Temporary residence for the purpose of business activities (Prechodný pobyt na účel podnikania)
What
This type of stay will be granted if you want to run a business in Slovakia, either as a managing director of a company or as an individual entrepreneur (with a trade licence). It is granted for up to 3 years, after which stay can be renewed.
Who
A third country national after meeting the conditions of the Act on Residence of Foreigners. You can also do business with other types of residence granted for a different purpose, if it is explicitly permitted by the above law.
How
You can apply either at the Slovak embassy abroad (accredited for your country of origin) or at the Foreign Police Department in the territory of Slovakia (if you do not need visas or if you have already been granted visa, but verify this option before your travel). The authorities will accept your application only if it is complete and perfectly prepared, otherwise you will have to come again with all missing documents.
When
Not later than 5 months before the planned departure to Slovakia, an application must be submitted. It is possible that they do not accept it for the first time, even with that.
NOTE: Be especially careful to have all documents properly verified, translated into Slovak by a court appointed translator and not older than 90 days from their issue. Entrepreneurs, in addition to all documents and a proof of financial means, are also obliged to provide an extra document proving that they have enough financial means to guarantee their business. It means two different confirmations about financial means in two different bank accounts are to be submitted. Please calculate the final sum according to your situation and current law (it is subject to frequent changes).
Good to know
Details how to apply for residence can be found here:
You should be aware that when renewing your residence permit after 2 or 3 years you will need to show that you have made a profit in the last taxation period, by a “profit after tax” amounting to 60 times the subsistence minimum (since May 1st, 2017, the subsistence level is € 198.09). You must document a post-tax profit of € 11,885.
Where
Slovak embassies abroad can be found here (in Slovak):
www.mzv.sk/ministerstvo/slovenske_zastupitelstva-vsetky_zastupitelstva
Foreign Police Departments in Slovakia can be found here (in Slovak): www.minv.sk/?ocp-1