Slovakia has got a population of over five million and an area of about 49,000 km2. The official language is Slovak, though English is widely spoken.

Slovakia has been a member of the EU since 2004 and has also been a member of the Eurozone since 2009. The personal income tax is 19% and the corporate income tax is 22%. There are two VAT rates - 20% (standard rate) and 10% (reduced rate).

Tax benefits

Corporate features (limited liability company)

Minimum number of directors / board of directors One
Requirements for directors Only individual directors are allowed. Director must be an OECD resident. Foreign individuals must submit a duly certified police record
(criminal clearance).
Supervisory Board Not obligatory
Minimum number of supervisory board members N/A
Requirements for supervisory board members N/A
Minimum number of shareholders One individual or corporation
Requirements for shareholders None
Bearer shares allowed No
Minimum share capital 5,000 EUR
Obligation to pay‐up capital to a bank account No (since January 2016)
Publicly available information Name of company, identification number of company, registered office, details of directors and their capacities, nature of business, shareholder details, share capital, financial statements