The government approved a draft of the new Civil Code

The government has approved a draft of the new Civil Code. However, it will not significantly help protect entrepreneurs’ property.

The new code, scheduled to take effect on January 1, 7. The year 2027 brings several important changes—such as new provisions regarding inheritance and prenuptial agreements.

However, one essential tool is missing: a private foundation or endowment fund.

And it is precisely this that could be one of the most practical tools for Slovak entrepreneurs and owners of (family) businesses to ensure the long-term protection and intergenerational transfer of assets.

For context:

▪️ A private foundation serves to ensure the long-term segregation, management, and intergenerational transfer of assets in accordance with the founder’s wishes;
▪️ Its purpose is not tax optimization or asset concealment;
▪️ It has been operating in the Czech Republic since 2014;
▪️ In the absence of Slovak legislation, the Czech foundation structure is therefore one of the most common solutions for Slovak entrepreneurs.

I see this as a missed opportunity.

Slovakia could have created its own transparent and modern asset protection tool. Instead, some businesspeople will continue to seek solutions abroad.

And yes—it’s also grist for the mill of Czech consultants.

We’ll also be discussing how to systematically protect the assets of entrepreneurs and family businesses in the Slovak context with Erika Madari Matwij at the upcoming business brunch organized in collaboration with the Family Business Institute.

📍 Lab28, Nivy Tower, 28th floor, Bratislava
📅 20. 5. 2026, 9:00 a.m. – 11:15 a.m.

👉 Last spots:
https://lnkd.in/dnWDZi-X