Sole entrepreneurship in Slovakia (Živnosť) is specified as regular activity, pursued on own responsibility, for the purpose of earning profits and under the conditions stipulated by the Trade Licensing Act. One Sole Entrepreneur (Trader) may pursue several business activities, but may be required to have a Trade License for each of them. A sole Entrepreneur is personally liable for all debts run-up during his business activity in Slovakia, including all his assets and property.
In case you do not yet have a residence permit in Slovakia at the time of trade notification or you do not meet specific conditions for your business activity, you must appoint an Authorized Representative.
As a Sole Entrepreneur you are obliged to pay your Health Insurance from the very beginning of your business activity, as well as your Social Insurance contributions, which may be started from next financial calendar year.