A trade is a systematic activity, pursued independently, on its own, on one's own responsibility, for the purpose of earning profit and under the conditions stipulated by the Trade Licensing Act. Trade business covers almost all business activities aside from activities explicitly set out in the Trade Licensing Act. The law does not define what may be considered as a trade but stipulates what it cannot be.
If you wish to pursue activities that meet the characteristics of a trade, you must apply for a Trade License. A Trade License is an authorisation to conduct activities which fall into the scope of trade business and is valid for the entire territory of the Slovak Republic. One sole trader may pursue several business activities but needs to hold a Trade License for each of them. In addition to obtaining a trade license, you must also obtain a suitable type of residence that will enable you to conduct business in Slovakia.
Each applicant for a Trade License must meet general and specific conditions for pursuing a trade.
General conditions of trade operation for natural persons, which must be met at all times, are:
- 18 years of age,
- legal capacity, and
- no criminal record.
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