Slovakia
SLOVAKIA

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.

5.5 MILLION

total population in 2021

107 BILLION USD

expected GDP in 2023

Slovakia (Slovak Republic) is one of the 20 most investor-friendly countries in the world. Since they’ve ended communism and embraced an open market economy, the Slovakian government championed business stabilization and structural reform. Its main cities like Bratislava, Koice, Preov, Ilina, and Nitra are growing rapidly with international investments. The country is the leader of economic progress in Central Europe, with GDP is projected to trend around 107 USD Billion in 2022.

PUBLIC HOLIDAYS:15

  • Day of the Establishment of the Slovak Republic – January 1
  • Epiphany – varies
  • Good Friday – varies
  • Easter Monday – varies
  • Labor Day – May 1
  • Day of the Victory over Fascism – May 8
  • St. Cyril and Methodius Day – July 5
  • Slovak National Uprising Anniversary – August 29
  • Day of the Constitution of the Slovak Republic – September 1
  • Day of Our Lady of Sorrows, Patron Saint of Slovakia – September 15
  • All Saints´ Day – November 1
  • Struggle for Freedom and Democracy Day – November 17
  • Christmas Eve – December 24
  • Christmas Day – December 25
  • St. Stephen’s Day – December 26

 

SOCIAL SECURITY AND TAXATION

Employer Contribution: 24.4%

Income Tax Rates: 19% – 25%

MINIMUM WAGE

623 Euros per month

WORK HOURS

40 hours per week

OVERTIME RATE

125-135% of the normal rate (150 hours per year maximum)

PROBATIONARY PERIOD

3 months

ANNUAL LEAVE CREDITS

4 weeks

MATERNITY LEAVE

34 weeks

PATERNITY LEAVE

1 month until the child turns 3 years old

SICK LEAVE

10 days (paid)

BONUSES

annual and performance bonuses are common in Slovakia

*Info is not binding, may vary, and is provided only as an indication.

Your Global Team Starts Here With Us

Ask our team to design a solution that works directly with your current setup.

Other Countries to Explore

Ideal Countries To Start Your International Expansion - Ghana
Ghana

Ghana

Ghana which translates to “Warrior King is the first country in Sub-saharan Africa to gain independence. From a business perspective, Ghana has a dynamic private sector that is willing to engage with foreign partners.

Ideal Countries To Start Your International Expansion - Benin
Benin

Benin

This democratic nation is the 10th youngest population in the world. Around 65% of its people are under 25 years old.

Ideal Countries To Start Your International Expansion - Guinea-Bissau
Guinea-Bissau

Guinea-Bissau

Guinea-Bissau's economic policies invite foreign investments and business expansion in West Africa. The country’s political stability creates opportunities for international expansion.

Your Global Team Starts Here With Us

Ask our team to design a solution that works directly with your current setup.