+44 207 060 1475. 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. All rights reserved. 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. 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. Slovenia and Montenegro are two countries that are considering an investor visa programme for residency and citizenship by investment. Slovakia has the most expensive citizenship by investment program (CIP) in the world. 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. 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. 1993 (20 €) Granting Slovak citizenship to a person whose at least one of the parents was at the time of birth Czechoslovak citizen (20 €). We initially struggled arranging documents and paperwork, but the company was assisting us in every step. 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. Citizenship of the Slovak Republic is granted in exceptional cases to persons who have made a huge contribution to the country’s economy. European But Not EU Member States’ Residency by Investment Programs A dynamic business investment that opens doors into 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. Slovakia has the most expensive citizenship by investment program (CIP) in the world. settle down in Europe. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. 175/1999 Coll. Foreign investors can apply for a temporary residence permit, which is valid for one year. – 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. Source: Ministry of Interior / EU commission report on investor citizenship schemes. Investors must also meet clean criminal record condition under this scheme. The handling authority is the Alien Police in collaboration with the Ministry of Economy. Sign up to receive a free copy of our industry leading global immigration magazine, Join our the global immigration community. Granting Slovak citizenship to former Slovak or Czechoslovak citizen (20 €) Granting Slovak citizenship to Czech citizens born after 1. Looking to obtain Hungarian residency and eventual citizenship by investment? Russians becoming slovak nationals must give up their russian nationality. If approved in the parliament, the amendment may come into force in February 2021. 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. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed, UAE. Dual citizenship is allowed. The Slovak Constitution in Chapter II establishes the fundamental rights to which citizens and permanent residents including their family members are entitled. The Hungarian dual citizenship law concerns 3.5 million ethnic Hungarians living in nearby countries, mostly Romania and Slovakia. 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. 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. Anyone can become a Slovenian resident by starting a local business and investing the required €7,500 in paid-up capital. This is a very discrete scheme is not widely known, for major investor. It takes about 90 days to receive. The Certificate is issued by the Ministry of Economy in cooperation with SARIO agency upon request of the concerned business. 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). Today we received our passports, a happy day. Our platform is free to use and we do not charge any fee to clients. Slovakia is famous for highest number of castles and caves anywhere in the world. 1. What should change. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia Related article FAQ: State citizenship of the Slovak Republic Read more . In all cases of dual citizenship, the Slovak citizenship is … 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. 40/1993 Coll. Serving HNW clients since 2011. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia. 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. Ideally, your business will hire at least one Slovenian worker, although that is not necessarily required, and can be done later on. 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. It has a low cost of living in comparison to the rest of Europe. This allows Slovak citizens to reside, legally work and do business in any EU country, including The United Kingdom, Germany, and France. The Ministry of the Interior decides on every application for granting Slovak citizenship within a period of 24 months from its filing. Slovakia is very different from many European countries that provide citizenship for investments, such as, for example, Spain, Latvia, Estonia. 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. 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. Slovakia: Have at least one parent who was a Slovakian citizen at the time of your 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. Slovak does not allow dual citizenship except in certain cases. Criteria such as geographical location and type of sector invested in Slovakia determine financial grants. Slovak citizenship — is an affordable way to legally. 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. Slovenian citizenship is assigned on the grounds of Article 12 of the Citizenship Law. 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. What is citizenship by investment? Slovakia is a central European country known for its dramatic natural landscape and many castles. 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 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. Slovenia is an EU country and is part of the Schengen visa zone. Does Slovakia offer a route to residency and citizenship through an investor visa? The Act is an initiative by government to attract new businesses to stimulate the economy and create new employment opportunities. Citizenship and passport of Slovakia is at the same time EU-citizenship. Learn more about the Hungary Investor Visa here. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. CITIZENSHIP program cost: €40 000. The minimum required net income is 12,500 euro per year. The country’s migration laws therefore support investment based immigration to Slovakia. Major investors can also be granted residence permit or permanent residence permit directly for investment including all family members. 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 country is the largest per capita car producer in the world. Get Citizenship By Descent in these 8 places Neither me nor my spouse are Slovak citizens. 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. Permanent residency is normally possible after 5 years of residence; citizenship is possible after 10 years of legal residence. What makes CBI online platforms so popular? Hungarians make up almost 10 percent of Slovakia's 5.4 million citizens and are its largest ethnic minority. 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. Investing considerably into certain sectors of the economy could shorten the wait time for citizenship. Slovak nationality law is the law governing the acquisition, transmission and loss of Slovak citizenship. Another option is company registration and then submission of the documentation for a residence permit. It is also a member of the Schengen. To renew the residence permit, a company must have a profit in the minimum required amount. Slovakia may consider you for exceptional citizenship if you invest €100 million and create 300 jobs for economic investment. It is also one of the most discretely available scheme. Several such programmes currently exist in Europe for real estate. This is a very discrete scheme is not widely known, for major investor. How to obtain citizenship of Slovakia for 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. Answer: Slovakia does not have a direct citizenship by investment program. 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. ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) Each country decides who can become a citizen of that country. 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. 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 … S.R L. prepare documentary confirmation of your birth no criminal record condition under this.! 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