Investment Paradise

• Foreign direct investment (FDI) has grown from US$ 2 billion to US$ 28 billion since 1999.

• Main reasons for Slovakia's success in attracting foreign investment are investor-friendly business environment; strategic location in the heart of Europe, giving access to European, as well as Ukrainian, Russian and eastern markets; political stability; a well educated, highly skilled and multilingual labour force and low labour costs.

• Main foreign investors are Germany, Austria, Netherlands, US, UK, Czech Republic, Italy; particularly in the manufacturing (automotive) and electronics, financial services, communication, precision engineering, and utilities.

• Investor confidence is extremely high. Over 83% of the current foreign investors in Slovakia have further expansion plans in the country.

• Many other companies are ready to follow suit, expanding or transferring their Central European operations to Slovakia.

• As a latest example, Hyundai chose Slovakia over Poland for its European production base, following the success of the already established Volkswagen and Peugeot-Citroen. Slovakia in 2006 had the highest per capita car production level of any country in the world.

• No property taxes on apartments, land, or any buildings !!

Economic Success

Many observers consider the Slovak Republic to be the most attractive investment destination in the region. It is the fastest growing and most dynamic economy in Central Europe.The recent radical and aggressive reform process covering areas of tax, the labour market, healthcare, the pension system, and public spending has been highly praised by international institutions and investors. Of particular importance is the new flat tax rate of 19% for both individuals and corporations.

Responsible government successfully maintained fiscal balance and the budget and current account deficits were reduced significantly. The budget deficit was reduced from 7.2% to 3.6% in just two years, and is expected to be further reduction to 2.9% by 2009.

Can a foreign citizen buy in Slovakia?

Yes, as opposed to most of the other new EU member states, Slovakia lifted all restrictions on property acquisition on 1 May 2004 (only exception is purchase of forest and agricultural land). All foreign nationals can acquire real estate or land in Slovakia directly, without having to set up a company and have a local legal signatory.

Can I obtain finance in Slovakia?

Yes, we can help you arrange finance in Slovakia. The minimum amount of equity required is generally 20-25% of the purchase price. Alternatively, you can use the equity in your existing property or arrange a loan in the UK or USA.

What are your fees and other acquisition cost?

Our fees vary according to the complexity of each opportunity. We will always disclose the exact amount of our fee (covering our commission and research) on each deal. No surprises or hidden costs. Other costs will be a (non refundable) reservation fee – generally €4.200; a deposit of 20-25% with the balance due on completion; legal fees and finance fees. Slovak lenders charge a 0.3%-0.8% arrangement fee.

S.C.G. Real Estate Investments, Ltd.

Central Business Distric (CBD)
Prievozská 2/A
821 09 Bratislava
Slovak Republic

+421908270577

info@BratislavaFlats.com