Entrepreneurship in Slovakia

Types of Entrepreneurship in Slovakia

According to the fact that the economy of Slovakia depends on the production and export of cars to other European countries, especially Germany, it can be understood that entrepreneurship is very important in this area. Important industries in Slovakia include the metal industry, the food industry, the pharmaceutical industry, the printing and paper industry, the chemical and oil and gas industries, as well as industrial machinery. Activities and entrepreneurship in these fields can lead to increasing the economic growth in Slovakia.

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Topics reviewed in this article:

• The required documents and qualifications for entrepreneurship in Slovakia
• How to start a business in Slovakia?
• Getting a residence permit in Slovakia through company registration

The required documents and qualifications for entrepreneurship in Slovakia

The first step for applying to the embassy of Slovakia is that your documents must be completed. The documents that are required for getting a residence permit through entrepreneurship in Slovakia are:

Having a business plan is very important. These business plans must be innovative and they must be based on Slovakia’s business needs and have a positive impact on the economy of Slovakia. The applicant can get some help from reputable institutions and companies for writing a business plan. This plan must be approved by the Labor and Immigration Service of Slovakia.

How to start a business in Slovakia?

It is one of the laws of Slovakia that applicants who intend to start up a business in Slovakia must get a business license from the Government of Slovakia. In order to have a business license and establish a company in Slovakia, you need a business plan that has been approved by the Labor Office of this country. This business plan must be innovative and it must have an obvious positive impact on the economy of Slovakia and must create jobs and generate revenue in this country. If your business plan meets the requirements of Slovakia or is not saturated in this country, your application will be accepted. If you intend to invest through company registration and entrepreneurship we offer you Canada, because in Canada there are no limitations and restrictions on the commercial market and the type of your economic activity and business.

Getting a residence permit in Slovakia through company registration

According to the laws of Slovakia, company registration and entrepreneurship in Slovakia can lead to getting a residence permit in this country. The first step in registering a company and getting a residence permit in Slovakia through entrepreneurship is that the applicant must register a company in this country with an initial capital of about 25,000 euros. This amount will be transferred to the company’s account as the initial capital so that the company’s credit is secured and the person can receive his/her visa. After getting his/her visa, the applicant can start his/her business in Slovakia and take the required actions for his/her business activity. We need to mention some important points about registering a company and getting a residence permit in Slovakia through entrepreneurship. According to the law, just as every real person has some rights, companies and institutions have basic rights because of their legal nature. Thus, a company established in Slovakia obtains a Slovak nature, and on this basis a person who has registered the company and started a business in Slovakia can apply for a residence permit in Slovakia for himself/herself and his/her family. This residence is temporary and lasts for 5 years, and after 5 years, by continuing to work and proving that he/she has started a business in Slovakia, the applicant can apply for permanent residence for himself/herself and his/her family. It is noteworthy that after 5 years a person can dissolve the company and the government is obliged to grant a permanent residence to the person after 5 years.