Branch Office in Slovakia
Set up Branch Office of foreign company in Slovakia is a complicated process that requires constant contact with the issue, as well as knowledge of relevant legislation and the legislation necessary for the successful registration of the Company Register.
We provide ALL INCLUSIVE services of setting up Branch Office in Slovakia. It means that we fully conform to the requirements of the client and create his company by his wishes, without lengthy processing the necessary documents to the offices.
Setting up Branch Office in Slovakia - 680 €
Our company provide "ALL INCLUSIVE" service - we provide you all the information of starting business in Slovakia, we prepare all documents and we will contact all required State Offices. Our client only sign required documents in Notary presence or on the Slovak embassy.The price for Setting up Branch includes:
- Set up Branch Office - anywhere in Slovakia
- Counseling before, during and after the establishment of a company
- Preparation of all required documents for Setting up Limited company - you just come and sign all necessary documents, some of them needs to be verify at Notary, or in Slovak Embassy
- Application for registration at the Trade Register - issue business licenses
- Application for registration at the Business Register of Slovakia including Registration FEE
- Company registration at the Tax Office for Corporate income Tax
- Guarantee of company formation - We guarantee company formation for our clients
- We have more than 5300 references - We provide our services since 2010 and we have more than 5300 satisfied clients
All other fees:
- Fees for issuing business licenses: 0€ for every free trade licence
- Verification of signatures (cca. € 13 per company at the Notary office - for a branch with 1 director)
Branch formation usually takes 10-14 working days after the signing all of the documents.
Set up Branch office of a Foreign Company in Slovakia is another way how to start bussiness in Slovakia. The branch must have the same name as the parent company.
Opening a branch in Slovakia has several benefits and disadvantages.
Characteristics of a Branch Office in Slovakia:
Director can be only natural person who is a citizen of the EU or OECD. Director from the another country must have a residence permit in Slovakia.
Branch can be established only by one foreign person (usually foreign company).
When you decide to form a branch there is not necessary to declare any basic capital.
The main feature of the branch is that the founding company is liable for all debts of a Branch.
Other requirements and details you can find in Act No. 513/1991 Coll., Commercial Code as amended.
Obligation to use electronic Data Mailboxes from 1.7.2017
From 1.7.2017 all Slovak state authorities will comunicate with companies registered in Slovakia via electronical Data Mailboxes.
If all directors of your company are foreign citizens without resident in Slovakia or you are not for any reason able to ensure access to electronic Data Mailbox of your company, please contact us, we will ensure access to electronic Data Mailbox under power of attorney.
Taxation in Slovakia
Slovakia has a Corporate Tax Rate of 15% for turnover up to 100 000€ otherwise 21%. Resident companies are subject to tax on their worldwide income and capital gains. The corporate income tax (CIT) applies to the profits generated by all companies, including branches of foreign companies. Slovakia does not have local, state, or provincial Corporate Tax.Withholding tax of 19% is levied on income from participation certificates, certain debentures, vouchers and investment coupons, and interest from bank deposits.
The value-added tax (VAT) in Slovakia is levied at a rate of 20%. A lower rate of 10% is levied on medicine and certain books.
Dividends from profits earned after 1.1.2004 are not subject to tax in Slovakia. From 1.1.2017 there is dividend tax of 7% for individuals.
