Slovakia has a population of more than 5 million people, with agriculture, mining, and services industries crucial to the economy. There are many types of companies that can be set up in Slovakia including general and limited partnerships, limited liability and joint stock companies, and cooperatives. The corporate income tax rate is 21%, and the tax year is flexible based on company requirements.

Labor and Payroll Considerations:

  • Employment contracts must be written
  • Minimum wage is €580 per month
  • Income tax and social security contributions are withheld from employee pay
  • Employers must contribute to social security
  • New employees should be registered to the healthcare and social security authorities
  • Foreign workers who are not EEA or Switzerland nationals must apply for a work and temporary residence permit prior to entry into Slovakia

To get started in Slovakia, or to simplify current operations, Blue Marble has created cloud-based technology with aggregated customized reporting. You can view payroll in real-time across all countries and currencies to manage costs and compliance. Our hybrid service model gives you a dedicated US-based service team, and direct access to in-country experts when questions come up. Let Blue Marble simplify your payroll in Slovakia with technology and service. Click here to learn more