Do you issue invoices to your own limited liability company? The tax office may question the expense

Can an owner or managing director issue an invoice to their own company? And what are the consequences if the tax office questions such an invoice? In the 55th episode of Highgate Talks, Peter Varga and Tomáš Demo discuss how owners of Slovak companies withdraw money from their businesses and what issues arise when invoicing […]
From a Small Village to 20 Million: How GARDEON Is Building a European Company from Slovakia

Can a company from a small town in Slovakia grow into an international business, expand into several European countries, and reach 20 million euros in revenue? Brothers Marek Choleva and Martin Choleva, who run the Slovak family-owned company GARDEON, discuss in the new episode of Highgate Talks how they built a major manufacturer and retailer […]
Arbitration Clause: How It Can Save a Company Years of Litigation

An arbitration clause can determine whether a commercial dispute will be resolved over the course of years in a general court or much more quickly through arbitration. However, it is not suitable for every contract, and improper wording can significantly complicate the entire process. In the latest episode of Highgate Talks, Peter Varga discusses with […]
A Cypriot or Dubai Shell Company: When Is a Foreign Company Legal?

A Cypriot or Dubai Shell Company: When Is an Offshore Company Legal? In Highgate Talks #52, Peter Varga and Tomáš Demo discuss the use of offshore companies by Slovak entrepreneurs. They explain why Cyprus has historically been a popular holding company jurisdiction, what “substance” means, and why today it’s not enough to simply have a […]
How to Legally Avoid the Transaction Tax? A Solution That Saves Companies Up to 80%

Is it possible to legally avoid the transaction tax without a foreign bank account, cash, or complicated corporate structures? In the new episode of Highgate Talks, we explain how companies can use electronic mail-order vouchers—which the law excludes from the scope of the transaction tax—by structuring their payments appropriately. This is precisely the principle on […]
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 […]
Peter Varga interviewed Marián Viskupič of SaS about their proposal for an Estonian-style tax

What if companies in Slovakia didn’t pay income tax as long as they kept their profits within the company and reinvested them? The Estonian tax model is based precisely on this principle. According to SaS’s calculations, its implementation could leave approximately 2.5 billion euros in companies during the first few years. This would not be […]
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 […]