- Overview: Slovakia
- Expand without a company set up
- Global HR Compliance
- Global PEO and payroll
- Work permit for hiring expats via PEO
- Contractor vs. employee: which is better?
Global Expansion Guide: Grow Fast. Eliminate Risks without Company Set Up in Slovakia
Become an international business and gain a presence in Slovakia without the risk or expense of setting up a company.
In this guide you’ll learn how to:
- Attract and compliantly pay commission-based sales reps
- Develop international sales and extra revenue opportunities, without setting up own companies overseas
- Enter more markets, test the markets before getting established there, and easily withdraw from the unattractive countries
- Avoid legal and compliance risks
- Design an efficient system of international sales with a strong team of global salesforces
The key to expanding seamlessly into Slovakia is finding and effectively managing local people. Just a single pair of boots on the ground is a game-changer. Immediate revenue increases with a skilled globally distributed salesforce, or expedited growth with foreign local IT pros; all benefits of a strong international team and presence in the global marketplace.
However, if your company is trying to go global, or is already in those early stages, chances are that you’re starting to understand how complicated global operations can be.
Learn How You Can Expand Your Business Globally Through Employment Fast, Easily, And Risk-Free!
Make a Rapid Market Entry with a Global PEO
The time and cost of setting up a local office in Slovakia can be an obstacle to market entry. Furthermore, some legal requirements and unique circumstances may prevent your global operations from being carried out in a prescribed way. Acumen Global’s professional employer organization (PEO) provides international companies escaping these problems with legal and compliant PEO (Professional Employer Organisation) and EOR (Employer of Record) solutions that cover all global employment-related issues, from compliance with local laws to taking care of your workers’ wage payments, benefits, and social security contributions.
Global PEO & EOR Partner in Slovakia – the Right Choice for Going Global
After you’ve decided to expand in Slovakia, hiring people to represent your company in the country is your next step. Employee onboarding and payroll in Slovakia bring with it certain legal procedures and norms that need to be observed by both employers. The legal procedure of company setup in Slovakia generally takes around 3 months. An important thing you need to consider is liquidation that might be needed if you find the market unattractive and want to withdraw. In some countries the procedure is way more complicated compared to opening a business entity.
You can outsource employment of your salesforces in Slovakia to a third-party company Acumen International. Acting as a local legal employer for your remote employees, we will run a local payroll & HR, and process business expenses on your behalf. We will pay allowances and benefits to your people in Slovakia.
We can sponsor work permits and visas for your expatriate personnel who you need to send and have employed in Slovakia.
As the original (factual) employer, you will maintain the substantive work relationship, making all decisions on compensation, position duties, projects and termination. We will act as a legal employer for your workforce, which is why you won’t have any legal ties with them. Our solution gives you the freedom to dedicate all your time to developing your business in the target country without costly and time-consuming entity setup in Slovakia.
You only need to find the candidates (or decide to convert current freelancers/independents into employees) and we will do the rest. We can help you recruit the candidate in addition to PEO employment.
Fully Compliant Employment Contracts in Slovakia
Acumen International has gained a reputation as one of the most effective PEO and EOR solutions providers of in Europe. If you plan business operations in Slovakia or the EU, you will inevitably need help creating employment contracts for your business in Slovakia or you want to learn about Slovak tax schemes, Acumen can provide comprehensive legal advice. Our service includes optional consulting, such as legal assistance with employment contract creation, according to Slovakian law, mandatory employee benefits, vacations, social security contributions, tax deductions and withholdings, and more. By partnering with Acumen, you reduce your dependence on local infrastructure and experts in these areas. Additionally, we offer assistance with other services that can reduce your expansion costs by 90% and hiring time by 80%.
Risk-free Business Expansion to Slovakia
The Slovak market provides various opportunities for businesses looking to expand their reach. However, there are also many challenges for companies considering Slovakia for expansion. The tax and employment law laws in Slovakia can be complex, so businesses must pay close attention to the intricacies of these laws. Extra care must be taken when looking to expand into Slovakia because mistakes such as payroll missteps can result in heavy fines and penalties.
If your company is serious about entering the Slovak market, we suggest outsourcing your global employment functions to our Global PEO services. We can provide all the expertise you need to know all the ins and outs of operating in Slovakia.
With our support, you can focus on growing your business while we handle your HR functions. We have experience dealing with challenging employment problems, so contact us today if you prefer not to worry about legal issues concerning employment.
You will have peace of mind knowing we have employees that work well together. You don’t have to worry about legal hassles or other complicated HR or immigration concerns that might slow your growth in Slovakia.
Comprehensive EOR & PEO Packages and Budget-friendly Rates
Acumen International can offer secure, efficient global HR services to manage Global Payroll, HR & Benefits Administrations for businesses that need international talent but don’t have the resources or skills to handle it themselves. Acumen International’s unique and integrated approach to global employment allows us to offer a comprehensive array of PEO and EOR functions in Slovakia, including:
- Processing Immigration requirements
- Visa applications & extensions
- Work permit sponsorships
- Streamline onboarding, benefits, payroll, PTO
- Local labour law compliance
- Audit-proof compliance requirements
- Employee benefit management
- Handling employment contracts, terminations, and compensation
- Processing medical insurances and benefits
- Payroll, including year-end tax statements
- Relocation services & housing
- Benefit management
- Special needs or requirements
- Multi-country employment without limitations
- Handling contract worker and ex-pat workforce management
- Compliant employment or termination within 72 hours.