Slovenia benefits from a strategic location in Europe, being a member state of the European Union (EU). Slovenia applies the principles established by the EU, as well as those provided by the Organization for Economic Cooperation and Development (OECD). Thus, foreign investors are welcomed to invest on the local market, which prescribes the same regulations applicable to local businessmen.
Thanks to its location, Slovenia is a good place to launch or simply test a market, prior to your extension in the markets from the south-east of Europe. Moreover, for those who intend to invest in Slovenia, the country is still offering the opportunity to take part in the last privatization move, after the massive reconstruction brought by the collapse of the communist regime.
You can read about the main reasons to invest in Slovenia in the infographic below:
Attractive investment iIndustries in Slovenia
There are a lot of attractive investment industries in Slovenia
. The Slovenian economy is a fast growing one. This is good news for investors who want to open a company in Slovenia
. Businessmen can expect a wide market, skilled workers, technological availability, and business protection. They can also expect a big return of investment since the cost of operating a business in Slovenia
is very reasonable, as well as the corporate taxes imposed which is at 19%. Clearly, company formation in Slovenia
is a wise business decision.
Since 2004, Slovenia has been one of the top countries in the European Union in terms of economy. A big part of this is due to attractive investment opportunities in Slovenia.
Automotive industry in Slovenia
Carmakers in Slovenia make sure that they make not only quality cars, but cars that make driving so much easier and technologically advanced. They also made sure that the cars are competitive in the market. For 2016, the automotive industry was estimated to have gained an estimated 3.7 billion euros in revenue. If you would like to invest in Slovenia by opening a company in the automotive industry our company formation experts can help you.
Chemicals and pharmaceuticals
This industry has been around for a very long time. Manufacturers in Slovenia
have been successful in manufacturing and selling their products and there are numerous skilled workers under their disposal. The industry profited an estimated 5.5 billion euros in revenue. A chemical and pharmaceutical company in Slovenia is a very profitable endeavor. Our company formation experts can help you invest in Slovenia
by setting up a company in this business sector.
Electrical and electronics in Slovenia
Slovenia gives importance to educating and training its workers in the field of electronics and the electrical field. Recently, around 2,100 undergraduate students are enrolled in electronics related courses and some 2,900 secondary school students are taking up electrical engineering in Slovenia. The profit in this industry is estimated to be 4.1 billion euros for 2016. If you open a Slovenian company in this industry, you can be assured of skilled workers in electronics and electrical work. If you want to invest in Slovenia in this industry, our incorporation agents are at your disposal.
Information and communications technology
This is one of the fastest growing industries in Slovenia. A big part of the reason why it is booming is technological advancement, skills development, and government support. The government has made information and communications technology
part of the national development priority. In 2016, the industry was estimated to have gained 3.4 billion euros in revenue. It would be a great investment to open a company in Slovenia in this industry.
If you want to invest in Slovenia and establish a company in one of the investment industries presented above or in any other business sector, feel free to contact our experts in company formation in Slovenia.
The Slovenian educated workforce
One of the top reasons for investing in Slovenia
is its workforce
. In the past few years, the local authorities have increased their focus on education and training of employees, especially when it comes to computer literacy and preparation for high-tech sectors, among which information technology, life sciences and pharmaceuticals, that add value to the economy. So, it is easy to say that Slovenia has one of the most skilled and cheapest work forces at EU level.
Employees in Slovenian companies have earned a reputation of inspiration in innovative sectors which have led to a fast development of the human capital many foreign investors enjoy now. According to Eurostat, Slovenia has met two important education goals established at EU level:
- 43.4% of the employees aged 30 to 34 have completed their tertiary education forms;
- 5% of employees with ages between 18 and 24 have left schools earlier, thus decreasing the number of unqualified workers.
It is worth noting that not only young persons living in Slovenia
have knowledge of a foreign language, but 70% of the population has command of at least two foreign languages, among these, English, German, French and Italian are the most popular.
If you are foreign investor looking to expand here, our company formation specialists in Slovenia can help you set up a business.
High quality infrastructure and trading facilities
Among the reasons for investing in Slovenia
, the infrastructure and the trading facilities
should be on top. This is because in the past years, the country’s government has invested in the development of inland and maritime transportation routes. At the moment, its transportation system is made of more than 39,000 km of roads with 700 km of motorways and a 2,000 km railway transportation network which is reported to a 20.273 km2 surface.
The maritime sector is also quite developed, with the port of Koper acting as the largest logistics hub in the country. It connects Slovenia to Central and Southern Europe.
From a trading point of view, Slovenia is one of the most important gateways to regional markets on the continent, as it connects Southern Europe to the northern side.
In terms of exports, Slovenia had a market worth 30,454 million euros at the level of 2018, as it follows:
- Germany was its main trading partner with total exports valued at more than 6,6 million euros;
- Italy came on the second position with exports worth a little over 5 million euros;
- Austria and Croatia were the largest exporters for Slovenian companies with more than 3 million euros;
- local companies also exported 2 million worth goods to France in 2018.
In Southern Europe, the total value of exports leaving Slovenia in 2018 was 2,219 million euros, while country importing most from Slovenia was Bosnia and Herzegovina (1,062 million euros).
Slovenia’s business environment
In order to attract foreign direct investments
, the Slovenian government has started the modernization of various authorities back in the 2000’s . Currently, the central authorities focus on providing some of the best conditions for doing business through fast and simple company registration procedures
, streamlined investment promotion
and investment incentives
Also, Slovenia offers access to a more than half a million customers market not only in Europe but also in Asia. Slovenia is now home to large companies in various industries, among which logistics and automotive.
Should you need assistance in business registration in Slovenia, our specialists can help you.
Incentives for foreign investors in Slovenia
Apart from the excellent infrastructure and facilities created to cater to the needs of foreign investors
is also a country where many financial incentives
are available for those who want to open companies
. Among these, the following are worth noted:
a tax relief for investments which consists in the reduction of the corporate income tax based of up to 63% of the tax profit on research and development investments in the first year;
corporate tax reliefs are also available for 70% of investments made in start-up companies;
employment corporate tax rebates of up to 70% are also offered to companies hiring disadvantaged employees for at least 12 months;
Slovenia also offers a 16.1% refund of the social security contributions on employers’ side for certain categories of employees.