Legal obstacles to freedom to conduct a business: Experience of the Slovak Republic

Abstract

The paper focuses on legal obstacles affecting freedom to conduct a business in the Slovak Republic. It points out the freedom to conduct a business with regards to the Slovak and European perspective and compares it with the legal conditions laid down for starting a business pursuant to the Slovak legal regulation. The analysis especially orientates to define general conditions for natural persons and legal persons to be met in order to start a business, but also to describe special conditions, i.e. the requirements for qualification. The paper focuses on all persons who want to conduct a business in the Slovak Republic. Since the freedom to conduct a business is not necessarily related to citizenship, the paper analyses conditions laid to aliens. The general conditions to conduct a business are: a minimum age, a full legal capacity, and integrity of natural persons or representatives of legal persons. The obstacles to conduct a business are shown through analysis related to the main legislative problems and the article is giving several proposals for more business friendly legal regulation.