Due to the armed conflict in Ukraine, many companies operating there have faced the necessity to relocate their business abroad. Slovakia is one of the most frequently chosen locations by Ukrainian entrepreneurs, especially due to its proximity, similar language and culture.
Currently, around 2 174 companies with Ukrainian capital operate in Slovakia.
Ukraine currently ranks 5th in the ranking of the most frequent foreign owners of our companies. Due the military attack on Ukraine, this number will certainly grow significantly in the near future.
The Slovak government and non-governmental organisations undertake numerous initiatives aimed at supporting Ukrainian citizens fleeing the war and helping Ukrainian entrepreneurs to relocate their companies to Slovakia.
The most important facilitations for Ukrainian citizens in Slovakia
• Facilitation of residence legalisation:
- Possibility of legal work
- Free access to urgent medical care
- Free education for children
Establishing a company in Slovakia
Entrepreneurs from Ukraine have the possibility to open a company or a branch in Slovakia. The most popular form of conducting business in Slovakia is a limited liability company (s.r.o.).
• Simple procedure for setting up a company
- Possibility of online registration of a company
- Minimum share capital of the limited liability company amounts to 5 000 EUR (if more shareholders, each min. of 750 EUR, together must be 5 000 EUR)
- No restrictions concerning nationality of shareholders
Find out more about forms of conducting business in Slovakia, taxation and employment of employees:
Doing business in Slovakia 2022
Moving a company from Ukraine to Slovakia - how can we help?
We provide comprehensive support to Ukrainian companies planning relocation to Slovakia at every stage of this process - from advice on choosing the optimal form of business and taxation, through the completion of formalities related to the establishment of a company and ongoing support for business processes.
Setting up a business in Slovakia by a company from Ukraine - the scope of support
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Assistance in registration of an employee from Ukraine
- Advisory on choosing an optimal form of conducting business activity
- Advisory on choosing the optimal form of taxation
- Opening a company or a branch
- Registration for tax purposes
- Opening a bank account
- Establishment of an electronic signature
- Registration of the Ultimate Beneficiary Owners
Starting a business in Slovakia - scope of support:
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Employment of staff - preparation of employment contracts / cooperation contracts
- Registration of a company and employees for social insurance
- Accounting services
- Tax advisory
- HR & Payroll services
- Corporate secretarial services
- Compliance
- GDPR compliance
For more information click here: https://www.crowe.com/sk/en-us/news/doing-business-in-slovakia
