Doing Business In: Slovakia


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How can RELEVANS Law Firm help?

RELEVANS Law Firm is one of the largest and award-winning law firms in Slovakia. Thanks to our outstanding and experienced legal professionals, we have become one of leading law firms in litigation, real estate law, as well as in M&A, corporate and banking law. We provide our services to domestic and foreign clients as well.

Areas of practice

RELEVANS Law Firm provides to its clients with comprehensive and high-quality legal services in following areas of practice:


Mergers & Acquisitions

Real estate law

Banking and financing

Corporate law


Labour law

Intellectual property law and IT law

Media law/Telecommunication law

Bankruptcy/Insolvency/Corporate restructuring

1. Litigation

Since the formation of RELEVANS Law Firm, litigation agenda has been and continues to be the key and most important area of our activity. RELEVANS Law Firm has a specialised team of procedural lawyers representing domestic and foreign clients before general courts, the Constitutional Court of the Slovak Republic, the European Court of Human Rights, as well as in arbitration proceedings.

RELEVANS Law Firm represents its clients in all areas of their activities, while being the most experienced primarily in the field of claims for damages, legal issues related to personality rights, protection of competition, constitutional law, intellectual property rights, telecommunication law, banking and financial law and administrative law. RELEVANS Law Firm provides comprehensive legal cover for the most challenging cases on the Slovak market.

Our legal services include:

  • Preparation of in-depth analyses relating to the evidence, factual and legal background of every particular case
  • Assessment of risks to the client’s legal status
  • Preparation of procedural strategy
  • Consultation in the preparatory stages of dispute settlements, as well as during ongoing proceedings
  • Negotiation and representation of the client in an out-of-court dispute settlement
  • Preparation of all types of filings, including pre-litigation appeals, actions, proposals, opinions and ordinary as well as extraordinary remedies
  • Representation in proceedings
  • Assistance in enforcement of the decision

2. Mergers & Acquisitions

Focus on detail, an efficient business approach, and much more defines RELEVANS Law Firm’s team of transaction and corporate/commercial lawyers, who provide legal services in M&A.

Over the years, we have been involved in a large number of significant acquisitions, whether in the form of a share-deal, asset-deal, transfers of enterprises or their parts, mergers (by fusion, merger or cross-border mergers), joint ventures and other M&A forms.

We provide legal services in the implementation of domestic and foreign investors’ investment plans in the most diverse segments of the market. Our clients include strategic investors, banks, financial groups, domestic and foreign companies, as well as private individuals.

M&A legal services include, in particular:

  • Legal due diligence
  • Advising on structuring the transactions
  • Preparation of transaction documentation
  • Representing clients in negotiations, conducting negotiations
  • Legal support and advice in financing of transactions
  • Active cooperation with tax, financial and other professional advisers
  • Advising on competition law issues (concentration)
  • Providing analyses of mergers, acquisitions, and transaction´s related issues
  • Advising on the implementation of transactions and the post-transaction arrangement of a company
  • Representation in proceedings before administrative authorities and public institutions

3. Corporate law

RELEVANS Law Firm provides legal advice in all areas of the company´s lifecycle, starting from selecting the suitable legal form, through selecting the scope of business and company´s formation, up to merger, division, transformation or dissolution. We provide legal services not only in the field of a respective form of company’s corporate relations and operation within the Slovak Republic, but also in the formation and operation of holding arrangements of different companies and groups.

Our legal services include, in particular:

  • Establishing of companies and making changes in the registered data
  • Advising on and preparation of constitutive documents, shareholder agreements, silent partnership agreements and other similar contracts
  • Arranging procedures and conducting general meetings and meetings of other company bodies
  • Advising on and preparation of corporate changes such as increase and decrease of a companies’ registered capital
  • Advising on and implementation of mergers, amalgamations and divisions of companies, as well as changes in legal form

4. Real estate law

RELEVANS Law Firm has a leading position on the Slovak market for legal services in real estate, development and construction. Comprehensive professional advice for our clients is provided by an extensive team of lawyers with long-term experience in various types of transactions in development, construction and retail projects.

The renowned quality of our services is guaranteed by the involvement of our lawyers in transaction structuring, corporate arrangement of project companies, project financing and security, licensing and approval phases, the sale, lease and management of individual properties, or contractual relationships with suppliersof.

Our services include, in particular:

  • Legal due diligence of properties and projects
  • Legal advice for zoning, building and approval procedures
  • Legal support and advice in the development, planning and construction of properties
  • Advice on the purchase/sale and lease of real estate, mostly residential, non-residential, wholesale and retail premises, office and industrial premises
  • Legal support and advice in the lease of real estate
  • Legal support and advice in the financing of projects and acquisitions
  • Advice and preparation of contractual documents in accordance with FIDIC international standards
  • Preparation of all related contractual documents according to the client’s needs and project (acquisition contracts, lease and sub-lease relationships, pledge contracts and contracts for rights in rem, drafts of documentation necessary for the execution of decisions on registration and many other)
  • Representation in proceedings before administrative authorities, courts and public institutions

Business environment in Slovakia in facts & figures

Area:                                               49,035 km2

Population:                                       5,4 mil

Capital City:                                     Bratislava

Memberships:                                   European Union, Eurozone, Schengen Area, OECD, WTO, NATO

Time zone:                                       GMT +1 hour

Currency:                                         EURO

Type of government:                         Parliamentary system

Official language:                              Slovak

Slovakia country credit ratings:          A+ by Standard & Poor’s, A+ by Fitch, A2 by Moody’s and 0 by OECD Country Risk

Real GDP Growth 2018:                  3,5 %

Average inflation in 2018:                 2,5 %

Ease of Doing Business:                    33. Place (source: Doing Business Report 2017)

Why invest in Slovakia?

Slovakia is a Central European country with strategic location between Eastern and Western Europe. Slovakia has been known not only for its leisure activities, but due to its growing economy, it has also become an ideal place for doing business.

Why invest in Slovakia?

  • Safe investment environment
  • Fast-growing economy
  • Political and economic stability
  • Stable legal environment
  • EU member
  • Big export potential
  • Schengen zone member
  • Great telecommunication infrastructure
  • Quality road, water and rail infrastructure
  • Quality and productive labour with great language skills
  • Wide selection of industrial land & offices
  • Excellent geographical position

Key business sectors

  • Automotive
  • IT
  • TECH industry
  • Mechanical engineering
  • Electronics industry
  • Share Service Centre
  • Metallurgy & Metal processing
  • Chemistry & Pharmacy

Investment incentives

Companies have option to apply for the Investment Aid, under the Slovak Act on Investment Aid. Following projects may be granted the investment aid:

  • Industrial production
  • Technological centres
  • Share service centres
  • Tourism centres

Investors can apply for:

  • Investment grants
  • Corporate tax relief or tax holidays
  • New job grants
  • The option to acquire a property from the public authorities at a price lower than market value.

The attractiveness of investing in Slovakia is proved by constantly raising number of foreign investors and also by the volume of foreign direct investment in the country.

Taxes in Slovakia

Legal entities that are seated in Slovakia or legal entities whose place of effective management is seated in Slovakia are generally regarded as tax residents and are liable to pay Slovak corporate income tax.

Non-resident legal entities are liable to pay Slovak corporate income tax only on income specifically generated from the Slovak sources.

Corporate taxes

Corporate income tax: 21 %

Value added tax: 20 %

Inheritance Tax: 0 %

Gift Tax Real Estate Transfer Tax: 0 %

Repatriation of Profits: 100 %

Personal income taxes

Personal income tax: progressive rate from 19 % to 25 %

Dividends tax rate: 7 %

Accounting and auditing

Slovak accounting and auditing rules have been harmonized with international and EU standards. The companies may use the preparation of the financial statements and consolidated financial statements the Slovak accounting rules, unless the law prescribes that IFRS rules must be used.

Labour market

In Slovakia, investors can find skilled workforce with great combination of productivity, qualification, multilingual competence, and last but not least, labour costs. Slovaks are known for high flexibility and adaptability to different cultural management styles.

The most common foreign language is English and followed by German, French and Russian.

As of 2018, the average gross monthly salary in Slovakia is EUR 1004. Minimum gross monthly salary in Slovakia is EUR 520. The maximum weekly working time is 40 hours. Employees performing work on a two-shift operation may work up to 38.75 hours per week and employees working a three-shift system may work up to 37.5 hours per week. Regarding overtime, in general the maximum overtime may not exceed 48 hours per week. But special condition may apply for certain types of work. The current unemployment rate is around 6,6%.

Business law

The fundamental laws in business law is the Commercial Code. Doing business is defined as a systematic activity conducted independently by an entrepreneur (either an individual or legal entity), in their own name and under their own responsibility for the purpose of making a profit.

In Slovakia, there are in general the same conditions for establishing business for foreigners, as for Slovak citizens. Therefore, foreigners can establish a Slovak legal entity and can become a partner or a member or a shareholder of any legal entity. All legal forms of business must be registered with the Commercial Register and can start to operate on Slovak market only after the registration process is over and complete. Moreover, every for-profit business activity has to have appropriate trade licence (required for a particular business activity) issued by the Department of Trade or by the special state authorities, if needed).

Legal business entities in Slovakia are:

  • Trade Business
  • General Partnership
  • Limited Partnership
  • Co-operative
  • Simple Joint-Stock Company
  • Limited Liability Company
  • Joint-Stock Company

Legal system regarding civil litigation & dispute resolution 2019

The legal system of Slovakia is a civil law system, influenced by Roman law tradition.

Civil procedure law is governed in particular by the following Acts:

– Act No. 160/2015 Coll., Civil Dispute Procedure (“CDP”)
– Act No. 161/2015 Coll., Civil Non-dispute Procedure (“CNDP”)
– Act No. 233/1995 Coll. on court bailiffs and execution (Execution Procedure).

Civil procedure is divided into two basic categories:

  • dispute proceedings regulated by CDP; and
  • non-dispute proceedings regulated by CNDP (e.g. probate proceedings, child custody proceedings or proceedings on the matters of the register of companies).

General courts in Slovakia are: district courts that are the courts of first instance, county courts that are the courts of appeals against decisions of the courts of first instance, and the Supreme Court of the Slovak Republic that is an appellate review court. Appellate review (unlike appeal) is an extraordinary remedial measure admissible only against decisions in force of the courts of appeals, aiming at rectification of the most serious errors.

The Constitutional Court of the Slovak Republic stands outside the system of general courts and decides on constitutional matters.