What makes Slovakia attractive investment destination for companies relocating and developing their global business? Why should a company or you choose Slovakia for investment? There are more reasons and we give you some of them:
Stability in the financial sector
- Good geographic position
- Qualified labour force, skilfull workers who speak English and more languages
- Member of the European Union, NATO, OECD, European Monetary Union, Schengen Convention
- One of the highest GDP growth within the European Monetary Union
- Best rating among V4 countries of Poland, Czech Republic, and Hungary
- Simple and fair taxation system (19% flat tax rate, 20% VAT, 22% corporate tax, 0% dividend tax, 100% repatriation of profits, no Inheritance and Gift Tax, no Real Estate Transfer Tax)
- Flexible, more motivating and more business friendly Labor Code
- High-level language skills
- Strong IT potential
- Industrial tradition
- Highway and road network growing steadily, Trans-European water transportation via the Danube River
According to the OECD research, Slovak GDP has surpassed the pre-crisis peak by more than any other European country that had a recession in the wake of global financial crisis. High productivity gains combined with wage moderation helped to restore competitiveness by bringing back the real exchange rate to the pre – crisis level.
From 2008 to 2013 Slovakia was among five OECD countries that made the greatest progress in reducing overall regulatory restrictiveness, in particular regarding the removal of barriers to entrepreneurship. Slovak authorities created a single internet contact point to handle all notifications and licenses.You can find more information about economy of Slovakia at www. nbs.sk. If you are interested to know what are the banks in Slovakia, these are some of them:
- Všeobecná úverová banka, a.s. ( Intesa Sao Paolo)
- UniCredit bank, a.s.
- Slovenská Sporiteľňa, a.s. (Erste group)
- OTP bank, a.s.
- Tatra banka a.s.
- Reiffeisen BANK
- Sberbank Slovensko a.s
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