The above information is about how to obtain Slovakia Economic Citizenships 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. 175/1999 Coll. 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. 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. 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. also sets out rules for issuing of the so called “Certificate of a Major Investment”. Get Citizenship By Descent in these 8 places Dual citizenship is allowed. Copyright © 2021 UGlobal. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. 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. Looking to obtain Hungarian residency and eventual citizenship by investment? The handling authority is the Alien Police in collaboration with the Ministry of Economy. 1993 (20 €) Granting Slovak citizenship to a person whose at least one of the parents was at the time of birth Czechoslovak citizen (20 €). What makes CBI online platforms so popular? 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). settle down in Europe. 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 … How to obtain citizenship of Slovakia for investment? 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. 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. Citizenship by investment provisions, similar to those of Austria, exist in the legislation of Slovakia, but there is no established practice. The Ministry of the Interior decides on every application for granting Slovak citizenship within a period of 24 months from its filing. Learn more about the Hungary Investor Visa here. Related article FAQ: State citizenship of the Slovak Republic Read more . 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. Under ordinary naturalization in Slovakia, foreigners must have legally lived in Slovakia with residence permit for 8 years. 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. 1. The Slovak Constitution in Chapter II establishes the fundamental rights to which citizens and permanent residents including their family members are entitled. The country’s migration laws therefore support investment based immigration to Slovakia. Q: My children were born in Slovakia. The Hungarian dual citizenship law concerns 3.5 million ethnic Hungarians living in nearby countries, mostly Romania and Slovakia. 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. Anyone can become a Slovenian resident by starting a local business and investing the required €7,500 in paid-up capital. 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. 40/1993 Coll. This means you can live, work and study in any of the 28 EU member countries with no restrictions. Source: Ministry of Interior / EU commission report on investor citizenship schemes. An individual who was, till December 31st, 1992, a citizen of the Slovak Republic under Act No. The scheme requires investors create 300 jobs but citizenship granted in public interest facilitated discretionary procedure. Become eligible to apply for Slovenian citizenship after maintaining your permanent residency for 5 years or more. Slovenian citizenship is assigned on the grounds of Article 12 of the Citizenship Law. Slovakia has the most expensive citizenship by investment program (CIP) in the world. The Act is an initiative by government to attract new businesses to stimulate the economy and create new employment opportunities. Another option to get Slovakia second citizenship is Citizenship by Residency. 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. Citizenship of the Slovak Republic is granted in exceptional cases to persons who have made a huge contribution to the country’s economy. 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 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. It is also a member of the Schengen. Hungarians make up almost 10 percent of Slovakia's 5.4 million citizens and are its largest ethnic minority. European But Not EU Member States’ Residency by Investment Programs Citizens have visa free travel to 167 countries, including EU countries. Sign up to receive a free copy of our industry leading global immigration magazine, Join our the global immigration community. Permanent residency is normally possible after 5 years of residence; citizenship is possible after 10 years of legal residence. 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. The Comoros citizenship by investment program was established in 2001 in accordance with the Union of Comoros Constitution. If you need to hire staff, Slovenia may not be as affordable as some eastern European countries but is quite affordablecompared to western 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. Slovakia is famous for highest number of castles and caves anywhere in the world. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia. A dynamic business investment that opens doors into Europe Each country decides who can become a citizen of that country. Slovakia has one of the most powerful travel documents in the world. 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. Granting Slovak citizenship to former Slovak or Czechoslovak citizen (20 €) Granting Slovak citizenship to Czech citizens born after 1. In all cases of dual citizenship, the Slovak citizenship is … Citizenship by investment. 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 […] 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. Major investors can also be granted residence permit or permanent residence permit directly for investment including all family members. The country is the largest per capita car producer in the world. Highly recommended people”. Investors must also meet clean criminal record condition under this scheme. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia To renew the residence permit, a company must have a profit in the minimum required amount. Serving HNW clients since 2011. This allows Slovak citizens to reside, legally work and do business in any EU country, including The United Kingdom, Germany, and France. The Certificate is issued by the Ministry of Economy in cooperation with SARIO agency upon request of the concerned business. 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. Such checks may include, for example, examining bank statements or balance sheets. Answer: Slovakia does not have a direct citizenship by investment program. Otherwise 8 years of residence are required for citizenship. Ideally, your business will hire at least one Slovenian worker, although that is not necessarily required, and can be done later on. Slovenia is an EU country and is part of the Schengen visa zone. The minimum required net income is 12,500 euro per year. 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. This is a very discrete scheme is not widely known, for major investor. 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. It has a low cost of living in comparison to the rest of Europe. In Slovakia, there is no citizenship by investment program or residency by investment program. It is also one of the most discretely available scheme. Investing considerably into certain sectors of the economy could shorten the wait time for citizenship. 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. Slovakia has the most expensive citizenship by investment program (CIP) in the world. 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. 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. 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. Several such programmes currently exist in Europe for real estate. CITIZENSHIP program cost: €40 000. A handful of countries around the world offer citizenship to those who make substantial investments in their country, but it isn’t cheap. 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. 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. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. Slovakia also has the most expensive citizenship by investment scheme in the world starting from EUR 100 million. What should change. If approved in the parliament, the amendment may come into force in February 2021. *The investment may be eligible for regional aid in Slovakia. How to get the residence permit or Slovak citizenship in Slovakia by Investment . Slovak citizenship — is an affordable way to legally. Once your company is up and running, you can merely apply for a residency permit to run the company. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed,  UAE. 206/1968 Coll. So long as yo… Some of the benefits of a Slovenian investment residency include: Exceptional quality of life in a highly central European location. Got Grandparents? 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. What is citizenship by investment? 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. +44 207 060 1475. Any programme introduced in Slovenia could be bery interesting for investors. Slovakia is very different from many European countries that provide citizenship for investments, such as, for example, Spain, Latvia, Estonia. Applicants must submit a business plan and financial documentation of financial proof of coverage of business and have no criminal record. For example: Right to judicial and other legal protection. All rights reserved. Best Citizenships is now a part of Yellow network, “Very honest and professional service. Slovakia: Have at least one parent who was a Slovakian citizen at the time of your birth. Slovakia is a central European country known for its dramatic natural landscape and many castles. Russians becoming slovak nationals must give up their russian nationality. 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. Slovak nationality law is the law governing the acquisition, transmission and loss of Slovak citizenship. ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. 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. “Thank you for your excellent service. 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. Slovakia may consider you for exceptional citizenship if you invest €100 million and create 300 jobs for economic investment. on Acquisition and Loss of Citizenship of the Slovak Socialist Republic, became a citizen of the Slovak Republic also under the new Act No. Residence gives unrestricted travel within Schengen region. Today we received our passports, a happy day. Neither me nor my spouse are Slovak citizens. Foreign investors can apply for a temporary residence permit, which is valid for one year. Slovak Citizenship Through Descent Did you know that if you have Slovak ancestry, you might be eligible for Slovak citizenship and an EU passport? Slovenia and Montenegro are two countries that are considering an investor visa programme for residency and citizenship by investment. Citizenship and passport of Slovakia is at the same time EU-citizenship. Act No. It takes about 90 days to receive. Slovakia joined the European Union 1 May 2004 and joined the Eurozone on 1 January 2009. 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. ... Investor visa and citizenship by investment programme news. 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. on Citizenship of the Slovak … This is a very discrete scheme is not widely known, for major investor. – 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. Another option is company registration and then submission of the documentation for a residence permit. Criteria such as geographical location and type of sector invested in Slovakia determine financial grants. It is also one of the most discretely available scheme. Slovak does not allow dual citizenship except in certain cases. Does Slovakia offer a route to residency and citizenship through an investor visa? Minimal investment amount is €50,000. 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