Close by, and still another country

For a Czech company, Slovakia is the easiest first step across the border. The language, the legal culture and business customs are all familiar — but one thing is different: the currency is the euro. That removes exchange-rate risk against the main trading partner and opens up euro lending, which is usually cheaper than borrowing in koruna.

For many clients Slovakia is also a sensible place to hold part of their assets, particularly farmland, where prices remain below Czech levels.

What Slovakia offers

• The euro, with no exchange-rate risk, and cheaper lending.
• Farmland at lower prices than in Czechia.
• Membership of the EU, the eurozone and Schengen.
• Linguistic and cultural closeness — expansion without a translator.

What to watch

Tax and social contributions have been reworked several times in recent years, so it pays to check where things stand before deciding rather than after. The market is roughly half the size of the Czech one, so expanding here makes sense as an extension of sales rather than as the main pillar.

We help with setting up the company, with the books and with buying property or land.