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The 10 th China International Fair for Investment & Trade.

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Presentation on theme: "The 10 th China International Fair for Investment & Trade."— Presentation transcript:

1 The 10 th China International Fair for Investment & Trade

2 EU Member EURO implementation in 2009 19% Flat Tax Qualified, productive, cheap labor Investment Incentives up to 50%

3 220 mil. Inhabitants in 1000km

4 Expanding Infrastructure Atlantic Ocean - Amsterdam Black Sea - Romania France - Paris North Sea - Poland Adriatic Sea - Venice

5 Industrial Parks and Tradition in Engineering

6 FACTS & FIGURES on Slovakia’s Economy Source: Slovak Statistical Office 2006, National Labor Office in SR 2006, National Bank of Slovakia,…

7 FACTS & FIGURES on Slovakia’s Economy Source: Standard and Poor’s, Moody’s, Fitch – IB CA, 2006

8 FACTS & FIGURES on Slovakia’s Economy Source: Economist Intelligence Unit for 2006-2010, research findings presented in March 2006

9 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%

10 Labor Force Price & Quality Source: Statistical Office of the SR (from labor force survey 2004)

11 Labor Force Price & Quality Source: Institute for Information and Prognosis of Education, 2006

12 Labor Force Price & Quality Foreign LanguageNumber of StudentsPercentage of Students English223 55670,31 German195 72161,56 French19 6976,20 Russian11 9303,75 Spanish3 9411,24 Other1 2310,38 Source: Institute for Information and Prognosis of Education, 2005; Data relates to all secondary schools

13 Labor Force Price & Quality Source: EIU, CE Research LLP, Roland Berger Analysis, 2005

14 Labor Force Price & Quality Employer Liberal Labor Code Low Severance Pay 3 Months Probation Weak Unions 400 Hours Overtime 40 Hours Working Week

15 Strengths and Opportunities Traditionally strong sectors with further growth potential in Slovakia: Chemistry & Pharmacy Metallurgy & Metal Processing Electronics Machinery & Precision Engineering Automotive

16 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

17 Thank you for your attention Tel.:+421-2-58 260 222 ostrica@sario.sk Fax:+421-2-58 260 109 www.sario.sk Peter Ostrica Slovak Investment and Trade Development Agency Project management - FDI Division


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