Slovakia offers one of the fastest and most affordable paths to EU residency through business. With low taxes, minimal bureaucracy, and family-friendly policies, it’s ideal for entrepreneurs.
Why Slovakia for Business?
You can obtain a residence permit in about 3 months. It allows legal business activity across the EU, offers low corporate and income taxes, and enables family reunification. After five years, you can apply for permanent residence and later, Slovak citizenship.
Sole proprietor vs Company in Slovakia.
For a sole proprietor, you need around €5,000 as a registered capital. Taxes are 15% on profit. If your turnover exceeds €8,580annually, you’re required to pay monthly social contributions that is minimum 237.02 euro for 2025 . You’re eligible for state health insurance, which covers your children too. You can freely withdraw and deposit money, but you are personally liable for all debts. This option is perfect for freelancers and small business owners like barbers, cleaners, or food vendors.
For a company (s.r.o.), you need €5000 as a registered capital. Taxes include 21% on profit and 10% on dividends. There’s no obligation to pay social contributions unless you have employees. Directors must have commercial insurance, and each family member must hold a separate policy. Money can only be withdrawn through business expenses or dividends. The liability is limited to the company’s assets. This structure is ideal for businesses with higher turnover and those aiming for a stronger corporate image.
Residency renewal requirements for Business Residence Permits in Slovakia.
Sole proprietors must spend more than half the year in Slovakia, show yearly profits over €5,000, and file tax returns. For company owners, you need to show at least €3,500 paid in taxes annually and hold €2,600 in your personal account.