General Information

Commercial interest in Slovakia has declined in recent years as large waves of investment, particularly in the automotive sector, have passed. However, there are still opportunities in the services sector in particular.

Corporate taxation is quite high compared to other countries in the zone, the rate varies since 2025 between 10% and 24% depending on taxable income.

Slovakia has European rules. There is no longer any constraint on foreign exchange regulations and dividends are repatriable without restriction.

Means of Payment & Banking Specificities

Cash payment by SWIFT transfer before shipment remains recommended.

Bank cheques or cheques issued by businesses should be avoided. They are not used in Slovakia apart from by foreign banks that issue cheques in currencies payable outside of Slovakia.

The provision of an export credit agency backed financing or, potentially, an irrevocable and confirmed letter of credit may also be considered.

It is possible to confirm documentary credits in Slovakia. Any such commitment will be studied on a case-by-case basis in accordance with the counterparty, the duration of the documentary credit and the willingness to deal with the country’s risk rating.