Slovakia is a member of the European Union since 2004, and, geographically speaking, is literally at the center of it. The country is a regional champion for direct foreign investment, thanks to its inexpensive and technologically skilled workforce, an advantageous tax system, a low cost of living, several financial incentives for foreign investors, and a large growth potential. With a stable economic and political environment, Slovakia is a small but open economy located between East and West with great export potential.
Slovakia’s business practices and standards are those of the European Union, but the country is still dealing with corruption, and investors could face some administrative and technological barriers. Nevertheless, current major investors in Slovakia continue to invest in their production facilities. Slovakia’s banking system is sound, with a deep financial and economic integration into the European’s market.
Slovakia is home to the highest number of castles in the world, but the country lacks new infrastructure and is looking for investors to help. Don’t miss that opportunity! In this Getting to Global guide, we will guide you through the process of reaching Slovakia’s consumers, successfully making sales on e-commerce channels, and getting your products to reach the desired consumers.