Slovakia Citizenship by Investment - Guide for 2021
Slovakia Citizenship by InvestmentUpdated on Tuesday 26th October 2021
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Slovakia is an appealing investment destination not only for entrepreneurs in Europe, but also for many outside the Old Continent. Starting a business in Slovakia is not complicated and the development opportunities are quite big considering the link with the European Union.
One of the most sought programs for immigration in Slovakia is the citizenship by investment program, however, this country does not have a scheme resembling those of other EU member states. Also known as the Slovakia Investment Visa, this type of residence permit enables foreign citizens to permanently live here.
Below, our lawyers in Slovakia explain how foreign citizens can move here and the minimum amount of money to invest in order to obtain permanent residency followed by citizenship. We are at your service for tailored immigration support.
Significant foreign investors in Slovakia
As mentioned earlier, Slovakia does not have a residency or citizenship by investment program, however, its Immigration Law through Act No. 175/1999 provides for the so-called significant foreign investors who can enter and settle themselves here by starting a business.
In order to obtain a Slovakia investment Visa, this type of investors is required to invest an important amount of money in a Slovak enterprise, however, they must also meet other requirements.
Here are the main aspects to consider when it comes to the Slovakia citizenship by investment scheme applicable to significant foreign investors:
- a minimum of 100 million euros which must be invested in the development of a company;
- the investment must also target the creation of at least 300 jobs;
- the investment must have a significant impact on Slovakia’s economy.
It should be noted that this type of investment can benefit from the regional aid offered by the country’s government. At the moment, this is one of the most advanced support schemes provided by an European country’s government. If you are interested in investing in Slovakia and apply for such an aid, our lawyers can provide detailed information on the programs developed by the authorities here.
Once the documents that prove the creation of the company and the investment, the investor will receive the Certificate of a Major Investment issued by the Ministry of the Interior.
Conditions to be met by applicants targeting Slovakia citizenship by investment
Foreign citizens who are interested in moving to Slovakia with the purpose of obtaining a Slovakia Investment Visa must meet certain requirements apart from the condition of injecting the above-mentioned amount of money.
Among these, they must submit their clean criminal records. This condition involves the following:
- the record must be filed by investors coming from their home countries;
- it must also be filed by citizens who have lived in other countries than their state of origin.
Foreign citizens, such as non-EU citizens who have relocated to Europe, are required to file a criminal record issued from the country they lived for more than 3 months in the past 3 years.
It should also be noted that this program is not limited to non-EU citizens only, as investors from EU countries are also entitled to relocate here and obtain significant foreign investor certificates.
Our law firm in Slovakia is at the service of foreign citizens who are interested in this program and can help them gather the needed documents.
Our lawyers can also help foreign citizens interested in obtaining a divorce in Slovakia.
How to apply for residency followed by citizenship by investment in Slovakia
Among the documents that need to be submitted when seeking to obtain Slovak citizenship by investment are valid passport, the clean criminal record, as well as proof of the investment to be made, alongside a business plan. Applications are assessed on a case-to-case basis by the Ministry of Interior and temporary residency can be obtained in the first stage.
As a general rules, permanent residence can be obtained after 5 years of living in Slovakia, while citizenship is available after 8 years. What should be noted when it comes to significant foreign investors, though, is that they are not required to live in the country for 8 continuous years in Slovakia or fluently speak Slovak in order to obtain citizenship.
Our Slovak lawyers can help you with the application for the Slovakia Investment Visa.
Facts on Slovakia and its investment programs
For those who want to relocate to Slovakia is useful to know that:
- 6 major investment certificates were issued between 2012 and 2017;
- immigration approval in the case of major foreign investors can take up to 2 years;
- with a Slovak passport, one can freely travel to no less than 181 countries.
If you are interested in Slovakia citizenship by investment and need assistance, our lawyers can help you. Do not hesitate to contact our Slovak law firm right away!