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30.05.2025 |
Starting from July 1, 2025, a new subsistence minimum will come into effect in Slovakia — it will be set at €284.13. This update will lead to adjustments in immigration requirements, especially regarding the acquisition of a residence permit (residence card) based on business activity.
For example, the minimum personal bank account balance required for applicants will be at least €3,450, while the business account must hold at least €5,700.
In addition, the minimum net profit that must be reflected in the tax return for the previous year will also change from ... |
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23.05.2025 |
A loan agreement in Slovakia is a contract whereby the lender provides the borrower with money or property, which must be returned in the future. To avoid disputes, it is important to clearly understand the rights and obligations of both parties.
The lender is obligated to transfer the loan amount and comply with the terms of the agreement. The borrower must repay the loan amount, pay interest (if stipulated in the agreement), and use the funds as intended (if specified in the document).
The lender has the right to demand repayment within the agreed timeframe and to receive inter... |
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17.05.2025 |
According to the Slovak Labour Code, every employee must have a written employment contract signed before starting work duties. However, in practice, there are situations where an employer hires an employee without officially formalizing the employment. In such cases, the employment relationship is still considered valid, and the employee retains their rights even if no contract was signed.
If an employee starts working without a signed agreement, it constitutes a violation on the part of the employer but does not deprive the employee of their entitled rights:
receiving wag... |
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09.05.2025 |
When renting accommodation in Slovakia, it is important to understand the main rights and obligations of both the tenant and the landlord. Below are key provisions that are commonly included in a rental agreement:
The tenant is responsible for minor repairs, while major repairs are paid for by the landlord.
Utility costs, such as water, electricity, and heating, are usually covered by the tenant, while the property tax is paid by the landlord.
To allow new residents to stay permanently, the tenant must obtain the landlord's permission, except in the case of t... |
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