Residence permit on the basis of an individual entrepreneur or a company in Slovakia

The leader in terms of loyalty for business emigration among all countries of the European is Slovakia. There is both a developed agriculture and offices of world IT companies. With a small population (about five and a half million people) and a high level of economic growth, the state has a positive attitude towards business migrants in order to attract investment. Persons engaged in commerce in the territory of the Slovak Republic, before registering as an individual entrepreneur or establishing a company, receive a residence permit that opens up new business prospects.

Consider the main advantages of starting a business in Slovakia. The person gets the opportunity:

get a residence permit in the EU at an affordable price in just ninety days;
engage in business or officially find a job in any EU country;
low tax rate (individual entrepreneur - 19%, company - 21%);
trade with other EU countries without customs restrictions;
easy and safe to do business;
arrange a mortgage for thirty years at 4% per annum;
receive loans in the EU with minimum rates;
reunite with the family immediately with the issuance of a temporary residence permit;
secure the future of your family;
receive education in the EU for children and free choice of their place of residence in the future;
enjoy legal and social protection;
minimum income requirements for renewing a residence permit;
apply for permanent residence in five years;
obtain Slovak citizenship in ten years.

Register as an individual entrepreneur or start a company?

The choice of ownership affects both start-up costs and operations in general. Let's characterize both options.
IP:

One personal account should have at least 5,5 thousand €, on the other - from 3,5 thousand.
To extend the residence permit, you must stay in the country for at least six months within 365 days, submit a tax report and pay taxes. The profit must be at least €5,000.
The personal income tax is 15%, the medical insurance fee is 80 € per month.
Tax bonuses - 350 € annually for each child.
Money can be withdrawn and deposited without restrictions.
You can hire any number of employees.
An individual entrepreneur vouches for the business with all his property.
On the basis of IP, you can get a residence permit for your family.
IP cannot be sold.
Suitable for small businesses and hired personnel who have concluded a service agreement with the employer.

Firm:

The company account should have at least 24 thousand €, on a personal account - from 3,5 thousand €.
To extend the residence permit, it is necessary to pay taxes in the amount of 3.5 thousand for the reporting year. On a personal account should be from 2600 €.
Income tax - 21%, with the withdrawal of dividends - 10%. If there is no hired personnel, then there are no contributions to social needs and to the pension fund.
There are no tax bonuses.
The director of the company does not have the right to state insurance, but he must take out commercial health insurance, the price of which is determined by the state of health.
You can withdraw funds through dividends or business expenses, which must be documented.
Up to fifty directors are allowed in one company.
Any number of employees.
The firm is limited by its assets and share capital.
On the basis of the company, it is possible to obtain a residence permit for both relatives and co-owners who are not family members.
The company can be sold.
Suitable for any enterprise with a large turnover.

After choosing the appropriate status of doing business, you need to figure out what documents are needed to apply for a residence permit on the basis of an individual entrepreneur or company:

application for a residence permit in the Slovak Republic (mandatory in Slovak);
biometric passport (for states with a visa regime, the passport must have open D visas);
certificate of non-conviction with an apostille, translated by a court interpreter of the SR, from the country of citizenship and from the states where you have been for the last 3 years for more than ninety days within six months;
statements from banking institutions on the availability of funds;
registration in Slovakia;
IP certificate or statutory documentation of the enterprise;
Two color photographs 3x3.5 cm.

Please note that when applying for a residence permit, they must be no older than three months. All documents received abroad must be apostilled and translated into the state language of Slovakia by a sworn translator.

It is not easy to collect such a number of documents on your own, there is a risk of making a mistake, because of which the application will be rejected and it will be necessary to form a package of papers again. Preparing documents can be costly both in time and money. The procedure for obtaining a residence permit has many subtleties, so we offer you to save your strength, time and money by simply ordering this service from us. Our organization occupies a leading position among the support companies in obtaining a residence permit in the Slovak Republic on the basis of an individual entrepreneur or a company.

What do foreigners with a residence permit need to get a mortgage in Slovakia?

Conditions for obtaining a mortgage:

The owner of the company must provide the profit of the enterprise for the past year.
If you have been doing business as an PE for a year and paid taxes.
If you work officially, have an employment contract for an indefinite period, and at least 90 days have passed since the start of employment.
The duration of your residence permit is more than six months.
Your net income must meet the requirements of the bank.

Residence permit based on entrepreneurship

Register as an individual entrepreneur or start a company?