How to Open a Corporate Bank Account in Slovakia as a Foreign Entrepreneur: Step-by-Step Guide

Opening a corporate bank account is one of the most important — and often most complex — steps for foreign entrepreneurs starting a business in Slovakia. Whether you’re registering a new s.r.o. or buying a ready-made company, having an operational bank account is essential for invoicing, tax payments, and running your day-to-day operations.

At Setupmart.com, we help non-resident clients open Slovak bank accounts quickly and legally. Here’s how it works — including all requirements, timelines, and practical advice.

Why Your Company Needs a Slovak Business Bank Account

To receive payments from local and EU clients
To handle VAT, payroll, and taxes
To build credibility with suppliers and authorities
To stay compliant with Slovak financial laws

Slovak banks apply strict KYC and AML procedures, which makes local expertise especially valuable for foreigners.

1. What You’ll Need to Open an Account

Most banks will ask for:

Company documents (registration extract)
2 Valid ID documents such as Valid passport or ID for all directors
Proof of address (e.g., utility bill or certificate of residence)
A brief business description and expected funding sources

2. Banks Prefer Established or Verified Companies

If you’ve just formed a company, some banks may delay or reject account setup until:

Business activity is visible
A Slovak-based proxy or resident director is in place

That’s why many clients choose to buy a ready-made company from Setupmart.com, which already includes:

An open and verified corporate account
All compliance checks completed
Full access setup for the new director post-transfer

3. Step-by-Step Account Opening Process

For a newly registered company:

Company is listed in the Commercial Register
Client submits documents and identification
Bank appointment (in-person)
Bank reviews business details and performs checks
Account is opened within 5–10 working days

For a ready-made company:

Setupmart.com transfers company ownership
We update bank access rights and notify the bank. In person visit in the bank is required.
KYC takes place. It may take few days.
You receive account control — usually in 48 hours or less

Common Obstacles (and How We Solve Them)

❌ Bank requires in-person visit → ✅ Use our support during meeting.
❌ Extra checks for non-EU owners → ✅ We pre-clear clients with banks.
❌ Paperwork or language issues → ✅ We handle translation and prep.
❌ Unclear business activity → ✅ We prepare a bank-friendly business plan based on information provided by clients.

Final Thoughts

Opening a business bank account in Slovakia isn’t always simple — especially for foreign entrepreneurs. But with proper planning and the right support, it can be done quickly and correctly. Whether you’re entering the EU market or building an international structure, Setupmart.com helps make your company bank-ready from day one.

Get a Slovak Company With a Bank Account — Fast

✅ Purchase a ready-made Slovak s.r.o. with an active account
✅ Or let us guide you through opening a new one
✅ We handle all documents, KYC, and bank communication

Visit www.setupmart.com to get started.

Mgr. Dominik Ondrišeje

Dominik is co-founder of the SetupMART project. Dominik is responsible for corporate services and implementation of modern technologies in our services at SetupMART. Dominik is dedicated to the sale of ready-made companies since 2011. Dominik studied law at the Pan-European School of Law.