovakia" target="_blank">How to Register a Business in Slovakia: LLC/Sole Proprietorship</a></p>

<h2>Ready-Made Solutions for Business in the EU from Oki-Doki.sk</h2>
<p>If you're considering opening an LLC/sole proprietorship in Europe, <b>Slovakia might be your perfect option,</b> and we’ll help you through the entire process from registration to business operation:</p>
<div class="blog-services">
<h3>✅&nbsp;Register LLC/Sole Proprietorship Online&nbsp;— <samp>from 350 €</samp></h3>
<p>We prepare all documents, and registration is done remotely via power of attorney.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Sole Proprietorship Registration</a><br/>
<a href="/en/sluzby/zalozenie-sro" target="_blank">👉&nbsp;Company (LLC) Registration</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Accounting for LLC/Sole Proprietorship&nbsp;— <samp>from 70 € per month</samp></h3>
<p>We work with sole proprietors and companies in IT, e-commerce, consulting, and other fields.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Accounting for Sole Proprietorship <samp>from 30 € per month</samp></a><br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Accounting for LLC <samp>from 70 € per month</samp></a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Residence Permit Assistance</h3>
<p>For business founders from third countries. We handle the submission, documents, and police registrations.<br/>
<a href="/en/sluzby/residence-permit" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>


Where to open a business in the EU: comparison of Slovakia, Czech Republic, Poland, Estonia. Taxes, costs, why Slovakia wins.

Business in Europe: Comparing Countries for LLCs and Sole Proprietorships

1745353916930-llc-in-europe-comparison.jpg

<h2>Introduction: Legal and Registered Business Address in Slovakia</h2>
<p>Every business in Slovakia—whether it's a sole proprietorship <i>(Slovak: živnostník)</i> or a legal entity <i>(Slovak: s.r.o.)</i>—<b>must have a business registration address.</b> This address is provided during registration and appears in all public registers.</p>
<p>In many cases, entrepreneurs cannot use their personal address—especially if they rent housing or live outside of Slovakia. In these situations, a <b>virtual address</b> becomes necessary. This is a legally rented address from a property owner with official consent for business registration purposes.</p>
<p>In this article, we will explain the requirements for the registration address for sole proprietors and the legal address for a limited liability company (LLC), why a virtual address may be needed, how to arrange it, and how we at Oki-Doki.sk can help.</p>

<h2>Registered Address for Sole Proprietor (živnostník) in Slovakia</h2>
<p style="margin-bottom: 5px;">When registering a sole proprietorship in Slovakia, the address provided is the one where the entrepreneur will be registered in the business registry. This address can be:</p>
<ul style="margin-top: 7px;">
<li><b>Permanent</b> residence address <i>(if you have permanent residence in Slovakia),</i></li>
<li>or a <b>business address</b> provided by another party or rented from an external company.</li>
</ul>
<p>If the entrepreneur is a <b>foreign national without permanent residence in Slovakia,</b> they are required to provide a <b>written consent from the property owner</b> for using the address. This consent must be signed and notarized by the majority of property owners (over 50%).</p>
<p style="margin-bottom: 5px;">The specified address will appear:</p>
<ul style="margin-top: 7px;">
<li>in the <b>business registry</b> (<a href="https://zrsr.sk" target="_blank">zrsr.sk</a>),</li>
<li>in the <b>tax registry,</b></li>
<li>and in documents where the sole proprietor is listed.</li>
</ul>
<p><a href="https://drive.google.com/file/d/1bqb9R4anqm6zXjxGFlvCHEkLgqsL9-nX/view?usp=drive_link" target="_blank">👉&nbsp;Template for property owner consent for sole proprietorship registration</a></p>

<h2>Legal Address for LLC (s.r.o.) in Slovakia</h2>
<p style="margin-bottom: 5px;">For registering a limited liability company in Slovakia, a <b>legal address</b> is mandatory. This is the formal location of the company, which:</p>
<ul style="margin-top: 7px;">
<li><b>Must be within Slovakia,</b></li>
<li><b>Must be specified in the founding documents,</b></li>
<li><b>Must be recorded in the Commercial Register</b> (<a href="https://orsr.sk" target="_blank">orsr.sk</a>),</li>
<li>and used in documents where the LLC is listed.</li>
</ul>
<p>For registration, an <b>official consent from the property owner</b> is required for using the property as the legal address. This consent must be in writing, with the address and company details clearly specified. The document must be signed and notarized by the majority of property owners (over 50%).</p>
<p><a href="https://drive.google.com/file/d/1nWqtWvRtFLUeOmqB5Yok_nbpBXLxx0DQ/view?usp=drive_link" target="_blank">👉&nbsp;Template for property owner consent for LLC registration</a></p>

<h2>What is a Virtual Address and How is it Used in Slovakia?</h2>
<p><b>A virtual address</b> is a rented address used <b>exclusively for formal purposes,</b> without having an actual office. This format is useful if the entrepreneur <b>does not have a permanent address in Slovakia</b> or cannot use their residential address for business registration.</p>
<p><b>🟢&nbsp;This is completely legal and widely used</b> by both local and foreign entrepreneurs. The key condition is having written <b>consent from the property owner</b> for using the address for publication in the <a href="http://zrsr.sk" target="_blank">business register</a> / <a href="http://orsr.sk" target="_blank">commercial register.</a></p>
<p>A virtual address is a practical solution, especially if you are running a business remotely or do not want to publish your personal residence in the registers.</p>
<p>At <b>Oki-Doki.sk</b>, we offer virtual addresses: for <b>sole proprietors at <samp>45 € per year,</samp></b> for <b>LLCs at <samp>200 € per year.</samp></b></p>
<div class="blog-services"><p><b>⚠️&nbsp;Important:</b> The virtual address service is available <b>only as part of registering a sole proprietorship or LLC through our service.</b> We do not provide virtual addresses separately—only as part of comprehensive registration.</p></div>

<h2>Frequently Asked Questions About Legal and Business Addresses</h2>
<p><b>Can a company or sole proprietorship exist without an address?</b><br/>
No. Both sole proprietorships and LLCs <b>must have a valid address</b> in Slovakia for registration and business operations. Without it, the business cannot be registered, and an already registered business may be annulled or suspended.</p>
<p><b>Can I use my residence address for a residence permit?</b><br/>
Yes, you can. However, if you are not the property owner, you will need written consent from the property owner.</p>
<p><b>Can I use my own property address?</b><br/>
Yes. If you own property in Slovakia (over 50%), you can use it as the address for your sole proprietorship or LLC. In this case, no consent is required.</p>
<p><b>How do I change my address after registration?</b><br/>
You can change your address at any time using our services.</p>
<p><b>How long is the virtual address service from Oki-Doki.sk provided?</b><br/>
For 1 or 2 years.</p>
<p><b>Can I extend the rental of a virtual address?</b><br/>
Yes, we will notify you in advance when your rental period ends and offer to extend it for the next year.</p>
<p><b>What happens if I stop paying for the virtual address?</b><br/>
If you do not extend the service within <b>1 month after the paid period ends</b> and your business (sole proprietorship or LLC) is still registered at our address, we will <b>annul the consent to use the address.</b> If you decide not to use our virtual address anymore, you can <b>change it.</b> We can also help with the official address change procedure.</p>

<h2>How We Help with Address Registration—Solutions from Oki-Doki.sk</h2>
<p>We assist foreign entrepreneurs at every step:</p>
<div class="blog-services">
<h3>✅&nbsp;Register a Sole Proprietorship with a Virtual Address for 1 Year&nbsp;— <samp>105 €</samp></h3>
<p>Online registration with support at every step.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Register an LLC with a Virtual Address for 1 Year&nbsp;— <samp>550 €</samp></h3>
<p>Fast registration without unnecessary bureaucracy.<br/>
<a href="/en/sluzby/zalozenie-sro" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>
<div class="blog-services">
<h3> 🔄&nbsp;Change a Sole Proprietorship Address&nbsp;— <samp>85 €</samp></h3>
<p>The cost includes a business address for 1 year and changing it in the business registry.<br/>
<a href="/en/sluzby/zmena-zivnosti" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>
<div class="blog-services">
<h3> 🔄&nbsp;Change a Legal Address for an LLC&nbsp;— <samp>340 €</samp></h3>
<p>The cost includes a business address for LLC for 1 year and changing it in the commercial register.<br/>
<a href="/en/sluzby/zmena-sro" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>


Business and legal address in Slovakia: what’s required for sole proprietorships and LLCs, virtual address, consent, risks.

Business Address for Sole Proprietorship / Registered Office for LLC in Slovakia

1745353944294-business-address-slovakia.jpg

<h2>Introduction: VAT Registration under §7a in Slovakia</h2>
<p>If you run a business in Slovakia as a sole proprietor <i>(Slovak: živnostník)</i> and have clients from other EU countries, you may need to register under <b>Section 7a</b> of the VAT law. This is <b>not a standard VAT registration,</b> but rather an <b>identification as a service provider</b> for foreign companies and entrepreneurs. Such registration does not make you a VAT payer in Slovakia, but it allows you to <b>legally work</b> with B2B clients from the EU.</p>
<p>Registration under §7a is necessary if you issue invoices to <b>legal entities or entrepreneurs from the EU</b> (e.g., companies in Germany or Estonia)—even if you have not reached the <samp>50,000 €</samp> turnover threshold. Without it, your invoice may be invalid, and the client may refuse to pay.</p>
<p>In this article, we will explain who is required to register under §7a, how the procedure works, what obligations arise after registration, and how we at Oki-Doki.sk can assist you.</p>

<h2>When Does a Sole Proprietor in Slovakia Have to Register under §7a VAT?</h2>
<p>Registration under §7a is mandatory for a sole proprietor in Slovakia if you provide <b>services to companies or entrepreneurs from other EU countries (B2B).</b> In this case, the place of service provision is considered to be the country of the client, meaning you must be identified under VAT law.</p>
<p>This is not the classic VAT registration as per §4, and you <b>do not become a VAT payer in Slovakia.</b> However, you must register to legally issue invoices without VAT.</p>
<p>A simple example: you are a web developer with a sole proprietorship in Slovakia. Your client is a legal entity in Germany. You have not reached the <samp>50,000 €</samp> threshold and do not want to become a VAT payer. However, if you are not registered under §7a, you <b>cannot legally issue an invoice without VAT,</b> and your client will not be able to accept such an invoice.</p>

<h2>How Does VAT Registration under §7a Work?</h2>
<p>To register under §7a, a sole proprietor must submit a special application to the Slovak tax office, <a href="https://www.financnasprava.sk/" target="_blank">Finančná správa.</a> The registration is done exclusively online through the portal, and an activated eID (electronic ID card) and electronic signature <i>(Slovak: KEP)</i> are required, or you need an authorized accountant who can act on your behalf.</p>
<p><b>⚠️ Important:</b> In practice, 99% of foreign entrepreneurs in Slovakia have not activated their eID for electronic communication with authorities, and they lack an electronic signature. Therefore, submitting the application by yourself is impossible. The optimal solution is to authorize an accountant or representative with access to the system. This is how we operate at Oki-Doki.sk.</p>
<p>The application must be submitted <b>before providing the service</b> to the client from the EU. That is, registration under §7a must be completed in advance so that you can legally issue invoices with the VAT ID <i>(IČ DPH).</i></p>
<div class="blog-services"><p>After submitting the application, the tax office reviews it within <b>1-2 weeks,</b> and after approval, you receive your <b>IČ DPH</b> (taxpayer identification number, format: SKXXXXXXXXXX).</p></div>

<h2>What to Do After Receiving a VAT Number under §7a: Reporting and Obligations</h2>
<p>After receiving your IČ DPH under §7a, you must <b>include this number in invoices</b> issued to clients from other EU countries. Such invoices are issued without VAT—marked with the reverse charge scheme <i>(Slovak: "prenesenie daňovej povinnosti").</i></p>
<p>You do not become a classic VAT payer in Slovakia—there is no obligation to charge/pay VAT and submit monthly VAT returns.</p>
<p>However, another obligation arises—<b>reporting on EU transactions.</b> If, in a specific quarter, you provided services to EU clients (legal entities or entrepreneurs), you must submit a <b>summary report</b> <i>(Slovak: súhrnný výkaz).</i> If there were no transactions, no report is required.</p>
<p>The report must be submitted <b>quarterly, electronically,</b> within 25 days after the end of the relevant quarter, through the same portal <a href="https://www.financnasprava.sk/" target="_blank">Finančná správa.</a> It is important to adhere to the submission deadlines and correctly indicate client details, otherwise penalties may apply.</p>
<p>At Oki-Doki.sk, we handle this reporting for our clients, monitor deadlines, and ensure everything is submitted on time.</p>

<h2>Frequently Asked Questions About VAT Registration under §7a in Slovakia</h2>
<p><b>Do I need to register under §7a if the client is an individual?</b><br/>
No. Registration under §7a is only required when providing services to legal entities and entrepreneurs from the EU (B2B). If your client is an individual (not an entrepreneur), registration is not needed. Such income is considered realized in Slovakia and is subject to the <samp>50,000 €</samp> threshold under §4.</p>
<p><b>Can I opt out of registering under §7a?</b><br/>
No, if you decide to provide services to B2B clients from the EU, you must register. It is a legal requirement, not an option. Non-compliance can lead to penalties and refusal of payment by your counterparty.</p>
<p><b>Do I need an accountant after registration?</b><br/>
Yes, especially if you regularly have clients from the EU. You need to submit quarterly summary reports <i>(Slovak: súhrnný výkaz)</i>—even if you do not pay VAT. Mistakes in reporting can lead to audits and penalties. We take care of this for you.</p>
<p><b>What happens if I don’t register?</b><br/>
You will not be able to legally issue an invoice without VAT, and your client may <b>refuse to pay.</b> Additionally, the tax office may impose additional obligations and penalties for violating VAT law.</p>
<p><b>Do I need to register under §7a if I’m already registered under §4 or §7?</b><br/>
No. If you are already a VAT payer under §4 or §7, then registration under §7a <b>is not required</b>—you already have an IČ DPH and can work with EU clients as a full VAT payer.</p>

<h2>How Oki-Doki.sk Helps with VAT Registration and Reporting</h2>
<p>We assist entrepreneurs in Slovakia in simplifying all VAT identification-related tasks:</p>
<div class="blog-services">
<h3>✅&nbsp;VAT Registration under §7a Turnkey Service&nbsp;— <samp>50 €</samp></h3>
<p>Through a power of attorney, no need for eID, KEP, or dealing with the tax portal.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Learn more about VAT Registration under §7a</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Accounting for Sole Proprietors&nbsp;— <samp>from 30 € per month</samp></h3>
<p>Including all your obligations, including VAT and declarations.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Learn more about Accounting Services</a></p>
</div>


VAT registration under §7a in Slovakia: when it’s mandatory for sole proprietors, how to apply, deadlines, EU client impact.

VAT Registration under §7a for Sole Proprietorships in Slovakia

1745354084151-vat-7a-registration-szco-slovakia.jpg

<h2>Introduction: Forms of Business in Slovakia for Foreigners</h2>
<p>Before starting a business in Slovakia, it is important to understand <b>what form you will work in.</b> This affects taxes, obligations, accounting, as well as your personal responsibility for the company's obligations.</p>
<p>There are several forms of entrepreneurship in Slovakia, but for most people—especially foreigners—the two most common are:<br/>
<b> 🔹 Sole Proprietor</b> <i>(Slovak: živnostník)</i><br/>
<b> 🔹 Limited Liability Company (LLC)</b> <i>(Slovak: s.r.o.)</i></p>
<p>Each form has its own features: the level of bureaucracy, registration cost, reporting requirements, and tax burden. Choosing the right one from the beginning can <b>save you thousands of euros and avoid problems with the migration service or tax authorities.</b></p>
<p>In this article, we will review the main forms of business in Slovakia, their pros and cons, and help you decide what is best for your situation.</p>

<h2>Sole Proprietor in Slovakia (živnostník): Pros and Features</h2>
<p>A Sole Proprietor (živnostník) is the simplest and most accessible form of business in Slovakia. It is ideal for <b>freelancers, consultants, IT professionals, craftsmen, and small businesses without employees.</b></p>
<p>Registration is quick and inexpensive—<b>you can open a sole proprietorship online in just a couple of days,</b> with minimal investment. There are no requirements for capital, no mandatory accountant, you can use fixed expenses, file a declaration once a year, and handle taxes and contributions yourself.</p>
<p>However, as a sole proprietor, you have <b>personal responsibility for the business's debts and obligations</b>—meaning you are personally liable. On the plus side, if the business is no longer relevant, <b>you can close or suspend your sole proprietorship in just one day.</b></p>
<p>If your income is around 33,000 € per year and you work alone, <b>this is the best starting option.</b></p>

<h2>LLC (s.r.o.) in Slovakia: Structure, Taxes, Responsibility</h2>
<p>An LLC is a full-fledged <b>legal entity,</b> separate from its physical founders. It is the second most popular form of business in Slovakia. This option is relevant if you plan to grow, attract partners, or work with corporate clients.</p>
<p>The number of founders can be one or more, with the ability to distribute shares flexibly, appoint directors, and change the management structure. LLCs are more favorably perceived by large clients, which is an advantage for reputation and contracts.</p>
<p><b>Responsibility is limited to the capital contribution,</b> meaning that in case of debts or disputes, the personal assets of the founders are not at risk (unlike with a sole proprietorship).</p>
<p>Accounting is mandatory: you must maintain double-entry bookkeeping <i>(Slovak: podvojné účtovníctvo)</i>, file reports and declarations, and monitor cash flow.</p>
<p>There are also advantages in terms of insurance: <b>no contributions to social insurance.</b> This reduces the burden compared to a sole proprietorship.</p>
<p style="margin-bottom: 5px;">The tax system is progressive:</p>
 <ul style="margin-top: 7px;">
<li><b>10%</b>&nbsp;— for annual income <samp>up to 100,000 €</samp></li>
<li><b>21%</b>&nbsp;— if the income is <samp>over 100,000 €</samp> but <samp>up to 5 million €</samp></li>
<li><b>24%</b>&nbsp;— if the income exceeds <samp>5 million €</samp></li>
</ul>

<h2>Other Forms of Business in Slovakia: Joint Stock Company, Nonprofit Organizations, etc.</h2>
<p>Besides sole proprietorships and LLCs, Slovakia also has other organizational forms, but these are less common and used for more specific cases.</p>
<p><b>🔹 Joint Stock Company</b> <i>(Slovak: a.s.)</i>&nbsp;— a complex and costly form primarily for <b>large businesses.</b> It requires significant capital (at least <samp>25,000 €</samp>), a complex corporate structure, official publications, and full financial transparency.</p>
<p><b>🔹 Nonprofit Organizations, Civil Associations</b> <i>(Slovak: občianske združenie)</i>&nbsp;— used for <b>social, educational, cultural, and charitable projects.</b> They are not intended for conducting commercial activities but can receive funding and grants.</p>
<p>For 99% of entrepreneurs, especially foreigners, <b>these forms are irrelevant.</b> In practice, the choice boils down to deciding between <b>sole proprietorship and LLC.</b></p>

<h2>What to Choose: Sole Proprietor or LLC in Slovakia—Comparison and Recommendations</h2>
<p>The choice between sole proprietorship and LLC depends on <b>income, business model, number of partners, tax burden, and level of risk.</b></p>
<p>If your annual income is <b><samp>up to 33,000 €</samp></b>, you work alone, and you want minimal reporting—<b>a sole proprietorship is the most advantageous and simple option.</b> Registration is cheap, taxes and contributions are low (especially in the first year), accounting is simplified, and everything can be done online.</p>
<p>If you aim for <b>growth, building a team, attracting investments,</b> work with corporate clients, and need a more "solid" status—it's better to choose an <b>LLC from the start.</b> This is a legal entity where responsibility is limited, and you can structure it flexibly, but reporting is more complicated.</p>
<p>In general, if you are unsure which to choose—<b>starting with a sole proprietorship is better.</b> You can always close it and open an LLC when the business matures.</p>
<div class="blog-services"><p><b>⚠️ Special Attention to Entrepreneurs from Third Countries with Business-Related Residence Permits in Slovakia.</b></p></div>
<p style="margin-bottom: 5px;">A foreigner with a residence permit for business purposes can register both a sole proprietorship and an LLC simultaneously. It is much more convenient to <b>link the residence permit to the sole proprietorship.</b> Why is this wise:</p>
<ul style="margin-top: 7px;">
<li><b>Easier residence permit renewal</b> — you just need to show minimum income from the sole proprietorship, and the migration service doesn’t require high profits or complicated reporting.</li>
<li><b>Use regular state medical insurance</b>, instead of commercial insurance for directors.</li>
<li><b>Less bureaucracy and formal risks.</b></li>
</ul>

<h2>Sole Proprietorship or LLC Registration for Entrepreneurs from Third Countries: Requirements and Documents</h2>
<p>For citizens of third countries (outside the EU, EEA, and OECD), opening a business in Slovakia is possible, but <b>requires a residence permit for business purposes.</b></p>
<div class="blog-services"><p>⚠️ If you don’t yet have a residence permit, you must first obtain <b>a sole proprietorship license or company documents,</b> and based on these, submit a residence permit application. However, you cannot engage in business activities <b>until you obtain the residence permit.</b></p></div>

<h2>How We Help with Business Registration in Slovakia—Solutions from Oki-Doki.sk</h2>
<p>We assist entrepreneurs from the EU and third countries at every stage of starting and running a business in Slovakia:</p>
<div class="blog-services">
<h3>✅&nbsp;Sole Proprietorship Registration&nbsp;— <samp>from 105 €</samp></h3>
<p>We prepare the application, translate the criminal record certificate, submit it to authorities, and provide a business address.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about Sole Proprietorship Registration</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;LLC Registration&nbsp;— <samp>from 350 €</samp></h3>
<p>Turnkey service: from founding documents to publication in the registry.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about LLC Registration</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Accounting Services&nbsp;— <samp>from 30 €/month</samp></h3>
<p>Tax declaration submission, VAT registration under §7a, contribution calculations, quarterly reports.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about Accounting Services</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Assistance with Residence Permit Registration and Renewal</h3>
<p>Consultations, application submission, booking at the migration police, document package verification.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about Residence Permit Services</a></p>
</div>


Sole proprietorship or LLC in Slovakia: what to choose? Tax comparison, liability, startup costs, accounting, pros and cons.

Types of Business Entities in Slovakia: Sole Proprietorship, LLC and Others

1745354104507-forms-of-business-in-slovakia.jpg

<h2>Introduction: What is GDPR and Why Is It Important for Business in Slovakia</h2>
<p>GDPR is a European-wide regulation on the protection of personal data. Its goal is to ensure citizens have control over their data and to standardize the approach to data processing across all EU countries. In theory, this sounds great. In practice, however, it’s another wave of bureaucracy that complicates life for businesses, especially small ones.</p>
<p>It sounds smart but is implemented awkwardly. Hundreds of pages of legal text just so someone can check a box on a form on a website. But what can you do—<b>compliance is necessary,</b> otherwise, you’ll face fines.</p>
<p>If you run a business in Slovakia, even as a sole proprietor, and process personal data (name, email, phone number of clients)—you are subject to GDPR. This applies to stores, freelancers, agencies, and anyone with a form on their website or a client list.</p>
<p>In this article, we will explain <b>what you need to do to sleep soundly and avoid fines.</b> No unnecessary theory, just practical steps and specific solutions.</p>

<h2>Who Must Comply with GDPR in Slovakia: Sole Proprietors, Companies, Online Services</h2>
<p>GDPR <b>applies to everyone</b> who, as part of their activities, <b>collects, stores, uses, or transfers personal data.</b> It doesn't matter how many clients you have, how small your business is, whether you operate online or offline—if you are a sole proprietor <i>(Slovak: živnostník)</i> or have an LLC in Slovakia, <b>you must comply with GDPR requirements.</b></p>
<p>Personal data includes not only passport information or photos but also <b>names, phone numbers, email addresses, delivery addresses, IP addresses, correspondence, subscriptions, client and employee data.</b> Even if you just place a "Leave a Request" form on your website, that’s already data processing.</p>
<p style="margin-bottom: 5px;">Typical cases include:</p>
<ul style="margin-top: 7px;">
<li>an online store collects client contact details,</li>
<li>an entrepreneur maintains a CRM,</li>
<li>you send newsletters or promotional offers by email—this all <b>falls under GDPR.</b></li>
</ul>
<p>There are <b>no exceptions for “very small businesses.”</b> The law is the same for everyone.</p>

<h2>Main GDPR Obligations for Entrepreneurs in Slovakia</h2>
<p>To avoid violating GDPR and facing fines, entrepreneurs in Slovakia must follow a set of rules when processing personal data. Here’s what you <b>must do</b> if you collect and process any personal data:</p>
<p><b>🔹 Inform</b>&nbsp;— you must clearly and transparently inform the client about what data you are collecting, why, on what grounds, and how long you will store it. This is done through a privacy policy or text near the form on your website.</p>
<p><b>🔹 Obtain consent,</b> if there is no other legal basis. For example, for email newsletters, marketing, the use of cookies, and analytics—explicit consent from the user is required.</p>
<p><b>🔹 Ensure data protection</b>&nbsp;— you must restrict access to data, store it securely (in password-protected systems, encrypted clouds, etc.), and not share it with third parties without justification.</p>
<p><b>🔹 Delete data upon request</b>&nbsp;— if a client requests the deletion of their data, you must comply. There are exceptions (for example, if the data is needed for accounting purposes), but generally, the right to "be forgotten" applies.</p>
<p><b>🔹 Maintain internal documentation</b>&nbsp;— track who does what with the data, where it is stored, and how it is protected. Even if you have 10 clients, a basic table and description of processes should be maintained.</p>
<p><b>🔹 Notify about data breaches</b>&nbsp;— if a data breach occurs or data is lost/stolen, you must report it to the Office for Personal Data Protection of Slovakia (<i>Úrad na ochranu osobných údajov</i>) within 72 hours.</p>

<h2>Typical Documents for GDPR Compliance: Privacy Policy, Consent, Registers</h2>
<p>To comply with GDPR, an entrepreneur who processes personal data must have certain documents in place.</p>
<p><b>🔹 Privacy Policy</b>&nbsp;— the primary document in which you explain to your clients what data you collect, why, how it is processed, to whom it is transferred, how long you store it, and how they can request deletion. This document should be published on your website or provided to the client before collecting any data.</p>
<p><b>🔹 Consent to data processing</b>&nbsp;— needed if you collect data not under a contract but, for example, for marketing, email newsletters, or analytics. Consent must be explicit, voluntary, and documented.</p>

<h2>Responsibility and Fines for Violating GDPR in Slovakia</h2>
<p>Violations are punishable by real fines, and the amounts are significant: <b>up to 20 million euros or up to 4% of annual turnover.</b></p>
<p>In Slovakia, compliance is monitored by the <b>Office for Personal Data Protection</b> (<i>Úrad na ochranu osobných údajov</i>). Inspections can be <b>complaint-based</b> or <b>random</b>&nbsp;— especially for those who operate online or deal with clients from other EU countries.</p>
<p>In practice, fines are more often imposed for simple mistakes, such as lacking a privacy policy, rather than for data breaches.</p>

<h2>How to Comply with GDPR with the Help of Oki-Doki.sk — Ready Solutions</h2>
<p>We help you <b>avoid getting lost in the GDPR bureaucracy</b> and organize everything so that you won’t have any issues with the authorities.</p>
<div class="blog-services">
<h3>✅&nbsp;We Organize the Necessary Documentation</h3>
<p>Privacy policies, consent templates tailored to your business: online stores, services, agencies, etc.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact Us</a></p>
</div>


GDPR in Slovakia: what sole proprietors and companies must know, how to comply, avoid fines, document templates, best practices.

GDPR Compliance in Slovakia. Duties of Sole Proprietorships and Companies

1745354249930-gdpr-in-slovakia.jpg

<h2>Introduction: Criminal Record Certificate for Registering a Sole Proprietorship (živnosť) or LLC in Slovakia</h2>
<p>A criminal record certificate is one of the key documents required for foreigners to register a business in Slovakia. It confirms that the applicant has no criminal convictions and is necessary for the legal clarity and safety of business activities in the country.</p>
<p>This document is <b>mandatory for all foreigners</b> — both when registering a sole proprietorship <i>(Slovak: živnostník)</i> and when opening a legal entity <i>(Slovak: s.r.o.),</i> if the foreign national is appointed as the company’s director.</p>
<p style="margin-bottom: 5px;">It is important to understand the difference:</p>
<ul style="margin-top: 7px;">
<li>When registering a <b>sole proprietorship</b>, a criminal record certificate is always required.</li>
<li>When creating a <b>LLC</b>, the certificate is required <b>only from the director, not the founder</b>, if they are not performing management functions.</li>
</ul>
<p>In this article, we will explain where to obtain the certificate, the requirements for its processing, when an apostille and certified translation are required, and how to simplify this process with the help of Oki-Doki.sk.</p>

<h2>Which Country Requires the Criminal Record Certificate for Sole Proprietorship / LLC</h2>
<p>Slovak law requires that the criminal record certificate be provided <b>from the country of citizenship.</b></p>
<p><b>Alternatively</b>, you can provide a <b>certificate from the country where the person has lived continuously for more than 6 months during the last 5 years.</b> For example, if the foreigner has lived in another EU country or outside it, they can provide a certificate from there. This residence must be documented, for example, with a residence permit or other official confirmations.</p>
<p>Thus, if you have lived in Slovakia for more than 6 months, you can provide a Slovak criminal record certificate.</p>
<b>How to Obtain a Slovak Criminal Record Certificate?</b>
<p>To obtain a Slovak criminal record certificate, you need to visit the nearest Slovak Post office. Usually, it’s enough to present an identification document, such as a passport or residence card. However, sometimes officials may ask you to provide a birth certificate, translated by a certified translator into Slovak. If you don’t have this document, we recommend visiting another branch of the Slovak Post office ;) If you have the birth certificate, we can provide its certified translation.</p>
<p>The cost of this service is 3.50 €, and it can be obtained within an hour. The Slovak criminal record certificate is called “Výpis z registra trestov.”</p>
<p><a href="/en/sluzby/prekladatelske-sluzby" target="_blank">Details about translation services.</a></p>
<div class="blog-services"><p><b>⚠️ Important:</b> The criminal record certificate <b>must be issued no more than 90 days before submitting documents</b> in Slovakia. Old certificates (even if they do not have an expiration date) are not accepted after 90 days from the issuance date.</div>

<h2>Requirements for Criminal Record Certificates and Translation in Slovakia</h2>
<p>The criminal record certificate submitted to Slovak authorities must meet several formal requirements.</p>
<p>First, <b>the document must have an apostille</b> — an official stamp confirming the authenticity of the certificate. Without an apostille, the certificate will not be accepted in Slovakia (exceptions may exist only by bilateral agreements with certain countries).</p>
<p>Second, a <b>certified translation into Slovak</b> is required, made by a translator registered in the official register of certified translators. Regular translations are not accepted.</p>
<p>If you are registering a Sole Proprietorship or LLC through us, <b>you do not need to send the original. It is enough to send a scanned copy of the certificate with the apostille,</b> and we will do the certified translation and submit the document to the authorities. Everything is handled for you, without the need for a personal visit.</p>

<h2>Where and How to Obtain a Criminal Record Certificate and Certified Translation</h2>
<p>The process of obtaining a criminal record certificate depends on the country where you are obtaining it. Below is a brief overview of the most popular directions among our clients.</p>
<p><b>Ukraine:</b> The criminal record certificate with an apostille can be <b>ordered online through our service.</b> We fully handle the process, including apostille and translation. <b>Processing time: 15 to 25 business days.</b></p>
<p><b>Poland:</b> The certificate with an apostille can also be <b>arranged remotely through us,</b> with apostille and translation. <b>Processing time: 5 to 10 business days.</b></p>
<p style="margin-bottom: 5px;"><b>Other countries:</b> The procedure may differ, but in most cases, it requires:</p>
<ul style="margin-top: 7px;">
<li>requesting a criminal record certificate, for example, from the Ministry of Internal Affairs,</li>
<li>getting an apostille from the Ministry of Justice or other authorized bodies,</li>
<li>sending us a scanned copy of the document — and we will provide a <b>certified translation into Slovak.</b></li>
</ul>

<h2>Criminal Record Certificate, Translation, and Apostille with Oki-Doki.sk</h2>
<p>We simplify the document preparation process for you — without bureaucracy, travel, or language barriers.</p>
<div class="blog-services">
<h3>✅&nbsp;Criminal Record Certificate from Ukraine and Poland&nbsp;— <samp>from 80 €</samp></h3>
<p>Online, turnkey service with apostille and certified translation into Slovak.<br/>
<a href="/en/sluzby/prekladatelske-sluzby" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Certified Translations into Slovak&nbsp;— <samp>from 25 €/page</samp></h3>
<p>Only by certified translators.<br/>
<a href="/en/sluzby/prekladatelske-sluzby" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Full Package of Documents for Sole Proprietorship Registration</h3>
<p>Comprehensive service including translations, apostilles, applications, and submissions to authorities.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;LLC Registration</h3>
<p>Comprehensive solution for LLC registration in Slovakia.<br/>
<a href="/en/sluzby/zalozenie-sro" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>


Need a sworn translation of your criminal record certificate for registering a Sole Proprietorship or LLC in Slovakia? Fast, certified, accepted everywhere.

Sworn Translation of Criminal Record Certificate for Business Registration

1745354313709-criminal-record-certificate.jpg

<h2>Introduction: How to Suspend or Close a Sole Proprietorship (živnosť) in Slovakia</h2>
<p>If a sole proprietor <i>(Slovak: živnostník)</i> in Slovakia temporarily stops their business activities or decides to end their business, they have two options: <b>suspend</b> or <b>fully close the Sole Proprietorship.</b> These procedures are not the same and have different consequences.</p>
<p><b>Suspension of activity</b>&nbsp;is a temporary measure. The entrepreneur keeps their registration but is relieved from most obligations: there is no need to pay insurance contributions, submit reports, or maintain accounting. At the same time, the Sole Proprietorship can be easily and quickly resumed.</p>
<p><b>Closing the Sole Proprietorship</b>&nbsp;is the final termination of business activity. In this case, the license number is canceled, and reopening the business will require going through the entire procedure again. This is relevant if you are leaving Slovakia or definitely do not plan to return to entrepreneurship.</p>
<p>In the following sections, we will discuss in detail how to suspend or close a Sole Proprietorship, and what to pay attention to in each case.</p>

<h2>Suspension of Activity for Sole Proprietors in Slovakia</h2>
<p style="margin-bottom: 5px;">You can apply for a suspension through a request submitted:</p>
<ul style="margin-top: 7px;">
<li>online through the slovensko.sk portal (electronic signature and eID required),</li>
<li>in person at the business office <i>(Slovak: Živnostenský úrad),</i></li>
<li>or through an authorized representative (via power of attorney, <a href="/en/sluzby/zmena-zivnosti" target="_blank">for example, by using OkiDoki's services).</a></li>
</ul>
<p><b>The minimum suspension period is 1 month,</b> and the maximum is <b>3 years.</b> After this period, if the activity is not resumed, the Sole Proprietorship is automatically restored, and all obligations are reinstated.</p>
<p>It is very important to <b>notify your health and social insurance</b> companies about the suspension. Otherwise, contributions may continue to accrue even if no business activities are being carried out.</p>
<p>We recommend submitting official notifications to the insurance companies.</p>

<h2>Resuming Activity After a Suspension of Sole Proprietorship</h2>
<p style="margin-bottom: 5px;">If you decide to resume business activities after a suspension, you must officially <b>submit a resumption request.</b> This can be done:</p>
<ul style="margin-top: 7px;">
<li>through the slovensko.sk portal (with eID and an electronic signature),</li>
<li>in person at the business office <i>(Slovak: Živnostenský úrad),</i></li>
<li>or through a representative via power of attorney <a href="/en/sluzby/zmena-zivnosti" target="_blank">(for example, by using OkiDoki's services).</a></li>
</ul>
<p>The request takes effect from the specified date—you can choose any upcoming date from which you want to return to work. Once the activity resumes, the entrepreneur is again <b>obligated to pay contributions.</b></p>

<h2>Full Closure of a Sole Proprietorship in Slovakia: Documents, Deadlines, Notifications</h2>
<p style="margin-bottom: 5px;">If you decide to completely stop your entrepreneurial activity in Slovakia, you need to submit a <b>termination request</b> <i>(Slovak: zrušenie živnosti).</i> This can be done:</p>
<ul style="margin-top: 7px;">
<li>through the slovensko.sk portal (with eID and an electronic signature),</li>
<li>in person at the business office <i>(Slovak: Živnostenský úrad),</i></li>
<li>or through a representative via power of attorney or through a representative <a href="/en/sluzby/zmena-zivnosti" target="_blank">(for example, by using OkiDoki's services).</a></li>
</ul>
<p>The request can be submitted <b>for a specific date</b>—you can choose for the Sole Proprietorship to end immediately or in the future, for example, in a week or a month. This is convenient if you need to complete settlements or resolve legal and tax issues.</p>
<p>It is also <b>recommended to notify the insurance funds about the termination of activities</b> to avoid further contributions after closing the Sole Proprietorship. We can help with this as well— we will handle all notifications for you.</p>

<h2>Do You Need to Submit a Tax Declaration When Closing a Sole Proprietorship?</h2>
<p>Yes, <b>filing a tax declaration is mandatory,</b> even if you close the Sole Proprietorship during the year. The declaration will reflect all income and expenses from the beginning of the year until the date of business termination.</p>

<h2>How Oki-Doki.sk Helps with Closing or Suspending a Business</h2>
<p>We help entrepreneurs in Slovakia not only open a Sole Proprietorship but also properly suspend or close their business when necessary.</p>
<div class="blog-services">
<h3>✅&nbsp;Suspension / Closure of Sole Proprietorship&nbsp;— <samp>from 40 €</samp></h3>
<p>We will prepare and submit the suspension or closure request.<br/>
<a href="/en/sluzby/zmena-zivnosti" target="_blank">👉&nbsp;Sole Proprietorship Suspension / Closure online</a></p>
</div>


Step-by-step guide to suspending or closing a sole proprietorship in Slovakia: notifications, insurance, taxes, reporting.

How to Suspend or Close a Sole Proprietorship in Slovakia

1745354416127-closure-suspension-sole-trader-in-slovakia.jpg

<h2>Introduction: Health and Social Insurance for Sole Proprietors in Slovakia</h2>
<p>Every sole proprietor <i>(Slovak: živnostník)</i> in Slovakia is required to pay insurance contributions — to health insurance and <i>(from the second year)</i> to social insurance companies. These contributions are mandatory for both Slovak citizens and foreign entrepreneurs with a residence permit (VŽ).</p>
<p>It is important to understand when and which contributions arise, how the amount is calculated, and what influences its change. Non-payment or late payment of contributions can result in fines, penalty charges, refusal to renew the residence permit, and other problems with government authorities.</p>
<p>In this article, we will break down how contributions work for sole proprietors in Slovakia: from minimum amounts to deadlines, recalculations, and the specifics of filing notifications in case of business suspension.</p>

<h2>Health Insurance (zdravotné poistenie) for Sole Proprietors</h2>
<p>The obligation for a sole proprietor in Slovakia to pay contributions to the health insurance system arises <b>from the first day of business activity</b> — that is, from the moment the Sole Proprietorship is officially <b>registered in the business register (<a href="https://zrsr.sk" target="_blank">zrsr.sk</a>).</b> Regardless of actual income, the entrepreneur must register with one of the health insurance companies (VšZP, Dôvera, or Union) after the start of business activities.</p>
<p><b>👉&nbsp;We can register you with a health insurance company</b> when you register your Sole Proprietorship. Just specify in your order which insurer (VšZP, Dôvera, or Union) you would like to be insured with, and we will handle it for you.</p>
<p>The minimum advance payment for 2025 is <b><samp>107.25 € per month.</samp></b> This amount is reviewed annually and increases on January 1st. During the year, the entrepreneur pays advance contributions (107.25 € per month), and after submitting the tax declaration, the insurance company recalculates and notifies of any additional payments.</p>
<p>The actual contribution amount depends on the level of profit: 15% of the calculated base determined by the tax declaration results. The higher the profit, the higher the final contributions.</p>
<div class="blog-services"><p><b>⚠️ Important:</b> If the entrepreneur suspends or closes their Sole Proprietorship, <b>it’s better to notify your health insurance company,</b> to avoid further contributions. Otherwise, the contributions will continue to be charged even without business activity. The notification can be submitted in person, in writing, or by email.</p></div>

<h2>Social Insurance (sociálne poistenie) for Entrepreneurs</h2>
<p>Contributions to the social insurance company <i>(Slovak: Sociálna poisťovňa)</i> for sole proprietors in Slovakia become mandatory <b>from the second year of activity</b>&nbsp;— but only if the income in the first year exceeded the established threshold. In 2025, this threshold is <b><samp>8,580 €.</samp></b></p>
<p>If the income from the first-year tax declaration exceeds the threshold, the entrepreneur will receive a notification from the Social Insurance about the obligation to start paying contributions. <b>Payments start on July 1,</b> or <b>on October 1,</b> if the declaration submission was extended to June 30.</p>
<p>The minimum monthly contribution for 2025 is <b><samp>237.02 €.</samp></b> This amount is recalculated annually depending on changes in the minimum subsistence level.</p>
<div class="blog-services"><p>The basic formula for calculating the insurance base: <b><samp>Net profit / 1.486 / 12 months</samp></b></p></div>
<p>If, by the end of the following year, the Sole Proprietor's income <b>falls below the established threshold,</b> the obligation to pay social contributions <b>ceases</b> — and the entrepreneur will again become a “non-payer” of social insurance. This update takes effect on July 1 or October 1 of the following year, depending on the submission deadline.</p>

<h2>How to Pay Mandatory Health and Social Insurance Contributions</h2>
<p>Health and social insurance contributions are paid via <b>bank transfer</b> to the individual account in the respective insurance fund. Each entrepreneur is assigned a <b>unique account number and variable symbol,</b> which must be provided during payment to ensure the contributions are properly credited.</p>
<p>To find your unique account number and variable symbol for payment to your health insurance provider, you can contact any branch of the insurance company or send an email to their client support.</p>
<p>It’s important not to miss payment deadlines: failure to pay contributions may lead to <b>fines, penalty charges,</b> and for foreign entrepreneurs, <b>problems when renewing the residence permit.</b> Even a small debt will result in the system treating you as a “debtor.”</p>
<p style="margin-bottom: 5px;">You can check for outstanding debts on the official portals of the insurance companies:</p>
<ul style="margin-top: 7px;">
<li>VšZP: <a href="https://www.vszp.sk/platitelia/platenie-poistneho/zoznam-dlznikov.html" target="_blank">zoznam-dlznikov.vszp.sk</a></li>
<li>Dôvera: <a href="http://dovera.sk/dlznici" target="_blank">dovera.sk/dlznici</a></li>
<li>Union: <a href="https://portal.unionzp.sk/onlinepobocka/pub/zoznam-dlznikov" target="_blank">portal.unionzp.sk</a></li>
<li>Social Insurance: <a href="https://www.socpoist.sk/nastroje-sluzby/zoznam-dlznikov" target="_blank">socpoist.sk</a></li>
</ul>

<h2>What Happens to Contributions When Suspending or Closing a Sole Proprietorship</h2>
<p>If you decide to suspend or fully close your Sole Proprietorship in Slovakia, it is important not to limit yourself to only the registration actions in the business registry. <b>It is recommended to notify both the health and social insurance companies</b>&nbsp;— this will help avoid unnecessary contribution charges and debts.</p>
<p>From the moment business activity is suspended, the entrepreneur’s <b>obligation to pay insurance contributions ends,</b> but only if the respective insurance funds are officially notified.</p>
<p>The notification can be submitted: in person at a branch, by email (for health insurance), or via the portal <a href="https://www.slovensko.sk" target="_blank">slovensko.sk,</a> if you have eID and an activated electronic signature.</p>
<p>If you don't want to deal with this yourself, we can notify Social Insurance on your behalf—quickly, correctly, and officially. Just let us know about the suspension or closure of your Sole Proprietorship, and we’ll prepare everything necessary for submission through the slovensko.sk portal on your behalf.</p>
<div class="blog-services">
<h3>✅&nbsp;Suspension / Closure of Sole Proprietorship&nbsp;— <samp>from 40 €</samp></h3>
<p>We will prepare and submit the suspension or closure application.<br/>
<a href="/en/sluzby/zmena-zivnosti" target="_blank">👉&nbsp;Sole Proprietorship Suspension / Closure online</a></p>
</div>

<h2>Help with Calculations and Insurance from Oki-Doki.sk</h2>
<p>We support sole proprietors in Slovakia at every stage and help them meet all insurance and tax obligations without unnecessary hassle.</p>
<div class="blog-services">
<h3>✅&nbsp;Consultations</h3>
<p>For example, we’ll notify Social Insurance on your behalf.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact us</a></p>
</div>


Health and social insurance for sole proprietorships in Slovakia: when and how to pay, minimum contributions, registration, fines.

Health and Social Insurance for Sole Proprietorships in Slovakia

1745354508664-insurance-for-sole-traders-in-slovakia.jpg

<h2>Introduction: What is a Type B Tax Declaration?</h2>
<p>Sole Proprietors <i>(Slovak: živnostníci)</i> in Slovakia are required to file an <b>annual Type B tax declaration</b> <i>(Slovak: daňové priznanie typ B)</i>&nbsp;— even if they had no income during the year. This is the main form of reporting to the tax authorities and one of the key documents on which taxes and insurance contributions are calculated.</p>
<p>Failure to file the declaration or errors in it can lead to <b>tax penalties</b> (ranging from <samp>30 €</samp> to several hundred euros), as well as <b>interest charges for late submission.</b></p>
<p>In this article, we will explain who is required to file the declaration, how to fill it out correctly and submit it, the deadlines, and what happens after submission. All with practical examples and explanations.</p>

<h2>Who is Required to File the Type B Declaration — Non-Resident Sole Proprietors</h2>
<p>The Type B tax declaration in Slovakia must be filed by all sole proprietors who exceed the established tax threshold. In 2025, this threshold is <b><samp>2,823.24 €.</samp></b> This applies to both Slovak and EU citizens as well as third-country nationals who have a registered Sole Proprietorship.</p>
<p>For third-country nationals with a residence permit for entrepreneurship, the declaration is particularly important: when renewing the residence permit, the immigration police check whether the declaration has been submitted and whether the income level is sufficient. The minimum required income is <b>20 times the minimum subsistence level.</b></p>

<h2>Deadlines for Filing the Sole Proprietor Declaration in Slovakia: Standard and Extended</h2>
<p>The Type B tax declaration must be filed annually, with the standard filing deadline being <b>by March 31</b> of the year following the reporting year.</p>
<p>However, the entrepreneur can <b>extend this deadline until June 30</b> by submitting a notification <i>(Slovak: oznámenie o predĺžení lehoty)</i> no later than March 31. This notification must be submitted electronically through the tax portal financnasprava.sk (e.g., by an accountant).</p>
<p>Extending the deadline gives additional time to both file the declaration and pay the calculated tax, without the risk of penalties for late submission.</p>

<h2>How to File the Sole Proprietor Tax Declaration: Through an Accountant or Personally</h2>
<p>The Type B tax declaration is submitted exclusively online via the Slovak tax authority portal — financnasprava.sk. To submit, you must have an activated electronic signature <i>(Slovak: KEP)</i> and access through eID <i>(passport or residence permit with a chip),</i> or you can grant an electronic <b>power of attorney to an accountant.</b></p>
<p>The structure of the declaration includes sections with personal and contact information, income and expense details, final profit, and the choice of expense accounting method — either fixed <i>(60% of income, but no more than <samp>20,000 €</samp>)</i> or actual <i>(based on supporting documents).</i> The declaration also includes the applied non-taxable minimum and calculations for mandatory contributions.</p>
<p>It’s important to understand that filling out the declaration on your own requires time, attention, and knowledge of the nuances. <b>It’s wiser for entrepreneurs to focus on their business— the declaration submission can be confidently entrusted to specialists.</b> We’ll handle everything for you: from calculations and preparation to submission and communication with the tax authorities.</p>

<h2>How to Pay the Tax After Submission and What Obligations Arise for Sole Proprietors</h2>
<p>After submitting the declaration, the calculated tax must be paid by March 31 or by June 30 if the filing deadline has been officially extended. Payment is made to the individual tax account <i>(Slovak: osobný účet daňovníka).</i></p>
<p>Based on the submitted data, the health insurance company will recalculate the mandatory contributions for the previous year. If advance payments were lower than the calculated amount, there will be an additional payment, which must be settled within the established deadlines. Additionally, after submitting the declaration, the Social Insurance office will check if you need to start paying social contributions starting the following July. This applies to those whose income in the second year of business exceeded the established income threshold.</p>
<p>If the tax amount calculated from the declaration exceeds <b><samp>3,000 €,</samp></b> the entrepreneur will be required to pay the tax in the form of <b>quarterly advance payments for the following year.</b> This can significantly impact the budget, especially if it wasn’t accounted for during planning.</p>
<div class="blog-services"><p>For an approximate calculation of taxes, insurance, and other deductions, it’s convenient to <b>use our online tool:</b> <a href="/en/utils/kalkulacka-szco" target="_blank">👉&nbsp;Sole Proprietor tax calculator.</a> It will show an estimate of your tax burden and help you understand what to prepare for.</p></div>

<h2>How We Help with Sole Proprietor Tax Declarations — Solutions from Oki-Doki.sk</h2>
<p>We help entrepreneurs in Slovakia not only submit declarations but also keep accounting systems in order, stress-free. If you're a Sole Proprietor — just hand over your calculations and documents, and we’ll handle the rest: we’ll calculate the taxes, prepare and submit the declaration, advise on insurance, and prepare for the residence permit extension.</p>
<div class="blog-services">
<h3>📌&nbsp;Accountant Services&nbsp;— <samp>from 30 € per month</samp></h3>
<p>This is a reliable way to avoid mistakes, penalties, and wasting time. We’re on your side— always.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Learn more about Sole Proprietor accounting services</a></p>
</div>


Type B tax return for sole proprietorships in Slovakia: deadlines, structure, submission, examples, reporting obligations.

Tax Return for Sole Proprietorships in Slovakia (Type B Form)

1745354566877-tax-declaration-in-slovakia.jpg

<h2>Introduction: Residence Permits and Business in Slovakia for Third-Country Nationals</h2>
<p>Third-country nationals are individuals who do not hold the citizenship of Slovakia, any European Union (EU) country, the European Economic Area (EEA), or the Organisation for Economic Co-operation and Development (OECD).</p>
<p>To conduct business activities in Slovakia, these foreigners must obtain a temporary residence permit (TRP) for the purpose of entrepreneurship.</p>
<p>Unlike EU or Slovak citizens, third-country nationals are required to <b>strictly adhere to the conditions set by law.</b></p>
<p>Even after successfully registering as a Sole Proprietor (SZČO) or Limited Liability Company (LLC), the entrepreneur still has obligations regarding the residence permit, reporting, insurance, taxation, and conducting business according to the stated purpose of stay.</p>
<p>Failure to comply with these requirements can lead not only to fines but also to <b>revocation of the residence permit.</b> Therefore, it is essential not only to properly register the business but also to systematically fulfill all obligations after its launch.</p>

<h2>Requirements for Residence Permits for Entrepreneurs from Third Countries</h2>
<p>For third-country nationals, conducting business in Slovakia is possible <b>only with a valid temporary residence permit (TRP)</b> for entrepreneurship <i>(Slovak: účel podnikanie)</i> or temporary asylum <i>(Slovak: dočasné útočisko).</i> This residence permit is strictly tied to its purpose</b>&nbsp;— and its extension is possible only if all established conditions are met.</p>
<h3>Main obligations for the residence permit:</h3>
<p>The TRP <b>must match the purpose of stay.</b> If you are a Sole Proprietor (SZČO) or an LLC, you must <b>maintain it in active status</b> <i>(you cannot close your business or liquidate your LLC).</i></p>
<p>The TRP must be <b>renewed before it expires.</b> It is recommended to apply no later than <b>60 days before expiration.</b> Applications can only be submitted <b>by appointment</b> through the <a href="https://portal.minv.sk/wps/portal/domov/ecu/ecu_elektronicke_sluzby/ecu-vysys/!ut/p/a1/pZJNDoIwEEbP4gn6tZZCl60_bVEkqERlY1gZEkUXxvMLRBdorCbObpL3ZjozJQXZkqIub9WhvFbnujy2eSH2HKOJjWeIjVRDZEIzFaQpAN4AuwbAh1Do-1gGU2TUWJ0YMHD28D1Az4_suik6mwZWZoshDH3134GenyZUQOXJWiuZM5jn-0dGWR7O24kiBjfWdhzKBHDit_k9Df7yEfzpf-2_IUWHUMYc1asGiTIJZZwI2URTRPQL4PAAfDvsAN8n8Z6p3YIf4ORyyrvYonKVU4M7UEEQug!!/dl5/d5/L2dBISEvZ0FBIS9nQSEh/" target="_blank">reservation system.</a> The processing time for the TRP renewal application is 90 days. At the time of writing, it is possible to extend the TRP even after its expiration date.</p>
<p style="margin-bottom: 5px;">When applying for a renewal:</p>
<ul style="margin-top: 7px;">
<li><b>You must not have any debts</b> to the tax office, health insurance, or social insurance.</li>
<li>You need to confirm a <b>minimum income</b> of <b>20 times the minimum subsistence level</b> for Sole Proprietors and <b>60 times the minimum subsistence level</b> for LLCs.</li>
</ul>
<p>If you <b>change your address</b>, you need to notify the immigration police and submit an application for your new address.</p>
<p>It is mandatory to have <b>health insurance for the entire duration</b> of the residence permit (public insurance for Sole Proprietors or private commercial insurance for LLC directors).</p>
<p><b>You cannot be employed</b> — a residence permit for entrepreneurship <b>does not grant the right to work</b> in employment <i>(including in your own company under an employment contract).</i></p>
<p>It is mandatory to have <b>actual residence in Slovakia for at least 180 days per year.</b> If you are outside the country for more than half a year, this is grounds for revoking the residence permit.</p>

<h2>Accounting and Tax Reporting for Entrepreneurs in Slovakia</h2>
<p>After registering as a Sole Proprietor or LLC, the entrepreneur is required to <b>maintain accurate accounting, submit declarations, and reports on time.</b> Even if there is no income, reporting is still mandatory.</p>
<h3>Sole Proprietor <i>(Slovak: živnostník):</i></h3>
<ul>
<li><b>Annual tax declaration</b>&nbsp;— required if income exceeds the set minimum <i>(2,823.24 € in 2025).</i></li>
<li>Transaction tax and reporting (if a non-Slovak bank account is used).</li>
<li>More in the article: <a href="/en/blog/taxes-sole-proprietors-in-slovakia" target="_blank">Taxes and contributions for Sole Proprietors in Slovakia.</a></li>
</ul>
<div class="blog-services"><p><b>🟩&nbsp;Disclaimer:</b> As of April 2025, Slovak authorities are considering abolishing the transaction tax. If the decision is made, doing business in the country will become even easier.</p></div>
<h3>LLC <i>(Slovak: s.r.o.):</i></h3>
<ul>
<li>Mandatory <b>double-entry accounting</b> <i>(Slovak: podvojné účtovníctvo)</i></li>
<li><b>Monthly/quarterly VAT reports</b> (if applicable)</li>
<li>Transaction tax and reporting (if a non-Slovak bank account is used).</li>
<li><b>It is advisable to have an accountant!</b></li>
<li>More in the article: <a href="/en/blog/dane-sro" target="_blank">Taxes for LLCs in Slovakia</a></li>
</ul>
<div class="blog-services"><p><b>🟩&nbsp;Disclaimer:</b> As of April 2025, Slovak authorities are considering abolishing the transaction tax. If the decision is made, doing business in the country will become even easier.</p></div>
<h3>VAT and Registration under §7a</h3>
<p style="margin-bottom: 5px;">Even if you <b>haven’t reached a turnover of <samp>50,000 €</samp>,</b> you may still be required to register:</p>
<ul style="margin-top: 7px;">
<li><b>Under §7</b>&nbsp;— if you purchase services from EU companies <i>(e.g., advertising on Meta, Google)</i> and declare these expenses.</li>
<li><b>Under §7a</b>&nbsp;— if you provide services to companies or entrepreneurs in the EU <i>(B2B)</i></li>
</ul>
<p>If registered under §7/7a, you <b>do not become a VAT payer,</b> but you are required to submit <b>quarterly reports on activities with EU companies</b> <i>(Slovak: súhrnný výkaz).</i></p>

<h2>Health and Social Insurance</h2>
<p>After registering the business / obtaining the residence permit in Slovakia, the entrepreneur has obligations regarding the payment of insurance contributions. The procedure depends on the type of business: Sole Proprietor or LLC.</p>
<p>A Sole Proprietor must pay for health insurance <i>(Slovak: zdravotné poistenie).</i> This obligation begins on the first day of registering the Sole Proprietor / obtaining the residence permit. Registration with one of the public insurers (Union, VšZP, Dôvera) is mandatory.</p>
<p>Additionally, the Sole Proprietor is obligated to pay social insurance <i>(Slovak: sociálne poistenie)</i> starting from the second year if their income in the first year exceeds the established threshold <i>(in 2025: from <samp>8,580 €</samp>).</i></p>
<div class="blog-services"><p><b>⚠️&nbsp;Insurance debts</b> hinder the renewal of the residence permit.</p></div>
<p>As for LLCs, foreign directors with a residence permit must have valid insurance for the entire duration of their residence. Usually, this is commercial health insurance if the director is not a Sole Proprietor.</p>

<h2>Assistance from Oki-Doki.sk in Meeting Residence Permit and Business Requirements</h2>
<p>We guide foreign entrepreneurs at every step:</p>
<div class="blog-services">
<h3>✅&nbsp;Sole Proprietorship Registration&nbsp;— <samp>from 105 €</samp></h3>
<p>Online registration with support at every step.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about Sole Proprietorship registration</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Accounting and Reporting&nbsp;— <samp>from 30 €/month</samp></h3>
<p>Taxes, VAT, reports, calculations—all under control.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Learn more about accounting services</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Residence Permit Extension for Entrepreneurship</h3>
<p>We prepare the document package, book your appointment with the police, and provide consultation.<br/>
<a href="/en/sluzby/residence-permit" target="_blank">👉&nbsp;Learn more about residence permit services</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Personal Consultations</h3>
<p>From idea to stable business in Slovakia — we make it easier.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact us</a></p>
</div>


What third-country entrepreneurs must do: extend residence, pay taxes, submit reports, insure, avoid restrictions, hire legally.

Obligations of Entrepreneurs from Third Countries in Slovakia

1745354674369-obligations-of-third-country-entrepreneur-in-slovakia.jpg

<h2>Introduction: Residence Rules for EU Citizens in Slovakia</h2>
<p>Citizens of the European Union have the right to freely enter, reside, work, and do business in Slovakia, just as they do in any other EU country. This is one of the fundamental rights established by EU legislation and confirmed by Slovak laws.</p>
<p>However, "freedom of movement" does not mean the complete absence of formalities. When moving to Slovakia, EU citizens still need to <b>register their stay,</b> especially if they plan on staying long-term, working, or starting a business.</p>
<p>This article will explain <b>what exactly an EU citizen needs to arrange when moving to Slovakia,</b> what statuses exist, deadlines, and documents, as well as how registration differs from a traditional residence permit.</p>

<h2>Do EU Citizens Need a Residence Permit to Live in Slovakia?</h2>
<p>Citizens of the European Union (EU) have the right to freely move and reside in all EU member states, including Slovakia. However, for long-term stays in the country, there are certain registration procedures.</p>
<h3>🛂&nbsp;Mandatory Registration After 90 Days</h3>
<p>If an EU citizen plans to stay in Slovakia for more than 90 days, they are required to register with the immigration police. This requirement applies to all EU citizens, regardless of the purpose of their stay.</p>
<h3>📄&nbsp;Temporary Stay <i>(Slovak: prechodný pobyt)</i></h3>
<p>After registration, the EU citizen will receive a certificate of temporary stay. This confirms their right to live in Slovakia and may be necessary for arranging various documents, such as opening a Slovak bank account.</p>
<h3>🏠&nbsp;Permanent Stay <i>(Slovak: trvalý pobyt)</i></h3>
<p>An EU citizen can apply for permanent residence in Slovakia after living in the country continuously for <b>five years.</b> In some cases, an application can be made earlier, under special circumstances.</p>

<h2>How to Register Residence for EU Citizens in Slovakia: Procedure and Documents</h2>
<p>EU citizens <b>do not need a traditional residence permit,</b> but for stays <b>longer than 3 months</b> they are required to go through <b>residence registration</b> <i>(Slovak: registrácia pobytu občana EÚ).</i></p>
<p>The application must be submitted in person at the <b>immigration police</b> <i>(Slovak: cudzinecká polícia)</i> where the person resides in Slovakia. The submission is possible only after reserving an appointment in advance.</p>
<div class="blog-services"><p><b>⚠️ Important:</b> At the time of writing, the immigration police departments are heavily overloaded. As a result, the police <b>are accepting applications from EU citizens at other departments</b> as well, not just the one where they are officially registered in Slovakia.</p></div>
<h3>Required Documents for EU Citizen Residence Registration in Slovakia</h3>
<p>The application must be submitted in person at the appropriate immigration police department <i>(Slovak: Oddelenie cudzineckej polície)</i> — by appointment only.</p>
<p style="margin-bottom: 5px;"><b>1. Completed application form</b></p>
<p style="margin-bottom: 5px;"><b>2. Valid passport or ID card</b></p>
<p style="margin-bottom: 5px;"><b>3. Basis for residence in Slovakia</b> (one of the following):</p>
<ul style="margin-top: 7px; margin-bottom: 5px;">
<li>entrepreneurial license — Sole Proprietorship <i>(Slovak: živnostenské oprávnenie)</i></li>
<li>extract from the commercial register — LLC <i>(Slovak: výpis z obchodného registra)</i></li>
<li>employment contract / job offer</li>
<li>confirmation of enrollment in a Slovak school/university</li>
<li>declaration of sufficient financial means and health insurance</li>
<li>job search declaration</li>
</ul>
<div class="blog-services">
<h3>✅&nbsp;Register a Sole Proprietorship with a Virtual Address for 2 years&nbsp;— only <samp>150 €</samp></h3>
<p>No personal visits, no queues, no hassle, all online.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about Sole Proprietorship registration services</a></p>
</div>
<p style="margin-bottom: 5px;"><b>4. Proof of residence</b> is required if the EU citizen wishes to receive an ID card confirming their residence: this document must be signed by the property owner; if the owner is a private individual, the document must be <b>notarized</b>.</p>
<p style="margin-bottom: 5px;"><b>5. 2 photographs 3 × 3.5 cm</b> (if the EU citizen wants to receive an ID card confirming their residence)</p>
<h3>Documents Received by the EU Citizen</h3>
<p>On the day the application is submitted, the immigration police will issue a <b>residence registration certificate.</b> The certificate will include: first and last name, city of residence, and registration date. If no proof of a specific address is provided, the certificate will only list the <b>city of residence.</b></p>
<p>If the EU citizen wishes to receive a plastic ID card confirming their stay in Slovakia, they must provide: proof of residence, 2 photographs 3 × 3.5 cm. The card will be ready within <b>30 days.</b> The card's validity period is <b>5 years.</b></p>
<h3>Booking with the Immigration Police</h3>
<p>The application must be submitted <b>in person</b> by appointment. Appointments can be made through the portal: <a href="https://portal.minv.sk/wps/portal/domov/ecu/ecu_elektronicke_sluzby/ecu-vysys/!ut/p/a1/pZJNDoIwEEbP4gn6tZZCl60_bVEkqERlY1gZEkUXxvMLRBdorCbObpL3ZjozJQXZkqIub9WhvFbnujy2eSH2HKOJjWeIjVRDZEIzFaQpAN4AuwbAh1Do-1gGU2TUWJ0YMHD28D1Az4_suik6mwZWZoshDH3134GenyZUQOXJWiuZM5jn-0dGWR7O24kiBjfWdhzKBHDit_k9Df7yEfzpf-2_IUWHUMYc1asGiTIJZZwI2URTRPQL4PAAfDvsAN8n8Z6p3YIf4ORyyrvYonKVU4M7UEEQug!!/dl5/d5/L2dBISEvZ0FBIS9nQSEh/" target="_blank">portal.minv.sk.</a></p>

<h2>Assistance with Residence Permit from Oki-Doki.sk</h2>
<p>We help EU citizens settle in Slovakia legally and comfortably:</p>
<div class="blog-services">
<h3>✅&nbsp;EU Citizen Residence Registration&nbsp;— <samp>550 €</samp></h3>
<p>We will prepare documents, schedule the immigration police appointment, and guide you through the submission process.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact us for assistance</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Business Consultation in Slovakia</h3>
<p>We will explain how to open a Sole Proprietorship or LLC, what documents are needed, and how to avoid bureaucracy.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact us for consultation</a></p>
</div>


EU citizen residence in Slovakia: how to register, documents, ID card, stay for work, study or business, permanent residence.

Residence of EU Citizens in Slovakia: Registration and Residence Permit

1745354751718-residence-permit-eu-citizens-in-slovakia.jpg

<h2>Introduction: Why is the A1 Form Needed?</h2>
<p>If you are a sole proprietor <sup>(Slovak: SZČO)</sup> and plan to work abroad in any country of the European Union, the European Economic Area, or Switzerland, you will almost certainly need a document called the <b>A1 form.</b> This document protects you from double taxation in terms of social security and confirms that you remain insured in your home country (e.g., Slovakia), even if you are temporarily working in another country.</p>
<p>Without the A1 form, you risk getting into an unpleasant situation: local authorities may require you to register in their social security system, which means additional contributions, fines, and bureaucracy.</p>

<h2>What is the A1 Form in Slovakia and Why Does it Matter to Entrepreneurs?</h2>
<p>The A1 form <i>(official name: Prenosný dokument A1)</i>&nbsp;is a document that confirms you remain insured in the Slovak social security system, even if you are temporarily working in another EU country, EEA, or Switzerland.</p>
<p>In simpler terms, if you are a sole proprietor <i>(Slovak: SZČO)</i> in Slovakia but moved to work in, say, the Czech Republic or Austria, the A1 form shows that you continue paying social contributions in Slovakia and do not need to register in the local system of the other country.</p>

<h2>Who is Eligible to Receive the A1 Form?</h2>
<p style="margin-bottom: 5px;">If you are registered as a sole proprietor in Slovakia and want to temporarily work in another EU country, you are eligible to request the A1 form to remain insured in Slovakia. This can apply to:</p>
<ul style="margin-top: 7px;">
<li>construction,</li>
<li>logistics and transportation,</li>
<li>other forms of self-employment.</li>
</ul>
<p>If you are not a Slovak citizen but have registered your sole proprietorship <i>(Slovak: živnosť)</i> in Slovakia, you <b>can only request the A1 form if you have a residence permit</b> — either a temporary or permanent residence <i>(Slovak: prechodný/trvalý pobyt).</i></b></p>
<p>The residence permit must be for <b>entrepreneurial activities</b> <i>(Slovak: podnikanie)</i> or <b>temporary asylum</b> <i>(Slovak: podnikanie)</i></p>

<h2>Documents and Information Required for Obtaining the A1 Form</h2>
<p>To successfully obtain the A1 form, you will need to prepare both official documents and information about your entrepreneurial activities. Below is a complete list of what is typically required.</p>
<p style="margin-bottom: 5px"><b>📄&nbsp;A. Required Documents</b></p>
<p>1. Identification: residence permit/permanent residence card or temporary asylum<br/>
2. Extract from the business registry: if you don’t have one, we will arrange it for you<br/>
3. Invoices confirming activities in Slovakia<br/>
4. A copy of the contract for work abroad: The contract should be with a foreign client</p>
<p style="margin-bottom: 5px"><b>🧾&nbsp;B. Additional Information to Provide</b></p>
<p>1. Period of entrepreneurial activity in Slovakia<br/>
2. Total amount of invoices issued during this period<br/>
3. Description of the activities performed in Slovakia<br/>
4. Country where the activities are planned<br/>
5. Type of activity while working abroad<br/>
6. Name or brief description of the foreign client/project<br/>
7. Planned period of activity abroad (maximum duration – 24 months)</p>

<h2>A1 Form in Slovakia – Frequently Asked Questions</h2>
<p style="margin-bottom: 5px"><b>Do I need to pay social security contributions?</b></p>
<p>If you are not officially a social security payer (for example, if your income is below the threshold for mandatory insurance), obtaining the A1 form does not automatically make you liable for paying social security contributions.</p>
<p style="margin-bottom: 5px"><b>Can I start working abroad before receiving the A1 form?</b></p>
<p>It is not recommended. Formally, you are not protected from double social insurance until the form is issued. In some countries, the absence of the A1 form can lead to fines.</p>
<p style="margin-bottom: 5px"><b>For which countries is the A1 form issued?</b></p>
<p>The form is always issued for a specific country. It is issued for: all EU countries, EEA countries, and Switzerland.</p>
<p style="margin-bottom: 5px"><b>Do I need to carry the A1 form with me?</b></p>
<p>Yes. This is an official document, and it may be requested by local authorities during inspections, especially in construction, logistics, and manufacturing sectors.</p>
<p style="margin-bottom: 5px"><b>How long does it take to process the A1 form?</b></p>
<p>The maximum processing time is up to 45 calendar days.</p>

<h2>How to Obtain the A1 Form with Oki-Doki.sk</h2>
<p>We help sole proprietors in Slovakia obtain the A1 form for work abroad within the EU:</p>
<div class="blog-services">
<h3>✅&nbsp;A1 Form Processing&nbsp;— <samp>170 €</samp></h3>
<p>We evaluate the conditions, gather the necessary documents, submit the application, and guide you until you receive the confirmation.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact us for A1 form processing services</a></p>
</div>


Form A1 for sole proprietorships (živnostník) in Slovakia: who needs it, how to apply, documents, EU work, insurance, validation.

Form A1 for Sole Proprietorships (SZČO) in Slovakia to Work Abroad

1745354870524-form-a1.jpg

<h2>Introduction: Taxes and Reporting for LLC (s.r.o.) in Slovakia</h2>
<p>LLC <i>(Slovak: s.r.o.)</i>&nbsp;is the most popular form of legal entity in Slovakia for small and medium-sized businesses. It offers a flexible ownership structure and the opportunity to work with clients across Europe.</p>
<p>The tax system for LLCs remains one of the most favorable in the EU, especially for companies with moderate turnover. For LLCs in Slovakia, there is a <b>progressive corporate income tax rate.</b></p>
<p>This article discusses the taxes and obligations awaiting the owner and director of an LLC in Slovakia: from corporate income tax and VAT to reporting requirements. All with examples, calculations, and comments from Oki-Doki.sk.</p>

<h2>Corporate Income Tax for LLCs in Slovakia: Rate and Calculation</h2>
<p>LLCs in Slovakia pay corporate income tax at a <b>progressive rate</b> that depends on annual revenue (turnover), not on actual profit.</p>
<p style="margin-bottom: 5px;"><b>Corporate income tax rates for 2025:</b></p>
<ul style="margin-top: 7px;">
<li><b>10%</b>&nbsp;— if the revenue for the year <b>does not exceed <samp>100,000 €</samp></b></li>
<li><b>21%</b>&nbsp;— if the revenue is between <b><samp>100,000 €</samp> and <samp>5,000,000 €</samp></b></li>
<li><b>24%</b>&nbsp;— if the revenue exceeds <b><samp>5,000,000 €</samp></b></li>
</ul>
<div class="blog-services"><p>⚠️&nbsp;This applies to revenues <i>(Slovak: výnosy),</i> not net profit. Even if the company operates at a loss, but its revenue exceeds the threshold, the higher rate applies.</p></div>
<h3>What is Considered Profit?</h3>
<p>Company profit = <b><samp>revenue – recognized expenses</samp></b></p>
<p>When calculating the tax, all business expenses backed by documents can be considered: rent, services, purchases, salaries, depreciation, etc.</p>
<p style="margin-bottom: 5px;"><b>Examples:</b></p>
<ul style="margin-top: 7px;">
<li>Company with revenue <samp>90,000 €</samp> and profit <samp>30,000 €</samp> → tax rate: <b>10% of profit</b> = <samp>3,000 €</samp></li>
<li>Company with revenue <samp>120,000 €</samp> and profit <samp>30,000 €</samp> → tax rate: <b>21% of profit</b> = <samp>6,300 €</samp></li>
</ul>

<h2>Advance Payments for Corporate Income Tax (preddavky na daň)</h2>
<p style="margin-bottom: 5px;">If the company paid <b>more than <samp>5,000 €</samp></b> in corporate income tax, it is required to make <b>advance payments</b> the following year:</p>
<ul style="margin-top: 7px;">
<li><b>From <samp>5,000 €</samp> to <samp>16,600 €</samp></b> in tax — payments are made quarterly</b></li>
<li><b>More than <samp>16,600 €</samp></b>&nbsp;— the company must pay tax <b>monthly</b></li>
</ul>
<p>The amounts of advance payments are calculated by the tax office based on the last filed declaration and are automatically displayed in the taxpayer's electronic account and on the portal <a href="https://www.financnasprava.sk" target="_blank">financnasprava.sk.</a></p>
<p>⚠️&nbsp;Advance payments are credited toward the annual corporate income tax. If the final tax amount is less than the advance payments, the tax office returns the difference.</p>

<h2>Health Insurance for LLC Directors: Obligations and Rates</h2>
<p>Unlike individual entrepreneurs, <b>foreign directors of LLCs do not pay social security contributions.</b></p>
<p style="margin-bottom: 5px;"><b>However, a foreign director of an LLC with residence in Slovakia</b> must have valid health insurance:</b></p>
<ul style="margin-top: 7px;">
<li>If they <b>do not have an individual entrepreneur (Sole Proprietorship),</b> they must have <b>commercial insurance</b> <i>(Slovak: komerčné zdravotné poistenie).</i></li>
<li>If they have a <b>Sole Proprietorship or employment contract,</b> they may be insured under the <b>public health insurance system</b> <i>(Union, Dôvera, VšZP).</i></li>
</ul>

<h2>Transaction Tax (transakčná daň) for Legal Entities</h2>
<p><b>Transaction tax <i>(Slovak: transakčná daň)</i></b>&nbsp;is a tax that all individual entrepreneurs (Sole Proprietorships) and companies (LLCs) in Slovakia pay on every <b>outgoing financial transaction.</b></p>
<p>The tax <b>is not levied</b> on payments made by <b>bank card!</b></p>
<div class="blog-services"><p><b>🟩&nbsp;Disclaimer:</b> As of April 2025, Slovak authorities are considering abolishing the transaction tax. If this decision is made, doing business in the country will become even easier.</p></div>
<h3>Transaction Tax Rates:</h3>
<ul>
<li><b>0.4%</b> on the amount of each outgoing transaction <i>(maximum <samp>40 €</samp> per transaction)</i></li>
<li><b>0.8%</b> on cash withdrawals from an ATM</li>
</ul>
<h3>How to Pay the Transaction Tax?</h3>
<p><b>Option 1: Account with a Slovak bank.</b> If the Sole Proprietorship or company has a bank account in Slovakia, the tax is automatically deducted by the bank.</b> No reports need to be submitted, everything happens without the entrepreneur's involvement. 
Downside: Slovak banks are inconvenient for foreigners — opening an account is complicated, requires a personal visit, and it is not possible to open an account online.</p>
<p>If the entrepreneur opens a <b>bank account in Slovakia,</b> a <b>special business account</b> is required.</p>
<p style="margin-bottom: 5px;"><b>Option 2: Account with a foreign bank (e.g., Revolut).</b> If a foreign bank is used, the tax must be paid <b>manually:</b></p>
<ul style="margin-top: 7px;">
<li>Export all outgoing transactions <b>once a month</b>,</li>
<li>Calculate the tax amount,</li>
<li><b>Submit the report</b> and pay the tax manually.</li>
</ul>

<h2>VAT <sup>(Slovak: DPH)</sup> in Slovakia: Registration, Reporting, Rate</h2>
<p>LLCs in Slovakia <b>can operate without VAT registration</b> as long as their turnover does not exceed the legally set threshold. However, in some cases, registration is mandatory even for low-income companies.</p>
<h3>Mandatory Registration Under the Basic Scheme (according to §4 of the VAT Act)</h3>
<p>An LLC must register as a VAT payer if <b>its total turnover</b> (all income received from business activity) <b>exceeds <samp>50,000 €</samp> in a calendar year.</b> Only income generated in Slovakia counts. Registration is mandatory<b> not from the moment the threshold is exceeded, but from the beginning of the next month.</b></p>
<p><b>What is considered the "place of service provision"?</b> According to the VAT Act, the place of provision of services depends on: <b>the country of registration of the provider</b> (Sole Proprietorship); <b>the status and country of the customer.</b></p>
<p style="margin-bottom: 5px;">Examples:</p>
<ul style="margin-top: 7px;">
<li>If the <b>customer is a private person (not an entrepreneur),</b> the place of service provision is considered to be the country of registration of the provider (Slovakia). This income counts toward the <samp>50,000 €</samp> threshold.</li>
<li>If the <b>customer is a private entrepreneur or a legal entity from the EU,</b> the place of service provision is considered to be <b>the country of the customer,</b> and this income <b>does not count</b> toward the threshold for registration in Slovakia.</li>
<p style="margin-bottom: 5px;">Specific examples:</p>
<ul style="margin-top: 7px;">
<li>A Slovak LLC provides a service to a private person from Estonia — place of service provision — Slovakia → this income <b>counts toward the threshold.</b></li>
<li>If the same LLC provides a service to a legal entity from Estonia — place of service provision — Estonia → income <b>does not count toward the <samp>50,000 €</samp> threshold.</b></li>
</ul>
<h3>Mandatory Registration Under Other Sections (§7 / §7a)</h3>
<p style="margin-bottom: 5px;">Even with a turnover below <samp>50,000 €</samp>, an LLC must register under other sections of the Act if:</p>
<ul style="margin-top: 7px;">
<li><b>Under §7</b>&nbsp;— you purchase or receive services from suppliers in other EU countries (e.g., advertising on Google or Meta).</li>
<li><b>Under §7a</b>&nbsp;— you provide services to companies and entrepreneurs from other EU countries (B2B), and your client requests a VAT number for invoicing.</li>
</ul>
<p>You must register under §7 / §7a before providing/purchasing goods or services!</p>
<p>If you are registered under §7 or §7a, you must submit quarterly reports on transactions with EU partners <i>(Slovak: súhrnný výkaz / summary report).</i></p>
<p>Reports are only submitted for the quarters in which purchases or sales with EU partners actually occurred.</p>

<h2>Reporting for LLCs in Slovakia: Tax Declarations and Deadlines</h2>
<p>Every LLC in Slovakia is required to maintain double-entry accounting <i>(Slovak: podvojné účtovníctvo)</i>&nbsp;— regardless of income size or number of employees, even if the company does not engage in active activity.</p>
<h3>📘&nbsp;What is included in mandatory accounting reports:</h3>
<ul>
<li><b>Maintaining accounting books <i>(Slovak: účtovná kniha):</i></b> Recording all income, expenses, liabilities, and assets</li>
<li><b>Annual tax declaration <i>(Slovak: daňové priznanie k dani z príjmu PO):</i></b> Required for all companies</li>
<li><b>Annual financial statement <i>(Slovak: účtovná závierka):</i></b> Includes the balance sheet and income statement. It is published in the financial register (registeruz.sk)</li>
<li><b>Quarterly VAT reports</b>&nbsp;— for registration under <b>§7 and §7a</b> (when purchasing/selling services with EU counterparts)</li>
<li><b>Monthly VAT reports</b>&nbsp;— for registration under <b>§4</b> (regular VAT registration)</li>
</ul>
<h3>📌&nbsp;Additional Accounting and Tax Obligations</h3>
<ul>
<li><b>Registration in the e-Kasa system:</b> If the company conducts retail sales using cash registers, it must register in the e-Kasa system and use online cash devices connected to the tax office.</li>
<li><b>Intrastat Reporting:</b> If the annual volume of trade in goods with other EU countries exceeds the set thresholds, the company must submit statistical reports to the Intrastat system.</li>
<li><b>Reports to the Statistical Office of Slovakia:</b> Some companies must submit regular statistical reports to the Štatistický úrad SR depending on the type of activity and company size.</li>
</ul>
<p>These obligations may vary depending on the nature of the company's activity, size, and other factors. It is recommended to consult with an accountant or legal advisor to ensure full compliance with all applicable requirements.</p>
<h3>🛂&nbsp;Electronic Submission and Access to Systems</h3>
<p style="margin-bottom: 5px;">To submit reports electronically, you will need:</p>
<ul style="margin-top: 7px;">
<li><b>eID</b>&nbsp;— passport or residence permit with an activated electronic identification function.</li>
<li><b>Electronic signature</b> <i>(Slovak: KEP)</i>&nbsp;— required for access to the Unified Portal of Electronic Services <a href="https://www.slovensko.sk" target="_blank">(slovensko.sk)</a> and the Tax Portal <a href="https://www.financnasprava.sk" target="_blank">(financnasprava.sk).</a></li>
</ul>
<p>Without this, it is impossible to submit reports, sign declarations, or manage the legal entity's electronic mailbox.</p>
<p>For a foreign entrepreneur with a company in Slovakia, the accounting and tax system can seem complex: reports, deadlines, terminology, interaction with multiple portals, and the need for an electronic signature.</p>
<p><b>👉&nbsp;The only correct solution&nbsp;— focus on doing business, not accounting.</b> For the financial and tax aspects, it is advisable to trust a professional accounting company.</p>
<div class="blog-services"><p><b>Oki-Doki.sk</b> offers accounting services for LLCs&nbsp;— from <b><samp>70 € per month,</samp></b> including filing reports, VAT calculations, annual balance, and support in dealings with tax authorities and other agencies.</p></div>

<h2>Withdrawing Funds from an LLC: Salary or Dividends?</h2>
<p>The owner and director of an LLC in Slovakia have two main legal ways to withdraw money from the company: <b>salary or dividends.</b> However, for foreigners with a residence permit for business purposes <i>(Slovak: podnikanie)</i>, these options are limited.</p>
<h3>💼&nbsp;1. Director's Salary</h3>
<p>Formally, the director of an LLC can receive an <b>official salary,</b> from which taxes and social and health insurance contributions are paid (around <b>40-45%</b>). </p>
<p>If a foreigner has a <b>residence permit issued for business purposes,</b> they <b>do not have the right to be employed.</b> Therefore, a foreign director with a residence permit <b>cannot officially pay themselves a salary.</b></p>
<h3>💰&nbsp;2. Withdrawing Funds via Dividends</h3>
<p style="margin-bottom: 5px;">An alternative and <b>legal way to receive profits&nbsp;— dividends.</b> The owner of the company can distribute net profit as dividends:</p>
<ul style="margin-top: 7px;">
<li>Payments are possible <b>once a year</b>&nbsp;— after approval of the annual financial statement <i>(Slovak: účtovná závierka)</i></li>
<li>Dividends are subject to a <b>7% tax</b></li>
<li>No social and health insurance contributions are <b>charged</b></li>
<li>Dividends can only be paid from <b>officially earned profits</b></li>
</ul>

<h2>Solutions from Oki-Doki.sk: Help with Taxes and Accounting for s.r.o.</h2>
<p>We support LLC owners at all stages&nbsp;— from registration to filing the annual report:</p>
<div class="blog-services">
<h3>✅&nbsp;Accounting for LLCs&nbsp;— <samp>from 70 €</samp> per month</h3>
<p>Full package: double-entry accounting, VAT, salaries, reports, year-end closing.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;More about accounting services for LLCs</a></p>
</div>


LLC taxes in Slovakia in 2025: corporate income tax, VAT, director’s salary, dividends, accounting costs, and reporting.

Corporate Taxes in Slovakia in 2025: Accounting for Limited Liability Companies

1745354891171-taxes-of-a-llc-in-slovakia.jpg

Taxes for sole proprietorships in Slovakia in 2025: income tax, health and social insurance, accounting, VAT, transaction tax.

Taxes and Contributions for Sole Proprietorships in Slovakia in 2025

1745355036145-taxes-sole-proprietors-in-slovakia.jpg

<h2>Introduction: How to Start a Business in Slovakia and Where to Begin</h2>
<p>Slovakia is one of the few countries in the European Union where foreigners can <b>run a business on equal terms with Slovaks.</b></p>
<p>An individual entrepreneur <i>(Slovak: živnosť)</i> is a simple and convenient format: minimal accounting, low contributions, and the ability to suspend or close without complex procedures.</p>
<p>For an LLC <sup>(Slovak: s.r.o.)</sup>, there is an attractive corporate tax rate of <b>10% with a turnover of <samp>up to €100,000 per year.</samp></b></p>
<p>It is especially beneficial to operate as an individual entrepreneur in the first year: with an income of <samp>around €33,000</samp>, the tax burden is <b><samp>about 7%,</samp></b> and from the second year onwards, it is <b><samp>about 16%.</samp></b></p>
<p>Detailed information on taxes and contributions can be found in our articles: <a href="https://ukon.sk/blog/dane-a-odvody-zivnostnika" target="_blank">taxes for individual entrepreneurs</a>, taxes for LLCs.</p>

<h2>Business Forms in Slovakia: Sole Proprietorship (živnosť) and Company (s.r.o.)</h2>
<p>There are several legal forms of doing business in Slovakia. In practice, foreign entrepreneurs most often choose one of two options:</p>
<h3>Sole Proprietor <i>(Slovak: živnostník)</i></h3>
<p>A simple format for freelancers, consultants, craftsmen, and small businesses. Minimal requirements, quick registration, favorable taxation in the first year, and simple reporting. Suitable for both locals and foreigners (including those with temporary protection).</p>
<h3>Limited Liability Company <i>(Slovak: s.r.o.)</i></h3>
<p>A legal entity with limited liability for the founders. Ideal for scalable businesses, hiring employees, and partnership projects. Mandatory accounting and reporting, corporate tax rate is 10% with income <samp>up to €100,000 per year.</samp></p>
<h3>Other Forms of Business</h3>
<p>There are also joint-stock companies <i>(Slovak: a.s.),</i> cooperatives, non-profit organizations, and branches of foreign companies. However, they are rarely used and require more complex management and reporting structures.</p>

<h2>Who Can Register a Business in Slovakia: EU Citizens and Third-Country Nationals</h2>
<p>The registration procedure depends on citizenship and residence status. The conditions vary by four main categories.</p>
<div class="blog-disclaimer"><p><b>⚠️ Important:</b> Restrictions on citizenship and residence permit apply only to directors. The company founder can be anyone—citizenship and residence status do not matter.</p></div>
<h3>Slovak Citizens and Foreigners with Permanent Residence in Slovakia</h3>
<p>The registration process is the simplest. Both sole proprietorships and legal entities are available. Minimal documentation and short processing times.</p>
<h3>EU, EEA, OECD Citizens</h3>
<p>Registration of sole proprietorships and companies is possible without a residence permit. A foreign passport, a criminal record certificate (with apostille and translation), and a confirmed business address in Slovakia are required.</p>
<p><i><u>European Union (EU) countries:</u> Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.</i></p>
<p><i><u>European Economic Area (EEA) countries:</u> All EU countries, Iceland, Liechtenstein, Norway.</i></p>
<p><i><u>Organisation for Economic Co-operation and Development (OECD) countries:</u> Australia, Austria, Belgium, Canada, Chile, Colombia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, South Korea, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, USA</i></p>
<h3>Third-Country Nationals with Valid Residence Permit or Temporary Protection Status</h3>
<p>Registration is possible, but it includes additional requirements: a criminal record certificate from the country of citizenship, a certified translation, and address confirmation. The residence permit status must allow entrepreneurial activity.</p>
<div class="blog-disclaimer"><b>✅&nbsp;Types of residence permits allowing business activity:</b>
<ul style="margin-top: 7px;">
<li>Residence permit for entrepreneurship <i>(podnikanie)</i></li>
<li>Residence permit for family reunification <i>(zlúčenie rodiny)</i></li>
<li>Residence permit for study <i>(štúdium)</i></li>
<li>Residence permit for scientific or research activities</li>
<li>Residence permit for temporary protection status <i>(dočasné útočisko)</i></li>
<li>Slovak card</li>
<li><u>Permanent residence</u> in another EU country</li>
</ul></div>
<div class="blog-disclaimer"><b>❌&nbsp;Types of residence permits where business registration is not allowed:</b>
<ul style="margin-top: 7px;">
<li>Residence permit for employment <i>(zamestnanie)</i></li>
<li>Residence permit issued in another EU country</li>
</ul></div>
<h3>Third-Country Nationals Without Residence Permit</h3>
<p>It is not possible to register a business without obtaining a residence permit that allows entrepreneurial activity. This is a separate procedure that we have detailed in our article: <a href="/en/blog/povolenie-na-pobyt-slovensko" target="_blank">Residence Permit in Slovakia.</a></p>

<h2>Registering a Sole Proprietorship in Slovakia (živnostník): Step-by-Step with Examples</h2>
<h3>1. Document Preparation</h3>
<ul>
<li>Foreign passport or residence permit card,</li>
<li><b>Criminal record certificate</b> from the country of citizenship or from the country where the foreigner has lived for more than 6 months in the last 5 years <i>(with apostille and certified translation into Slovak)</i>;</li>
<li><b>Consent to use the business address</b> (we provide a virtual business address for the sole proprietorship for €45 per year).</p></li>
</ul>
<h3>2. Online Registration</h3>
<p>Data is entered through our service. Documents are signed online. We prepare the application and submit it to the authorities.</p>
<h3>3. Receiving the License</h3>
<p>Within 1-3 business days, the entrepreneur receives the registration certificate, and information about the sole proprietorship is automatically published in the: <b><a href="http://zrsr.sk" target="_blank">Entrepreneurs' Register <i>(zrsr.sk)</i></a></b> and <b><a href="/en/utils/register-podnikov" target="_blank">our website's register</a>.</b></p>

<div class="blog-disclaimer"><p style="margin-bottom: 5px;"><b>⚠️ Important:</b> If the applicant is a third-country national <i>without a residence permit allowing entrepreneurial activity,</i> the license will be issued, but:</p>
<ul style="margin-top: 7px;">
<li>The entrepreneur <b>will not be published in the Entrepreneurs' Register;</b></li>
<li>They <b>won't be able to conduct business</b> until they obtain the relevant residence permit;</li>
<li>Nevertheless, this license allows you to <b>apply for a residence permit for entrepreneurship</b> (more details in our <a href="/en/blog/povolenie-na-pobyt-slovensko" target="_blank">separate article about business residence permits</a>).</li>
</ul></div>

<h2>Registering an LLC (s.r.o.) in Slovakia: Steps, Documents, and Deadlines</h2>
<h3>1. Preparation of Founding Documents and Data</h3>
<p style="margin-bottom: 5px;">You will need:</p>
<ul style="margin-top: 7px;">
<li>Passport or residence permit <b>for all founders and directors;</b></li>
<li><b>Criminal record certificate</b> for each director— from the country of citizenship or the country where the person has lived for more than 6 months in the last 5 years (with apostille and certified translation into Slovak);</li>
<li><b>Consent to use the business address</b> (we provide a virtual address for registering an LLC for €200 per year).</li>
</ul>
<p>We prepare all founding documents (statutes, founding resolutions, consent from directors, etc.).</p>
<div class="blog-disclaimer"><p><b>⚠️ Important:</b> The company founder can be a citizen of any country. The citizenship and residence requirements apply only to directors.</p></div>
<h3>2. Registration in the Commercial Register</h3>
<p>Documents are submitted to the court. Review time is up to 10 business days. After registration, an IČO is assigned.</p>
<h3>3. Receiving the License and Publication in Registers</h3>
<p>After the company is registered, it is assigned a <b>IČO <i>(Business ID)</i>.</b></p>
<p style="margin-bottom: 5px;">Information about the company is automatically published in:</p>
<ul style="margin-top: 7px;">
<li><b><a href="https://zrsr.sk" target="_blank">the Entrepreneurs' Register (zrsr.sk),</a></b></li>
<li><b><a href="https://orsr.sk" target="_blank">the Commercial Register (orsr.sk),</a></b></li>
<li><b><a href="/en/utils/register-podnikov" target="_blank">our website's register.</a></b></li>
</ul>

<h2>Challenges in Opening a Business in Slovakia and How We Help Solve Them</h2>
<p>Registering a business in Slovakia seems simple, but in practice, entrepreneurs often encounter several bureaucratic and technical nuances:</p>
<h3>1. The Need for a Business Address</h3>
<p>For registering a sole proprietorship or a company in Slovakia, a legal address is required—the business will officially be registered at this address. However, foreign citizens often do not have property or acquaintances willing to provide an address and arrange consent.</p>
<div class="blog-disclaimer"><p><b>✅ Solution:</b> We provide a <b>virtual business address</b> for sole proprietors for <b><samp>€45 per year,</samp></b> for LLCs – <b><samp>€200 per year</samp></b> with ready documents. Learn more about business addresses in our article: <a href="/en/blog/business-address-slovakia" target="_blank">Virtual address for sole proprietors/LLCs.</a></p></div>
<h3>2. Criminal Record Certificate with Apostille and Translation</h3>
<p>A criminal record certificate from the country of citizenship or residence, with apostille and certified translation into Slovak, is required. This is one of the most challenging and common sources of delays.</p>
<div class="blog-disclaimer"><p><b>✅ Solution:</b> We will provide a <b>certified translation of the criminal record</b> into Slovak. We also handle criminal record certificates from <b>Ukraine</b> and <b>Poland</b>—with delivery and official translation.<br/>
<a href="/en/sluzby/prekladatelske-sluzby" target="_blank">👉 Learn more about certified translations.</a></p></div>
<h3>3. Communication with Authorities</h3>
<p>To submit documents, you need to interact with the Commercial Register, District Administration, Entrepreneurs’ Register, and other authorities through the state portal slovensko.sk. However, most foreigners, as well as many Slovak citizens, do not have access to this portal – using it requires a Slovak e-signature <sup>(Slovak: KEP)</sup> and residence permit/Slovak passport activated for electronic communication with authorities.</p>
<div class="blog-disclaimer"><p><b>✅ Solution:</b> We handle all communication with government authorities based on a signed power of attorney.</p></div>
<h3>4. Residence Permit (If Required)</h3>
<p>For third-country nationals without a residence permit or temporary protection, it is not possible to run a business. You must obtain a residence permit for entrepreneurship.</p>
<div class="blog-disclaimer"><p><b>✅ Solution:</b> Our partners will assist with <b>obtaining a business residence permit</b>—from consultation to preparing all documents and supporting you with the police.<br/>👉 <a href="/en/sluzby/prekladatelske-sluzby" target="_blank">Learn more about obtaining a residence permit.</a></p></div>
<h3>5. Trusted Person for Receiving Correspondence (For Sole Proprietors)</h3>
<p>A sole proprietor without permanent residence in Slovakia must appoint a trusted person to receive official correspondence. The trusted person must have permanent residence in Slovakia.</p>
<p>If the individual entrepreneur does not have permanent residence in Slovakia, they must appoint a trusted person to receive official correspondence from government authorities. The trusted person must have permanent residence in Slovakia.</p>
<div class="blog-disclaimer"><p><b>✅ Solution:</b> We do not burden our clients with this formality—we provide a trusted person for each client in the form of the company Úkon.sk s.r.o.</p></div>

<h2>How to Register a Business in Slovakia: First Steps and Support</h2>
<p>Starting a business in Slovakia with OkiDoki is easy. We have already prepared everything for you:</p>
<div class="blog-services">
<h3>✅&nbsp;Register a Sole Proprietorship with a Virtual Address for 2 Years – only <samp>€150</samp></h3>
<p>The perfect solution for freelancers, consultants, and small businesses. No trips, no queues, no difficulties.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about registering a sole proprietorship</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Open Your Company in Slovakia <i>(Slovak: s.r.o.)</i></h3> 
<p>A legal entity with a 10% corporate tax rate and full support at all stages of registration.<br/>
<a href="/en/sluzby/zalozenie-sro" target="_blank">👉&nbsp;Learn more about registering a company</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Criminal Record Certificate Translation and Processing</h3>
<p>We translate criminal record certificates with apostille into Slovak by certified translators. We also assist in obtaining certificates from <b>Ukraine</b> and <b>Poland</b>—with delivery and official translation.<br/>
<a href="/en/sluzby/prekladatelske-sluzby" target="_blank">👉&nbsp;Criminal record from Ukraine</a> <br/>
<a href="/en/sluzby/prekladatelske-sluzby" target="_blank">👉&nbsp;Criminal record from Poland</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Get a Consultation</h3>
<p>If you're not sure what to choose or where to start, we will advise you and suggest the optimal option based on your status and goals.</p>
</div>


How foreigners can register a business in Slovakia: forms, taxes, accounting, deadlines, documents, online submission, assistance.

Business Registration in Slovakia: Limited Liability Company (s.r.o.) or Sole Proprietorship

1745436700429-business-registration-in-slovakia.jpg

<h2>What is a Residence Permit for Entrepreneurship in Slovakia – Terms and Definitions</h2>
<p><b>Residence Permit</b> (Slovak: Prechodný pobyt) – an official document granting foreigners the right to live legally in a foreign country for a certain period and for specific purposes (e.g., for business activity, employment, or family reunification). If the purpose for which the residence permit was granted ceases to exist, the validity of the document is also lost.</p>
<p><b>Živnosť</b> – a colloquial term used to describe the form of entrepreneurial activity for individuals (sole proprietors) in Slovakia.</p>
<p><b>Permanent Residence</b> (Slovak: Trvalý pobyt) – a document granting foreigners the right to reside in the country indefinitely without the need to define specific purposes. In Slovakia, permanent residence can be obtained after 5 years of living with a residence permit (except for residence permits granted for study purposes, where the residence period is counted as one year for every six months).</p>

<h2>How to Obtain a Residence Permit in Slovakia: Step-by-Step Guide and Basic Requirements</h2>
<p>The issuance of residence permits in Slovakia is regulated by the Foreigners’ Residence Act <a href="https://www.slov-lex.sk/pravne-predpisy/SK/ZZ/2011/404/" target="_blank">(Act No. 404/2011)</a>. To obtain temporary residence (residence permit), you must fulfill the requirements outlined in the legislation, which we will discuss in detail below.</p>

<h3>Confirmation of the Purpose of the Residence Permit</h3>
<p>For obtaining a residence permit for business purposes, the document confirming the purpose of stay can be a business plan written in Slovak or a business license <i>(Slovak: živnostenské osvedčenie).</i></p>
<p>Providing a business plan as proof of purpose is objectively a bad decision. The Ministry of Economy of Slovakia will assess it to determine whether your future entrepreneurial activity aligns with the country's interests.</p>
<div class="blog-disclaimer"><p><b>⚠️ Useful Information:</b> <i>"If it is easier for the government to avoid responsibility and not approve something, it will certainly take that opportunity 🤡"</i></p></div>

<p style="margin-bottom: 5px;">An alternative and reliable way to confirm the purpose of obtaining a residence permit is to provide a business license. Anyone who meets the following requirements can register a business in Slovakia:</p>
<ul><li>Over 18 years of age;</li>
<li>Legal capacity;</li>
<li>No criminal record.</li></ul>
<div class="blog-services">
<h3>✅&nbsp;Register an individual entrepreneur with a virtual address for 2 years – only <samp>€150</samp></h3>
<p>No personal trips, no queues, no difficulties, online.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about registering an individual entrepreneur</a></p>
</div>
<p>If you do not have permanent residence in an EU/EEA country or a residence permit in Slovakia that allows you to engage in entrepreneurial activities, after registering a business, you will not be able to operate it. In other words, you will get a business (individual entrepreneur/živnosť or LLC/s.r.o.) that will not be active and will not even be published in the publicly accessible business registry and company register (<a href="https://orsr.sk" target="_blank">orsr.sk</a> and <a href="https://zrsr.sk" target="_blank">zrsr.sk</a> respectively).</p>
<p>However, you will receive a business license, which will serve as the document confirming the purpose of your residence permit, and thus, you won’t have to prepare a business plan and rely on the “mercy” of the Ministry of Economy employee.</p>
<p>You can register as a sole proprietor for only 150 euros <a href="/en/sluzby/zalozenie-zivnosti" target="_blank">via the link.</a></p>

<div class="blog-disclaimer"><p style="margin-bottom: 5px;"><b>⚠️ Useful Information:</b> <i>List of residence permits that allow entrepreneurial activities:</i></p>
<ul><li>Residence permit for entrepreneurship,</li>
<li>Residence permit for family reunification,</li>
<li>Residence permit for study purposes,</li>
<li>Residence permit for research activities,</li>
<li>Permanent residence in an EU/EEA country,</li>
<li>Temporary protection in Slovakia (Slovak: dočasné útočisko).</li></ul></div>

<h3>Confirmation of Financial Support</h3>
<p>One of the most difficult stages of obtaining a residence permit is proving adequate financial support for living and doing business. Since July 15, 2024, the only acceptable document for confirming financial stability is a bank transaction statement in the name of the applicant for the last three months.</p>
<p style="margin-bottom: 5px;">You need to provide two separate statements from two different accounts.</p>
<ul><li>To confirm financial support for <b>living</b>, one of the accounts must have an amount exceeding 12 times the minimum living wage. As of 2024-2025, this amounts to <samp>€3,287.88</samp> (273.99 x 12).</li>
<li>To confirm financial support for <b>entrepreneurial activity</b> as an individual entrepreneur <i>(Slovak: živnosť)</i>, the other account must have more than 20 times the minimum living wage, which amounts to <samp>€5,479.80</samp> (273.99 x 20).</li></ul>
<p>You can provide statements from both Slovak and foreign bank accounts. The key is that the statements must be signed, stamped, and either written in Slovak or translated into Slovak by a government-certified translator.</p>
<p>The statements must be issued no later than 90 days ago.</p>
<p>This requirement is an obvious relic in the foreigner residence law. If you have only one account with funds (as most people do), you won’t be able to prove financial support, even if you have a million euros in it 🤡. You will need to open another account, deposit funds, and wait at least 3 months.</p>
<div class="blog-disclaimer"><p><b>⚠️ Useful Information:</b> <i>"If you decide to open bank accounts in Slovakia, keep in mind that it’s not necessary for individual entrepreneurs to open a business account. A regular personal account will be much easier to open. Don't be surprised if some bank employees try to "turn you away". For Slovak banks, a foreign client is an additional risk. If you’re denied opening an account at one branch or bank, just try another one. Sooner or later, they’ll open an account for you ;)"</i></p></div>

<h3>Confirmation of Residence</h3>
<p>There are several ways to confirm your residence. In this article, we won’t suggest ineffective options, like "providing a rental agreement" (since in 99% of cases, the landlord must notarize their signature for the document to be valid, and almost no one does or will do this).</p>
<p>So, the only truly reliable document for confirming residence is a statement from the property owner confirming that they are providing accommodation to you. If the owner is an individual, the signature must be notarized. If the owner is a legal entity (e.g., an LLC), a stamp and signature on the document are sufficient. You can find the document template via the link.</p>
<p>The document must be issued no later than 90 days ago.</p>
<p>Some realtors, helpers, and dormitory owners sell such confirmations (which, of course, we do not recommend).</p>

<h3>Confirmation of Criminal Record</h3>
<p>Like most European countries, Slovakia does not wish to accept individuals with a criminal past. Therefore, you need to provide criminal record certificates from your country of citizenship and from all countries where you have lived for more than 90 days in the last 3 years (clarification: more than 90 days in a 6-month period). The certificates must be apostilled and translated into Slovak by a government-certified translator.</p>
<p>The certificate must be issued no later than 90 days ago. However, in justified cases, the migration police department may accept a certificate issued more than 90 days ago if the period between its issuance and the applicant's arrival in the Slovak Republic does not exceed 90 days.</p>
<p style="margin-bottom: 5px;"><i><b>Useful Information for People with Criminal Records:</b></i><br/>
<i>According to § 121, paragraph 4 of the Foreigners’ Residence Act, a person who has been convicted is considered to have no criminal record if the period required for the expungement of the conviction under the Slovak Criminal Code has passed. This means:</i></p>
<ul><li><i>If the person was sentenced to less than 1 year, they are considered to have no criminal record 3 years after serving the sentence.</i></li>
<li><i>If the sentence was for more than 1 year, the status of having no criminal record is acquired 5 years after serving the sentence.</i></li>
<li><i>Persons sentenced to more than 5 years are considered to have no criminal record 10 years after serving the sentence.</i></li></ul>

<div class="blog-services">
<h3>✅&nbsp;Get a Criminal Record Certificate from Ukraine with a Slovak Translation&nbsp;— only <samp>€80</samp></h3>
<p>No personal trips, no queues, no difficulties, online.<br/>
<a href="/en/sluzby/prekladatelske-sluzby" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>

<h3>Reservation of a Slot in the Migration Police</h3>
<p>There is no way to submit an application for a residence permit through a live queue at Slovak migration police – all applicants must make a reservation due to the outdated and slow <a href="https://portal.minv.sk/wps/portal/!ut/p/a1/jdFBD4IgGAbgn8QLIcoRygDLnJWrvDRPza2sQ-v3R60O1sK-G9vzMt4PUpMtqbvm1h6aa3vumuPjXIs9xzi12QyZkWqEUmimoqIAwD3YeYAfo9DPYxlNUVJjdW7AwNkrHwC9fGLX_tLZNLKyXIxg6Gf-G_TyRU4FVJWvtZIVg3m_f2yU5fH80ShhcBNtJ7HMASf-ywfAwP42pH4SypijeuVJUkoo40TMUk2R0AHg8AKhDk8Q-qRgTURDgJPLqfKzRetadwfspzGT/dl5/d5/L2dBISEvZ0FBIS9nQSEh/" target="_blank">online reservation system.</a> Be patient and enthusiastic when making a reservation ;)</p>

<p>Currently, those who have never had a residence permit in Slovakia can submit documents at any migration police department. Those who have or had a residence permit must go to the migration police department at their registered address.</p>

<p>It’s easier to make the reservation on a computer or laptop. After it’s created, you’ll receive an SMS with a PIN code. Make sure to save it, as you’ll need it to input in a special terminal at the migration police. You’ll also get an email with a link to cancel the reservation. If you know that you won't be able to make it to the scheduled time, please cancel it.</p>
<p>After creating the reservation, a PDF application will be generated. It’s recommended to download and print it before visiting the police. If you can’t download the application for any reason, you can print the empty template and fill it in manually.</p>

<h3>Payment for Government Services. Ekolky</h3>
<p>Ekolky are proof of payment for government services. You can make the payment directly at the migration police using a special terminal. Please note that some terminals do not accept cash, so make sure you have funds on your bank card.</p>
<p style="margin-bottom: 5px;">You need to pay for the services: </p>
<ul><li>Issuance of residence permit for entrepreneurial activity (code 554, cost <samp>€330.00</samp>), </li>
<li>Issuance and delivery of the residence permit card (code 547, cost <samp>€10.00</samp>).</li></ul>
<p>Make sure to write down the service codes separately – they’ll help you quickly find the necessary government services at the terminal when purchasing Ekolk.</p>

<h3>Small Organizational Matters</h3>
<p>Before visiting the migration police, be sure to check all your documents. You’ll also need two passport-size photos measuring <samp>3.5 x 3.0 cm</samp> and your international passport. It’s recommended to arrive at the migration police 15 minutes before your scheduled time.</p>
<p>In our article, we often mention translations done by government-certified translators. This is important because translations by other translators are not accepted. You can find the list of government-certified translators <a href="https://www.justice.gov.sk/registre/prekladatelia/?stav_string=zapis&rozhodnyDatum=14.08.2024&pageNum=1&size=10&sortProperty=meno_sort&sortDirection=ASC" target="_blank">in the official registry.</a></p>

<div class="blog-services">
<h3>✅&nbsp;We Provide Certified Translations into Slovak&nbsp;— <samp>from €25 per page</samp></h3>
<p>Only from certified translators.<br/>
<a href="/en/sluzby/prekladatelske-sluzby" target="_blank">👉&nbsp;Learn more about the service</a></p>
</div>

<h2>What You Need to Apply for a Residence Permit in Slovakia: Documents, Deadlines, Conditions</h2>
<ol><li>Slovak business license <i>(Slovak: živnostenské osvedčenie).</i></li>
<li>Bank transaction statements for the last three months: accounts should have at least <samp>€3,287.88</samp> and <samp>€5,479.80</samp>, statements should be no older than 90 days and translated into Slovak.</li>
<li>Confirmation of residence in Slovakia: this must be done by the property owner where the applicant will stay (sometimes purchased for a fee), the document should be no older than 90 days.</li>
<li>Criminal record certificate from the country of citizenship and from all countries where the applicant has lived for more than 90 days in the last 3 years: document must be apostilled, translated into Slovak by a government-certified translator, and no older than 90 days.</li>
<li>Ekolky for residence permit issuance (code 554, cost <samp>€330.00</samp>) and residence permit card delivery (code 547, cost <samp>€10.00</samp>).</li>
<li>Two passport-size photos <samp>3.5 x 3.0 cm.</samp></li>
<li>Completed application form.</li>
<li>Reservation at the migration police.</li>
<li>International passport.</li></ol>

<h2>What to Do After Receiving a Residence Permit in Slovakia: Registration, Insurance, Taxes</h2>
<p>If the document package fully meets the requirements, you will receive approval for your residence permit within 90 days of submitting your application. First, you will receive an SMS about the approval, and then the residence permit card will be sent to you by mail. Your business will also be registered in the company register on the website <a href="http://zrsr.sk" target="_blank">zrsr.sk.</a></p>
<p>After receiving the residence permit card, you must register with a medical insurance provider and pay the insurance premiums of <samp>€97.8 per month</samp> (you will receive the payment details). Slovakia has three health insurance companies: Dovera, Union, and VšZP. You can contact any branch. Some insurance companies, such as Union, offer the possibility to register online.</p>
<p>Additionally, you need to undergo a special medical examination for the migration police <i>(Slovak: lekárska prehlídka cizokrajných chorôb)</i> at a certified clinic. A list of clinics is available <a href="https://www.minv.sk/?information-for-foreigners&subor=480176" target="_blank">here.</a> After the medical examination, you also need to send the certificate by mail to the migration police at your registered address.</p>
<p>After <b>five years of residence</b> in Slovakia on the basis of a residence permit, you have the right to apply for permanent residence.</p>

<h2>Where to Start the Process of Obtaining a Residence Permit in Slovakia for Entrepreneurship</h2>
<p>Starting a business in Slovakia with OkiDoki is easy. We have already prepared everything for you:</p>
<div class="blog-services">
<h3>✅&nbsp;Register as a Sole Proprietor with a Virtual Address for 2 Years – only <samp>€150</samp></h3>
<p>The perfect solution for freelancers, consultants, and small businesses. No trips, no queues, no difficulties.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Learn more about registering a sole proprietor</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;Business Consultations in Slovakia</h3>
<p>We will explain how to open a sole proprietorship or LLC, what documents are needed, and how to avoid bureaucracy.<br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Contact us</a></p>
</div>


How to get a residence permit in Slovakia for business: documents, deadlines, sole proprietorship (živnosť) registration, and renewal.

Blog