Electronic Signature Licitness for Real Estate in European Union: Simplify Document Signing Process

How to eSign a document: electronic signature licitness for Real Estate in European Union

welcome back everyone michael here with offshore citizen today i'm going to discuss with you a little known residency option by real estate investment in the eu a lot of the times we've talked previously about golden visa programs in places like portugal spain well sort of cypress greece latvia etc and these are fine but they're 250 000 euros plus depending on what it is that you're talking about and today i'm going to talk about one that is i mean the investment can be in theory as little as 50 000 euros there's a bunch of other fees so you know you end up at quite a bit higher than that in terms of the actual capital that you uh you tie up but certainly under 100 000 all in and so for people who want to make a real estate investment and get a residency permit in the eu this can be a great option for people it's a little bit slower than some of the options although to be fair a lot of these investment options are slow but it might be might be the right option for you it's one of two fairly decent programs that we have in this particular country so we're going to dive in and talk about that country which is the country of slovenia i've done a video previously about how to obtain four percent tax in slovenia under a hundred thousand euros granted there are some things with the socials although they aren't as bad as some people think and we've talked about that a little bit in the comments on some of our previous videos so anyway you can go back and look at that anyway if you haven't already before we get started please hit the subscribe button nail the notification bell make sure you don't miss out on any of our future videos if you'd like help with figuring out where to relocate abroad what the best strategy is optimizing your taxes either for yourself personally or for your business we help you with both setting doing the analysis and figuring it out and developing the strategy as well as implementing it so you can book a call with me calendly.com forward such michael dash rosman there's a link in the description below or send a message through our websites offshorecitizen.net or offshorecapitalist.com okay here we go so slovenia is this country where we can get as i mentioned a real estate investment now it doesn't have to be a real estate investment so we're going to go through how this works essentially this is a business investment okay and what you can do is you can form your own company uh we go through and we help you with the whole process so you know there's a variety of free reason uh power of attorney costs et cetera involved but you can do that most of this actually remotely by a power of attorney where you can go and you can set up the company you do have to inject 7 500 euros of paid up share capital into the company you can use that to pay wages or whatever business expenses afterwards so that's something that can be done and then from there in order to qualify you have to invest a minimum of 50 000 euros into your company now the interesting thing is when you design the company such that it's a real estate investing company then assist in taking that 50 000 euros purchasing a property obtaining a renter getting some rental income and on the basis of that investment then applying and getting a residency permit so what does this require all right well as i mentioned you need to put up in this example we're talking about let's call it around 60 000 euros that you're going to inject into your company so you're going to call that your investment in addition to you know a bunch of fees that you're going to pay to like i said form the company and get the residency permits and pay all the government fees and pay the legal fees and on and on right so you do have some cost there however this being said i mean slovenia is a fantastic country in terms of the quality passport that you're working towards it's a beautiful country it's the cleanest country in the eu it's one that is quite safe it gives you access to the shane gun zone therefore you can turn around you can do business around the eu as well i mean you can do business in general and so for some people might be a really attractive way to go if you're not at the point where you want to invest you know the 250 000 plus euros that you would typically have to invest in golden visa programs there this does come with the requirement of actually spending six months a year technically in slovenia although in reality you can get away with it being in the shane gun zone so you do have to tie yourself there it's not like in the case of something like portugal where you can do a golden visa and you can spend very little time but for a lot of people they want to move into the shane gun zone anyway you can of course do family reunification and add your family members into this so there's a little bit of extra procedure but that's not too bad you can set this up the process is pretty slow especially in the last year and a half as things have been kind of more restricted you're talking about in order to go through the first part of the procedure about two weeks i would say then this is after you get together the paperwork etc there are some new requirements that have come in that require a bunch of apostille documents so that's a little bit annoying you're gonna need a copy of your passport and proof of address and some other documents that you're going to go through so you have to get that and like i said the fact that you need notarized ipo steel documents a little bit more of a hassle so that's something once you've got it set up then you can make the investment making the investment obviously depending on you know how long it takes to find an appropriate property for you again actually this doesn't have to be invested in a property you could invest it you know in some other form and still get the visa but property is one that people like quite a bit just because the fact that it's kind of predictable and so on and so forth so that's something to be aware of there are some nuances about certain properties in slovenia that uh they're not they weren't uh they weren't approved properties so there is some something to play around with there and be aware of anyway so we can go with that uh then you have to go and you have to get the residency permit the residency permit in theory is supposed to take two months in practice it's taking more like four to six months so this whole procedure generally is not very fast i would say that you're talking about six to nine months in most cases before you are fully approved however you know of course you have some functionality along the way so that's useful you're not in a situation where you really need to uh wait that full nine months before you can take advantage of it so anyway i hope that helps it gives a little bit of context of a country that some people aren't so aware of and an investment option which is quite a bit lower than a lot of the other options in order to be able to get into the eu and start to establish yourself there like i said it's a great passport if you can get it it does take like about 10 years before you can actually get it but in the meantime you know you have access to the country you have access to the eu to the schengen zone wages are actually quite high like it's slovenia is actually a pretty prosperous country probably more like austria than it is like say croatia serbia as a former yugoslavian former part of yugoslavia and so yeah might be might be of interest to you if you'd like help with that or with any other program where you'd like to figure out what is best for you again please reach out to me you can book a call commonwealthy.com forward michael dash roswell if you liked the video please give it a thumbs up share share with your friends really helps me helps us grow the channel and i'm going gonna look forward to seeing you guys on the next video