“Thank you for your excellent service. The OCPs also request the opinion of the Slovak Intelligence Service and Military Intelligence Service during the process of reviewing the application, Checks on the origin of funds have to be carried out in accordance with the Slovak legislation on anti-money laundering in cooperation with the Police Presidium (UHCP). Any programme introduced in Slovenia could be bery interesting for investors. Q: My children were born in Slovakia. Act No. Minimal investment amount is €50,000. The Comoros citizenship by investment program was established in 2001 in accordance with the Union of Comoros Constitution. While Slovakia offers no formal Golden Visa Program or Citizenship By Investment Program as of 2020, the government does encourage foreign investment and the formation of foreign owned business that make a meaningful contribution to the local economy. Source: Ministry of Interior / EU commission report on investor citizenship schemes. – Adewale, Nigeria, Antigua CIP cryptocurrency payments still in the pipeline, Cyprus suspends investor citizenship scheme, How to get Ireland Permanent Residency for €400K, St Kitts is the Rolls Royce of Citizenship by Investment. Get Citizenship By Descent in these 8 places Become eligible to apply for Slovenian citizenship after maintaining your permanent residency for 5 years or more. The scheme requires investors create 300 jobs but citizenship granted in public interest facilitated discretionary procedure. Ideally, your business will hire at least one Slovenian worker, although that is not necessarily required, and can be done later on. Otherwise 8 years of residence are required for citizenship. However, there is a possibility provided by the Slovak Nationality Law that citizenship may be granted to those who do considerable contribution in economic, cultural, scientific or another sphere. It takes about 90 days to receive. Slovakia: Have at least one parent who was a Slovakian citizen at the time of your birth. It is also one of the most discretely available scheme. Slovak Citizenship may be granted to persons who have significantly contributed to the benefit for the Slovak Republic on economic, scientific, technical, cultural, social or sport activities under a discretionary facilitated procedure pursuant to Article 7(2)(b) of Act on Slovak Citizenship where citizenship is granted directly by the Minister of the Interior, Foreigners must meet the following investment conditions to become a major investor. 8Disclaimer: The information furnished below is only a general guidance for American citizens, as the interpretation of the Slovak laws and regulations does not fall within the competence of the American Embassy. Some of the above rights can be limited in accordance with separate laws to those TCNs who are granted a temporary residence for purpose of family reunification. This is a very discrete scheme is not widely known, for major investor. Slovakia is famous for highest number of castles and caves anywhere in the world. Citizenship by investment is a process by which an individual obtains a second passport and second citizenship by investing in the country ― usually in the form of property investment. Does Slovakia offer a route to residency and citizenship through an investor visa? What should change. Each country decides who can become a citizen of that country. To renew the residence permit, a company must have a profit in the minimum required amount. Sixth largest car producer in the European Union, Citizens of Slovakia are provided with universal health care, free education and one of the longest paid parental leaves in the world, Slovakia has very powerful EU passport with visa free access to Canada, United States and Australia, Safe investment environment: political and economic stability, EU member state, already participates in schengen area, Central European hub connecting east to west & favorable geographic location with great export potential, Fastest growing Eurozone member within the last 10 years (CAGR), CEE Leader in Physical Property Rights Security (PRA) and labor productivity and in TOP 10 hard working countries (OECD), Slovakia ranks ninth worldwide in adapting to new technologies & high innovation potential, Large selection of industrial land & offices, Excellent infrastructure network with attractive investment incentives, A capital investment for the development of the enterprise of at least, The investment is economically significant or at least. The minimum required net income is 12,500 euro per year. Slovakia is very different from many European countries that provide citizenship for investments, such as, for example, Spain, Latvia, Estonia. CITIZENSHIP program cost: €40 000. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia. Copyright © 2021 UGlobal. According to the Ministry of Interior, the fact that a third country national has been granted permanent residence in the interest of the Slovak Republic does not mean that they can access directly the discretionary naturalization procedure. An applicant may be granted citizenship of the Slovak Republic, provided that he has an eight-year uninterrupted permanent residence in the territory of the Slovak Republic immediately preceding submission of the application for Slovak citizenship. Another option is company registration and then submission of the documentation for a residence permit. While Hungary does not have a direct citizenship program, non-EU investors can obtain residency based on business establishment and trade, with a clear path to eventual citizenship through naturalisation. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. In all cases of dual citizenship, the Slovak citizenship is … It has a low cost of living in comparison to the rest of Europe. The requirement for extension of the residence permit and processing of the citizenship of Slovenia, is to contribute to the main capital of own company and to confirm stable profitability of the business. Once your company is up and running, you can merely apply for a residency permit to run the company. The quickest and most direct path to a second passport (no matter who your parents are, where you are born, or where you live) is through an officially recognized citizenship by investment scheme, maybe there will be a Slovakia Honorary Citizenship in the future. Granting Slovak citizenship to former Slovak or Czechoslovak citizen (20 €) Granting Slovak citizenship to Czech citizens born after 1. Best Citizenships is now a part of Yellow network, “Very honest and professional service. Slovenia and Montenegro are two countries that are considering an investor visa programme for residency and citizenship by investment. Certified agents of Public Investments Solutions S.R L. prepare documentary confirmation of your ancestor's affiliation with Slovenia for submission to authorized state authority. 1993 (20 €) Granting Slovak citizenship to a person whose at least one of the parents was at the time of birth Czechoslovak citizen (20 €). In total, six foreign investors were granted citizenship, based on the investors residence permits according to Article 7(2)(b) of Act on Slovak Citizenship in the period 2012-2017. While there is no CBI program, it is possible to obtain citizenship after 10 years of legal residence but is on a case by case basis. 1. ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) European But Not EU Member States’ Residency by Investment Programs The Certificate is issued by the Ministry of Economy in cooperation with SARIO agency upon request of the concerned business. Slovakia has one of the most powerful travel documents in the world. This is a very discrete scheme is not widely known, for major investor. +44 207 060 1475. Citizens have visa free travel to 167 countries, including EU countries. Citizenship and passport of Slovakia is at the same time EU-citizenship. Among the immigration-through-investment programs, there are typically two paths – instant citizenship and residency by investment, the latter of which usually leads to citizenship … Slovakia has the most expensive citizenship by investment program (CIP) in the world. In order to prepare and fill out documents for a residence permit for the purpose of business, investors have the option of buying a ready-made company with a nominee director and then apply for a residence permit. This allows Slovak citizens to reside, legally work and do business in any EU country, including The United Kingdom, Germany, and France. Hungarians make up almost 10 percent of Slovakia's 5.4 million citizens and are its largest ethnic minority. So long as yo… For example: Right to judicial and other legal protection. Anyone can become a Slovenian resident by starting a local business and investing the required €7,500 in paid-up capital. on Acquisition and Loss of Citizenship of the Slovak Socialist Republic, became a citizen of the Slovak Republic also under the new Act No. Our business model of online platform makes it cheaper and faster for clients as we directly with authorized agents, law firms and property developers approved by Governments without any intermediaries. settle down in Europe. Permanent residency is normally possible after 5 years of residence; citizenship is possible after 10 years of legal residence. Learn more about the Hungary Investor Visa here. If an applicant lived abroad, a clean criminal record certificate is also requested from the country in which the third-country national has been resident for more than 90 days during the last three years for six consecutive months. Answer: Slovakia does not have a direct citizenship by investment program. Under ordinary naturalization in Slovakia, foreigners must have legally lived in Slovakia with residence permit for 8 years. Neither me nor my spouse are Slovak citizens. Slovakia is an ideal investment destination because of its political economic stability strengthened by the common European currency Euro, competitive taxation system tax, and availability of highly skilled and educated workforce offering the highest labour productivity in the CEE region with favorable labour costs. Slovenian citizenship may be acquired by origin, which means that a person gets citizenship of the Republic of Slovenia through his or her parents or at least one of them, provided that the parent is a Slovenian citizen at the time of the birth.. Slovenian citizenship can be also acquired by naturalisation. While there is no citizenship by investment program or residency by investment program in Slovakia, the government encourages foreign investment and has rules granting financial incentives to foreign investors, like tax credits and subsidiary incentives. A dynamic business investment that opens doors into Europe How to obtain citizenship of Slovakia for investment? The Citizenship Act is a law enacted by the National Council of Slovakia in regard to the nationality law following the dissolution of Czechoslovakia.In 2010, it was controversially amended, enacting loss of Slovak citizenship upon naturalization elsewhere. Related article FAQ: State citizenship of the Slovak Republic Read more . We initially struggled arranging documents and paperwork, but the company was assisting us in every step. also sets out rules for issuing of the so called “Certificate of a Major Investment”. If approved in the parliament, the amendment may come into force in February 2021. Slovak nationality law is the law governing the acquisition, transmission and loss of Slovak citizenship. Slovakia joined the European Union 1 May 2004 and joined the Eurozone on 1 January 2009. Investing considerably into certain sectors of the economy could shorten the wait time for citizenship. The country’s migration laws therefore support investment based immigration to Slovakia. While there is no citizenship by investment program or residency by investment program in Slovakia, the government encourages foreign investment and has rules granting financial incentives to foreign investors, like tax credits and subsidiary incentives. on Citizenship of the Slovak … What makes CBI online platforms so popular? The Slovak Constitution in Chapter II establishes the fundamental rights to which citizens and permanent residents including their family members are entitled. Investors must also meet clean criminal record condition under this scheme. Updated: 10.02.2019 | Date: 19.04.2017 | Our Law Office provides comprehensive services in the area of Immigration Law, especially for obtaining a residence permit for foreigners in Slovakia. The Hungarian dual citizenship law concerns 3.5 million ethnic Hungarians living in nearby countries, mostly Romania and Slovakia. Looking to obtain Hungarian residency and eventual citizenship by investment? Another option to get Slovakia second citizenship is Citizenship by Residency. Several such programmes currently exist in Europe for real estate. Criteria such as geographical location and type of sector invested in Slovakia determine financial grants. According to this provision, Slovak citizenship can be granted to a foreigner who has significantly contributed to the benefit of the Slovak Republic in the area of economy or if it is for another reason in the interest of the Slovak Republic. However, the loss of Slovak citizenship will not occur if a Slovak citizen acquires foreign citizenship by getting married to a foreign citizen, provided that the foreign citizenship was acquired during the time of their marriage, or if acquired at birth. How to get the residence permit or Slovak citizenship in Slovakia by Investment . Slovenia is an EU country and is part of the Schengen visa zone. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia The country is the largest per capita car producer in the world. A handful of countries around the world offer citizenship to those who make substantial investments in their country, but it isn’t cheap. What is citizenship by investment? It is also a member of the Schengen. Sign up to receive a free copy of our industry leading global immigration magazine, Join our the global immigration community. Slovakia also has the most expensive citizenship by investment scheme in the world starting from EUR 100 million. Citizenship by investment provisions, similar to those of Austria, exist in the legislation of Slovakia, but there is no established practice. The competent authority to carry out the due diligence and security checks are the OCPs. Our platform is free to use and we do not charge any fee to clients. Today we received our passports, a happy day. Upon obtaining a Slovak passport, applicant automatically becomes a citizen of the European Union in accordance with provisions of the Maastricht Treaty, acquiring significant rights to settle in European countries. Got Grandparents? Major investors can also be granted residence permit or permanent residence permit directly for investment including all family members. Citizenship by investment. It is also one of the most discretely available scheme. The handling authority is the Alien Police in collaboration with the Ministry of Economy. Slovakia may consider you for exceptional citizenship if you invest €100 million and create 300 jobs for economic investment. Serving HNW clients since 2011. ... Investor visa and citizenship by investment programme news. If you need to hire staff, Slovenia may not be as affordable as some eastern European countries but is quite affordablecompared to western Europe. Dual citizenship is allowed. In some cases, if an applicant invests a significant amount in priority sectors of the economy they can apply for permanent residence and then citizenship sooner than the 5-10 year wait time. Leading Citizenship-by-Investment Programs Citizenship-by-investment programs provide families with the privilege of acquiring an alternative citizenship, which in turn gives them the right to travel freely to various destinations and to settle in another country. This means you can live, work and study in any of the 28 EU member countries with no restrictions. Slovakia is a central European country known for its dramatic natural landscape and many castles. 175/1999 Coll. Situated at the center of Europe, Slovakia is a politically and economically stable country with a skilled, educated and inexpensive workforce and has the highest labor productivity in the CEE region. The Act is an initiative by government to attract new businesses to stimulate the economy and create new employment opportunities. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. Foreign investors can apply for a temporary residence permit, which is valid for one year. In this case major investor applicant is exempt from the condition of a continuous permanent residence in the Slovak Republic for at least eight years and also from the condition to speak or understand Slovak. Slovenian citizenship is assigned on the grounds of Article 12 of the Citizenship Law. Highly recommended people”. 206/1968 Coll. An individual who was, till December 31st, 1992, a citizen of the Slovak Republic under Act No. The above information is about how to obtain Slovakia Economic Citizenships Slovak citizenship — is an affordable way to legally. Slovakia has the most expensive citizenship by investment program (CIP) in the world. Such checks may include, for example, examining bank statements or balance sheets. The OCPs in reviewing the application for a temporary residence takes into account the “public interest”, particularly in terms of security, the economic interests of the Slovak Republic, the contribution of the TCN’s entrepreneurial activity to the economy of the Slovak Republic and the protection of public health. Russians becoming slovak nationals must give up their russian nationality. As of 2019, the slovak passport had visa free access to 181 countries including USA, Canada, Australia, UK and full rights to live and work in EU member states. Quick Reference for Residency and Citizenship by Investment for Slovakia 1 Country Passport Slovakia 2 Country Map 3 Country Flag 4 Minimum Investment Required No program exists 5 Name Of The Program – 6 Processing Time – 7 Residency By Investment – 8 Real Estate investment Allowed – 9 Business Investment – 10 […] Slovak does not allow dual citizenship except in certain cases. *The investment may be eligible for regional aid in Slovakia. The Ministry of the Interior decides on every application for granting Slovak citizenship within a period of 24 months from its filing. All rights reserved. A child acquires Slovak citizenship by birth if at least one of the child's parents is a Slovak citizen, regardless of his/her place of birth. In Slovakia, there is no citizenship by investment program or residency by investment program. Some of the benefits of a Slovenian investment residency include: Exceptional quality of life in a highly central European location. Citizenship of the Slovak Republic is granted in exceptional cases to persons who have made a huge contribution to the country’s economy. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed, UAE. Residence gives unrestricted travel within Schengen region. Applicants must submit a business plan and financial documentation of financial proof of coverage of business and have no criminal record. 40/1993 Coll. Slovak Citizenship Through Descent Did you know that if you have Slovak ancestry, you might be eligible for Slovak citizenship and an EU passport? Study in any of the documentation for a residence permit, a day. Article FAQ: State citizenship of the concerned business is possible after 5 years or more citizens have visa travel. 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