Spectator on facebook

Spectator on facebook

Number of Slovak firms registered in tax havens rose by over 7 percent

The number of Slovak companies registered in countries deemed tax havens significantly rose in the first half of this year. According to information released by the Czech agency ČEKIA, the number of companies registered in tax havens as of June 30 of this year increased by 7.1 percent against the same period one a year ago. The number of businesses registered in tax havens swelled from 213 to 3,208, representing 1.62 percent of all the 191,000 businesses operating in Slovakia, ČEKIA further informed.

The number of Slovak companies registered in countries deemed tax havens significantly rose in the first half of this year. According to information released by the Czech agency ČEKIA, the number of companies registered in tax havens as of June 30 of this year increased by 7.1 percent against the same period one a year ago. The number of businesses registered in tax havens swelled from 213 to 3,208, representing 1.62 percent of all the 191,000 businesses operating in Slovakia, ČEKIA further informed.

The Netherlands, Cyprus and Luxembourg continue to be the most attractive tax havens for Slovak entrepreneurs. The biggest relative increase in the first half of the year was reported in the Seychelles, where the number of registered Slovak businesses rose by 111 percent. Analyst of ČEKIA Petra Štěpánová commented that if Slovak businesses continue the pace of joining international holdings throughout the year, it would result in the strongest outflow in the last three years. Slovakia’s current economic and political situation is most likely the impetus behind Slovak entrepreneurs relocating their seats to tax havens.

(Source: SITA)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness