Motívy zakladania onshore a offshore spoločností slovenskými podnikmi v roku 2014
Motives of Establishing of New Onshore and Off shore Companies by the Slovak Enterprises in 2014

Summary/Abstract: We contribute to the rare evidence of driving motives of establishing new onshore and off shore companies by analysing the situation in the Slovak Republic in 2014. We analyse fi nancial and ownership data for the Slovak enterprises already included in onshore and off shore business, providing data by corporate service providers on the driving motives and their combination for the Slovak customers in 2014 and the available external data assessing the quality of the Slovak business environment. We present the empirical evidence that the motive of tax benefi ts is ranked as the most important, followed by the anonymity of the UBO, fl exible arrangement of ownership relations, asset protection, asset management and trusteeship and special cases. In the second part of our research we provide empirical evidence on signifi cant areas of the business environment aff ecting the number of newly established onshore and off shore companies by the Slovak enterprises between 2005 and 2014. The indicators assessing the quality of the Slovak business environment are divided into two groups – paying taxes plus doing business and the quality of the legal system in Slovakia. Our research shows that from the fi rst group is insignifi cant only the indicator of time to comply with taxes. On the other side, the perception of corruption and the functionality of the state institutions are evaluated as signifi cant from the second group.

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