The Švarc System: When Could a Company Face a Fine of Over One Million Euros?

Does a salesperson in a shopping center always have to be an employee? According to Peter Varga, under certain circumstances, they can also work as a contractor. This legal perspective runs counter to the prevailing narrative, but it is based on a thorough legal analysis and a systematic interpretation of the law, including in the […]

The “Švarc” System: How the Labor Inspectorate Monitors Companies

Is it enough to have more clients, work from home, or set up a single-member limited liability company (s.r.o.) instead of operating as a sole proprietorship for the collaboration to be securely classified as B2B? Not necessarily. When assessing the “Švarc system,” it’s not just the name of the contract that matters, but primarily how […]

Individual or LLC? How to Manage Investments More Tax-Efficiently

Is Slovakia really at a disadvantage when it comes to taxing investments? Or, if structured properly, could it be more favorable than popular foreign jurisdictions? In the 47th episode of Highgate Talks, Peter Varga and Tomáš Demo discuss the taxation of stocks, investment real estate, foreign funds, and other investment assets. They explain why the […]

A Family Business Without Rules? Conflict Is Only a Matter of Time

A family business can operate for decades without clearly defined rules. However, all it takes is the founder’s unexpected departure, a dispute among siblings, or the commingling of personal and business assets, and long-standing trust can quickly turn into conflict. In the 46th episode of Highgate Talks, Tomáš Demo, CEO of Highgate Group, speaks with […]

Slovakia or Czech Republic? Where to Invest in Real Estate Today

Real estate investment is one of the most popular ways to grow one’s capital. But is it more advantageous to invest in Slovakia or the Czech Republic today? In the latest episode of the Highgate Talks podcast, Peter Varga welcomed Tomáš Cár from Crowdberry, who has long been involved in real estate investments and connecting […]

ESOP in Slovakia: how to motivate people in a company?

ESOPs, employee stock options or phantom shares. Topics that are also addressed by many Slovak business owners. In this episode of Highgate Talks, Tomáš Demo and Peter Varga talk about why many ESOP programs work great on paper, but often run into legal, tax, and psychological limits in the Slovak reality. You will learn: Why […]

Employees as Shareholders? Finax Unveils Its Own ESOP

“We’ll give people a stake in the company, and they’ll be motivated.” Reality? This isn’t always true, nor does it happen automatically. So how can an ESOP be structured so that it actually works? In this episode of Highgate Talks, Peter Varga, Tomáš Demo, and Juraj Hrbatý from Finax speak candidly: Why do percentages of […]