Starting a Business in Slovakia to Become More Expensive from August

Entrepreneurs looking to register a new company in Slovakia should act quickly, as the cost of incorporation is set to rise from August. Registration fees will increase, and the process will come with a greater administrative burden. The changes mean that setting up a limited liability company or other business entities will require more paperwork and higher upfront costs than are currently required. Business owners and prospective entrepreneurs are being advised to complete company registrations before the new rules take effect to avoid the additional expense.