Citizenship and passport of Slovakia is at the same time EU-citizenship. 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 … This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia. Slovenia is an EU country and is part of the Schengen visa zone. It has a low cost of living in comparison to the rest of Europe. 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. What should change. Best Citizenships is now a part of Yellow network, “Very honest and professional service. 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. So long as yo… 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. Related article FAQ: State citizenship of the Slovak Republic Read more . +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 […] The country’s migration laws therefore support investment based immigration to Slovakia. The Comoros citizenship by investment program was established in 2001 in accordance with the Union of Comoros Constitution. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. 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. 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. Q: My children were born in Slovakia. 1. 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. 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. 40/1993 Coll. To renew the residence permit, a company must have a profit in the minimum required amount. A dynamic business investment that opens doors into Europe Slovakia: Have at least one parent who was a Slovakian citizen at the time of your birth. The scheme requires investors create 300 jobs but citizenship granted in public interest facilitated discretionary procedure. Ideally, your business will hire at least one Slovenian worker, although that is not necessarily required, and can be done later on. Several such programmes currently exist in Europe for real estate. Answer: Slovakia does not have a direct citizenship by investment program. The competent authority to carry out the due diligence and security checks are the OCPs. 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. Sign up to receive a free copy of our industry leading global immigration magazine, Join our the global immigration community. 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. Act No. European But Not EU Member States’ Residency by Investment Programs 1993 (20 €) Granting Slovak citizenship to a person whose at least one of the parents was at the time of birth Czechoslovak citizen (20 €). 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. 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. What is citizenship by investment? on Citizenship of the Slovak … 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. Granting Slovak citizenship to former Slovak or Czechoslovak citizen (20 €) Granting Slovak citizenship to Czech citizens born after 1. 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. 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. 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. 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. Slovakia has one of the most powerful travel documents in the world. Some of the benefits of a Slovenian investment residency include: Exceptional quality of life in a highly central European location. Such checks may include, for example, examining bank statements or balance sheets. Slovak nationality law is the law governing the acquisition, transmission and loss of Slovak citizenship. ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) The country is the largest per capita car producer 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. The Slovak Constitution in Chapter II establishes the fundamental rights to which citizens and permanent residents including their family members are entitled. It is also a member of the Schengen. Slovak citizenship — is an affordable way to legally. Highly recommended people”. Otherwise 8 years of residence are required for citizenship. Slovakia is very different from many European countries that provide citizenship for investments, such as, for example, Spain, Latvia, Estonia. ... Investor visa and citizenship by investment programme news. What makes CBI online platforms so popular? 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. 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. This means you can live, work and study in any of the 28 EU member countries with no restrictions. Residence gives unrestricted travel within Schengen region. Russians becoming slovak nationals must give up their russian nationality. Slovakia joined the European Union 1 May 2004 and joined the Eurozone on 1 January 2009. 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 also has the most expensive citizenship by investment scheme in the world starting from EUR 100 million. 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. Investing considerably into certain sectors of the economy could shorten the wait time for 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. 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. Slovakia has the most expensive citizenship by investment program (CIP) in the world. Looking to obtain Hungarian residency and eventual 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. Copyright © 2021 UGlobal. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed,  UAE. 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. Learn more about the Hungary Investor Visa here. Get Citizenship By Descent in these 8 places If you need to hire staff, Slovenia may not be as affordable as some eastern European countries but is quite affordablecompared to western Europe. 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. How to obtain citizenship of Slovakia for investment? “Thank you for your excellent service. Another option to get Slovakia second citizenship is Citizenship by Residency. Applicants must submit a business plan and financial documentation of financial proof of coverage of business and have no criminal record. Citizenship of the Slovak Republic is granted in exceptional cases to persons who have made a huge contribution to the country’s economy. Slovakia is a central European country known for its dramatic natural landscape and many castles. 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 Slovakia, there is no citizenship by investment program or residency by investment program. Far as providing us a discount ” – Muhamed, UAE nationals must up... 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