Slovakia is a country in Central Europe that offers many opportunities and benefits to those looking to do business and live there. The high standard of lifestyle and low prices compared to other EU countries make Slovakia the ideal country for those looking for good value for money.
Slovakia's taxation system is competitive in its form with European countries and this may lead to lower taxes for income, property and business for immigrants from third world countries. Slovakia is located a short drive from Vienna and it is a perfect place for those who want to live in a city with rich cultural foundations, developing infrastructure and lots of possibilities for trips. In addition, Slovakia is characterized by the security level with relatively low crime rates. These factors make Slovakia a profitable place for those who wish to invest and live in this country.
The investment program for obtaining permanent resident status (Trvalý pobyt) in Slovakia allows citizens of third party countries to obtain permanent resident status (Golden Visa) in Slovakia by investing in the country's economy.
The program was approved in accordance with Law No. 404/2011 and is intended for investors who wish to obtain permanent resident status in Slovakia for themselves and their families. According to the requirements of the law, investing in real estate in Slovakia can be a way to obtain Golden Visa status. In order to achieve this, you must make sure that the real estate in which you wish to invest meets the requirements of the program.
The investor must invest in the Slovakian economy an amount of at least 50,000 euros, but usually in order to receive a written recommendation from the Ministry of Finance to grant permanent residence to a citizen of a third country, who meets the affairs of the Slovak Republic, an investment of an average amount of 200,000 euros is required. This can be through purchasing real estate, opening a business or investing in projects that meet the program's requirements.
What gives permanent resident status (Trvalý pobyt)
Freedom of movement in Slovakia without restrictions
The right to work in Slovakia without the need for a work permit
The right to receive health care and social benefits
The right to study in higher education institutions in Slovakia
It is not necessary to live a minimum of 183 days a year in Slovakia
If you choose to implement the plan and purchase a real estate property, you must make sure that the property meets certain requirements such as:
The property must be in the territory of Slovakia
The property must be legal property and registered in the investor's name
The cost of the property must be a minimum of 50,000 euros
The property cannot be used for commercial purposes
To own real estate in Slovakia for 5 years from the moment of receiving permanent resident status
Selling the property within 5 years of becoming a permanent resident may result in the loss of the Golden Visa
When selling a real estate property in Slovakia, there may be an obligation to pay profit tax from the sale (capital gain tax), which is 19%. Also, it is important to take into account that there are certain requirements in connection with the sale of real estate in Slovakia, such as the need to transfer the ownership rights and carry out a legal procedure, so it is important to contact us in order to receive additional information and assistance in the process of selling the property
What is the Golden Visa process?
Property research; The first step is to find a property that meets Slovakia's investment program regulations to get a recommendation from the Ministry of Finance.
Contract signing and payment; After finding the right property, you must sign a purchase-sale contract and make a payment.
Legal support; To ensure the safety of ownership of the property, you will be accompanied by a lawyer who provides support and advice at all stages of the transaction.
Submitting documents to the Ministry of Finance; After purchasing the property, we will submit the required documents to the Ministry of Finance to receive a recommendation for permanent residency.
Reviewing the application; The Ministry of Finance will review the request within 90 days.
Obtaining permanent residency; If the recommendation is approved, you will send an application to the immigration police with the application for permanent residency and you and your family members will receive the status of permanent residents of Slovakia. A permanent resident card is usually valid for 5 years.
Our company, Rstate, is a real estate agency and immigration services equipped with a professional team that includes real estate experts, financial advisors and lawyers. We accompany the client in the search for the property that meets the standards of the government program and provide legal support in the purchase of the property. We help our clients in submitting all the required documents to the Ministry of Finance as well as in submitting the application for Golden Visa permanent residency after receiving the recommendation.
We at Rstate wish you much success in making decisions - we are here for any question.