Foreign individuals (aliens) can conduct business in Slovakia through:
- Business of a Foreign Person – if the foreign person is not a entrepreneur at their place of permanent residence or if they are an entrepreneur at their place of permanent residence but wish to conduct business in a different business sector in Slovakia.
- Branch of a Foreign Person – if the foreign person is an entrepreneur in the same business sector at their place of permanent residence and plans to conduct business in Slovakia in the same business sector.
Follow these steps before applying for a business permit:
- Define the scope of business activities.
- Determine the location of the business/activity and operations.
- Choose a trade name.
- Address other relevant business-related matters.
1. Define the Scope of Business Activities:
- Identify the conditions required for obtaining a specific type of trade (trade: free craft and restricted).
- The list is published on the website of the Ministry of Interior of the Slovak Republic – business trade.
2. Determine the Location of Business/Activity and Operations:
- Business Location: The address of permanent residence or another address (for a natural person with permanent residence in the territory of the Slovak Republic).
- Activity Location: The address of the business activity of a foreign person’s business or the activity location of the organizational unit of a foreign person’s business in the territory of the Slovak Republic (for a foreign natural person with permanent residence outside the territory of the Slovak Republic).
- Establishment: A space where the activity will be carried out. An establishment is established if the subject of the trade requires it (e.g., a hairdressing salon).
3. Choose a Trade Name:
- The trade name must not be interchangeable with the trade name of another entrepreneur or create a misleading impression about the entrepreneur or the nature of their business. Generally, it includes the name and surname, to which an appendix can be added to distinguish their person or type of business.
4. Address Other Relevant Business-Related Matters:
- Number of employees who will conduct the business activity.
- Start date and duration of the business activity.
- Demand for services or goods (market research).
- Competition in the area.
- Method of operation.
- Financial plan.
- Potential risks.