How long does it take to set up a small trade in Slovakia?
Setting up a trade usually takes two working days from the receipt of the signed documents and criminal records. If you are not a EU member state resident, you have to proceed with obtaining a residency permit in Slovakia for business purposes and your trade licence will be effective as of the date of residency permit is granted to you.
Do you also ensure registration with the Tax Office and the health insurance?
As part of setting up a small trade, we will also submit an application for income tax registration and assign a tax ID number and report the establishment of a business to the health insurance company. The Tax Office will assign a tax number (DIČ) and deliver it to you within 30 days from the submission of the application.
When can I open a business bank account and what will I need?
If you are an EU member state resident you can open a bank account after the certificate of trade licence has been issued. The opening usually requires your personal presence in the bank, presentation of a certificate of trade licence in a paper form and a valid identity document. If you are not an EU member state resident, you will be able to open a business bank account only after you are granted with residency permission in Slovakia.
Do I have to do any other things after setting up a trade?
Since we will take care of the Tax Office and the Health insurance for you, no other actions are mandatory if you are EU member state resident. However, after the certificate of trade licence is issued, we recommend opening a business bank account, and if you plan to receive payments in cash, it is usually necessary (depending on the type of your business activity) to apply for a virtual cash register or purchase an ORP with a connection to the eKasa financial management portal. If you are a non-EU member state resident, there is a mandatory second step after the certificate of trade licence is issued – applying for residency permission in Slovakia.
Do I need to have an ID card with a chip / eID?
No, an ID card with a chip / eID is not required.
Can a person who is not a citizen of the Slovak Republic also set up a trade?
Of course, but it is necessary to submit a criminal records no older than 3 months (official translation into Slovak and in some cases also apostille is required). If you have a residency permission in Slovakia for at least 6 months, you can submit a Slovak criminal record.
Can a person without residence in Slovakia also set up a trade?
Of course. However, if he is not a citizen of the Slovak Republic at the same time, it is necessary to submit an extract from the criminal record of the country where this person resides. Such an extract must be officially translated into the Slovak language and in some cases must be treated with an apostille clause.
What do I have to meet to set up a trade?
Reaching an age of 18 years, capacity to take legal actions and also good moral character from the view of the criminal records. In addition, the appointment of a responsible representative, who will have the prescribed professional competence, is required for the performance of vocational and regulated trades. Vocational trades, their description and the required secondary vocational education are listed in the list of vocational trades. Regulated trades, their description and required professional competence are listed in the list of regulated trades.
Can a self-employed person employ other persons?
