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Employer of Record Slovakia
Hire staff and expand your business in Slovakia with our fully-managed EOR Service
How we can help
Unrivalled Employer of Record Service in Slovakia designed to expand your business seamlessly
Agility EOR delivers services for business’s looking for an Employer of Record in Slovakia. We help clients hire new employees or transfer existing employees into a fully-managed EOR service.
We appreciate that each situation and business is different. That is why our personal approach to Employer of Record Services in Slovakia takes care of all HR, payroll, recruitment and compliance head aches, and allows you to do what you love best – driving your business forward.
Employer of Record in Slovakia
A Brief Guide to Slovakia
Slovakia, officially known as the Slovak Republic, is a landlocked country in Central Europe. It is bordered by Austria, Czech Republic, Poland, Ukraine, and Hungary. Slovakia is a parliamentary democratic republic with a multi-party system. It joined the European Union (EU) and NATO in 2004, and it adopted the Euro as its official currency in 2009.
Category | Information |
Location | Central Europe |
Capital | Bratislava |
Official Language | Slovak |
Area | 49,035 square kilometers |
Population | Approximately 5.4 million |
Currency | Euro (EUR) |
Major Cities | Bratislava, Košice, Prešov, Žilina, Nitra |
Business Culture
Business Culture in Slovakia
Business culture in Slovakia is formal and conservative. Punctuality is very important, and meetings should be scheduled well in advance. The decision-making process can be slow, as Slovaks prefer to thoroughly examine all aspects before making a decision. Business cards are exchanged at the first meeting, and it is customary to use titles when addressing business partners.
Payroll and Taxes
Payroll and Taxes in Slovakia
In Slovakia, it’s up to the employer’s discretion whether to provide the 13th and 14th month bonuses; they’re not obligatory. If these bonuses, which must not be less than the employee’s average monthly salary, are granted, they are exempt from taxes and social insurance contributions. However, the tax-free portion is capped at EUR 500.
Employee Taxation
In Slovakia, income tax rates are progressive, with higher income levels subject to higher tax rates.
Gross Annual Income | Tax Rate (%) |
Up to €38,553 | 19% |
Over €38,553 | 25% |
Employer Taxation
- In addition to a Daily working meal voucher of circa EUR 62, and EUR 50, employers are required to pay:
Fund Type | Percentage |
Health Insurance | 10% |
Social Insurance | 25.2% |
Pension and Healthcare
Slovakia Pensions
Slovakia has a mandatory pension system, which consists of a pay-as-you-go system and a funded system. The contribution rates, as a percentage of an employee’s gross salary, are as follows:
- Employees: 7%
- Employers: 21.75% which is included in the social security contributions
Healthcare in Slovakia
Slovakia has a universal healthcare system, which provides a wide range of healthcare services, including preventative care, inpatient and outpatient services, emergency care, maternity care, and prescription medications. Healthcare is funded through social health insurance contributions made by employers and employees.
The system’s funding structure, which combines social health insurance contributions, government subsidies, and general tax revenues, helps maintain its stability and sustainability.
Employment Law
Employment Law in Slovakia
Relevant Legislation: Slovak employment law is governed by the Labor Code, which provides protections and rights for employees.
Employment Contracts: Slovakian employment contracts should be in writing and include essential information such as duration of employment, working hours, salary, and termination notice periods.
Working Hours: The standard maximum working time in Slovakia is 40 hours per week. Overtime work is allowed up to 150 hours per year, with additional compensation.
Leave: Employees in Slovakia are entitled to a minimum of 20 days of paid annual leave. Additional leave is provided for employees working in hazardous conditions, and employees with at least one child are entitled to a minimum of 25 days of paid annual leave.
Overtime: Overtime work is compensated at a premium rate, which is at least 25% of the employee’s average earnings.
Termination: Termination of employment contracts in Slovakia must be in writing and can occur for several reasons, such as mutual agreement, expiry of a fixed-term contract, and dismissal for cause.
Notice: Both employers and employees are required to give notice before terminating an employment contract. The notice period varies depending on the length of employment, ranging from one month for less than one year of service to three months for more than five years of service.
Severance Pay: In Slovakia, employees may be entitled to severance pay in the event of redundancy, depending on their length of service. The amount of severance pay can range from one to five times the employee’s average monthly earnings.
IMMIGRATION
Work Permits in Slovakia
The immigration process in Slovakia is regulated by the Bureau of Border and Alien Police. Foreign nationals from non-EU/EEA countries who wish to work in Slovakia generally need to obtain a work permit and a residence permit.
There are several types of work permits in Slovakia, including:
- General Employment Permit: This is the most common type of work permit. It is issued for a specific job with a specific employer for a maximum duration of two years.
- Intra-Corporate Transfer Permit: This permit is for foreign nationals who are transferred to Slovakia by their employer to work in a branch or subsidiary of the same company.
- Blue Card: This is a special work and residence permit for highly skilled non-EU/EEA nationals.
EU/EEA citizens do not need a work permit to work in Slovakia. However, if they plan to stay in Slovakia for more than 90 days, they must register with the local Foreign Police Department.
Public Holidays
Slovakia Public Holidays
Holiday Name | Date |
New Year’s Day | 1st January |
Day of the Establishment of the Slovak Republic | 1st January |
Epiphany | 6th January |
Good Friday | Varies |
Easter Monday | Varies |
Labour Day | 1st May |
Victory over Fascism Day | 8th May |
St. Cyril and St. Methodius Day | 5th July |
Slovak National Uprising Day | 29th August |
Constitution Day | 1st September |
Day of the Virgin Mary of the Seven Sorrows | 15th September |
All Saints’ Day | 1st November |
Freedom and Democracy Day | 17th November |
Christmas Eve | 24th December |
Christmas Day | 25th December |
St. Stephen’s Day | 26th December |
Wondering if expanding
in Slovakia is right for you?
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The Benefits
Slovakia Employer of Record Benefits
When you choose Agility EOR to expand in Slovakia, we guarantee an Employer of Record Service tailored to the needs of your business
Compliance
We are on top of regulatory changes in Slovakia so you can relax.
Cost reduction
Allow our economies of scale to work in your favour.
High Service Levels
You and your employees have a dedicated account manager.
Fixed Cost Pricing
We will agree our professional fees up front based on your needs - no nasty surprises!
Consolidated Invoicing & Payments
Make one monthly payment to cover all your tax, social and wages costs from one to one thousand employees.
Fast delivery
You can have 'boots on the ground' within days on our infrastructure.
Reduced Risk
All wage taxes are remitted in full to the Slovakian authorities by professionals ensuring liabilities are met, giving you peace of mind.
Supply Chain Transparency
We only pay employees through local full employed solutions meaning Slovakian payroll tax is paid on all funds.
Save Time and Money
Our expertise is at your disposal. The need for you to have internal HR, Payroll and admin staff is eliminated.