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Discover in detail the advantages of each EU country.

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Slovakia

Industrial economy, stable job market, and affordable living with improving public services.

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Slovakia

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Corporate Tax Rate 10-24% (2025)

The standard rate for all business profits.

With a competitive corporate tax framework, it offers a stable and attractive fiscal environment designed to support and encourage business growth.

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Economic Sentiment Indicator (ESI) 94,1 (2026)

A snapshot of business and consumer confidence.

The Economic Sentiment Indicator (ESI) measures overall confidence in the economy by combining survey results from consumers and key sectors such as industry, services, retail, construction, and (where available) financial services.

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GDP Growth 0,9% (2025)

Annual real GDP growth rate forecast.

Austria's highly advanced and resilient economy is forecast to grow steadily, driven by innovation in technology and a strong commitment to sustainable industry.

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Labour Cost €18.50/hr (2024)

Average hourly cost of employing a worker.

Labour costs represent an investment in a highly educated, productive, and innovative workforce, contributing to a strong, high-value economy.

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R&D Tax Credit 100% (2025)

Tax relief for research and development activities.

It strongly encourages innovation through generous incentives, including enhanced deductibility of research and development expenses to support technological advancement.

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SNS#1: Fast Startup Creation Score 71% (2025)

Efficiency of starting a business and administrative support.

With a strong focus on supporting entrepreneurs, many countries offer an efficient and streamlined process for launching a new business and entering a dynamic startup ecosystem.

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SNS#6: Access to Finance Score 33% (2025)

Availability of public and private funding for startups.

It provides startups with strong access to a deep and diverse pool of venture capital and other funding opportunities.

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Annual Inflation Rate 4.2% (2025)

Measures the change in consumer prices over time.

With one of the lowest inflation rates, the economy provides strong price stability, ensuring a secure and predictable financial environment.

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Euro Health Consumer Index Score 17th (2026)

Overall measure of national health system performance.

It offers a world-class healthcare system recognized for its excellent access, high quality of care, and strong patient outcomes.

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Global Cost of Living Rank 58th (2026)

Measures relative costs of goods and services.

 This financial strength, paired with top-ranked quality of life and free public transport, creates a highly attractive environment for residents.

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Global Happiness Rank 50th (2024)

Evaluates national wellbeing and overall life satisfaction. 

Ranking among the happiest nations, it demonstrates high levels of life satisfaction driven by economic stability, strong social support systems, and a diverse, multicultural environment.

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Global Peace Index 28th (2025)

Assesses national peacefulness, safety, and security levels.

Renowned for its political stability and low crime rates, it is considered among the most secure countries, offering a safe and peaceful environment for residents and businesses alike.

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Top Personal Income Tax Rate 25% (2025)

Progressive personal income tax rates apply

A top personal income tax rate reflects the upper threshold of individual taxation, indicating the level of contribution required from high earners within the broader fiscal system.

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Working-Age Employment Rate 78.1% (2024)

Percentage of population aged 20-64 that is employed.

With a robust employment rate supported by strong financial and service sectors, the international labour market offers extensive opportunities.

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SNS#8: Digital First Score 71% (2025)

Measures the digital-by-default availability of key public services.

Offering comprehensive online services that enhance efficiency and accessibility for a diverse and international population.

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Entry for EU Citizens

EU/EEA nationals do not need a visa to enter, live, work, or study in Slovakia; just register with the local police within 10 days of arrival.

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Entry for Non-EU Citizens

Non-EU nationals seeking to live, work, study, or do business in Slovakia must apply for a visa or residence permit through official government procedures.

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Embassies and Consulates

Slovakia’s embassies and consulates abroad provide official visa application, residence permit, and consular support services for travelers and non-EU nationals.

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