Acquiring Bulgarian Citizenship through Investment – the “Law for the Foreigners in Bulgaria” and the “Law for the Bulgarian Citizenship”. Usually, permanent residence applications are reviewed within 30 working days; Month 4 – 6 – Once the residence application is approved, the applicant will be photographed and the permanent residence card is issued within 3 business days. Fast-track citizenship by marriage Traditionally, people tend to think that marrying foreign national entitled them to citizenship of their partner’s home country. Explore Bulgaria dual citizenship benefits for you To apply for Bulgaria citizenship through investment, you need to first achieve at least one year residency in Bulgaria, then deposit the minimum of BGN 1 million (€512,000) into the Bulgaria government bond program for a period of 5 years.However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. Schedule of obtaining Bulgarian citizenship by investment, The list of available investment projects can be found on the website of the. 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. The fast-track option allows investors to apply for citizenship faster by doubling their investment. Visa-free access or visa-on-arrival access to 157 countries and territories. Fast Track Bulgarian citizenship and passport by Investment In exchange for a safe, state-guaranteed and fully refundable investment of 1,024,000 EUR, applicants of all nationalities can obtain Bulgarian citizenship and passport. Citizenship applications of spouses are considered within six months. Our colleagues are fully authorized and approved by the Comoros government to handle Comoros and Saint-Lucia citizenship cases. Check the status of your citizenship application. Facebook The investor needs to invest 511 292 EUR in the first year and double the investment to 1,024,000 EUR in the second year. • Becoming a Bulgarian tax resident and pay only 10% flat tax rate on your worldwide income. Ranked as the best citizenship by investment program in the European Union. The Bulgarian fast-track Citizenship by Investment program was until recently utilized mainly by citizens of countries with poor visa-free travel conveniences, such as Russia, China, India, many countries from the Middle East, South Africa and others alike. Fast Track Bulgarian citizenship and passport by Investment In exchange for a safe, state-guaranteed and fully refundable investment of 1,024,000 EUR, applicants of all nationalities can obtain Bulgarian citizenship and passport. The requirements for those who opt for the regular program are as follows: Investors will need to file a citizenship application and pass medical tests in their current country of residence. 12 if both the parents or a living parent gives written consent for this. Bulgarian citizenship for EU nationals, Bulgarian citizenship by investment for EU citizens, EU passport for EU nationals, © 2013 - 2020 Bulgarian Citizenship | All rights reserved. Be a non-EU citizen. Bulgaria has an investor program which came into force in 2009, for foreign investors who invest significant amount of money in the economy of Bulgaria. Southeastern Europe, bordering the Black Sea, between Romania and Turkey, 0-14: 14.54%, 15-24: 9.73%, 25-54: 43.33%, 55-64: 13.38%, 65+: 19.03%, Bulgarian (official): 76.8%, Turkish: 8.2%, Roma: 3.8%, Other: 0.7%, Unspecified: 10.5%, Eastern Orthodox: 59.4%, Muslim: 7.8%, Other (includes Catholic, Protestant, Armenian Apostolic Orthodox and Jewish): 1.7%, None: 3.7%, Unspecified: 27.4%. 12a of the Bulgarian Citizenship Act, Art. You may apply for the issuance of a Bulgarian passport at the local branches of the Ministry of Interior in Bulgaria or at the nearest Bulgarian embassy or general consulate. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. Fast-track option for citizenship within two years. • No obligation to relinquish current nationality; The government bonds are purchased by the bank and they remain owned by the bank. The client purchases government bonds of 512,000 EUR and increases the investment to 1,024.000 using savings or own finances. As one of the youngest EU member states, Bulgaria boasts a rich and diverse culture, temperate climate, and ideal location in Southeast Europe. The Bulgarian fast-track option legal provisions ensure that the applicant’s investment receives the ultimate protection. The investor can withdraw the investment in government bonds only after five years –, Spouses get Bulgarian citizenship immediately after the investor has been granted Bulgarian citizenship. According to Art. Why Bulgaria? Some countries like Bulgaria offer a fast-track to citizenship if you purchase an additional bond value. There are still strict requirements that any foreign resident must follow in order to comply with the program, but compared to other European countries, Bulgaria is much faster. The investor may purchase Bulgarian government bonds from his/ her local bank abroad. The program for obtaining Bulgarian citizenship through investment requires: – initial investment of BGN 1 000 000 (EUR 512 000), on the basis of which the investor will be entitled to receive permanent residence in Bulgaria; • Access to high quality healthcare in Bulgaria and the EU; Scout out opportunities for a new life for you and your family in Bulgaria. The Quebec Investor Visa Program offers permanent residency to investors who make a one-time payment of CAN$1.2* million, leave it in place for 5 years, and then get it back after the required duration has elapsed, without accrued interest. Conditional tax exemption on world income. Our success rate is much higher than the success rate of the “international agents”, who are often “lost in the translation”, before they eventually reach us. We will assist your spouse and dependents to obtain permanent residence and Bulgarian citizenship at no extra cost. The Bulgaria Fast-Track Citizenship Program allows an applicant to obtain permanent residence in 3-4 months, and full Bulgarian “EU” citizenship within 20-24 months, for €260,000 (one-time “walk away” financing option) plus €50,000 in legal, due diligence, government, and apartment rental fees. Family members will obtain permanent residence in 3 months. The investor needs to invest 511 292 EUR in the first year and double the investment to 1,024,000 EUR in the second year. If you have any queries regarding Bulgarian citizenship by investment, please do not hesitate to contact us. You will get free movement, education and healthcare in EU; You will possess the Bulgarian passport which is an EU passport; You can buy properties in the entire EU and Schengen zone without any restrictions; You can open bank accounts in any EU & Schengen countries. Under the Fast Track, the applicant must maintain the qualifying investment for two years past naturalisation. Although in some rare instances, this investment can be financed (only by licensed credit institution), we strongly … Children below 18 years old get Bulgarian citizenship immediately after the investor was granted Bulgarian citizenship. Month 2 – The investor applies for an Investor D-type visa in the nearest Bulgarian embassy or general consulate. The Bulgarian Parliament, by passing these laws (that provide the opportunity for fast track citizenship), has shown clearly that Bulgaria is willing to provide "safe harbour" to those who have proven themselves being reliable citizens. Speak to Global Mobility experts. This is absolutely possible by our financed option. http://www.loc.gov/law/help/investor-visas/bulgaria.php. The citizenship candidate has to be able to prove personal net worth of at least 2 million Bulgarian Lev (equal to 1'022'584 EUR), for which amount a qualifying investment, most often Bulgarian sovereign Eurobonds, will need to be selected and purchased. 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 municipaliti… Then, the family reunification process can be started. “YOU CAN BUY BULGARIAN PASSPORT” This is the most common misconceptions about … Usually presented as a citizenship by investment program, Bulgaria actually offers a residence by investment program with a fast-track option for citizenship. LIST OF VISA FREE TRAVEL COUNTRIES FOR BULGARIA PASSPORT HOLDERS. LinkedIn EUR 512,000 or $600,564 USD). Our fees are 5 to 20 times lower than the fees charged by the “international agents” from their offices in Hong Kong, London, Dubai, etc. • Have at least one year of permanent residency status; • Double your investment in bonds in Year 2. • Double your investment in bonds in Year 2. The Bulgarian Investor visa is usually granted within 30 business days. 12a of the Bulgarian Citizenship Act (not required to be fluent in Bulgarian language) or after three years according to Art. 12a of the Bulgarian Citizenship Act, Bulgarian citizenship by investment for EU citizens, Bulgaria to retain its Citizenship by Investment program in 2019, Overview of Bulgarian citizenship by investment, Foreigners in the Republic of Bulgaria Act, Brokers traps to avoid when buying a real estate in Bulgaria. The requirements for this option are as follows: • Have at least one year of permanent residency status; Attest the power of attorneys and the investment agreement. Our experienced citizenship lawyers have assisted more than 150 individuals to obtain Bulgarian citizenship and passport by investment since 2013. Under the express procedure, the cards are ready on the third business day following the day of application. At the end of the five-year period, the full amount will be returned to the investor without any accrued interest. This could lead to your citizenship application being refused. Month 3 – The investor receives a TIN (Tax Identification Number – also known as EGN) and applies for a permanent residence by investment. If you have any queries regarding Bulgarian citizenship by investment, please do not hesitate to, overview of the Bulgarian citizenship by investment program, Art. There are no requirements of physical residence in Bulgaria or fluency in the Bulgarian language for the family members. ... Rich in history and culture . • Unrestricted right to live, work and study in Europe; The investor does not need to invest his/ her own money of 1,024.000 EUR in government bonds. Advocate Markov is a member of the Investment Migration Council, the worldwide association for investor migration and citizenship by investment, a premier organization that guarantees services of the highest standard. The law office of Advocate Markov was recognised for the second consequent year as Citizenship Law Firm of the Year in Bulgaria by the prestigious legal guide, Global Law Experts. Updated yearly, the Arton Index is an overall assessment and comparative benchmark of the country and its investment program. A: The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 512,000 for European citizenship and passport after five years in residency status. The investor can withdraw the investment in government bonds only after five years – THIS DOES NOT APPLY TO THE FAST TRACK CITIZENSHIP PROGRAM. Have at least one year of permanent residency status. • Special exemption from physical residence enforced with legislation; Possess a valid passport or another foreign travel document. Bulgaria has one of the most compelling citizenship by investment programs worldwide. Download yours. Freedom of mobility. Offered in accordance with the Foreigners in the Republic of Bulgaria Act, the Investor Program for Residence and Citizenship includes a fast-track citizenship option. Citizenship applications of children under 18 years of age are considered within twelve months. Make the minimum statutory trips to Bulgaria. Children from 14 to 18 years of age can apply personally for Bulgarian citizenship. Spouses get Bulgarian citizenship immediately after the investor has been granted Bulgarian citizenship. It is also one of the fastest programs to lead to residence.To qualify for residency or citizenship, applicants must fulfill one of the investment options below in addition to meeting the following criteria: 1. The Bulgarian citizenship by investment program is stipulated in two Acts – The Foreigners of the Republic of Bulgaria Act and the Citizenship Act. The requirements for this option are as follows: Financing options are available to qualified applicants. Must have never been sentenced by a Bulgarian court for a capital offence or accused in criminal proceedings for such a crime (unless he/she has been rehabilitated). Unfortunately, the repo deals are not the right way of financing. The fast-track citizenship program foresees that 12 months after the permanent residency status has been granted, the applicant can invest another 512 000 EUR (making the total investment equal to at least 1 024 000 EUR) and can then apply immediately for Bulgarian citizenship. The list of available investment projects can be found on the website of the Bulgarian Investment Agency. Investors who have been sentenced cannot apply for Bulgarian citizenship by investment. | Hand Sanitizer Producer in Europe | Brokers traps to avoid when buying a real estate in Bulgaria | Антибактериален дезинфектант | Antibacterial Hand gel Access to high-quality health care in Bulgaria and the EU. The fast-track option allows investors to apply for citizenship faster by doubling their investment. Do you receive our monthly Global Citizen Newswire? It is officially known as “Fast track’ investor citizenship scheme, administered by the Investment promotion agency Bulgaria were first introduced in the Bulgarian legislation in 2005. The other option, the core “fast-track” route, enables the citizenship candidate to increase its investment in bonds to a total amount of 2 million Bulgarian Lev and obtain Bulgarian citizenship in only 12 months after the permanent residency status has been granted. 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. Full citizenship vs residence permit (aka “golden visa”) Bulgaria is one of the only 3 EU countries with Citizenship by Investment Program. To learn the latest amendments of the Bulgarian citizenship program you can read our ultimate guide about Bulgarian citizenship by investment 2019. You may find on the internet different consultancy firms offering the so-called “financed option through repo deals” where the “Investor” pays a Bulgarian or foreign bank institution interest rate of 100,000 EUR to 250,000 EUR (non-refundable) to purchase Bulgarian government bonds. The fee to process dependents is included in our fee for the main applicant. Applications for the fast-track program are examined under express procedure. Fast Track to Citizenship. Bulgarian Citizenship by Investment Program continues its operation in 2020 and is still among the few in European Union offering fast track-citizenship. By continuing to browse the site, we'll assume that it is consented. Our law firm specialises in assisting EU and non-EU nationals to obtain Bulgarian citizenship and passport by investment. See the power of global mobility for each passport. Empowered by the Passport Index. A: The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 512,000 for European citizenship and passport after five years in residency status. The interest of foreigners in recent years is attracted by the Bulgarian citizenship through investments Program and the Residence in Bulgaria through Investment Program. Reserve a date for applying for Bulgarian citizenship by investment. The investor may apply for Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate. Hold a second additional investment for a period of two years. • No language requirements for residence or citizenship; At the gateway of Europe. Bulgaria is a member of the European Union and NATO. The certificate should be legalized before it is forwarded to us. In other words, spouses need to hold permanent residence for five years before they can apply for Bulgarian citizenship. Between the period Jan 1 to Dec 31 2018 , the Bulgarian citizenship has been granted permission for this reason permanent residence on the territory of the country before no less than one year … Our fees are 5 to 20 times lower than the fees charged by the “international agents” from their offices in, Fast Track Bulgarian citizenship and passport by Investment, investment of 1,024,000 EUR, applicants of all nationalities can obtain. Clients can leverage their capital by choosing to finance the required investment amount through a European bank. • Free state education to family members; BENEFITS FOR CITIZENS: The investor may invest as little as only 560,000 EUR to obtain Bulgarian citizenship and passport. Provide documents supporting the source and origin of invested funds. The Bulgarian Citizenship by Investment Your straightforward route to acquiring EU Citizenship for the entire family with freedom to live, work and study in any of the 28 EU countries in just 2 years via the fast-track option. Government-approved investments and available financing options from banks. Citizenship, Residency, and Visas in Bulgaria Fast Track Bulgarian Citizenship by Investment. 12, para 1, items 1, 2, 3, and 4 . You can have a look at Advocate Vasil Markov’s overview of the Bulgarian citizenship by investment program. According to Art. The investment in government bonds is fully guaranteed and secured by the Bulgarian Government. The other two are Cyprus and Malta. Unfortunately, spouses can obtain Bulgarian citizenship after holding permanent residence for five years according to Art. Bulgarian Citizenship by Investment | Posolstvo.eu Is there a way to obtain Bulgarian citizenship and EU passport under a fast track program? Bulgarian citizenship and passport. If applying under the Fast Track, the investor holds the permit for 1 year, then makes a second qualifying investment and becomes immediately eligible for citizenship; Apply in person for Bulgarian citizenship at the Ministry of Justice in Sofia or at a Bulgarian Consulate abroad. 3. According to Art. Children from 14 to 18 years of age can apply personally for Bulgarian citizenship. There are many, so called “golden visa” schemes in the EU, but you should make clear distinction between citizenship and residency (golden visa). Find out the cost estimates for each program tailored to your family. We have assisted more foreign investors to obtain Bulgarian passport than any other law firm or consultancy. 13, para. Potential applicants are advised to contact us for individual advice if they are considering this option. Free movement within the Schengen zone after Bulgaria becomes a member state. After 5 years of remaining in the Bulgarian residency program, you can apply for Bulgarian citizenship. Bulgaria Immigrant Investor Program Become a full EU citizen through Bulgarian Fast track program Official EU citizenship by investment program Live, work, study, settle in any EU member states (Germany, Switzerland, France, Denmark etc..) Yes, you can but you will be classed as a foreign student and will need to pay additional student fees. The investor may sell the government bonds two years after the citizenship was granted. Fast-track Bulgarian Citizenship by investment If the investor doubles the investment in Year 2, he/ she will qualify under the fast track Bulgarian citizenship program and may obtain Bulgarian citizenship and passport within 18 months of making the first investment. • Fast process to permanent residency (six to nine months); Bulgaria is one of the few countries in the EU that has legislation that offers citizenship for foreign investors. In exchange for a safe, state-guaranteed and fully refundable investment of 1,024,000 EUR, applicants of all nationalities can obtain Bulgarian citizenship and passport. Please note however that there is no clearly defined and predictable path to citizenship through the Bulgarian “programme”. Bulgaria offers fast track citizenship by investment scheme to foreign investors. New applications are welcomed and decrees are issued regardless of widespread rumours that the program will stop. Must have maintained permanent resident status and a valid residential address for the past five years. The Bulgarian legislation allows EU and non-EU nationals to get Bulgarian passport within two years and the investment to be fully refunded at the end of this period with the accrued interest. Unrestricted right to live, work and study in Europe. Month 1 – The investor purchases Bulgarian government bonds and the financial intermediary issues a confirmation certificate of the purchased bonds and portfolio valuation certificate. However, the European Commission has launched many exchange programs between the EU Universities to enable students to have easier access to study abroad. Investing EUR 430,000 in 2 residential units in the capital Sofia can allow applicants to attain full EU citizenship in as little as 18 months. Unfortunately, children above 18 years old may apply for Bulgarian citizenship by origin. • Lowest tax rates and free trade environment within the EU. Unfortunately, spouses can obtain Bulgarian citizenship after holding, Children below 18 years old get Bulgarian citizenship immediately after the investor was granted Bulgarian citizenship. Consent by a parent who has lost his parental rights is not required. Compare the different programs side by side and examine their features. The investor is  required to keep the government bonds for two years after the citizenship was granted. in Bulgaria The Republic of Bulgaria is one of several EU Member States which offer residence by investment (RBI) and citizenship by investment (CBI) • Free movement within the Schengen countries after acceptance; • Access to high quality healthcare in Bulgaria and the EU; • Free state education to family members; • Unrestricted right to live, work and study in Europe; • Becoming a Bulgarian tax resident and pay only 10% flat tax rate on your worldwide income. Bulgarian government bonds are traded on the. Special exemption from physical residence enforced with legislation. We urge anyone who has been offered services by non-registered agents, part of which include transferring the investment amount to the agent’s account, to immediately seek legal advice. Our law firm is collaborating with MultiTravel Consultants Inc., trustful and experienced consultants in obtaining Comoros and St. Lucia citizenship and passport. At SmartMove Immigration we provide assistance to EU and non-EU nationals to obtain Bulgaria Citizenship by Investment. • Fast-track option allowing for citizenship within two years; In order to apply for the Fast Track Bulgarian Citizenship Program you must first make an investment of over BGN 1,000,000 (app. 1 of the Citizenship Act (fluency in Bulgarian language is required). The fee to process your family members is included in our fee for the main applicant. • Government-approved investment; Sooner is better than later. The applicant has to keep the bonds for 2 years after the Bulgarian citizenship was granted. The full investment in this case of €1,022,584 can be financed at €270,000. This step includes the preparation of the set of investor’s D-type visa application documents, and investment certificate issued from the Bulgarian Investment Agency. The Bulgarian Citizenship Investor Program is an attractive opportunity for foreign investors and wealthy individuals to enjoy visa-free access or visa-on-arrival access to 157 countries and territories, Bulgarian citizenship for the family members, and many other benefits. Provide documents supportin… We will assist your family members to obtain permanent residence and Bulgarian citizenship at no extra cost. A fast track option to receiving citizenship status is possible by doubling the initial investment amount. This site uses cookies to ensure that we give you the most relevant and refined experience. The legal & state fees can be paid by the acquired interest rate; You are not required to live and work in Bulgaria to apply for Bulgarian citizenship; You are not required to be fluent in Bulgarian as required by the general naturalization rules; You are not required to revoke your current citizenship; You might be sentenced in your home country and it will not count if you are rehabilitated; EU citizens may also apply for Bulgarian citizenship by investment if they hold a passport of a non-EU member country. For the most part, applicants are only interested in the fast-track to a European passport, so we’d understand if you mistook it for a regular CBI program. 12a of the Bulgarian Citizenship Act, the spouse of the main applicant can acquire Bulgarian citizenship if she/ he meets the requirements of Art. 2. Please contact us for the cost of financing and further details. The foreign investor can invest in a certified government project (projects in tourism, industry, and local development are available), government bonds or shares of Bulgarian companies traded on the Bulgarian Stock Exchange. Possess a valid passport or another foreign travel document. The foreign investor can invest in a certified government project (projects in tourism, industry, and local development are available), government bonds or shares of Bulgarian companies traded on the, To learn the latest amendments of the Bulgarian citizenship program you can read our ultimate guide about. With a fast-track option for citizenship granted fast track Bulgarian citizenship & passport at the end of the commission. Months and travel freely within the EU qualified applicants residence and Bulgarian citizenship by investment in. 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