Slovak Republic

Ease of Doing Business in

Slovak Republic

This page summarizes Doing Business 2013 data for the Slovak Republic. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region OECD high income
Income Category High income
Population 5,440,000
GNI Per Capita (US$) 16,070
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
46 46 0

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
70.5 69.6 down 0.9
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 83 78 up -5
Dealing with Construction Permits 46 48 up 2
Getting Electricity 100 101 up 1
Registering Property 8 8 No change
Getting Credit 23 23 No change
Protecting Investors 117 114 up -3
Paying Taxes 100 126 up 26
Trading Across Borders 98 100 up 2
Enforcing Contracts 69 70 up 1
Resolving Insolvency 38 36 up -2

Economy Profile

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Doing Business law library Law Library

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Additional Topic

Additional Data

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 83 DB 2012 Rank 78 Change in Rank down-5
DB 2013 DTF** (% points) 86.7 DB 2012 DTF** (% points) 86.3 Improvement in DTF** (% points) up0.4
Indicator Slovak Republic OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
6 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
16 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
1.8 -- 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
21.3 -- 13.3
No. Procedure Time to Complete Associated Costs
1 Check the uniqueness of the proposed company name 1 day EUR 3 for research in the Commercial Register
2 Notarize articles of association and related documents 1 day EUR 1,99 (excluding VAT) for notary signature
3 Apply at the One stop shop for trade licenses, income tax registration and health insurance company 5 calendar days The hardcopy application for a standard trade license is EUR 5 and for a regulated or craft trade license EUR 15. The electronic application for a standard trade license signed with a secure electronic signature is free of charge effective as of January 1, 2012. The fee for electronic application for a regulated or craft trade license signed with a secure electronic signature is reduced to 1/2 of the standard fee, i.e. EUR 7.50.
4 Open a bank account 1 day EUR 16,5
5 Apply for registration at the District Court 7 days EUR 165,75 if the application is submitted electronically, EUR 331,5 for the hardcopy
6 Register with pension, sickness, and disability insurance and unemployment insurance at the local social insurance company (Socialna poistovna) 1 day no charge

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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