Business Types – Business entities in Slovakia

Entities of business law under the Business Code Act are entrepreneurs, the state and its bodies, local territory entities and other subjects. This Code recognizes these types of business corporations.

Slovak Republic

Capital: Bratislava                       HDI: 0.83 (37th)

Language: Slovak

GDP (PPP): $152.6 billion

Population: ~ 5.4 million     Currency: Euro


Slovakia is a relatively new country, born out of the collapse of the Soviet Union and the breaking up of Czechoslovakia. Because of its excellent economic growth in the 21st century, the country gained the nickname the Tatra Tiger; the economy is one of the fastest growing in the EU. Recently the government has gone about increasing the funding for innovation and R&D, trying to push Slovakia in the direction of a knowledge economy. The country has the most foreign direct investment of the region due to its, tax scheme, high skilled labor, and low costs of living and working.





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