Got Grandparents? The country’s migration laws therefore support investment based immigration to Slovakia. How to obtain citizenship of Slovakia for investment? Slovakia is very different from many European countries that provide citizenship for investments, such as, for example, Spain, Latvia, Estonia. Citizenship of the Slovak Republic is granted in exceptional cases to persons who have made a huge contribution to the country’s economy. ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) 40/1993 Coll. Citizenship and passport of Slovakia is at the same time EU-citizenship. 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. Slovakia joined the European Union 1 May 2004 and joined the Eurozone on 1 January 2009. Citizens have visa free travel to 167 countries, including EU countries. 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. 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. What is citizenship by investment? 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. So long as yo… Dual citizenship is allowed. CITIZENSHIP program cost: €40 000. Slovakia has the most expensive citizenship by investment program (CIP) in the world. Copyright © 2021 UGlobal. 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. Today we received our passports, a happy day. 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. 175/1999 Coll. Slovakia: Have at least one parent who was a Slovakian citizen at the time of your birth. 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. 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. Neither me nor my spouse are Slovak citizens. It has a low cost of living in comparison to the rest of Europe. 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. Looking to obtain Hungarian residency and eventual citizenship by investment? Another option is company registration and then submission of the documentation for a residence permit. on Citizenship of the Slovak … 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 above information is about how to obtain Slovakia Economic Citizenships The Comoros citizenship by investment program was established in 2001 in accordance with the Union of Comoros Constitution. Under ordinary naturalization in Slovakia, foreigners must have legally lived in Slovakia with residence permit for 8 years. 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. The scheme requires investors create 300 jobs but citizenship granted in public interest facilitated discretionary procedure. Slovak Citizenship Through Descent Did you know that if you have Slovak ancestry, you might be eligible for Slovak citizenship and an EU passport? Learn more about the Hungary Investor Visa here. 1993 (20 €) Granting Slovak citizenship to a person whose at least one of the parents was at the time of birth Czechoslovak citizen (20 €). Highly recommended people”. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed,  UAE. 206/1968 Coll. “Thank you for your excellent service. To renew the residence permit, a company must have a profit in the minimum required amount. settle down in Europe. on Acquisition and Loss of Citizenship of the Slovak Socialist Republic, became a citizen of the Slovak Republic also under the new Act No. This allows Slovak citizens to reside, legally work and do business in any EU country, including The United Kingdom, Germany, and France. Citizenship by investment provisions, similar to those of Austria, exist in the legislation of Slovakia, but there is no established practice. 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. It takes about 90 days to receive. A dynamic business investment that opens doors into Europe *The investment may be eligible for regional aid in Slovakia. This is a very discrete scheme is not widely known, for major investor. A handful of countries around the world offer citizenship to those who make substantial investments in their country, but it isn’t cheap. Slovak citizenship — is an affordable way to legally. 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. 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. Get Citizenship By Descent in these 8 places It is also a member of the Schengen. Investing considerably into certain sectors of the economy could shorten the wait time for citizenship. Citizenship by investment. What should change. 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. also sets out rules for issuing of the so called “Certificate of a Major Investment”. 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. Any programme introduced in Slovenia could be bery interesting for investors. – 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. 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. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. Does Slovakia offer a route to residency and citizenship through an investor visa? Serving HNW clients since 2011. Become eligible to apply for Slovenian citizenship after maintaining your permanent residency for 5 years or more. Slovenia and Montenegro are two countries that are considering an investor visa programme for residency and citizenship by investment. Another option to get Slovakia second citizenship is Citizenship by Residency. Answer: Slovakia does not have a direct citizenship by investment program. 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. Such checks may include, for example, examining bank statements or balance sheets. 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. Each country decides who can become a citizen of that country. 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. The Ministry of the Interior decides on every application for granting Slovak citizenship within a period of 24 months from its filing. Act No. Applicants must submit a business plan and financial documentation of financial proof of coverage of business and have no criminal record. 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. Hungarians make up almost 10 percent of Slovakia's 5.4 million citizens and are its largest ethnic minority. 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. In all cases of dual citizenship, the Slovak citizenship is … Granting Slovak citizenship to former Slovak or Czechoslovak citizen (20 €) Granting Slovak citizenship to Czech citizens born after 1. 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. All rights reserved. 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. 1. 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. This means you can live, work and study in any of the 28 EU member countries with no restrictions. Slovakia also has the most expensive citizenship by investment scheme in the world starting from EUR 100 million. Several such programmes currently exist in Europe for real estate. Permanent residency is normally possible after 5 years of residence; citizenship is possible after 10 years of legal residence. Wait time for citizenship the Certificate is issued by the law on Economic as... 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