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. Looking to obtain Hungarian residency and eventual citizenship by investment? Citizenship and passport of Slovakia is at the same time EU-citizenship. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed,  UAE. It has a low cost of living in comparison to the rest of Europe. It is also one of the most discretely available scheme. 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. Any programme introduced in Slovenia could be bery interesting for investors. The Ministry of the Interior decides on every application for granting Slovak citizenship within a period of 24 months from its filing. Each country decides who can become a citizen of that country. 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. 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. Slovak does not allow dual citizenship except in certain cases. 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. ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) Slovakia has the most expensive citizenship by investment program (CIP) in the world. Become eligible to apply for Slovenian citizenship after maintaining your permanent residency for 5 years or more. What makes CBI online platforms so popular? Today we received our passports, a happy day. Russians becoming slovak nationals must give up their russian nationality. Minimal investment amount is €50,000. Citizenship by investment provisions, similar to those of Austria, exist in the legislation of Slovakia, but there is no established practice. Learn more about the Hungary Investor Visa here. Hungarians make up almost 10 percent of Slovakia's 5.4 million citizens and are its largest ethnic minority. Such checks may include, for example, examining bank statements or balance sheets. 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. The Hungarian dual citizenship law concerns 3.5 million ethnic Hungarians living in nearby countries, mostly Romania and Slovakia. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. 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. Slovakia is very different from many European countries that provide citizenship for investments, such as, for example, Spain, Latvia, Estonia. 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. Slovak Citizenship Through Descent Did you know that if you have Slovak ancestry, you might be eligible for Slovak citizenship and an EU passport? 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. Some of the benefits of a Slovenian investment residency include: Exceptional quality of life in a highly central European location. Anyone can become a Slovenian resident by starting a local business and investing the required €7,500 in paid-up capital. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. Neither me nor my spouse are Slovak citizens. Investing considerably into certain sectors of the economy could shorten the wait time for citizenship. Slovakia may consider you for exceptional citizenship if you invest €100 million and create 300 jobs for economic investment. Does Slovakia offer a route to residency and citizenship through an investor visa? 1993 (20 €) Granting Slovak citizenship to a person whose at least one of the parents was at the time of birth Czechoslovak citizen (20 €). The above information is about how to obtain Slovakia Economic Citizenships European But Not EU Member States’ Residency by Investment Programs Got Grandparents? How to obtain citizenship of Slovakia for investment? 175/1999 Coll. 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. Otherwise 8 years of residence are required for citizenship. Source: Ministry of Interior / EU commission report on investor citizenship schemes. Slovakia is famous for highest number of castles and caves anywhere in the world. In all cases of dual citizenship, the Slovak citizenship is … 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. Investors must also meet clean criminal record condition under this scheme. Criteria such as geographical location and type of sector invested in Slovakia determine financial grants. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. Citizens have visa free travel to 167 countries, including EU countries. The country is the largest per capita car producer in the world. settle down in Europe. If you need to hire staff, Slovenia may not be as affordable as some eastern European countries but is quite affordablecompared to western Europe. In Slovakia, there is no citizenship by investment program or residency by investment program. Once your company is up and running, you can merely apply for a residency permit to run the company. Slovakia also has the most expensive citizenship by investment scheme in the world starting from EUR 100 million. Under ordinary naturalization in Slovakia, foreigners must have legally lived in Slovakia with residence permit for 8 years. Slovakia has the most expensive citizenship by investment program (CIP) in the world. Our platform is free to use and we do not charge any fee to clients. 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. *The investment may be eligible for regional aid in Slovakia. 1. Slovenia and Montenegro are two countries that are considering an investor visa programme for residency and citizenship by investment. What should change. 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. 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. Residence gives unrestricted travel within Schengen region. Slovakia has one of the most powerful travel documents in the world. on Citizenship of the Slovak … CITIZENSHIP program cost: €40 000. The scheme requires investors create 300 jobs but citizenship granted in public interest facilitated discretionary procedure. 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. If approved in the parliament, the amendment may come into force in February 2021. +44 207 060 1475. The country’s migration laws therefore support investment based immigration to Slovakia. Citizenship by investment. What is citizenship by investment? 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. The competent authority to carry out the due diligence and security checks are the OCPs. Granting Slovak citizenship to former Slovak or Czechoslovak citizen (20 €) Granting Slovak citizenship to Czech citizens born after 1. The minimum required net income is 12,500 euro per year. Copyright © 2021 UGlobal. Slovak nationality law is the law governing the acquisition, transmission and loss of Slovak citizenship. Is an affordable way to legally be eligible for regional aid in Slovakia foreigners... Slovakian citizen at the same time EU-citizenship bank statements or balance sheets of country... 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