The 10 th China International Fair for Investment & Trade
EU Member EURO implementation in % Flat Tax Qualified, productive, cheap labor Investment Incentives up to 50%
220 mil. Inhabitants in 1000km
Expanding Infrastructure Atlantic Ocean - Amsterdam Black Sea - Romania France - Paris North Sea - Poland Adriatic Sea - Venice
Industrial Parks and Tradition in Engineering
FACTS & FIGURES on Slovakia’s Economy Source: Slovak Statistical Office 2006, National Labor Office in SR 2006, National Bank of Slovakia,…
FACTS & FIGURES on Slovakia’s Economy Source: Standard and Poor’s, Moody’s, Fitch – IB CA, 2006
FACTS & FIGURES on Slovakia’s Economy Source: Economist Intelligence Unit for , research findings presented in March 2006
FLAT TAX …on ALL Corporate & Individual Income, and VAT NO double taxation Dividend tax: 0% Inheritance and Gift Tax:0% Real Estate Transfer Tax:0% Repatriation of profits:100% Tax holidays & other Investment incentives:up to 50% 19%
Labor Force Price & Quality Source: Statistical Office of the SR (from labor force survey 2004)
Labor Force Price & Quality Source: Institute for Information and Prognosis of Education, 2006
Labor Force Price & Quality Foreign LanguageNumber of StudentsPercentage of Students English ,31 German ,56 French ,20 Russian ,75 Spanish3 9411,24 Other1 2310,38 Source: Institute for Information and Prognosis of Education, 2005; Data relates to all secondary schools
Labor Force Price & Quality Source: EIU, CE Research LLP, Roland Berger Analysis, 2005
Labor Force Price & Quality Employer Liberal Labor Code Low Severance Pay 3 Months Probation Weak Unions 400 Hours Overtime 40 Hours Working Week
Strengths and Opportunities Traditionally strong sectors with further growth potential in Slovakia: Chemistry & Pharmacy Metallurgy & Metal Processing Electronics Machinery & Precision Engineering Automotive
SARIO One-Stop-Shop for Investors Advice on any question on starting business in Slovakia Providing sector-specific information Analyses of labor market, taxation, macroeconomics, etc. Recommendations on best locations and appropriate real estate Facilitating contacts and processes with authoritiesAssisting with the process to apply for investment incentives
Thank you for your attention Tel.: Fax: Peter Ostrica Slovak Investment and Trade Development Agency Project management - FDI Division