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Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.
FINANCIAL MONITORING IN SLOVAKIA
What exactly does the law provide for financial monitoring:
- Identification of the client in the case of a financial transaction in the amount of at least 1,000 euros;
- basic control when carrying out a financial transaction in the amount of more than 15,000 euros, while it does not matter whether this transaction is carried out once or as several interconnected ones;
- detection of suspicious transactions and notification of a special financial state body.
Bank lawyer in Slovakia is one of our main job profiles.
Our bank lawyer will advise you on the following issues:
- How much money can be deposited in a bank in Slovakia?
- What to do when the bank requested documents about the origin of the cats?
- What documents confirm the origin of funds?
- Where to get documents confirming the origin of funds?
- What to do if there are not enough documents about the origin of the funds?
- How to withdraw (return) blocked funds in the Slovak bank?
- How to close a bank account?
- How to legally bypass financial monitoring in Slovakia?
- What to do if there is no source of funds?
- How to pass finmon in a Slovak bank?
Financial monitoring in Slovakia is regulated by Law No. 297/2008.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Slovakia?
3 question
Do you have funds in cash in Ukraine?
4 question
Do you have funds in cash in Slovakia?
5 question
Do you have funds in bank accounts in Ukraine?
6 question
Do you have funds in bank accounts in Slovakia?
7 question
Do you have documents that confirm the origin of the funds?
8 question
Is the investment amount more than 500,000 euros?
9 question
Do you need a consultation urgently?
How long does company registration take?
Registration as a sole proprietor (živnosť) usually takes up to 4 business days. Registration of a full limited liability company (s.r.o.) takes 7–10 days from the date all required powers of attorney are signed.
Can I open a company remotely without travelling to Slovakia?
Yes, the registration of a company or sole proprietorship can be completed entirely remotely on the basis of a notarised power of attorney. However, your personal visit will be required to submit biometric data for a residence permit to the immigration police, as well as for final identification at certain Slovak banks.
What taxes will I pay as a small business?
In 2026, legal entities with annual income of up to EUR 100,000 are subject to a reduced corporate income tax rate of 10%. If you operate as a sole proprietor, the system allows the deduction of so-called “flat-rate expenses” (a fixed percentage of expenses without supporting documents), which makes the tax burden minimal.
When is a company required to register for VAT?
Mandatory VAT registration arises if your company’s turnover in Slovakia over the last 12 months exceeds the threshold of EUR 50,000. It is also possible to register for VAT voluntarily at the launch stage if this is necessary for working with your European counterparties.
You may also need:
Company Registration in Austria
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