Slovakia: Have at least one parent who was a Slovakian citizen at the time of your birth. also sets out rules for issuing of the so called “Certificate of a Major Investment”. Got Grandparents? Applicants must submit a business plan and financial documentation of financial proof of coverage of business and have no criminal record. It has a low cost of living in comparison to the rest of Europe. The handling authority is the Alien Police in collaboration with the Ministry of Economy. 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. Slovenia and Montenegro are two countries that are considering an investor visa programme for residency and citizenship by investment. Residence gives unrestricted travel within Schengen region. Russians becoming slovak nationals must give up their russian nationality. 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 Granting Slovak citizenship to former Slovak or Czechoslovak citizen (20 €) Granting Slovak citizenship to Czech citizens born after 1. Sign up to receive a free copy of our industry leading global immigration magazine, Join our the global immigration community. Hungarians make up almost 10 percent of Slovakia's 5.4 million citizens and are its largest ethnic minority. How to get the residence permit or Slovak citizenship in Slovakia by Investment . It is also one of the most discretely available scheme. 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. 175/1999 Coll. Neither me nor my spouse are Slovak citizens. Does Slovakia offer a route to residency and citizenship through an investor visa? What should change. 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. Another option is company registration and then submission of the documentation for a residence permit. Q: My children were born in Slovakia. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. 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. Become eligible to apply for Slovenian citizenship after maintaining your permanent residency for 5 years or more. Serving HNW clients since 2011. The country is the largest per capita car producer in the world. “Thank you for your excellent service. The Hungarian dual citizenship law concerns 3.5 million ethnic Hungarians living in nearby countries, mostly Romania and Slovakia. 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. 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. 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. Learn more about the Hungary Investor Visa here. Slovenian citizenship is assigned on the grounds of Article 12 of the Citizenship Law. Looking to obtain Hungarian residency and eventual citizenship by investment? 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. 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. ... Investor visa and citizenship by investment programme news. In all cases of dual citizenship, the Slovak citizenship is … What is 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. Major investors can also be granted residence permit or permanent residence permit directly for investment including all family members. Slovakia is famous for highest number of castles and caves anywhere in the world. Dual citizenship is allowed. It takes about 90 days to receive. Today we received our passports, a happy day. CITIZENSHIP program cost: €40 000. Slovakia has the most expensive citizenship by investment program (CIP) in the world. The Ministry of the Interior decides on every application for granting Slovak citizenship within a period of 24 months from its filing. Ideally, your business will hire at least one Slovenian worker, although that is not necessarily required, and can be done later on. The Comoros citizenship by investment program was established in 2001 in accordance with the Union of Comoros Constitution. This is a very discrete scheme is not widely known, for major investor. 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. An individual who was, till December 31st, 1992, a citizen of the Slovak Republic under Act No. Highly recommended people”. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. This means you can live, work and study in any of the 28 EU member countries with no restrictions. This scheme is known as Major Investor scheme, where investors can be naturalized for economic investment, who are of special interest to Slovakia. If approved in the parliament, the amendment may come into force in February 2021. 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. 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. Investors must also meet clean criminal record condition under this scheme. Some of the benefits of a Slovenian investment residency include: Exceptional quality of life in a highly central European location. 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. The above information is about how to obtain Slovakia Economic Citizenships 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 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). The scheme requires investors create 300 jobs but citizenship granted in public interest facilitated discretionary procedure. The Slovak Constitution in Chapter II establishes the fundamental rights to which citizens and permanent residents including their family members are entitled. 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. Citizens have visa free travel to 167 countries, including EU countries. 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 … on Acquisition and Loss of Citizenship of the Slovak Socialist Republic, became a citizen of the Slovak Republic also under the new Act No. Each country decides who can become a citizen of that country. Once your company is up and running, you can merely apply for a residency permit to run the company. A dynamic business investment that opens doors into Europe It is also a member of the Schengen. 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. This allows Slovak citizens to reside, legally work and do business in any EU country, including The United Kingdom, Germany, and France. Under ordinary naturalization in Slovakia, foreigners must have legally lived in Slovakia with residence permit for 8 years. Citizenship by investment provisions, similar to those of Austria, exist in the legislation of Slovakia, but there is no established practice. A handful of countries around the world offer citizenship to those who make substantial investments in their country, but it isn’t cheap. Related article FAQ: State citizenship of the Slovak Republic Read more . ... Slovakia (suspended) Croatia (suspended) Latvia (suspended) Hungary (suspended) All rights reserved. Slovakia has one of the most powerful travel documents in the world. So long as yo… Slovenia is an EU country and is part of the Schengen visa zone. 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. 40/1993 Coll. Citizenship of the Slovak Republic is granted in exceptional cases to persons who have made a huge contribution to the country’s economy. Answer: Slovakia does not have a direct citizenship by investment program. How to obtain citizenship of Slovakia for investment? Such checks may include, for example, examining bank statements or balance sheets. 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. 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. Criteria such as geographical location and type of sector invested in Slovakia determine financial grants. Get Citizenship By Descent in these 8 places 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. In Slovakia, there is no citizenship by investment program or residency by investment program. Slovak citizenship — is an affordable way to legally. 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. 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 also has the most expensive citizenship by investment scheme in the world starting from EUR 100 million. 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