Smart business: Tranio client buys home for his academic offspring and company
Dmitry, a Tranio client, has a business in Slovenia and children to educate. He tells us how, by buying a flat in Ljubljana, the country’s capital, he has overcome legislation regarding legal entity registration and found a safe city for his children to study in.
— So Dmitry, what made you look abroad for property?
— I wanted my children to have somewhere to live when they study, which will happen very soon.
— Why did you choose Slovenia and Ljubljana?
— I like
— How did you make this idea reality?
— It took me three months in all; from the moment I made the decision to closing the deal. Tranio was a great help: Inna Opalyuk, the sales manager for Slovenia, introduced me to two local partners. After a bit of correspondence with them, I came to Ljubljana and started visiting the properties in person.
— How many of them did you visit?
— About twenty
— How did you choose the property?
— The most important things for me were price and the location. While Ljubljana is small and everything is close there, I found a flat for a decent price near the university. I could buy a villa at the same price but outside the city.
— Tell us a little about the flat…
— I bought a flat in a building that was renovated in 2008, so it's in good condition. Though, I don’t have furniture yet which is not ideal, considering that in Europe everything is either expensive or very expensive!
— Was it difficult to do, considering that you are not an EU citizen?
— Well, I'm almost a Slovenian citizen. I have a Slovenian residence permit, having set up my own business in the country, so I didn't have any problems buying property. I registered the flat for business use because by law, foreign citizens who register a company in the country must provide proof that their businesses are actually running. I signed the sales contract, paid and then the property was recorded on the register online. The agency charged 3% of the sale price, the notary another €80; plus €40 for recording the property on the land registry. I should get the property title in a month.
"If you buy property in Slovenia, you can apply for
a two-yearresidence permit by registering a legal entity. After five years, the property’s registration can be transferred from the legal entity to an individual person."
— How are you going to use the flat when your children finish their studies?
— That is yet to decide but I think I'll rent it out. There are lots of students in Ljubljana, which means stable demand for rent as well.
Ivan Chepizhko, Tranio