Setting up funds in Slovakia – accounting and tax pitfalls

We are relatively intensively involved in the topic of collective investment within the Highgate Group. In addition to our experience with the actual establishment and operation of funds, including their accounting, we are also trying to raise the level of legislation in this area, which is considerably undersized in Slovakia.

Our aim is to gradually push through various channels a number of proposals in order to make the fund environment in Slovakia more attractive. The most effective in this respect so far seems to be the participation of Peter Varga in the advisory team at the Ministry of Finance of the Slovak Republic, who is relatively active in this topic. In addition, it is also membership in SLOVCA or cooperation with Crowdberry that help to put pressure on state authorities. However, the aim is not so much to attract foreign fund managers, but rather to motivate Slovak fund managers not to establish funds abroad. These channels are membership in the In this context, we were approached by Hospodársky noviny to summarise the main legal, tax and accounting sticking points in Slovak legislation. There are several of these points and they are caused by the long-term disinterest of legislators in the area of collective investment. You can read more about this below