on Acquisition and Loss of Citizenship of the Slovak Socialist Republic, became a citizen of the Slovak Republic also under the new Act No. 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. In Slovakia, there is no citizenship by investment program or residency by investment program. 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. Permanent residency is normally possible after 5 years of residence; citizenship is possible after 10 years of legal residence. Got Grandparents? 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. 206/1968 Coll. The Ministry of the Interior decides on every application for granting Slovak citizenship within a period of 24 months from its filing. Once your company is up and running, you can merely apply for a residency permit to run the company. Citizenship of the Slovak Republic is granted in exceptional cases to persons who have made a huge contribution to the country’s economy. 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. Slovakia also has the most expensive citizenship by investment scheme in the world starting from EUR 100 million. on Citizenship of the Slovak … 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. 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. It is also one of the most discretely available scheme. – 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. This means you can live, work and study in any of the 28 EU member countries with no restrictions. It has a low cost of living in comparison to the rest of Europe. Our platform is free to use and we do not charge any fee to clients. For example: Right to judicial and other legal protection. 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. Citizenship and passport of Slovakia is at the same time EU-citizenship. Does Slovakia offer a route to residency and citizenship through an investor visa? Answer: Slovakia does not have a direct citizenship by investment program. ... Investor visa and citizenship by investment programme news. 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. Under ordinary naturalization in Slovakia, foreigners must have legally lived in Slovakia with residence permit for 8 years. The minimum required net income is 12,500 euro per year. Investors must also meet clean criminal record condition under this scheme. 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. How to obtain citizenship of Slovakia for investment? Q: My children were born in Slovakia. European But Not EU Member States’ Residency by Investment Programs Slovakia joined the European Union 1 May 2004 and joined the Eurozone on 1 January 2009. The Certificate is issued by the Ministry of Economy in cooperation with SARIO agency upon request of the concerned business. 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. 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. 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. Minimal investment amount is €50,000. Several such programmes currently exist in Europe for real estate. 175/1999 Coll. 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. Today we received our passports, a happy day. 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. Investing considerably into certain sectors of the economy could shorten the wait time for citizenship. If you need to hire staff, Slovenia may not be as affordable as some eastern European countries but is quite affordablecompared to western Europe. 1. Hungarians make up almost 10 percent of Slovakia's 5.4 million citizens and are its largest ethnic minority. CITIZENSHIP program cost: €40 000. A dynamic business investment that opens doors into Europe Source: Ministry of Interior / EU commission report on investor citizenship schemes. 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. Become eligible to apply for Slovenian citizenship after maintaining your permanent residency for 5 years or more. What is citizenship by investment? Slovak Citizenship Through Descent Did you know that if you have Slovak ancestry, you might be eligible for Slovak citizenship and an EU passport? Slovakia is famous for highest number of castles and caves anywhere in the world. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. Slovakia has the most expensive citizenship by investment program (CIP) in the world. Residence gives unrestricted travel within Schengen region. The handling authority is the Alien Police in collaboration with the Ministry of Economy. Slovenia and Montenegro are two countries that are considering an investor visa programme for residency and citizenship by investment. Dual citizenship is allowed. This is a very discrete scheme is not widely known, for major investor. Some of the benefits of a Slovenian investment residency include: Exceptional quality of life in a highly central European location. +44 207 060 1475. 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 […] Applicants must submit a business plan and financial documentation of financial proof of coverage of business and have no criminal record. 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. 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. Slovakia has the most expensive citizenship by investment program (CIP) in the world. It takes about 90 days to receive. 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. 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. Slovakia: Have at least one parent who was a Slovakian citizen at the time of your birth. Anyone can become a Slovenian resident by starting a local business and investing the required €7,500 in paid-up capital. Act No. So long as yo… Another option is company registration and then submission of the documentation for a residence permit. 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. Each country decides who can become a citizen of that country. ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) Slovak nationality law is the law governing the acquisition, transmission and loss of Slovak citizenship. Slovenian citizenship is assigned on the grounds of Article 12 of the Citizenship Law. 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. Ideally, your business will hire at least one Slovenian worker, although that is not necessarily required, and can be done later on. The Comoros citizenship by investment program was established in 2001 in accordance with the Union of Comoros Constitution. Get Citizenship By Descent in these 8 places This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia 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. A handful of countries around the world offer citizenship to those who make substantial investments in their country, but it isn’t cheap. Neither me nor my spouse are Slovak citizens. Learn more about the Hungary Investor Visa here. 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