Slovakia is an attractive country for international investors seeking residency options. The residency Slovakia offers provides access to the Schengen Area, easy travel within Europe, and a low cost of living. Slovakia's central location is also appealing, as it is within driving distance of multiple countries. In addition, Slovakia provides a number of incentives for businesses, including grants and tax breaks. As a result, Slovakia is an appealing option for those looking to invest in Europe. At the moment there is only 1 mobility pathway for investors to move to Slovakia.
The Slovakia self employed visa also requires that you have a specific amount of money in your bank account. This varies depending on the length of your stay, but it's generally around $5,000. Finally, you'll need to show proof of health insurance. Once you have all of that, you can apply for the Slovakia self employed visa. It's a bit of a process, but it's worth it if you want to live and work in Slovakia.
If you are granted a Slovakia Temporary Residence Business Visa, you will be able to work and live in Slovakia (self employed). After your visa expires, you will need to apply for a new visa if you wish to stay in Slovakia.
According to the SovSpot Passport Ranking Index, the Slovakian passport is presently ranked 10th. It allows people to travel to 187 countries without needing a visa. Slovakian passport holders receive visa-free access and visas on arrival to places such as the United Kingdom, United Arab Emirates, Japan, and the entire European Union, thanks to its high mobility score. This enables for almost instantaneous travel opportunities all around the world. Slovakian passport holders, on the other hand, need a visa to visit roughly 42 countries around the world. China, India, and Australia are among the countries that require a visa.
The number of countries Slovakia passport holders can enter without a visa (i.e. visa-free countries) and those Slovakia passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Slovakia passport ranking relative to other global passports (eTA). There are now 140 visa-free countries for Slovakia passport holders, 37 visa-on-arrival countries for Slovakia passport holders, and 10 eTA destinations. Slovakia passport holders can visit a total of 187 countries without a visa, via a visa on arrival, or using an eTA. As a result, Slovakia's passport is ranked number ten in the world. Apart from the visa-free and visa-on-arrival countries, Slovakia passport holders must get a physical visa or an eVisa to visit 42 more countries (i.e. visa required countries).
Slovakia allowed citizenship by descent till the second generation until recently. However, a subsequent change to the nationality law in 2021 made it possible for third-generation descendants of former Slovak and Czechoslovak nationals to petition for citizenship. This means that if you have a parent, grandparent, or great-grandparent who was a citizen of Slovakia, you are eligible to apply for citizenship.
Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:
* In the case of first generation citizenship by descent, we assumed ONLY administration costs, which will be around $100 or less (usually free if application is done in the same country versus foreign embassy or consulate)
A new interpretation from the Spanish Ministry of Justice confirms that all people born outside of Spain, children or grandchildren of people who originally had
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