BUSINESS IN SLOVAKIA

LAURA NOVEKOVÁ

VANDA SZAPPANOŠOVÁ

HOW TO ESTABLISH AN ENTREPRENEURSHIP

You need: age over 18

legal capacity

civic integrity

What to consider: Material facet

Organizational facet

Economical facet

NECESSARY DOCUMENTS

☼ Extract from the police record

☼ Copy of a degree or a leaving certificate

☼ Confirmation of completion of training period

☼ Authorization of the license

issued by the Trade authority

DIVISION OF TRADE craft trade

competence is proved by training certificate in

the particular sphere

at least 1year practice in the sphere is required

bound trade

competence is adjusted by law

free trade

any person should fulfill only general

conditions of business

DIVISION OF CORPORATIONS

Public company (v. o. s.)

Mixed partnership (k. s)

Public limited company (a. s.)

Limited liability company (s. r. o.)

SLOVAK COMPANIESVolkswagen

largest car company in Slovakia plants in Bratislava, Košice,

Martin

Slovnaft only refinery in Slovakia it´s predecessor was Apollo

refinery

U. S. Steel largest steel producer in Slovakia located in Košice region

Tesco 2nd largest private employer in

Slovakia runs more than 130 stores

Samsung Electronics the biggest producer of Samsung in

Europe situated in Galanta since 2002

Slovak Gas industry is a Slovak key natural gas supplier provides services for more than 1.3

million customers

Slovnaft

U. S. Steel

Volkswagen

Tesc

o

Samsung

SGI

Best paid jobs in Slovakia

Best paid positions are: managing director country director financial director production director

Their wage per month is approximately 3000 €.

Other good positions: IT architect IT manager financial and personal manager lawyer software engineer

SLOVAK BUSINESSMEN

Andrej Babiš richest Slovakian businessman owns company Agrofert

Jaroslav Haščák 2nd richest businessman member of Penta Investments

Patrik Tkáč financier and founder of J & T

Securites J & T today operates in the private

banking, real estate, industry and health care

Miroslav Trnka founder of company ESET, and one of

the co-owners creator of the first version of the

award-winning NOD32 antivirus product.

1. Andrej Babiš

2. Jaroslav Haščák

3. Patrik Tkáč

4. M

irosla

v

Trnka

Online businessNumber of e-shops in Slovakia:

Last year – 4500 Today – 6000

Most frequent online selling items: electronics perfumes clothes...

Most important criteria for buyers are not prices, but their own experiences or

the experiences of other buyer.

BUSINESS ENVIRONMENT IN SLOVAKIA

The biggest problems in the business environment in Slovakia:

poor law enforcement instability and ambiguity of laws high tax payments corruption

The courts are referred to be the most corrupted.

The results of the survey about corruption and fraud, showed that 1 in 5 employees has information about manipulating of the financial statements in their company.

Thank you for your

attention!