- Residency by Investment
Bulgaria is a country, with 110.994 km2 and approximate population of 7.1 Million people. The country became an EU member state on the 1st of January 2007 and has a fascinating cultural heritage as prehistoric cultures started developing on current Bulgarian land. Bulgaria borders 5 countries: Serbia, Romania, Republic of Macedonia, Greece and Turkey. The biggest city of the country is its capital Sofia, with a population of 1.3 Million People.
Since the country became an EU member state, besides the visa free travel in 142 countries, the highest grade of residency status gives an opportunity to the investor and his family members to enjoy the Bulgarian Healthcare program, one of the lowest corporate and personal taxation in EU etc...
The investment program for residence and citizenship in Bulgaria started in 2009 and the primary reason for implementing this kind of program was to attract foreign direct investment in the country. The program gives an opportunity to the investor and his/her family members to become permanent residents in EU and become eligible to apply for the citizenship after 5 years.
According to the program, the investor can apply for the permanent residency after investing 512,292 Euro (equals to 1M BGN) in governmental bond portfolio, which is secured by government bonds. The length of the investment is five years and after five years the investment fully returns to the investor without any interest charged thereon. Another option is to pay a reduced amount of 195,000 Euro, which is used to finance 1 M BGN loan from a Bulgarian Chartered Bank. The disadvantage of this option is that 195,000 Euro is not returned to the investor after 5 years.
The next step after granting residency permit is to apply for the Bulgarian citizenship. According to the “law for the Bulgarian Citizenship” says that a person is eligible to apply for the citizenship after 5 years of legal residency in Bulgaria. There is a fast track citizenship program in Bulgaria, which gives an opportunity to the investor to apply for the citizenship only 1 year after his permanent residence status, in case he/she doubles the initial investment. In this case the total amount of the investment will be 1,022,594 Euro (Equals to 2M BGN).
The advantages of this program are that the applicant does not have to pass the Bulgarian language test, there is no physical residency requirement and investor is not obliged to renounce his/her present citizenship.
The standard procedure for the application starts with the background checking. The origin of the money and transparent biography of the applicant is very important for the country. The time period for getting the permanent residency is from 2-3 months.
Located in the continent of Europe, Bulgaria shares land borders with 5 countries: Greece, Macedonia, Romania, Turkey, Serbia.
Unitary parliamentary constitutional republic
EET (UTC+2), Summer (DST) EEST (UTC+3)
Reasons to choose BULGARIA?
- The country is an EU member state and has amazing location for traveling both in eastern and western Europe
- Rich History and culture of the country
- Visa free travel to approximately 154 countries (EU, UK)
- Process to residency needs approximately 6-9 months
- Residency is a fast-track alternative to obtain Bulgarian Citizenship (within 2 years)
- No restriction on dual citizenship
- No mandatory language test and knowledge requirement
- No mandatory residency requirement
- Free trade environment and lowest tax rates in EU
- Citizenship can be transferred by descent regardless of age
Visa-Free/Visa-on-arrival: Albania, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei, Cambodia, Cape Verde, Cayman Islands, Chile, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Falkland Islands (Malvinas), Fiji, Finland, France, French Guiana, French Polynesia, Gambia, Georgia, Germany, Gibraltar, Greece, Grenada, Guadeloupe, Guatemala, Haiti, Honduras, Hong Kong, Hungary, Iceland, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Montenegro, Montserrat, Morocco, Mozambique, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niue, Norway, Oman, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Romania, Réunion, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, Sao Tome and Principe, Senegal, Serbia, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Korea, Spain, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Vanuatu, Venezuela, Wallis and Futuna, Zambia
Electronic Authorization: Australia, Gabon, India, Kenya, Myanmar, Norfolk Island, Sri Lanka, Zimbabwe
Visa required prior to arrival: Afghanistan, Algeria, American Samoa, Angola, Azerbaijan, Benin, Bhutan, Burkina Faso, Burundi, Cameroon, Canada, Central African Republic, Chad, China, Congo Republic, Cuba, Côte d'Ivoire, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Ethiopia, Ghana, Guam, Guinea, Guinea-Bissau, Guyana, Lesotho, Liberia, Mali, Mongolia, Namibia, Nauru, Niger, Nigeria, North Korea, Northern Mariana Islands, Pakistan, Puerto Rico, Qatar, Russia, Rwanda, Saudi Arabia, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Suriname, Syria, Turkmenistan, U.S. Virgin Islands, United States, Uzbekistan, Vietnam, Yemen
Entry denied: Libya