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Temporary Residence for Business - Company Executive

SlovakiaStarting a business

Explore the five recorded questions, answers and sources for this pathway.

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Is this for a founder, startup entrepreneur, self-employed person, freelancer, company owner or another business profile?

This route is for a third-country national who is acting, or will act, on behalf of a Slovak trading company or cooperative as an executive/officer, without being in an employment relationship with it.

See recorded sources
  • Act 404/2011, Article 22(1)(b)
    is acting or will be acting on behalf of a trading company or cooperative and he/she is not in an employment relationship.

What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?

The business purpose is demonstrated by a business plan in the prescribed form, a business plan for an innovative project, or a document confirming authorisation to do business; this purpose document is not required for a person registered in the business, trades or similar register as authorised to act on behalf of a business company or cooperative.

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What investment, capital, income, revenue, funding or viability evidence is central to this pathway?

Financial resources for business are proven by the balance on a business bank account, separate from the personal subsistence account (last three months' statement for a foreign bank), of one hundred times the subsistence minimum for a company executive, or forty times if an innovative-project business plan was submitted. On renewal, the company or cooperative must show income after tax for the previous fiscal period of at least sixty times the subsistence minimum.

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What business/self-employed activity may the holder conduct? Are there important restrictions? What is the family position where clearly stated?

The permit lets the holder act for the named trading company or cooperative; the Act does not itself state family-accompaniment terms for this specific sub-route.

See recorded sources
Limits of the record
  • The Act text captured here does not state family-accompaniment terms specific to this business sub-route.
  • Act 404/2011, Article 22(1)(b)
    is acting or will be acting on behalf of a trading company or cooperative and he/she is not in an employment relationship.

What approval/application sequence applies, how long is the status granted, how is it renewed, and what longer-term residence direction is officially stated?

The application for business residence cannot be submitted at the Foreign Police Department except when changing purpose. It is granted for the assumed period of business, maximum three years; it may be renewed, even repeatedly, if the purpose persists and conditions continue to be met, for a maximum of three years if the assumed residence lasts at least three years. Long-term residence is granted after at least 5 years of uninterrupted legal residence in Slovakia.

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These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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