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Our country is located on the crossroads of main European
highway and railwaytransport corridors as well as the Danube river
transportation system. Bratislava lies directly on the borders
with Austria and Hungary. The 70 km distance between Bratislava
and Vienna gives them a unique status of two of the
closest capitals in Europe.
Slovakia is a fully integrated EU member state
(Eurozone, Schengen Area) and is known across the world
as areliable economic partner proven also by its A+ country credit
ratings (or similar) by international rating agencies.
Among the main benefits of the euro currency
when doing business in Slovakia are — limitation of
foreign exchange risk, lowering of transaction costs, more
predictable conditions for long-term business decisions.
Most of the largest investors and trade partners of
Slovakia have also adopted the euro currency.
More than 93% of students start learning
English already at secondary schools. Slovakia has one
of the highest populations with complete secondary education.
On top of that, our dual education system helps prepare
students with practical training for a succesful entry to the
labour market in line with employers’ requirements.
(source: Eurostat)
Measured as gross domestic product (GDP)
per hours worked, Slovakia’s productivity rate is e.g.
very close to that of South Korea according the latest OECD data.
Moreover, the reasonable labour costs along with very high
productivity levels are key factors why companies choose
Slovakia as their investment destination.
The Slovak Government's goal is to increase
the country's ranking in Doing Business by 30 places
in one year. The reform of investment incentives, discounts
on electricity prices or significant tax advantages to
companies carrying out R&D activities are only
a few examples of measures to increase the attractivity
of Slovakia's business environment.
The World Economic Forum ranks Slovakia
1st in the region (15th in the world) on FDI and
technology transfer. This means that the local workforce
is the quickest in adopting new technologies stemming
from foreign direct investments. Thanks to that
Slovakia is a leader in automation (16th in the world)
by the International Federation of Robotics.
On top of being the most open economy
in the European Union (export of goods to GDP),
our openness can also be highlighted by a variety
of investors from different countries that have decided
to place their projects in Slovakia. In the past two
decades SARIO tracked more than 560 projects.
Slovakia´s national road network ensures
safe and efficient travel. Cross country drive from
Bratislava (capital, located in the West) to Košice (2nd
biggest city, located in the East) lasts only about 4,5 hours.
Many visitors enter Slovakia also via the Vienna airport,
which is only 47 km away from Bratislava.
Slovakia offers incentives for various
investment projects amounting up to 35% of the eligible
costs. Forms of aid include income tax reliefs as well as
direct forms of aid. Further incentives apply to
companies carrying out R&D activities, which can deduct additional
200% of the R&D costs from their tax base.
Feel free to
download our
publication Why SLOVAKIA and
learn more about Slovak investment
& business environment.
We are your one-stop shop for
investment and trade in SLOVAKIA.
We will take your investment plans
from A through Z to success.
We provide in-depth information about Slovak business environment,
industry opportunities, complex information on setting up a business,
site selection assistance as well as real estate consultancy and
complex aftercare services for established investors.
We'd like to hear from you!
You can reach us at invest@sario.sk or follow us
on Instagram, Facebook, LinkedIn or YouTube.
#whyslovakia #investinslovakia
