Why to invest in Slovakia?

Many analysts believe that the properties in Slovak Republic currently offers excellent value for money. This country possesses a number of characteristics which make it a particularly attractive proposition. Below, we have compiled several of them:

-         Since its existence on January 1, 1993, as one of the successor states of the Czech and Slovak Federal Republic, Slovakia has a parliamentary democracy with autonomous legislature (parliament), executive (president and government) and judicial branches (incl. Constitutional court).

-         Slovakia is a member of the EU since May 2004

-         Slovakia is fully integrated into the European market. The business and legal environment is built around EU standards and the country is a member of the WTO and OSCD.

-         Slovakia implemented major structural reforms which help to reduce the gap in comparison with more developed EU countries. Slovakia’s gross domestic product (GDP) has been growing steadily, the real GDP growth was 5.1% in 2005.

-         The official currency in Slovakia is the Slovak Koruna. Slovakia expects to adopt the Euro between 2007-10.

-         The tax reforms (flat rate of 19%) and economic changes along with a highly skilled, educated and low cost labour force has made Slovakia an investor's paradise.

-         In regard of the properties there is no equivalent of the UK's stamp duty and there is no capital gains tax on residential properties after two years of ownership. After five years of ownership any rental property is also capital gains tax free.

-         Rental income is taxed at the 19% flat rate, however it is possible to deduct expenses, maintenance, property related costs, interest on any loans taken out to finance the property and even depreciation.

-         As of May 2004 there are no restrictions on foreigners purchasing property in Slovakia.

-         Foreign nationals from EU or from other countries can acquire real estate or land located inside the border of the built-up area of municipality directly, otherwise it is necessary to set up a company.

-         Foreign buyers can obtain a financial loan in Slovakia, but the interest rates might be more convenient in their native countries.

About Slovakia

This small country in Central Europe with only 5 million inhabitans is becoming ever more popular as a holiday destination. Blessed with some of the most spectacular landscapes in Europe, historical towns and cities, fairytale castles and manor houses, magnificient mountains, plains and rivers, beautiful caves, spa resorts with excellent recreational opportunities and a people both welcoming and open minded, Slovakia has something to offer for everyone.
Learn more about Slovakia, its history, economy, culture and people on the following sites:
http://slovakia.sk3000.com
http://www.slovakia.ir/english/index.htm
www.slovensko.com

Slovakia Photo Gallery Albums

http://slovakia.sk3000.com/albums.php

Our services
 

 1.     Real Estate Agency: to arange purchasing and selling of the best properties (such as apartments, houses, building plots,    commercial buildings and premise) on the market at the local price. Advertising, promotion and viewing of the properties.

 2.     Legal service: to advise you of your legal options and complete all legal work necessary to secure proper title deeds on           your behalf.

              3.     Management: once you have bought your home we will look
                after it and manage the property or to let the property and
                earn extra income while you are away from Slovakia.

               Reconstruction works: to advise you if you want to rebuilt your
               house or apartment by using of cheaper local sources
               like contractors or architects.
               Tel: +41 44 355 3013   Fax: +41 44 274 2029   info@ibaypro.com
                   Dr. Jan Dudas, +421 907 773 222
 

             4. Residenc Permit for self employed (business) residence and work permits 
                 This service is provided primarily to non-EU citizens.
                 Non EU citizens are required to apply for a residence permit
                 if they intend to live in    Slovakia for more than 90 days.
                 The aim of the service is to guide, assist and represent
                 an applicant for Slovakian residency
                  in any of its forms through the bureaucratic jungle.
                 This service is also for those who need to renew their residence permit.
                 self employed (business) residence and work permits