bulgaria-residency-investment
Bulgaria
Bulgaria

Bulgaria is a Balkan nation with diverse terrain encompassing Black Sea coastline, a mountainous interior and rivers, including the Danube. A cultural melting pot with Greek, Slavic, Ottoman, and Persian influences, it has a rich heritage of traditional dance, music, costumes, and crafts.

Visa-free travel to
169+ countries

Timeline
6 to 9 Months

Dual citizenship
allowed

Investment start from
BGN 1M

bulgaria

Bulgaria

RESIDENCY BY INVESTMENT

Benefits

  • 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 169+ 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.

Since the country became an EU member state, besides the visa free travel in 169+ 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.

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.

Investment Options

According to the program;

The investor can apply for the permanent residency after investing 511,292 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 1,022,584 Euro (Equals to 2M BGN).

  • Applicable Fees

    Due diligence for main applicant € 7,500
    Due diligence for spouse € 5,000
    Due diligence for dependent child aged 14 to 18 € 3,500
    Due diligence for dependent aged above 18 € 5,000

Month 1

STEP 1 : Bayat legal Services’ compliance team will conduct an internal due diligence. Qualification assessment, KYC and background security check.
STEP 2: Understanding the program, signing the retainer, prepare tailor made list of documents and application preparation.
STEP 3: Submission. Pay the application fees and Appointment at Bulgarian Consulate for signing of the documents
STEP 4: Investment transfer by the applicant.

Month 2 - 3

STEP 5: Investment certificate issued.
STEP 6: Second appointment at a Bulgarian Consulate for Visa D application.
Month 4 – 5
STEP 7: Visa D granted followed by a fist trip to Bulgaria for Submission of PR application.
STEP 8: PR approval followed by second trip to Bulgaria.

Month 6 - 9

STEP 9: Receipt of Bulgarian PR card.