The cost of a residence permit in Slovakia
You have already decided to immigrate to Slovakia, and now a logical question arises – how much does the whole process of obtaining a residence permit for you and your family members cost? In this article we will tell you in detail:
- What does the cost of residence permit in Slovakia consist of?
- How much do I have to pay to the accompanying company for services?
- What are the additional mandatory payments?
- Do I have to pay all at once or in stages?
- How much money should I have on my bank account?
- What is more profitable and safer: to do the paperwork on your own or to trust a specialized company?
We have already helped hundreds of people to move to Slovakia and start their business in the European Union. Slovakia Garant will be your reliable support in all processes.
When searching for such information, it is very difficult for a person to figure out how much the entire process of obtaining a residence permit will cost. On the websites of some consulting companies that provide services for obtaining a residence permit, you can find different price tags. This is due to the fact that the set of services may be different, someone does not show all the required additional fees to lower the total amount, etc.
To understand this issue, we look at calculating the cost of residence permit on the example when a client would have turned to our company Slovakia Garant.
Consider the most common example, when the residence permit receives a father as an entrepreneur, as well as his wife and child under the age of 18 years for family reunification. In this case, the details of the cost of obtaining a residence permit are as follows:
| Support of processes for obtaining a residence permit on the basis of entrepreneurial activity | Priсe |
|---|---|
|
Consulting company services - First residence permit: entrepreneurial activity |
2600€ |
|
Confirmation of permanent residence in Slovakia for one person for one year (our client) |
600€ |
|
Court translation into Slovak from Russian / Ukrainian, per normo-page (1800 characters, including spaces) |
30€ |
|
Notary services. Notarization of signatures on a number of documents. |
25€ |
|
Opening a personal bank account |
250€ |
|
Registration as an individual entrepreneur (živnosť) |
560€ |
|
Providing a legal address for 1 year (Stare Mesto city centre, address Michalska 9, Bratislava) |
340€ |
|
State fee at the Foreign Police Department |
260€ |
|
Special medical examination for foreigners after receiving residence permit cards. |
185€ |
|
Registration of state insurance |
Free |
|
Advice on renting/buying a home |
Free |
|
Advice on preparing for a mortgage |
Free |
|
First consultation with an accountant |
Free |
|
Total: |
4850€ |
| Residence permit on the basis of family reunification for the spouse | Priсe |
|---|---|
|
Consulting company services - First residence permit: spouse reunification |
900€ |
|
Confirmation of permanent residence in Slovakia for one person for one year (our client) |
600€ |
|
Court translation into Slovak from Russian / Ukrainian, per normo-page (1800 characters, including spaces) |
30€ |
|
Notary services. Notarization of signatures on a number of documents. |
25€ |
|
State fee at the foreign police department |
140€ |
|
Special medical examination for foreigners after receiving residence permit cards. |
185€ |
|
To obtain AXA commercial insurance for a company director, spouses and children on reunification. You can arrange your AXA insurance online by following this link |
Free |
|
Counseling on adaptation, job search, language courses |
Free |
|
Total: |
1880€ |
| Residence permit on the basis of family reunification for a child under the age of 18 | Priсe |
|---|---|
|
Consulting company services - First residence permit: reunification for a child |
600€ |
|
Confirmation of permanent residence in Slovakia for one person for one year (our client) |
600€ |
|
Court translation into Slovak from Russian / Ukrainian, per normo-page (1800 characters, including spaces) |
30€ |
|
Notary services. Notarization of signatures on a number of documents. |
25€ |
|
State fee at the foreign police department |
8€ |
|
Special medical examination for foreigners after receiving residence permit cards. |
146€ |
|
Registration of state insurance |
Free |
|
Consultation on the adaptation of children, schools and kindergartens |
Free |
|
Total: |
1409€ |
The price of the services for which the client pays our company is indicated in the top line of each table. This price includes: consultations and elaboration of a detailed action plan, collection and translation of all documents, communication on behalf of the client with all state authorities, coordination of the client’s arrival to Slovakia, accompaniment to all institutions “by hand”, responsibility for the final result. In case of refusal to grant a residence permit to our client, our company guarantees a 100% refund of our services. Read more about it here. The remaining costs in the table are paid to third parties in the process of obtaining a residence permit. You have to pay these fees yourself. We just at the right time will tell you where and how much to pay.
Thus, the total budget for obtaining a residence permit for a family of 3 people will be:
€4850 + €1880 + €1409 = €8139
This price does not include the cost of flight, lodging, and meals for the duration of the paperwork. Since 95% of all processes we will do on our own, you will only need to come to the police to apply for a residence permit for a few days. This greatly reduces your living expenses when you do all the paperwork yourself.
The total price may also vary depending on whether or not you can do something yourself. For example, the client may have already rented or bought a property, and he can independently provide proof of residence in Slovakia. Thus, it is possible to save 500 euro for each person on registration. In our example we consider the situation when all processes and concerns are taken care of by our company.
If you have a different family composition, you can easily calculate the cost of the entire process for yourself based on this information. You can also use a special calculator of residence permit in Slovakia. For free consultation and individual calculation of the cost of residence permit for your family, please contact our manager on the contacts at the top of the site, or click the button below.
How much money should I have in my bank account?
According to the law on the status of foreigners in Slovakia, when applying for a residence permit, you must provide bank statements on the availability of funds to confirm the financial security. It is better to open an account directly in a Slovak bank. We provide this service for our clients, including. Funds from the account are not spent anywhere. You can use them in full amount at your own discretion after you receive your residence card in Slovakia. The statutory minimum amounts are tied to the minimum living wage in the SR, which changes every year on July 01.
As of July 1, 2022, the monthly living wage in Slovakia will be 234,42 EUR. Assuming that we ask for a residence permit for at least 12 months, this means that the amount in the account must be at least 234.42 x 12 months = 2813.04 euros. Rounded up – 2,850 euros.
To ensure entrepreneurial activity, as a sole proprietorship, on the second personal account an amount equal to 20 living wages, for the director of the company an amount equal to 100 living wages on the company account.
Thus, as of now, a family of 3 needs to have:
In the company account of the Guarantor:
From 4688.40 euros – in case of registration of a sole proprietorship (živnosť) or
23442.00 euros – in case of registration of a company (s.r.o.)
On the personal account of the Guarantor:
2,813.04 euros – for the Guarantor,
2,813.04 euros – for the spouse,
EUR 1,406.52 – for a child under the age of 18.
In our case of 3 people, when the Guarantor is self-employed, the bank accounts need to have:
4688.40 + 2813.04 + 2813.04 + 1406.52 = 11721.00 euros
It should be noted that these are the minimum amounts needed. We recommend that you always have at least 10% more. As the account will be deducted from the automatic account maintenance fee by the bank. It can be very annoying when the Alien Police refuses to issue a residence permit because the account is 10 euros short of the legal limit, when the police check the accounts.
Do I have to pay all at once?
In case of cooperation with our company – no. At the first stage client pays only for registration of IE, legal address and residence registration in Slovakia. We start all the processes, collect the whole package of documents. Only after all documents are collected client pays 50% of the company fee and the state duty to the police. After 3 months, if the decision to issue a residence permit, the client pays the remaining 50% of the company’s services and the cost of the medical commission, which must be taken after you receive a residence permit. The money in the accounts will need to be put before submitting documents to the police. Fully withdraw them or spend it directly from the account is better after obtaining a residence permit cards.
Thus the budget cost of a residence permit in Slovakia is paid gradually throughout the process of registration. With our company the client pays in full already after the decision to issue a residence permit.
Is it possible to do everything yourself?
Is it possible to do everything withCertainly, yes. No one will forbid you to deal with the issue of obtaining a residence permit on your own. There are a lot of materials on the Internet on this subject. On our youtube-channel, we also detail each stage of registration of a residence permit. But you need to consider the following factors:
- Without experience in this area it is impossible to foresee many of the pitfalls;
- You need to spend a lot of time and additional costs associated with self-solving all the issues on the spot;
- The language barrier will not allow solving a number of issues independently without the help of an interpreter;
- Maximizes the chance of a mistake, which can lead to rejection of a residence permit;
- In the case of denial no one will not refund you even part of the cost of registration. In this scenario, the most unfortunate thing is not the money, but the wasted time and effort.
How to do it right?
The surest way to do everything right is to apply for help in processing a residence permit to a reliable consulting company. When choosing a company, it is important to consider:
- Presence of a legal entity; You can check this by the name of the company in the Slovak Trade Registry.
- How long does the company exist on the market? What experience does it have?
- Does it have an office where you can come and talk to managers and management in person?
- Availability of real reviews on independent resources, for example, in the company’s Google or Facebook profile;
- The reputation, publicity and openness of the company. The more public the company is, leading its YouTube channel, groups on facebook and instagram, the more it has something to lose. In the case of a dispute with a client, the company will do everything possible to resolve the issue positively for the client and will not risk their reputation to save a few thousand euros.
The main value of the service of support for obtaining a residence permit in Slovakia from the consulting company is that the immigrant receives a guarantee of a positive result, and that all the subtleties and details will be respected. In this case, the personal presence of the client is reduced to a minimum, all the processes and tasks are performed by the company. This enormously saves time and money in the case of independent collection of documents. While the company is engaged in the collection of documents, the client can continue to do their business or work in their position in their country.
Deal with the registration of residence permits themselves or trust a professional company, each person decides for himself. If you have time, resources and a strong nervous system, you can do everything yourself. This will bring a great experience to your piggy bank. If the factors of guarantee, time and peace of mind for the result are important to you, we recommend turning to professionals.
