Establishment of a business

Establishment of a business

A trade is a form of business in Slovakia, in which a natural person can carry out business activities on the basis of a trade license. The business is not a legal entity and the entrepreneur is responsible for his activity with his own financial resources .

The business is suitable for individuals who usually have one or two customers and have no expenses . In this way, they can claim flat-rate expenses through the business, thereby reducing the tax and levy burden and simplifying tax records.

The conditions of trade and the control over their compliance in the Slovak Republic are regulated by Act No. 455/1991 Coll. on trades (Trades Act) as amended (hereinafter referred to as the "Trades Act").

Establishing a business in Slovakia involves several steps. Here is a brief overview of the process:

  1. Choosing the type of business: Before starting a business, it is necessary to choose a suitable type of business. In Slovakia, we have 3 types of trades, i.e. free, bound and craft.

  2. Registration in the trade register: After choosing the type of trade, it is necessary to submit an application for its establishment in the trade register, see https://www.zrsr.sk/default.aspx .

  3. Payment of a fee for selected trades - when establishing a trade through our company, you do not pay for free trades!

  4. Registration of the trade: After the successful completion of the necessary documents, the trade is registered in the trade register.

  5. Registration for VAT number at the tax office and establishment of electronic communication with financial management.

A natural person who meets the following conditions can open a business in Slovakia:

  • Legal capacity
  • He turned 18 years old
  • Integrity
  • Special requirements established by the Trade Act.

Considering the complexity of the process of setting up a business and providing the necessary documents, it is recommended to contact us, as you already save money when setting up a business with us.