The Slovak Republic, also known as Slovakia, is strategically situated in the centre of Europe surrounded by five countries: the Czech Republic to the northwest, Poland to the north, the Ukraine to the east, Hungary to the south and Austria to the west. The Slovak Republic was formed in 1993 with a land mass of 49,037 km2, when Czechoslovakia separated into two sovereign states. Slovakia joined the European Union in 2004 and adopted the Euro as its currency on January 1st, 2009.
The population of the Slovak Republic is 5,483,088 million inhabitants (July 2012), with the capital Bratislava being the largest city with 425,533 inhabitants, followed by Kosice with approximately 235,281 inhabitants, Presov with 92,147 inhabitants, Nitra with 86,138 inhabitants, Zilina with 85,278 inhabitants and Banska Bystrica with 81,961 inhabitants. There is a growing volume of movement of people in the Slovak Republic, both from internal migration between regions and immigration from abroad.
The Slovak Republic had to implement many structural reforms before they could join the European Union and start using the Euro as currency, which was beneficial to the overall growth of the economy. The Slovak government has maintained a series of incentives to attract foreign direct investment (FDI) to help maintain the upward trajectory of the economy since joining the EU.
The Slovak Republic also enjoys a well educated, skilled and cheap labour force, a flat rate of taxation for corporations and individuals, no dividends taxes, liberal labour laws and a favourable geographical location, compared to Western Europe. This has helped to increase foreign direct investment by about 600% in the last 10 years.
It is you own responsibility as a foreign freelancer working in Slovakia to get to know the Slovakian law for employment and taxes when working in Slovakia. Freelancer Worldwide A/S does only act as a broker and are not responsible for any claims from the Slovakian authorities what so ever. Freelancer Worldwide A/S does only make it possible for you to have a working relationship with a Slovakian employing company. We will however give you direct access to various recommended information when working in Slovakia. As a general rule we will however advise you to get some help from a Slovakian accounting firm or person who can help you to make sure your working stay in Slovakia becomes a succesfull experience.