Free Online Calculators for Expats in Slovakia

With our start helping expats with relocation, taxes and general living in the Czech Republic, Pexpats is now in Slovakia. Bratislava, to be exact! And we bring with us free online tools and calculators to make life easier on expats, employees, and freelancers alike. Use our tools to compare employment options, better understand taxes, calculate mortgage repayments, find out about maternity leave and more.

To apply for a trade license in Slovakia, you must notify the Trade Licensing Office responsible for your region of permanent residence. If you do not have permanent residence, you will need to contact the office for the region where you intend to conduct your business. In either case, you will also need a type of residence suitable for your business, and will need to submit:

• The Trade License application form.

• A criminal record extract from your home country.

• A registered business address where you are legally able to conduct work.

• A document proving your qualifications, or the qualification of your Authorized Representative

• The relevant administrative fees (5 EUR for unregulated trades; 15 EUR for regulated or craft trades)

The annual turnover limit in 2023 for mandatory VAT registration is EUR 49 790. The length of a turnover period consists of the last 12 consecutive calendar months. Further, regardless of turnover, foreign entities in Slovakia must register for VAT if they have intentions to supply goods or sell services in the country. The same is true when buying goods from EU countries outside of the Slovak Republic. Note: This excludes transactions within the country between Slovak businesses. Renting real estate is also an exception if within the country to a Slovak business.

You might consider registering for VAT even when not required by law in some financial situations. For example, you might buy products or services from VAT payers more than you sell to them. Here, you can technically lower the prices of your goods for the consumer by registering as a VAT payer. In this way, the buyer can claim VAT back on purchases, effectively lowering their costs. Another advantage could be when buying goods at a standard VAT rate, but selling at reduced VAT rates. You might also want to register for VAT in order to purchase a valuable asset which you will later claim VAT on.

The mortgage calculator allows you to compare mortgage loans, loan terms, and repayment options. Simply fill in home value, down payment, loan amount, and interest rate to calculate both monthly installments and annual repayment.