Do you know what one of the biggest enemies of an entrepreneur is? No, it’s not a tax audit, but surprisingly, it’s procrastination! At times when you should be most productive, it often happens that you do everything except what you really need to. There has never been a more important time to sort through…
VIES, which stands for Value Added Tax Information Exchange System, is an important tool for businesses operating within the European Union (EU). It is an IT system that allows verification of VAT payers registered as traders within the EU. Its goal is to ensure transparency and proper identification of traders across the EU. What does…
Embarking on the journey of establishing a firm in Slovakia requires meticulous planning and adherence to legal procedures. With its strategic location in the heart of Europe and a favorable business environment, Slovakia presents numerous opportunities for entrepreneurs. Here’s a step-by-step guide to help you navigate through the process of opening a Slovak firm. Choose…
An invoice is a vital document in the business world, serving to document the sale of goods or services provided between commercial entities. A properly drafted invoice ensures transparency and reliability in business transactions. Here’s a basic overview of what an invoice should contain: Information about the seller and buyer: Seller’s name and address: Details…
Are you looking to start a firm in Slovakia? Excellent! Slovakia is very attractive for entrepreneurs and investors due to its favorable legal and tax system, ample human resources, and membership in the European Union. Now, let’s get to the practical steps of starting a firm: Choose a suitable legal type of firm. Decide whether…
Slovakia in the heart of Europe is a promising environment for entrepreneurs interested in setting up a transport company. With its strategic location, well-developed infrastructure and growing economy, Slovakia offers a wide range of opportunities in the transport sector. Market research: Conduct thorough market research to identify demand and competition in the transport industry in…
The Tax Reliability Index is a rating of tax entities according to their compliance with their obligations to various authorities or partners. The Tax Reliability Index is not new in Slovakia, but it has not been sufficiently elaborated so far. What is the Tax Reliability Index? The Tax Reliability Index is an independent tool for…
Every one of us occasionally needs to spend some time dealing with various matters at the office. Whether it is a change in the company, trade or various matters at the foreign police. Some do not have enough time to wait at the offices. And some don’t know the language or don’t have enough knowledge…
Online business is the presence and the future of the economy. Today, anyone who has access to the Internet, and a business idea that works through this means of communication and a computer can start their own online business. The Covid-19 pandemic has a positive effect on online business because it has boosted its growth…
Did you know that main import partners of Slovakia are Germany, China and Russia? During last decades the Slovak import and export of certain commodities have territorially changed. In 2019 Slovakia was ranked as 60 economy in the world in terms of GDP. Slovakia has the number 38 in total exports, the number 48 economy…