Slovenia

GDP (US$ Billion)

48.87 (2017)

World Ranking 84/192

GDP Per Capita (US$)

23,654 (2017)

World Ranking 38/192

Economic Structure

(in terms of GDP composition, 2017)

Services
(56.40%)
Industry
(29.00%)
Agriculture
(2.00%)

External Trade (% of GDP)

146.2 (2016)

Currency (Period Average)

Euro

0.89 per US$ (2017)

Political System

Unitary multiparty republic

Overview

Slovenia's favourable geographical location has enabled it to become a strong regional and international player with an export-oriented manufacturing sector. However, the global economic crisis of 2008 hit hard and structural reforms are needed (through greater privatisation, improved openness to foreign investment, investor-friendly changes to taxes and labour flexibility to support greater economic competitiveness) to lift Slovenia's long-term growth potential and prevent the resurfacing of imbalances that emerged pre-2007. Efforts to address the threat of a rapidly ageing population are also necessary to ensure public finances remain on a sustainable trajectory. In 2017 Slovenia recorded a trade surplus of EUR1.1 billion with non-European Union (EU) members. Real GDP growth is forecast to slow from an estimated 4.2% in 2018 to 3.3% in 2019 and 3.0% in 2020, largely owing to softer demand from key European trading partners.



Sources: World Bank, The Slovenia Times, Hong Kong Information Services Department, Fitch Solutions

Major Economic/Political Events and Upcoming Elections

April 2017

Gregory So, Hong Kong’s Secretary for Commerce and Economic Development, visited Ljubljana to co-host an event with The Slovenia Times to discuss the opportunities that would accompany the Belt and Road Initiative, emphasised the importance of connectivity and the joint economic and investment opportunities that would arise.

April 2017

Slovenia and Hong Kong signed a memorandum of understanding that would facilitate cooperation in wine-related businesses. The agreement might serve as a model for other Slovakian businesses to make use of the advantages offered by Hong Kong as a means to reach the East Asia markets.

June 2017

An international court of arbitration decided in favour of Slovenia in its maritime dispute with Croatia, ruling that it should have direct access to international waters in the Adriatic Sea using a corridor that crosses Croatian waters.

March 2018

Prime Minister Miro Cerar resigned after the supreme court struck down a major railway project.

June 2018

Although the Slovenian Democratic Party of Slovenia (SDS) party of veteran former Prime Minister Janez Jansa made significant gains in elections, he could not put together a ruling majority coalition. The relatively new Lista Marjana Sarca (LMS) party under Marjan Serec formed a centre-left minority government and governs with the support of the leftist Levica party.

September 2018

Marjan Sarec of the LMS was sworn in as head of a centre-left minority government, after the SDS failed to form a coalition.

Sources: BBC Country Profile – Timeline, Fitch Solutions, Hong Kong Information Services Department

Major Economic Indicators

 

Graph: Slovenia real GDP and inflation
 
Graph: Slovenia real GDP and inflation
 
Graph: Slovenia GDP by sector (2017)
 
Graph: Slovenia GDP by sector (2017)
 
Graph: Slovenia unemployment rate
 
Graph: Slovenia unemployment rate
 
Graph: Slovenia current account balance
 
Graph: Slovenia current account balance
 

e = estimate, f = forecast

Sources: IMF, World Bank, Fitch Solutions

Date last reviewed: March 22, 2019

External Trade

Merchandise Trade

Graph: Slovenia merchandise trade
 
Graph: Slovenia merchandise trade
 
 

Source: WTO

Date last reviewed: March 22, 2019

Graph: Slovenia major export commodities (2018)
 
Graph: Slovenia major export commodities (2018)
 
Graph: Slovenia major export markets (2018)
 
Graph: Slovenia major export markets (2018)
 
Graph: Slovenia major import commodities (2018)
 
Graph: Slovenia major import commodities (2018)
 
Graph: Slovenia major import markets (2018)
 
Graph: Slovenia major import markets (2018)
 

Sources: Trade Map, Fitch Solutions

Date last reviewed: November 27, 2018

Trade in Services

Graph: Slovenia trade in services
 
Graph: Slovenia trade in services
 
 

e = estimate

Source: WTO

Date last reviewed: March 22, 2019

Trade Policies
  • Slovenia has been a member of WTO since 30 July 1995 and a member of GATT since October 30, 1994. Slovenia became a member state of the EU on May 1, 2004.

  • Tariff rates in Slovenia are low, at an average of 1.57%, ensuring lower costs for exporters and importers, particularly if trade is taking place within the EU's customs union.

  • Average import tariffs for goods from outside of the EU are highest for agricultural products and processed food; the highest applied tariff for non-agricultural goods is for clothing, at 11.5%, with duties as low as 2.4% for electrical machinery and 2.0% for petroleum. These low tariffs facilitate trade for Slovenia even with countries outside the EU.

  • As an EU member state, Slovenia applies the Integrated Tariff of the Community which is designed as communal standards on goods and standards entering the bloc.

Sources: WTO – Trade Policy Review, Global Trade Alert, Fitch Solutions

Trade Agreement

Multinational Trade Agreements

Active

  1. The EU Common Market: The transfer of capital, goods, services and labour between member nations enjoy free movement. The common market extends to the 28 member nations of the EU, namely: Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

  2. European Economic Area (EEA)-European Free Trade Association (EFTA) (Iceland, Liechtenstein, Norway and Switzerland): While it enhances trade flows between these countries and the EU, only Switzerland is a fairly major trading partner.

  3. EU-Turkey: The customs union within the EU provides tariff-free access to the European market for Turkey, benefitting both exporters and importers.

  4. EU-Canada Comprehensive Economic and Trade Agreement (CETA): CETA is expected to strengthen trade ties between the two regions, having come into effect in October 2016. Some 98% of trade between Canada and the EU is duty-free under CETA. The agreement is expected to boost trade between partners by more than 20%. CETA also opens up government procurement. Canadian companies will be able to bid on opportunities at all levels of the EU government procurement market and vice versa. CETA means that Canadian provinces, territories and municipalities are opening their procurement to foreign entities for the first time, albeit with some limitations regarding energy utilities and public transport.

  5. EU-Japan Economic Partnership Agreement (EPA): In July 2018, the EU and Japan signed a trade deal that promises to eliminate 99% of tariffs that cost businesses in the EU and Japan nearly EUR1 billion annually. According to the EC, the EU-Japan EPA will create a trade zone covering 600 million people and nearly a third of global GDP. The result of four years of negotiation, the EPA was finalised in late 2017 and came into force on February 1, 2019 after the EU Parliament ratified the agreement in December 2018. The total trade volume of goods and services between the EU and Japan is an estimated EUR86 billion. The key parts of the agreement will cut duties on a wide range of agricultural products and it seeks to open up services markets, particularly financial services, e-commerce, telecommunications and transport. Japan is the EU's second biggest trading partner in Asia after China. EU exports to Japan are dominated by motor vehicles, machinery, pharmaceuticals, optical and medical instruments, and electrical machinery.

  6. EU-SADC EPA (Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland): An agreement between EU and SADC delegations was reached in 2016 and is fully operational for SADC members following the ratification of the agreement by Mozambique. The remaining six member of SADC not included in the deal (the Democratic Republic of the Congo, Madagascar, Malawi, Mauritius, Zambia and Zimbabwe) are seeking economic partnership agreements with the EU as part of other trading blocs – such as with East or Central African communities.

Provisionally Active

The CETA: The CETA is an agreement between the EU and Canada. CETA was signed in October 2016 and ratified by the Canadian House of Commons and EU Parliament in February 2017. However, the agreement has not been ratified by every European state and has only provisionally entered into force. CETA is expected to strengthen trade ties between the two regions, having come into effect in 2016. Some 98% of trade between Canada and the EU will be duty free under CETA. The agreement is expected to boost trade between partners by more than 20%. CETA also opens up government procurement. Canadian companies will be able to bid on opportunities at all levels of the EU government procurement market and vice versa. CETA means that Canadian provinces, territories and municipalities are opening their procurement to foreign entities for the first time, albeit with some limitations regarding energy utilities and public transport.

Ratification Pending

  1. EU-Central America Association Agreement (Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Belize and the Dominican Republic): An agreement between the parties was reached in 2012 and is awaiting ratification (29 of the 34 parties have ratified the agreement as of October 2018). The agreement has been provisionally applied since 2013.

  2. EU-Singapore FTA (EUSFTA): On February 13, 2019, the European Parliament passed the agreement which would see the creation of the EUSFTA. However, before the agreement is implemented, all the states involved will need to ratify the agreement through their individual legislatures; in this case, the FTA may become provisionally active along the lines of states which have already ratified the agreement.

Under Negotiation

  1. EU-Australia: The EU, Australia's second largest trade partner, has launched negotiations for a comprehensive trade agreement with Australia. Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost EUR48 billion in 2017, and bilateral trade in services added an additional EUR27 billion. The negotiations aim to remove trade barriers, streamline standards and put European companies exporting to or doing business in Australia on equal footing with those from countries that have signed up to the Trans-Pacific Partnership or other trade agreements with Australia. The Council of the EU authorised opening negotiations for a trade agreement between the EU and Australia on May 22, 2018.

  2. EU-United States (Trans-Atlantic Trade and Investment Partnership): This agreement was expected to increase trade and services, but it is unlikely to pass under the Trump administration in the United States against the backdrop of rising global trade tensions.

  3. EU-Vietnam Free Trade Agreement (FTA): In July 2018, the EU and Vietnam agreed on final texts for the EU-Vietnam FTA and the EU-Vietnam Investment Protection Agreement (IPA). As of March 2019, the final text of the agreement has been finalised and is awaiting signature and conclusion.

Sources: WTO Regional Trade Agreements database, Fitch Solutions

Investment Policy

Foreign Direct Investment

Graph: Slovenia FDI stock
 
Graph: Slovenia FDI stock
 
Graph: Slovenia FDI flow
 
Graph: Slovenia FDI flow
 

Source: UNCTAD

Date last reviewed: March 22, 2019

Foreign Direct Investment Policy

  1. The Slovenian Public Agency for the Promotion of Entrepreneurship, Innovation, Development, Investment and Tourism promotes foreign direct investment (FDI) and advocates for foreign investors in Slovenia. Its mission is to enhance Slovenia’s economic competitiveness through technical and financial assistance to entrepreneurs, businesses, and investors.

  2. Slovenia’s Promotion of FDI and Internationalisation of Enterprises Act covers the main goals and measures for the promotion of FDI. These include free of charge consultation services for foreign investors, promoting Slovenia as an investment destination, improving Slovenia’s competitiveness and financial incentives.

  3. In 2010 Slovenia signed the Organisation for Economic Co-operation and Development (OECD) convention and became a member of the OECD. Slovenia is also one of only three emerging European countries that have been able to adopt the euro, which it did in 2007, enabling its exporters and capital markets to benefit from reduced transaction costs.

  4. Foreign companies that conduct business in Slovenia have the same rights, obligations, and responsibilities as domestic companies. The Law on Commercial Companies and the Law on Foreign Transactions guarantees companies’ basic rights and helps to ensure that foreign companies are accorded equality under the law.

  5. Both foreign and domestic private entities have the right to establish and own business enterprises and engage in different forms of remunerative activity. Slovenia has relatively few limits on foreign ownership or control. There are limits on banking and investment services, private pensions, insurance services, asset management services, and settlement, clearing, custodial, and depository services provided in Slovenia, but headquartered in non-EU countries. In the gaming sector, there is a 20% cap on foreign ownership. In the air transport industry, registration of an aircraft is only possible for aircraft owned by Slovenian or EU nationals or companies controlled by them. Companies controlled by Slovenian nationals or carriers complying with EU regulations on ownership and control are the only entities eligible for Air Operator's Certificates for performing airline services. In the maritime transport industry, the law forbids majority ownership by non-EU residents of a Slovenian flag maritime vessel unless the operator is Slovenian or an EU national.

  6. In order to establish a business in Slovenia, a foreign investor must produce capital of at least EUR7,500 for a limited liability company and EUR25,000 for a stock company.

  7. Slovenian Sovereign Holding manages a privatisation portfolio of companies acquired as a result of state bail-outs during the financial crisis, including assets held by the Bank Assets Management Company.

  8. Slovenia has signed 35 bilateral investment treaties, around a quarter of which are with non-EU countries. Treaties with Russia, Belarus and India, were signed in 2000, 2006 and 2011, but have not yet entered into force.

Sources: WTO – Trade Policy Review, The International Trade Administration, US Department of Commerce, Invest Slovenia, UNCTAD

Free Trade Zones and Investment Incentives

Free Trade Zone/Incentive Programme Main Incentives Available
Free Economic Zones (FEZs): Koper and Maribor - FEZs may be established by one or more domestic legal persons. The founders must provide the resources necessary for the establishment and commencement of operation, as well as suitable technical, organisational, ecological and other conditions for the performance of business activities.



- The following activities may be performed within FEZs: production and services; wholesale trade; banking and other financial services; and insurance and reinsurance regarding the above-mentioned activities.



- After obtaining an appropriate tax authority decision, users of FEZs are entitled to the following benefits: (i) VAT exemption for imports of equipment, production materials and services necessary for export production or performance of other permitted activities; (ii) a reduction in corporate tax rates from the normal 21% to 10%; (iii) a tax allowance amounting to 50% of invested resources on investments in tangible assets in the FEZ; and (iv) a reduction in the taxable base amounting to 50% of the salaries of apprentices and other workers formerly unemployed for at least 6 months.
Free Customs Zone (FCZ): Port of Koper - Under the Customs Act, subjects operating in FCZs are not liable for the payment of customs duties, nor are they subject to other trade policy measures until goods are released into free circulation.



- Duties and rights of users include the following: (i) Separate books must be kept for activities undertaken in FCZs; (ii) users may undertake business activities in a FCZ on the basis of contracts with the founders of FCZs; (iii) users are free to import goods (customs goods, domestic goods for export) into FCZs; (iv) goods imported into FCZs may remain for an indefinite period, except agricultural produce, for which a time limit is set by the government; (v) entry to and exit from FCZs is to be controlled; (vi) founders and users must allow customs or other responsible authorities to execute customs or other supervision; and (vii) for the purposes of customs control, users must keep records of all goods imported into, exported from, or consumed or altered in FCZs.



- The Customs Act also allows the establishment of open FCZs that will allow for more flexible organisation and customs authorities’ supervision. In such FCZs, users may undertake the following activities: (i) production and service activities, including handicrafts, defined in the founding act or contract, and banking and other financial business transactions, property and personal insurance and reinsurance connected with the activities undertaken; (ii) wholesale transactions; and (iii) retail sales, but only for other users of the zone or for use within the FCZ.

Sources: US Department of Commerce, Fitch Solutions

Taxation – 2019
  • Value Added Tax: 22%
  • Corporate Income Tax: 19%

Source: Financial Administration of the Republic of Slovenia

Important Updates to Taxation Information

Based on the amendments of the Slovene Personal Income Tax (PIT) Act, a new tax bracket was introduced for 2017 and onwards between the previous second and third brackets, with a tax rate of 34%. In addition, the tax rate in the fourth tax bracket was reduced from 41% to 39%.

Business Taxes

Type of Tax Tax Rate and Base
Resident company: Corporate Tax The standard corporate income tax rate is 19%. Investment funds may be taxed at a rate of 0% if certain conditions are met.
Resident company: Capital Gains Tax Capital gains are treated as ordinary income and the full amount of the realised gain is subject to tax at 19%.
Social security contributions (paid by both employers and employees) - Employers contribute 16.10% and employees contribute 22.10%



- Health insurance is 6.56% (employee 6.36%), pension and disability is 8.85% (15.5%), unemployment insurance is 0.06% (0.14%), maternity benefits is 0.1% (0.1%) and workers' compensation insurance (for occupational injuries and diseases) is 0.53% (0%)
VAT - Standard rate of 22%



- A lower rate of 9.5% generally applies to foodstuffs, medicines, public hygiene services and a range of other things, including water supplies, transport of passengers and renovation of residential properties.
Real Estate Transfer Tax levied on the acquisition of real estate 2% of the purchase price of real estate
Financial Services Tax 8.5% applied to the fee for any services provided by banks and financial institutions
Payments to foreign affiliates Such payments are normally subject to withholding tax if there is no right to apply exemptions in accordance with Slovenian legislation or double taxation treaties. Payments similar to dividends, including disguised distribution of profit, are not tax deductible. Any other payments to foreign affiliates are tax deductible if they are made in accordance with the arm’s-length principle.
Tax relief for investment in Pomurje Entities based in the Pomurje region of Slovenia may claim additional employment incentives and additional tax relief for investment. These extra benefits are available until 2019. Provided certain conditions are met, such entities are entitled to a 70% tax allowance for investment in equipment and intangible assets as well as to certain employment allowances.
Withholding Taxes (tax must be calculated and withheld on the payments made by residents and non-residents on Slovenian-sourced income to recipients outside Slovenia) The rate is 15% each on dividend income, royalties and interest, which may be reduced if a double taxation agreement exists.

Source: Financial Administration of the Republic of Slovenia

Date last reviewed: March 22, 2019

Foreign Worker Requirements

Foreign Worker Permits

Although EEA and Swiss citizens do not require visas to work in Slovenia, they must apply for a residence registration certificate for stays longer than three months. Residents are eligible to apply for permanent residency after a period of five years of uninterrupted residence. When employing citizens of EEA countries and Switzerland, an employer is only obliged to register the employment details to the Employment Service of Slovenia within eight days of starting a job. The EU Blue Card Regime also makes it easier for highly skilled workers outside of the EEA to enter Slovenia.

Localisation Requirements

Third country nationals in Slovenia are eligible to attend a free programme for the initial integration of immigrants that includes learning about Slovenian society and lessons in the language. The length of the course varies acccording to the type of residence permit.

Visa/Travel Restrictions

Non-EU nationals staying longer than three months must apply for a residence permit. EU nationals staying beyond three months must obtain a residence registration certificate in the area where they live.

Sources: Government websites, Fitch Solutions

Risks

Sovereign Credit Ratings


 
Rating (Outlook) Rating Date
Moody's
 
Baa1 (Stable) 08/09/2017
Standard & Poor's A+ (Positive) 16/06/2017
Fitch Ratings
 
A- (Stable) 08/02/2018

Sources: Moody's, Standard & Poor's, Fitch Ratings

Competitiveness and Efficiency Indicators


 
World Ranking
 
2017 2018 2019
Ease of Doing Business Index
 
30/190 37/190 40/190
Ease of Paying Taxes Index
 
24/190 58/190 41/190
Logistics Performance Index
 
N/A 35/160 N/A
Corruption Perception Index
 
34/180 36/180 N/A
IMD World Competitiveness 43/63 37/63 N/A

Sources: World Bank, IMD, Transparency International, National Sources

Fitch Solutions Risk Indices


 
World Ranking
2017 2018 2019
Economic Risk Index Rank N/A 24/202 10/202
Short-Term Economic Risk Score 76.5 80.2 77.1
Long-Term Economic Risk Score 70.1 73.6 78
Political Risk Index Rank N/A 20/202 29/202
Short-Term Political Risk Score 76.5 69.8 69.8
Long-Term Political Risk Score 84.7 84.7 84.7
Operational Risk Index Rank N/A 32/201 31/201
Operational Risk Score 66.9 67.9 68.6
 

Source: Fitch Solutions

Date last reviewed: March 22, 2019

Fitch Solutions Risk Summary

ECONOMIC RISK

Slovenia's long-term growth performance will remain dependent on the state’s ability to carry out difficult reforms aimed at addressing the challenges posed by an ageing population, skilled labour shortages and capacity constraints. Favourable labour market conditions and a recovery in bank lending should support domestic demand growth, and although output in the export-facing manufacturing sector will slow, it will remain a pillar of employment and growth. As an open economy, Slovenia remains vulnerable to external shocks, with mounting threats to global trade and waning demand from key European Union trading partners (such as Germany) a downside risk to the growth outlook.

OPERATIONAL RISK

Slovenia presents the most attractive business environment in the South East Europe region. Positive attributes include the low risk of terrorism, interstate conflict or criminal threats for businesses and supply chains, as well as the country's relatively well-developed and well-integrated transport network and utilities sectors. Downsides to these positive attributes include Slovenia's small and costly workforce which renders the country's labour market quite uncompetitive with other manufacturing-oriented states in the wider emerging Europe region, as well as its high corporate tax rates.

Source: Fitch Solutions

Date last reviewed: March 19, 2019

Fitch Solutions Political and Economic Risk Indices

Graph: Slovenia short term political risk index
 
Graph: Slovenia short term political risk index
 
Graph: Slovenia long term political risk index
 
Graph: Slovenia long term political risk index
 
Graph: Slovenia short term economic risk index
 
Graph: Slovenia short term economic risk index
 
Graph: Slovenia long term economic risk index
 
Graph: Slovenia long term economic risk index
 

100 = Lowest risk; 0 = Highest risk

Source: Fitch Solutions Economic and Political Risk Indices

Date last reviewed: March 22, 2019

Fitch Solutions Operational Risk Index


 
Operational Risk Labour Market Risk Trade and Investment Risk Logistics Risk Crime and Security Risk
Slovenia Score 68.6 54.0
 
63.4
 
73.5
 
83.4
 
Southeast Europe Average 57.6
 
52.8 58.8 59.5 59.4
Southeast Europe Position (out of 12) 1
 
6
 
4
 
1
 
1
 
Emerging Europe Average 55.9 53.8 57.7 57.0 55.2
Emerging Europe Position (out of 31) 3
 
16
 
8
 
3
 
2
 
Global Average 49.6
 
49.7 49.9 49.0 49.8
Global Position (out of 201) 31
 
71
 
51
 
26
 
17
 

100 = Lowest risk; 0 = Highest risk

Source: Fitch Solutions Operational Risk Index

Graph: Slovenia vs global and regional averages
 
Graph: Slovenia vs global and regional averages
 
Country
 
Operational Risk Index
 
Labour Market Risk Index
 
Trade and Investment Risk Index Logistics Risk Index Crime and Security Risk Index
Slovenia
 
68.6 54.0
 
63.4 73.5 83.4
Croatia 64.1 51.9
 
56.6 71.3 76.7
Romania 62.4 57.1 61.0 63.0 68.5
Cyprus 62.3 55.1 64.2 61.3 68.8
Bulgaria
 
60.2 55.5 64.1 60.1 61.1
Serbia
 
57.2 58.5 60.7 57.0 52.5
Montenegro
 
56.7 52.8 58.1 56.6 59.3
North Macedonia 56.2 47.2 64.1 56.2 57.3
 
Turkey
 
54.8 52.0 60.4 64.9 42.0
Kosovo 51.5 55.2 58.3 52.0 40.7
Albania 51.1 49.0 49.1 49.7 56.8
Bosnia and Herzegovina 46.6 45.5 46.3 48.5 45.9
Regional Averages 57.6 52.8 58.8 59.5 59.4
Emerging Markets Averages 46.7 48.0 45.5 47.4 46.0
Global Markets Averages 49.6 49.7 49.9 49.0 49.8

 

100 = Lowest risk; 0 = Highest risk

Source: Fitch Solutions Operational Risk Index

Date last reviewed: March 22, 2019

Hong Kong Connection

Hong Kong’s Trade with Slovenia

Graph: Major export commodities to Slovenia (2018)
 
Graph: Major export commodities to Slovenia (2018)
 
Graph: Major import commodities from Slovenia (2018)
 
Graph: Major import commodities from Slovenia (2018)
 

Note: Graph shows the main Hong Kong exports to/imports from Slovenia (by consignment)

Date last reviewed: March 22, 2019

Graph: Merchandise exports to Slovenia
 
Graph: Merchandise exports to Slovenia
 
Graph: Merchandise imports from Slovenia
 
Graph: Merchandise imports from Slovenia
 

Note: Graph shows Hong Kong exports to/imports from Slovenia (by consignment)

Exchange Rate HK$/US$, average

7.75 (2014)

7.75 (2015)

7.76 (2016)

7.79 (2017)

7.83 (2018)

Source: Hong Kong Census and Statistics Department

Date last reviewed: March 22, 2019


 
2017
 
Growth rate (%)
Number of Slovenian residents visiting Hong Kong 2,874
 
9.6
 

Source: Hong Kong Tourism Board


 
2017
 
Growth rate (%)
Number of European residents visiting Hong Kong 1,929,824
 
-0.2
Number of emerging Europe citizens residing in Hong Kong 89 1.13

Sources: Hong Kong Tourism Board, Fitch Solutions

Date last reviewed: March 22, 2019

Commercial Presence in Hong Kong


 
2017
 
Growth rate (%)
 
Number of EU companies in Hong Kong 2,053 N/A
- Regional headquarters 459 2.5
- Regional offices 685 -2
- Local offices 909 4.1

Sources: Hong Kong Census and Statistics Department, Fitch Solutions



Treaties and Agreements between Hong Kong and Slovenia
 

  • Double Taxation Agreement with China (effective date: December 1995)
  • Agreement between the Government of China and the Government of Slovenia concerning the encouragement and reciprocal protection of investments (effective date: January 1995)

Source: Hong Kong Department of Justice

Chamber of Commerce (or Related Organisations) in Hong Kong

Honorary Consulate General of Slovenia in Hong Kong

Address: 9/F, Fu Hing Building, 10 Jubilee Street, Central, Hong Kong

Email: phlandpt@biznetvigator.com

Tel: (852) 2545 2107

Fax: (852) 2543 4669



Source: Hong Kong Economic and Trade office, Berlin

Visa Requirements for Hong Kong Residents

Visa on arrival valid for 90 days in any 180-day period.

Source: Hong Kong Immigration Department

Date last reviewed: March 22, 2019

 

Image name View