According to a World Bank report, establishing a firm in Slovakia takes almost as long and is as complicated as it is in Botswana.
Businessmen must arrange at least 10 different formalities, and the process lasts at least 3 months. They can only dream about the conditions of businesspeople in Australia, Canada, New Zealand, Denmark, or the USA, accordin to daily SME.
In terms of expenses, the establishment of a firm in Slovakia costs as much as it does in Australia, $401 (€342), where the process is the fastest.
Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
15. Oct 2003 at 11:41