bulgaria

Bulgaria

Residency within six to nine months

Fast-track option for citizenship within two years

Special exemption from physical residence enforced with legislation

Government-approved investments and available financing options from banks

No language requirements

No obligation to relinquish current nationality

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SIMPLE PROCESS

Once passport is obtained Visa-free or visa-on-arrival access to 171 destinations including Schengen area countries, the UK, Japan and UAE.

Reputable second passport easy to obtain visas when required

Fast-track European Union Citizenship and passport within 2 years

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GLOBAL MOBILITY

Lowest tax rates and free-trade environment within the EU

Permanent Residents can access to high-quality health care in Bulgaria and the EU

Permanent Residence have a conditional tax exemption on world income

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ADDITIONAL ADVANTAGES

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To be eligible for Bulgaria Investor Program for Residence and Citizenship Program, the applicant is required to make a non-refundable financial contribution to the Government of Bulgaria.

Applicants 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 will be returned to the investor without any accrued interest. The investment is fully guaranteed by the government bonds.

FULL INVESTMENT

The fast-track option allows investors to apply for citizenship faster by doubling their investment. The applicant must have at least one-year permanent residency status and make a further investment. Government Bond Portfolio or in the Capital of a Bulgarian company carrying out a priority Investment Project, the additional investment must be held for a period of 2 years.

DOUBLING INVESTMENT TO FAST TRACK CITIZENSHIP

Clients can leverage their capital by choosing to finance the required investment amount through a European bank. The applicant must demonstrate a net worldwide asset of EUR 1 million to avail this option.

FINANCED INVESTMENT 

Bulgaria is a country occupying the eastern portion of the Balkan Peninsula in Southeastern Europe. A beautiful country, with majestic 
mountains, sandy beaches, picturesque villages, good food, and hospitable people. Considered as the oldest country in Europe, Bulgaria is rich in culture with its world-famous folklore and Opera singers and its several UNESCO world heritage sites. Bulgaria is a member of the European Union, NATO, and the Council of Europe; it is a founding state of the Organization for Security and Co-operation in Europe (OSCE). Many investors consider Bulgaria because of its strategic location and taxes are one of the lowest in Europe.
As one of the youngest EU member states, this beautiful country boasts a rich and diverse culture, temperate climate and ideal location in Southeast Europe. The ideal gateway into the European economy and way of life, Bulgaria is diverse, culturally rich and perfectly placed for working and travelling in and around the continent.
The country is a leading European producer of copper and zinc. Other major industries include electronics, chemicals, mining, machinery, steel, vehicle components, and firearms.

The Bulgaria Investor Program for Residence and Citizenship is offered in accordance with the Foreigners in the Art. 25, para 1, items 6 or 7, of Foreigners in Republic of Bulgaria, allowing a holder of Bulgarian permanent residence permit to enter and leave Bulgaria freely, as well as the right to travel across all European countries visa-free.

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The Bulgarian citizenship by investment program is stipulated in two Acts – The Foreigners of the Republic of Bulgaria Act and the Citizenship Act.
According to Art. 25 (1) of the Foreigners of the Republic of Bulgaria Act “Permit for permanent residence may be obtained by the foreigners who: 
have invested over BGN 1 000 000 or increased their investment by this amount by acquisition of:(b) bonds and treasury bills, as well as derivative instruments issued by the State or municipalities, with a residual term to maturity of not less than 6 months.&#8221;
According to Art 14a of the Citizenship Act “a person who is not a Bulgarian citizen and meets the conditions under Art. 12, para. 1, items 1 and 3 i.e. over 18 years of age and no criminal record, may acquire Bulgarian citizenship by investment if: 
Not less than one year ago has been granted permanent residence in the Republic of Bulgaria on the grounds of Art. 25, para. 1, item 6 or 7 of the Foreigners of the Republic of Bulgaria Act and: (a) has increased its investment under the same terms of the law to a value of at least BGN 2 million.”

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Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke service that simplifies the application process, requesting from clients the bear minimum. Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be used as a guideline only, after assessing the particular case Citizenship Invest prepares a personalized checklist.

The Bulgaria Investor Program for Residence and Citizenship is offered in accordance with the Foreigners in the Art. 25

RESIDENCY AND CITIZENSHIP

Client signs CI Retainer Agreement and pays the retainer invoice

The applicant then makes an appointment at a Bulgarian Consulate for document signing. The Investment is then transferred by the applicant.

MONTH 1

The Investment Certificate is issued. A second appointment is made at a Bulgarian Consulate for the application of Schengen Visa, type D (long stay visa).
	
Once the Schengen Visa, type D is granted, the applicant makes the first trip to Bulgaria for the submission of Application for Permanent Residence (PR).

MONTH 2-3	

Once the Permanent residence is approved, the applicant will then make a second trip to Bulgaria for the submission of Application for Bulgarian PR card. The applicant will receive the receipt of Bulgarian PR Card (three days after application). Then, the family reunification process can be started. Family members will obtain permanent residence in 3 months. 

MONTH 4-6

Increasing the invested amount to approximately EUR 1,024,000  by purchasing new government bonds for EUR 511 292 followed by application for a Bulgarian citizenship and passport with the Ministry of Justice. The investor may apply for Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate.

MONTH 16-18	

Citizenship Certificates and passports are issued. The balance of CI professional fee is paid.  

MONTH 19-20	

The estimated time to receive residence permit/citizenship approval depends on the due diligence processing time and the specific case.

BULGARIA