Download Doing Business with Slovakia by Jonathan Reuvid PDF

By Jonathan Reuvid

* Covers company perform and buying and selling possibilities in Slovakia.

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5. 2 per cent of overall capital investment was directed to the Bratislava region. 6 billion. 7 per cent is spread rather evenly among the remaining six regions. The US Steel involvement extends beyond its commercial interest in the Kosice Steel Works. 0 Bratislava Source: National Bank of Slovakia Foreign Direct Investment 21 Steel has assumed a key investment agency role in stimulating investment generally in Eastern Slovakia. Investment incentives Generous income tax incentives are provided by the Slovak Republic for foreign and local investors as tax credits against their corporate income tax liabilities.

The customs authorities will specify the period within which the processed products must be imported back from abroad. If the purpose of the outward processing is the repair of goods, and the repair must be paid for, these goods, at the time of re-import, will be only partially exempt from import payments. The basis of assessment will be the costs of the repair carried out. Simple exchange A simple exchange allows for the product sent for repair to be replaced by an imported substitute product.

3. The fixed assets are acquired and the proposed activities started within three years of the date of approval of the application. Other incentives The import of machinery and equipment included in the OECD list of items with harmonized customs code numbers HS 84 and HS 85 (high technologies) attract no import duty, provided that the equipment is new and has not been depreciated in another country. This incentive applies to enterprises whose registered capital is foreign invested and were established after 1 September 1999 for the manufacture of goods or provision of services, but excludes banking and insurance services, commercial services and brokerage.

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