As every other EU state Slovakia receives means from the EU Structural Funds which implies regional and labor market development. The most part of the country is a favored development area though Bratislava is seen as a "normal" development area. To promote SMEs Slovakia may use subsidies out of the EU program for Competitiveness and Innovation (CIP). The promotion of trade and industry is additionally financed out of national and regional budget resources.
The maximal subsidy rate is defined according to the region and enterprise size. The sum of all cash valued subsidies is limited through the state, region and municipality.
1. General state contribution
Subject to subsidy:
• Ground lots, buildings, equipment/machines, as well as licenses, know-how, industrial property rights, etc. are subject to subsidies in the amount of maximally 50% of the general sum, or
• For a time frame of two years the salaries including payroll taxes for the new generated jobs.
Branches subjects to subsidy:
Manufacturing enterprises, technology centers (centers for applied research), centers for strategic services, tourism
Ways of promotion:
• Investment grants
• Tax concession
• Transfer of abetted state property
• Subsidies for new job places
2. Promoting SMEs
The subsidies come from the EU Structural Funds. The National Development Plan 2007-2013 is executed with the help of 11 Operative Programs (OP). The OPs are of great meaning for the private sector as they "contribute to the development of competitiveness".
Who is entitled to get the subsidy?
Enterprises registered in the Slovak Republic and respectively foreign investors.
What is funded
Acquisition of land and real estate, expansion of new halls, buildings, complicated restoration works, transport, used equipment and technologies, payroll costs, running costs, sales tax, interest, bank charges, leasing.
