2015

Slovakia

Brief country overview

Prepared by Start Global

Start Global — opportunities abound

№49

Ease of doing

business

(1-189) 2014**

Inflation 2014

-0.1% Paid in minimum

capital requirement USD 2 740

Required share of

capital USD 5 483

Time from 1 week

LLC Incorporation

service from USD 932*

LLC incorporation***

Economy of Slovakia is the fastest growing in Central Europe

*Includes preparation of all documents for the registration of the company in the Commercial and Trade register, registration of the company to the Tax authority (tax ID number – “DIC“) (it is not VAT), opening of the bank

account for the purpose of the establishment LLC before the registration of the company in the Commercial register (it is not included the set up disposal rights, access to the e-banking etc). The court fee and notary fee is app+

EUR 200

**An index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Data in Doing Business 2014 are current as of June 1, 2013

***Director of LLC can be only EU or OECD citizen or person with residence permit in Slovakia

Sources: IMF, CIA, trademap.org, oanda.com, World Bank Group, www2.deloitte.com, www.uhy.com, www.kpmg.com, www.ef.edu

Average growth

rate of real GDP

until 2020

3.1%

GDP 2014, USD

100bln

In meetings or presentations do not raise

politics first and avoid Slovak-Hungarian

topics unless you know your hosts opinion

on this matter

Languages spoken in Slovakia: Slovak 84%

(official), Hungarian 11%, Roma 2%,

Ukrainian 1%

Level of English proficiency: moderate

Business culture

features

Slovakia

2

Start Global — opportunities abound

*Includes the manufacture of motor vehicles, trailers and semi-trailers

**Includes manufacture of structural metal products, tanks, reservoirs and steam generators: manufacture of weapons and ammunition: manufacture of other fabricated metal products and metalworking service activities except

machinery and equipment

***Includes manufacture of basic iron and steel; basic precious and other non-ferrous metals and casting of metals

.Source: Eurostat

Motor vehicles manufacturing is the most developed industry in Slovakia

Production value in the most developed industries in bln USD 2014 and CAGR (2010-2014), %

Slovakia

Electric-power

industry

12.8 bln USD 27.7 bln USD

Motor vehicles

manufacturing*

12.2%

6.6 bln USD

10.7%

Fabricated metal

product

manufacturing**

7.7 bln USD

Manufacture of

computer, electronic

and optical products

-3.3%

5.2 bln USD

Manufacture of

basic metals***

-1.2%

3

-2.9%

COUNTRIES

20+

CLIENTS

40+

INDUSTRIES

20+

25+

Coverage of Start Global

Start Global will help you to enter new markets and

to arrange long-term sales partnerships

GET YOUR INTERNATIONAL ADVISER BY:

e-mail: info@start-global.biz

tel: +38 (044) 225 04 40

www.start-global.biz

CUMULATIVE

YEARS OF

EXPERIENCE