BULGARIA coat of arms image

BULGARIA RESIDENCE

GOVERNMENT AUTHORIZED FIRM

Overview

The Bulgarian passport is currently ranked as the 21st strongest passport in the world with visa-free travel to 153 countries. Bulgarian citizens are citizens of the European Union and as such can live, work and study in any country within the European Union, European Economic Area, and Switzerland. You and your family will obtain European Permanent Residence status and subsequently Bulgarian citizenship without having to move away or renounce your current nationality.

The Bulgarian Citizenship Act or the Bulgarian Immigrant Investor Program (BGIIP), which has been in operation since 2009, is offered in accordance with the Foreigners in the Republic of Bulgaria Act.  The program enables a foreign investor to obtain Permanent Residency and subsequently once the PR has been held for a period of 5 years to apply to become a naturalized citizen.  On 21st December 2013, the government announced a ‘Fast Track’ option which enables investors to apply for citizenship within a faster time frame by doubling their investment.The Bulgarian passport is currently ranked as the 21st strongest passport in the world with visa-free travel to 153 countries. Bulgarian citizens are citizens of the European Union and as such can live, work and study in any country within the European Union, European Economic Area, and Switzerland. You and your family will obtain European Permanent Residence status and subsequently Bulgarian citizenship without having to move away or renounce your current nationality.

The Bulgarian Citizenship Act (Bulgarian Immigrant Investor Program (BGIIP)), which has been in operation since 2009, is offered in accordance with the Foreigners in the Republic of Bulgaria Act.  The program enables a foreign investor to obtain Permanent Residency and subsequently once the PR has been held for a period of 5 years to apply to become a naturalized citizen.  On 21st December 2013, the government announced a ‘Fast Track’ option which enables investors to apply for citizenship within a faster timeframe by doubling their investment.

Permanent Residency Timeline: 6-9 months
Citizenship Timeline: 5 years or within 2 years (Fast Track)
Nationalities supported: Open to all non-EU nationalities
Investment type: Investment in a Governmental Bond Portfolio (The investment is fully guaranteed by the Government Bonds)
Investment cost: Investment in a Governmental Bond Portfolio € 511,292 (1,000,000 BGN)

Benefits

Personal Freedom

Personal Freedom

Fast process to Residency (6-9 months)


No need to reside in Bulgaria


Government approved and secured investment


Financing options available from banks


No language requirements


 Open to all non-EU nationalities

Business Advantages

Business Advantages

Investment made into Government approved Bonds and is guaranteed to be returned in full after 5 years


Bulgaria is a free trade country within Europe


Bulgaria enjoys the lowest tax regime in Europe. Corporate income tax and personal income tax is calculated at a flat rate of 10%.


Conditional Tax exemption on worldwide income


BGN Currency pegged to EUR €

Family Security

Family Security

Permanent Residents have access to high-quality healthcare both in Bulgaria and the EU


Permanent Residents have access to free education in Bulgaria


Easier access to visas for non-EU countries.

Costs

The Bulgarian Immigrant Investor Program (BGIIP) requires making an investment in the Governmental Bond Portfolio.

Option - Full investment into Bulgaria's governmental bond portfolio

The investor deposits the full amount of €511,292 (1,000,000 BGN) into the Governmental Bond Portfolio from outside of Bulgaria for an investment period of 5 years, with no further payment required.  At the end of the five-year period, the full amount of €511,292 is returned to the investor without any accrued interest.  The investment is fully guaranteed and secured by the Government Bonds.

View costs

Full Investment€511,292
Government Application Fees (Main Applicant & Spouse)€25,000
Additional Qualifying dependent€2,500

For a full breakdown of the government fees, legal fees and other fees payable, please contact us

Timeline

PHASE I – Main Applicant MONTH 1
PHASE I – Main Applicant MONTH 1

Signing of CI Retainer Agreement and first Payment of CI Professional Fees.

All Documents collected and file prepared.  Payment of Government Application Fees.

First appointment at a Bulgarian Consulate - for document signing.  File completed for submission.

Investment transfer made by the Main Applicant

Investment Certificate issued.

MONTH 3
MONTH 3

Second appointment at a Bulgarian Consulate - application for Visa D.

MONTH 5
MONTH 5

Visa D granted; followed by the first trip to Bulgaria - for the submission of the Application for Permanent Residence Certificate (PR).

File Submission Payment of CI Professional Fees is payable.

MONTHS 8-9
MONTHS 8-9

Permanent Residence (PR) approved; followed by the second trip to Bulgaria - for the submission of the Application for the Permanent Residence card.

CI final Professional Fees are paid.

Receipt of Bulgarian PR card, granted three days after application.

PHASE II – FAMILY MEMBERS
PHASE II – FAMILY MEMBERS

Once the main applicant has been issued the Bulgarian PR card the process to qualify family members can begin.  The procedure to obtain the PR cards for family members can take up to 6 months and requires 2 mandatory visits to Bulgaria for each qualifying family member.

1 YEAR AFTER PR HELD
1 YEAR AFTER PR HELD

After holding the Permanent Residence for one year the applicant can double the investment of €511,292 into Government Bonds & apply for Citizenship, the investment must be held for a further 2 years.

General info

The Republic of Bulgaria is located in Southeastern Europe, it is bordered by Romania to the North, Serbia and Macedonia to the west and Greece and Turkey to the South.  It is Europe’s 16th largest country and its geographic location is perfectly placed, linking Europe to Asia, Middle East and Africa.

Bulgaria joined the European Union on the 1st January 2007 but it is not part of the Eurozone, its currency the lev (BGN) is pegged to the Euro at a rate of 1.96BGN to €1. Bulgaria enjoys the lowest tax regime in Europe. Corporate income tax and personal income tax is calculated at a flat rate of 10%. 

Bulgaria's population of 7.4 million are mainly located in urban areas, its capital and largest city being Sofia. Bulgaria has an emerging market economy where the private sector accounts for more than 80% of GDP.  Bulgaria has the lowest public debt of any country in the European Union.

To know more about investing in Bulgaria’s permanent residence and citizenship program, please contact us or send a call back request and one of our specialists will contact you to discuss your needs.