Slovak Republic
A large share of the Slovak Republic’s FDI directly depends on the Eurozone, and the country is heavily dependent on the economic health of its neighbours (especially Germany and France), as well as being sensitive to regional tensions. Its main investors are the Netherlands, Czech Republic, Austria, and Germany, who invest in manufacturing and industrial production, financial / insurance, and wholesale / retail. It is one of the most export-oriented and open economies in the EU.
The Republic is an attractive FDI destination thanks to a skilled, relatively low-cost, labour force, its location in the heart of Central Europe, and low corporate tax rate. The overall outlook for public and private investment is encouraging, though recent increases in corporate taxes, changes to the Labour Code, and slow dispute resolution are factors that can undermine attractiveness.
In addition, energy costs are high; the country imports 90% of its energy. The infrastructure needs work, and there is a shortage of qualified labour. And ensuring tax compliance will take about 200 hours per year. All of which contribute to the Slovak Republic’s Ease of Doing Business ranking of 48/190.
AUXADI can become your ideal investment partner in the Slovak Republic. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.
Slovak Republic
A large share of the Slovak Republic’s FDI directly depends on the Eurozone, and the country is heavily dependent on the economic health of its neighbours (especially Germany and France), as well as being sensitive to regional tensions. Its main investors are the Netherlands, Czech Republic, Austria, and Germany, who invest in manufacturing and industrial production, financial / insurance, and wholesale / retail. It is one of the most export-oriented and open economies in the EU.
The Republic is an attractive FDI destination thanks to a skilled, relatively low-cost, labour force, its location in the heart of Central Europe, and low corporate tax rate. The overall outlook for public and private investment is encouraging, though recent increases in corporate taxes, changes to the Labour Code, and slow dispute resolution are factors that can undermine attractiveness.
In addition, energy costs are high; the country imports 90% of its energy. The infrastructure needs work, and there is a shortage of qualified labour. And ensuring tax compliance will take about 200 hours per year. All of which contribute to the Slovak Republic’s Ease of Doing Business ranking of 48/190.
AUXADI can become your ideal investment partner in the Slovak Republic. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services
Accounting
We provide corporate accounting administration for global corporations and investments with our unique MultiCountry IT platform.
Tax
We can help sort your international taxes. Our expert tax teams know all the details and will ensure you remain tax compliant.
Payroll
Our international payroll services remove the complexity but keep the confidentiality, using our unique IT system.
Cash management
Cash management is essential for every business – but monitoring and managing your cash flows can be time-consuming. Auxadi can help.
Consolidation and reporting
Our unique MultiCountry IT platform gathers the data from all your international entities, making consolidation and reporting stress-free.
Transfer pricing
We’re on hand to help with your transfer pricing – rely on our local knowledge and expertise.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us. You can see all our materials here.
