Buying a Property in Slovenia

Slovenia is a small and diverse country but still offers a lot of real estate and land for sale. If you are one of those who wish to buy a house or apartment to live in a safe country, Slovenia is the right place for you.

Secondly, Slovenia has an advantageous geostrategic position. It is located at the crossroads of main European cultural and trade routes. That`s why the location of Slovenia is a strategic advantage. From the capital, Ljubljana, you need about an hour drive to all neighboring countries – Italy, Austria, Croatia and Hungary.

In Slovenia, you can find almost everything – mountains, lakes, caves, wild rivers, beautifully clean cities, castles and even the sea. You will enjoy the life in Slovenia if you love nature and clean air.

In addition, Slovenia can boast with delicious food, first class wine and beer. Slovenian culinary is diverse, the selection is large. You can get fresh local ingredients from the local farmers in every market.

Health care in Slovenia is available to all citizens and registered long-term residents. Medical staff is extremely well trained. Private health care is also available in Slovenia. All citizens are entitled by law to equal access to health care.

Basic education is mandatory and free also for all other under-age foreign citizens residing in Slovenia and children without citizenship. You can bring your children and arrange a family life in Slovenia!
For the majority of foreigners, the Slovenian language is difficult and incomprehensible, but the inhabitants of Slovenia speak a large number of other languages. That is why it will be easy for you to start a life in Slovenia and adapt quicly. English is widely spoken, in the eastern part of the country also German and in the western part the Italian language. Younger generations also speak some other world languages: Russian, French, Spanish, all Slovenes also can explain themselves in Croatian, Serbian or Bosnian.

Slovenia is an attractive country for doing business
Foreign citizens have the right to create or transfer their business to Slovenia. When registering a business in Slovenia, the people employed in the company have the right to obtain a single work and residence permit in Slovenia. After obtaining the status in Slovenia, you can reunite your family in Slovenia.
Slovenia is an attractive destination for doing business because it is an EU member state and located in the Schengen zone. Therefore, to do business in Slovenia it is easier and faster. The official currency in Slovenia is Euro, as in all Eurozone.

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Since February 2013, foreigners were able to buy properties in Slovenia on a reciprocal basis, following the reciprocity principle verified by the Ministry of Justice, based on the Law of Reciprocity. A non-EU citizen who wants to buy a property in Slovenia needs to apply for the establishment of reciprocity to the Ministry of Justice, with a series of documents. Some of the most important documents are the following: a notarized copy of the passport, a statement of the purpose of purchasing the respective property and a document that contains details of the property, issued by the Surveying and Mapping Authority In addition, an administrative fee is charged.

The first step one must take in order to buy a property in Slovenia is to obtain a TAX number and an EMSO number from the local authority where the property is based. It usually takes approximately three days. The second step is to hire a real estate agent. Even if the buyer has decided on what property to buy, it is advisable to use the services of a real estate company or of a real estate agent. In Slovenia the status of the real estate agents is regulated by the law, they must be licensed and registered so you can rest assure that the services are delivered in a professional manner.

Once a real estate agent has been hired, the agent will be in charge of contacting the seller and present the buyer’s offer. At the moment when the offer is accepted by the buyer, the next step is to draft the sale-purchase contract. it is important to know that there is a 10 percentage deposit that needs to be created upon signing. Title search in Slovenia When buying a property, it will also be necessary to perform a title search. As the Land Registry has a modernized system and the Slovenian due diligence is performed rapidly, this step can take up to two working days. It can be made directly by the buyer or with the real estate agent’s help. However, the buyer has to translate all the documents in order to avoid future problems.

The final step of buying a property in Slovenia lies in the attributions of the real estate agent that needs to prepare a copy of the land registry entry, a community confirmation proving that no communal rights have been claimed against the property and an official evaluation in order to correctly pay the taxes. After all the documents have been gathered, the buyer needs to make the final payment to the seller. The whole procedure of buying a property in Slovenia can take between 95 days and 124 days.

The procedure of purchasing a property in Slovenia includes a set of taxes, which have to be paid both by the seller and the buyer. One of the most important tax is the transfer tax, imposed at a fixed rate of 2% on the value of the transaction. This type of tax is paid only by the person selling the property. However, when discussing on the payment of the value added tax (VAT), another type of tax applicable to the sale of a property, both the seller and buyer will be liable; the tax is imposed at the standard rate of 22%. Another type of tax is the registration fee, for which both the seller and buyer are liable. The registration fee is imposed on a progressive base and it can vary between 0.01% and 0.50% from the value of the property. The buyer is responsible for the payment of the notary fees, applied at a value ranging from 0.01% to 0.40% from the value of the transaction.