The Bulgarian Immigrant Investor Program (BGIIP) is based on the Canadian immigrant investor model and has been in operation since June 2009. The program successfully allows high net worth individuals and their families to obtain Bulgarian permanent residence status with all the advantages of a European Union permanent residence. Furthermore, the main applicant and his or her family members are granted physical exemption during the 5-year residency period. This means that they can live, work, or study anywhere and still maintain their permanent residency status as long as the investment is kept in Bulgaria.
In order to qualify for this program, the applicant should prove that he or she holds sufficient funds to support his or her application. This fund must be obtained legally and not be under any kind of criminal investigation.
After 5 years of permanent residency (without the need of physical residence), the applicant may apply for a Bulgarian citizenship and passport. For more flexibility and convenience, there are two options available for qualified investors to participate in this program.
For the first option, Full Investment, the applicant must purchase 511,292 Euros in government bonds under his name for 5 years. At the end of the 5th year, the amount of 511,292 Euros is refunded to the applicant without accrued interest. The investment is fully guaranteed and secured by the Bulgarian Government.
For the second option, Financed Investment (otherwise known as "walk away" option), the applicant obtains a loan from a chartered Bulgarian bank to purchase 511,292 Euros in government bonds un- der his name for 5 years. The loan cost for five years is 195,000 Euros, which goes towards the interest, bank fees, and transactions. The amount of 195,000 Euros is not refunded to the applicant at the end of the 5th year and the lending bank collects the government bonds to pay back its initial capital.
Investors holding permanent residency for a minimum of one year may apply for citizenship before the required 5-year period, by doubling the investment. Investors holding permanent residency for a minimum of one year may apply for citizenship before the required 5-year period, by doubling the investment (511,292 Euro). Financing option is also available for 105,000 Euro. This is the fast track option.
Bulgarian passport holders have visa-free access or visa-on-arrival access to 157 countries and territories.
Full InvestmentApplicants choosing this option must deposit BGN 1 million (€511,292) in a Governmental Bond Portfolio for an investment period of five years, with no further payment required. At the end of the five-year period, the full amount of BGN 1 million (€511,292) will be returned to the investor without any accrued interest. The investment is fully guaranteed by the government bonds.
Financed InvestmentFor a set pre-paid fee, clients can leverage their capital by choosing the Financed Investment option. These individuals pay a reduced amount of €195,000* that will be used to finance a BGN 1 million (€511,292) closed 5.5-year loan from a Bulgarian bank. This loan is initiated and repaid at no further cost to the investor.
Applicants choosing the Financed Investment option will need to demonstrate net worldwide assets of no more than €1 million, a requirement of the Bulgarian bank.
* Note that the contribution for the Financed Investment Option might be subject to change on the discretion of the authorized Bulgarian bank. Such changes are announced in advance.
Reasons to choose Bulgaria?
- Fast process to residency (six to nine months);
- Fast-track option allowing for citizenship within two years;
- Special exemption from physical residence enforced with legislation;
- Government-approved investment and available financing options from banks;
- No language requirements for residence or citizenship;
- No obligation to relinquish current nationality;
- Lowest tax rates and free trade environment within the EU.
- Free movement within the Schengen countries after acceptance;
- Access to high quality healthcare in Bulgaria and the EU;
- Unrestricted right to live, work and study in Europe;
- Right to own land in a EU country.
Benefits for permanent residents:
Benefits for citizens:
FAST-TRACK CITIZENSHIP OPTION
The fast-track option allows investors to apply for citizenship faster by doubling their investment. The requirements for this option are as follows:
- Have at least one year of permanent residency status;
- Double your investment in bonds;
- Hold both investments for a period of at least two years after citizenship is granted.
Financing options are available to qualified applicants. Citizenship applications for participants in the fast-track citizenship program are examined under express procedure.
LIST OF VISA FREE TRAVEL COUNTRIES FOR BULGARIA PASSPORT HOLDERS
AFRICA: Botswana, Comoros, Djibouti, Egypt, Gambia, Kenya, Madagascar, Mauritius, Mauritania, Mayotte, Morocco, Mozambique, Reunion, Seychelles, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Somalia, Somaliland, Burundi, Cape Verde, Guinea-Bissau, Mali
AMERICAS: Anguilla, Antigua & Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, , Cayman Islands, Columbia, Costa Rica, Curacao, Chile, Dominica, Dominican Republic, Ecuador, El Salvador, Falkland Islands, French Guiana, French West Indies, Greenland, Grenada, , Guatemala, Haiti, Honduras, Jamaica, Margarita Island, Mexico, Montserrat, Nicaragua, Panama, Paraguay, Peru, St Kitts & Nevis, St Lucia, St Martin, St Pierre & Miquelon, St Vincent, Trinidad & Tobago, Turks & Caicos Island, Uruguay, Venezuela
ASIA: Armenia, Bangladesh, Brunei, Cambodia, Georgia, Hong Kong, Indonesia, Iran, Israel, Japan, Jordan, Kyrgyzstan, Laos, Lebanon, Macau, Malaysia, Maldives, Mongolia, Nepal, Oman, Palestine, Philippines, Sabah, Sarawak, Singapore, Taiwan, Tajikistan, Thailand, South Korea, Timor Leste, Bahrain, Kuwait, United Arab Emirates, Iraqi Kurdistan, Kish Islands, Phú Quốc
EUROPE: Albania, Andorra, Austria, Belgium, Bosnia & Herzegovina, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Turkish Republic of Northern Cyprus, Ukraine, United Kingdom, Vatican City
OCEANIA: Cook Islands, Micronesia, Fiji, French Polynesia, Kiribati, Marshall Islands, New Caledonia, New Zealand, Niue, Palau, New Guinea, Pitcairn Islands, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu, Wallis & Futuna
• Please note that this list is subject to change and so kindly confirm the information before planning any trip.