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