In addition to the aforementioned financial security of a foreigner, we also state that a foreigner must, among other things, prove the financial security of his stay with a statement from his bank account established in the territory of the Slovak Republic or abroad. The law requires a balance on his account in the amount of the subsistence minimum (from 01.07.2020 to 30.06.2021 the subsistence minimum is EUR 214.83) for each month of stay; if the length of stay exceeds one year, he must prove financial security in the amount of twelve times the subsistence minimum. In the event that a foreigner applies for temporary residence for his child for the purpose of family reunification, he shall prove financial security for the residence in half the amount for this child.
In addition, the foreigner is obliged to prove the financial security of the business activity. For this purpose, he submits a confirmation of the balance in an account kept in a bank established for business purposes, which must not be identical to an account opened in the name of a natural person (foreigner), in the amount of:
twenty times the subsistence minimum, if it is a national of a third country who will do business as a natural person,
one hundred times the subsistence minimum, if it is a national of a third country who will do business as a statutory body of a legal entity (e.g. bank statement of the company).
If the confirmations are made in a foreign bank, turnover for the last 3 months is also documented.