This table summarizes the procedures and costs associated with setting up a business in Slovakia.
| Nature of Procedure (2006) |
Proc # |
Duration
|
US$ Cost |
| Obtain certificate of clean criminal record |
1 |
1 |
15.54 |
| Check the uniqueness of the proposed company name |
2 |
1 |
0.00 |
| Notarize Articles of Association and related documents |
3 |
1 |
11.03 |
| Apply for trade license at the state or local administrative body; obtain operating permit to run a business |
4 |
7 |
31.08 |
| Open a bank account |
5 |
1 |
15.54 |
| Apply for registration at the County Registry Court |
6 |
5 |
310.81 |
| Register with the tax authorities for income tax and VAT |
7 |
7 |
0.00 |
| Register with pension, sickness & disability insurance and unemployment insurance at the local Social Insurance company (Socialna poistovna) |
8 |
1 |
0.00 |
| Register for health and medical care insurance at any Zdravotna poistovna company that the employees choose |
9 |
1 |
0.00 |
| Totals: |
9 |
25 |
$384.00 |
|
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