Public sentiment in Europe is shifting in favour of greater immigration control, making now perhaps the only time you’ll be able to get a Plan B in place affordably…
Or at all.
Slovenia is one of the world’s most vastly underrated countries, both in terms of sheer quality of life and its merits as a host jurisdiction for EU residency.
While Slovenia doesn’t have a Golden Visa program per se, you do have the option of obtaining Slovenian residency by making an eligible business investment with a property component. This option is increasingly becoming more popular among South African families and businesses, as the cost of the investment component required can be up to 6o% less than the cost of a regular Golden Visa investment. Eligible investments in Slovenia start from €100,000, compared to the €350,000 to €500,000 required for countries such as Portugal and Spain).
Some of the benefits of a Slovenian investment residency include:
A dynamic business investment that opens doors into Europe
Visa free travel to and within the European Union
Unparalleled quality of life in a highly central European location.
Become eligible to apply for Slovenian citizenship after maintaining your permanent residency for 5 years or more.
GENERAL: Slovenia is a highly developed country enjoying prosperity and stability within the European Union. It enjoyed a GDP capita by purchase power parity at 83% of the EU28 average by as early as 2014, which remained unchanged during 2015 an actually climbed by 2% from the 2013 average.
The country boasts well developed infrastructure, a highly educated workforce, and an ideal location from a trade route and cultural diversity perspective. Its historic levels of foreign direct investment has historically been one of the lowest in Europe, but has been growing steadily in recent years.
EMPLOYMENT: Almost 66% of the country’s population is employed in the services industries, with around 35% of the workforce being employed in the industrial sector, and 2.2% working in agriculture. Employment, as of 2017, is at around 7%.
LOCATION: Situated on the Adriatic Sea, the Republic of Slovenia is situated in the southern part of Central Europe. The country is also classified as forming part of Southern and Eastern Europe. Slovenia is centrally situated, bordered by Austria to the north, Italy to the west, Croatia to the the south and southeast, the Adriatic Sea to the Southwest and Hungary to the northeast.
POPULATION: As of September 2017, the country has a population of 2.06 million people, and covers an area of over 20,000 square kilometres.
POLITICS: The country is a parliamentary republic, with a multi-party system. The head of the Slovenian state is a president, who is elected by popular vote. The country’s executive and administrative functions are fulfilled by the Government of Slovenia, headed up by a Prime Minister. Legislative authority is held by a bicameral Parliament.
The judiciary is independent of the other 3 constitutional branches. Judges enjoy a permanent mandate, and are appointed by the National Assembly. Slovenia is a member of the UN, EU as well as NATO. The country’s largest city and capital is Ljublijana.
ETHNICITY: Ethnicity wise, the country consists of 83% Slovenes, 2% Croats, 2% Serbs, 1% Bosniaks, with the remaining 12% of the population consisting of a mix of foreign and European nationalities.
RELIGION: In terms of religious denominations, Catholicism dominates, with approximately 57% of the country following this faith. Protestantism, Islam, Judaism, Hinduism and Eastern Orthodoxy are all small minorities. With over 10% of the population self-identifying as non-religious or agnostic.
GDP: As of 2017, the country’s estimated GDP is around $69.350 billion, placing it at position 97 globally. The per capita GDP is around $21,060.
CURRENCY: Being a member state of the European Union, the country’s currency is the Euro (€).
KEY INDUSTRIES: Key industries include ferrous metallurgy, aluminium products, zinc and lead smelting, military and consumer electronics, as well as the production of trucks, automobiles, chemicals, wooden products, textile as well as machinery.
TRADE: Slovenia’s key trade partners include Germany, Austria, Italy, France and a number of other EU countries.
QUALITY OF LIFE: What is the quality of life like in Slovenia? Formed in 1948, The Organisation for Economic Co-operation and Development, publishes the OECD Better Life Index. The index offers a scientifically sound perspective on the relative quality of life in over 360 countries and territories. Slovenia performs will in a number of measures informing the Better Life Index.
The country scores above average in terms of education and skills levels, as well as work life balance, environmental quality and personal security. In terms of income levels, civic engagement and subjective wellbeing, it scores somewhat below the index average.
While the overall OECD average is around US$ 29,000 per year, the Slovenian per capita GDP is around US $19,100, with a considerable gap between the country’s richest and poorest income earners. The top 20% of earners take home almost 4x as much as the lowest earners.
In terms of employment, around 64% of citizens aged 15 to 64 have a paid job. Around 86% of adults aged 25 to 64 have completed some form of upper secondary schooling or education.
The country’s average life expectancy is around 80 years at birth. The country scores above average in terms of air quality, and its water quality is substantially better than the OECD average of 81%. Perhaps surprisingly, given the above, Slovenians rate their overall general satisfaction at around 5.7 out of 10, compared to the OECD average of 6.5 out of 10.
In terms of housing quality, Slovenia scores a 6.1 out of 10. It scores 7.7 for education, 6.5 for jobs, 7.2 for health, 7.4 for work-life balance, and a whopping 9.4 out of 10 for personal safety. The country scores 7 out of 10 for healthcare, 8 for business freedom, and 8 for tolerance.
To find out more about the OECD Better Life index and the quality of life in Slovenia, click here.
JOB OPPORTUNITIES: The following sites lists scores of professional jobs in Slovenia:
CLIMATE: Situated in the heart of Central Europe, Slovenia’s weather is distinctly continental – summers are warm, winters are cold, but with a pleasantly sub-Mediterranean climate along its coastal reaches. The average highs are around 21 degree Celsius in July, dropping to around -2 degrees Celsius in January. The country receives an average rainfall of around 1000mm per year around the coast, with up to 3500mm in the country’s alpine areas. Unsurprisingly, Slovenia is also one of the greenest countries in Europe.
For the latest weather forecast for Slovenia’s capital, Ljubljana, click here: ACCUWEATHER
Slovenia does not have a formal Golden Visa program. Instead, they offer you the option to apply for residency by making an eligible business investment.
While a Slovenian business investment based residency costs a fraction of the investment requirement of other EU Golden Visa programs, you will still need to make an eligible investment of at least €100,000 and generally more for family applications – unless you or your spouse are EU passport holders.
The total fees associated with an EU residency application amount to €32,000 for SA passport holders, and to €24,000 for the family of EU nationals.
You will need to travel to Europe for your application, and most likely also to collect your EU ID cards.
Demand for this program is very high, and our annual intake volumes are limited.
The application process typically takes around 4 months for the primary applicant, so if you have a fixed timeline requiring residency, starting sooner rather than later is advisable.
Worldwide, emigration legislation changes over time. Applying for EU residency while legislation still allows it with ease is advisable.
Headquartered in Cape Town’s V&A Watefront, you can come visit us, or we can come meet with you up-country
We have more than 10 years’ experience facilitating residency and citizenship applications for South Africans in Europe
Our EU presence and deep understanding of Slovenia’s bureaucratic requirements has enabled over 100 South African families to put a Plan B in place – simply and affordably.
Our approach is distinctly hands-on, and we will accompany you to Slovenia to ensure the process is fast and seamless.
Unlike with most other business emigration solutions, our proprietary Slovenia Residency Solution allows you to stay in South Africa – you don’t need to relocate to Europe to obtain Permanent Residency (PR) rights.
Bespoke service: We create tailor-made solutions to meet your exact needs, whether you wish to go live abroad, or simply want to gain a foothold in Europe and travel visa free.
Our key area of expertise is second residencies, but we are well versed in most of the key areas pertaining to EU emigration.
A simple process: Our simple 7-step process paves the way towards EU or US Residency for your family.
Success rate: We are very proud of our 100% success rate, and we are can finalise your EU residency application within 4 months or less.
Contact us now for more information – you’ve earned it.