Setting up a business in Slovakia
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Over the last decade the Slovak Republic has become an attractive country to foreign investors.
This is due to factors including low tax rates of 19 or 25 per cent for individuals and 21 per cent for legal entities while dividends are subject to 7 or 35 per cent tax under specific conditions; the Euro being the official currency since 1 January 2009; a skilled and educated workforce and the country’s favourable location between Western and Eastern Europe. Bank accounts may be held in any major foreign currency and there are no specific laws governing inward investment. The country is a member of the EU, OECD, WTO, NATO, OBSE and the Schengen Area.