Entrepreneurship and self-employment

Entrepreneurial (business) activity (‘podnikanie’ in Slovak) means a continuous activity carried out by an entrepreneur in their own name, on their own responsibility and with a view to making a profit.

The term entrepreneurial activity is regulated by Section 2(1) of Act No 513/1991 Coll., the Commercial Code.

Trade (or craft, as the context requires, in Slovak ‘živnosť’) is a systematic activity carried out independently, in the trader’s own name, on their own responsibility, with a view to making a profit and subject to the conditions laid down by the Act. The term ‘trade’ is defined in Section 2 of Act No 455/1991 Coll. on trade business.