Slovakia supports investments

In order to fight the economic crisis Slovakia offers a number of incentives designed to make investments more attractive. The minimum amount for investments for obtaining subsidies has been reduced for the time April 1st 2009 to Dec. 31st 2010.

In Slovakia, a low-tax country with a flat tax rate of only 19 per cent, investors are offered a number of incentives based on EU-subsidies and national as well as regional budget means. The various subsidies consist of investment grants, tax benefits, preferential use of public properties as well as subsidies for providing new jobs.

Investment promotions mainly concentrate on the following branches: producing industry, science parks, centres for strategic services (shared-service-centres) and projects for tourism. The minimum amount for investments is e.g. for industrial plants between € 3,32  and € 13,27 million and for projects for tourism € 3,32 to € 9,6 million, always depending on the regional level of development.

Due to differing levels of economic development investments in Eastern and Central Slovakia are supported with a maximum of 50 per cent. 40 per cent are granted for investments in Western Slovakia. Investments in certain economically well-developed areas, such as e.g. Bratislava and Senec, are only supported with a maximum of 10 per cent. Higher subsidies are provided for small and medium sized enterprises. Large investments of more than € 50 million are subject to individual approval.