Are you a foreigner interested in purchasing real estate in Slovenia? Understanding the regulations and procedures is crucial for a smooth transaction. In this guide, we’ll walk you through the process step by step.
- Understanding the Legal Framework
The acquisition of real estate by foreigners in Slovenia is governed by Article 68 of the Constitution, which outlines the conditions under which
foreigners can obtain property rights. These conditions are prescribed by law or international treaties ratified by the National Assembly.
- Eligibility Criteria
Foreigners fall into two categories based on their eligibility for real estate acquisition without reciprocity determination:
- Citizens and corporate entities from EU, OECD, and EFTA member states, as well as individuals with Slovenian lineage.
- Foreigners from former Yugoslav republics meeting specific criteria.
For those requiring reciprocity determination, this includes citizens and corporate entities from EU candidate countries, such as the Republic
of North Macedonia, Republic of Serbia, Montenegro, and Republic of Albania.
- Requirementsfor Foreign Companies
Before acquiring real estate, foreign companies must register with the tax authorities and obtain a tax number. Additionally, they need an
identification number obtained through registration with the Business Register of Slovenia.
- Proceduresfor Foreign Individuals
Foreign individuals without residency in Slovenia but owning taxable real estate must register in the tax register and obtain a personal
identification number (EMŠO).
- Legal Safeguards
All real estate transactions must be conducted in writing, with notarial deeds offering the highest level of security. Notaries oversee the r
egistration of property rights in the land registry upon completion of the transaction.
- Ineligibility for Property Rights
Certain individuals and entities, including those from countries not covered by the eligibility criteria, are ineligible for property rights acquisition, except
through inheritance.
Conclusion
Navigating the process of acquiring real estate in Slovenia as a foreigner can seem daunting, but with the right knowledge and guidance, it can be a straightforward endeavor. By adhering to the legal requirements and understanding the procedures involved, you can successfully purchase real
estate in Slovenia. For personalized assistance and expert advice, consult with legal professionals specializing in real estate transactions for foreigners.