More than 72,000 foreigners are doing business in Slovakia: Ukrainians are only fourth

72,600 people from abroad do business in Slovakiawhich operate in various capacities in more than 63,650 companies. Most of them come from the Czech Republic, Hungary and Austria. Ukrainians are only in fourth place, The Russians are not even in the top ten. This follows from FinStat’s analysis of business structures in Slovakia.

Of the total number, 17,240 people are from the Czech Republic, over 11,000 from Hungary and more than 5,000 from Austria. There are approximately 4,400 Ukrainians and 1,172 Russians. Foreign persons together hold approximately 135,000 positionswhile one person can work in several companies.

The number of foreign charter holders has been growing for a long time. While ten years ago there were more than 2,000 positions occupied by foreign employees, last year it was more than three times as many. The exception was the pandemic year 2020. In the years 2020 to 2022, there were mainly Hungarian statutory residents, and in 2023, Czech citizens prevailed.

The number of Ukrainian statutory residents in Slovakia is growing every year. In 2025, 600 new positions filled by Ukrainians were created. On the contrary, the number of Russian statutory bodies is decreasing, while in 2018 there were 89 of them, compared to 24 last year.

Companies with foreign persons most often do business in services, wholesale and in the field of law, consulting and accounting. Out of the total number of more than 63,000 companies, 388 have their headquarters at the address of virtual headquarters providers and over 19,000 at the addresses of virtual headquarters and so-called clusters, where more than 65 companies are located at one address.

The total debt of Slovak companies reaches 3.8 billion euros. Companies in which at least one foreign shareholder is active make up about a third of this debt, i.e. almost 1.3 billion euros. The majority of it is represented by obligations towards the financial administration, probably mainly on value added tax.

More than a third of the debt of companies with foreign shareholders is made up of companies in which at least one shareholder from Hungary works. Companies with a Czech statutory body owe the financial administration less than 200 million eurosso almost EUR 150 million to the statutory body from Poland. However, in the case of Czech charter holders, a significant part is also represented by debts on social insurance and to the Environmental Fund.

At the same time, the analysis pointed to individual companies with Russian or Ukrainian partners that show significant profits or, conversely, high indebtedness. She also drew attention to cases of persons appearing on foreign sanctions lists that appeared in the structures of Slovak companies in the past.

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