Slovakia Geography, Politics, Economy, and Culture

A landlocked country in the heart of Europe, Slovakia was a part of Czechoslovakia until 1993, when it became a sovereign state. It was admitted to the European Union in 2004 and the eurozone in 2009.

Slovakia has hundreds of caves and caverns under its mountains, of which 30 are open to the public. Most of the caves have stalagmites rising from the ground and stalactites hanging from above. It has a temperate and continental climate with the warmest regions being Bratislava and Southern Slovakia.

The main industry sectors in its economy are car manufacturing and electrical engineering. Since 2007, Slovakia has been the world’s largest producer of cars per capita. The population consists mostly of Slovaks, which is also the most spoken language. Other ethnic groups include Roma and the Czechs.

April 2Good Friday
April 5Easter Monday
May 1Labor Day
May 8End of World War II
July 5St. Cyril & St. Methodius Day
August 29National Uprising Day
September 1Constitution Day
September 15Day of Our Lady of Sorrows
November 1All Saints’ Day
November 17Fight for Freedom and Democracy Day
December 24Christmas Eve
December 25Christmas Day
December 26St. Stephen’s Day
  • a.s. (Akciová spoločnosť)
  • s.r.o., spol. s r.o. (Spoločnosť s ručením obmedzeným)
  • k.s. (Komanditná spoločnosť)
  • v.o.s. (Verejná obchodná spoločnosť
  • družstvo
  • živnosť
  • Corporate Tax: 22%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 25%
  • VAT/GST/Sales Tax: 20% (standard rate), 10% (books and medicines)
  • Československá obchodná banka, owned by KBC Bank  (Commercial Bank)
  • ČSOB Stavebná sporiteľňa  (Commercial Bank)
  • OTP Banka Slovensko, member of OTP Bank  (Commercial Bank)
  • Poštová banka  (Commercial Bank)
  • Prima banka, member of Penta Investments  (Commercial Bank)
  • Privatbanka  (Commercial Bank)
  • Prvá stavebná sporiteľňa  (Commercial Bank)
  • Raiffeisen Bank  (Commercial Bank)
  • Slovenská sporiteľňa, member of Erste Bank  (Commercial Bank)
  • Slovenská záručná a rozvojová banka  (Commercial Bank)
  • Tatra banka, member of Raiffeisen Zentralbank  (Commercial Bank)
  • Všeobecná úverová banka, member of Intesa Sanpaolo  (Commercial Bank)
  • Wüstenrot stavebná sporiteľňa (Commercial Bank)
  • Banco Cofidis, S.A.  (Foreign Bank)
  • BKS Bank AG  (Foreign Bank)
  • BNP Paribas Personal Finance SA, member of BNP Paribas (Foreign Bank)
  • Citibank Europe plc, member of Citigroup  (Foreign Bank)
  • Commerzbank AG  (Foreign Bank)
  • Fio Banka  (Foreign Bank)
  • ING Bank N.V., member of ING Group  (Foreign Bank)
  • J&T Banka, member of J&T Group  (Foreign Bank)
  • KDB Bank Europe Ltd., owned by Korea Development Bank  (Foreign Bank)
  • Komerční banka Bratislava, owned by Komerční Banka (member of Société Générale)  (Foreign Bank)
  • mBank, owned by BRE Bank SA, member of Commerzbank AG  (Foreign Bank)
  • Oberbank AG  (Foreign Bank)
  • UniCredit Bank Czech Republic and Slovakia (Foreign Bank)
  • Banque Privee Edmond De Rothschild Europe (Foreign Bank)
  • European Bank for Reconstruction and Development (Foreign Bank)
  • Prvá česko-ruská banka (Foreign Bank)

Aadmi can support you with your expansion to Slovakia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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