5. Different types of residence permit are issued according to your status, including: pensioner, employee and; freelance professional. We can perform the needed legal activities for implementation of all of the possibilities given by the Foreigners Act in Bulgaria and the Bulgarian Citizenship Act towards foreigners, who would be interested to reside temporarily or permanently here, including, but not only, under the following conditions: – Performance of trade activity Bulgaria following the legal procedures, where as a result of it at least 10 full-time job positions for Bulgarian citizens have been created; where we can prepare and perform the necessary registrations of local corporate entity, assist the company in concluding all types of labor contracts and the help the client with the legal activities for fulfillment of the legal requirements for obtaining residence. The second stage is the citizenship application. A Type D visa is a long-term visa that allows its holders to enter the Republic of Bulgaria multiple times. Permanent Residence Permit: In addition to the aforementioned investment, an alien may apply for a permanent residence permit if they have been legally and continuously resident in Bulgaria for 5 years and have not been absent for a cumulative period of more than 30 months. Bulgarian Permanent Residency through Property Investment This is an investment based opportunity for individuals who invest €300k in Bulgaria. It is issued for the period of either 6 months or 12 months and is an essential requirement for all eligible applicants to be considered for a Bulgarian residence permit. A residency tax must be paid at the bank in the immigration office. He must possess a valid passport or another foreign travel document and must have a clean criminal record. Your Bulgarian residence permit will be valid for 6 or 12 months. Permanent residence gives the same rights as BG citizens, except voting. Application for the opening of a private account on the name of the Investor and buying government bonds for approx. This means that after holding a residence permit for at least 1 year, candidates who have made an initial investment of €512,000 can double their investment to the total amount of €1,024,000. The validity of the visa is 6 months after the date of issue. The applicant will have to travel to apply for his Permanent Residence Permit, and later to apply and obtain his ID card. The Bulgarian permanent residency program allows applicants to live in Bulgaria as long as desired. Unrestricted right to live, work and study in Europe, We use cookies and other tracking technologies to improve your browsing experience on our site, sometimes show personalized content, analyze site traffic, and understand where our audience is coming from. However, when applying for a permanent residence permit and ID card the investor is required to be present in Bulgaria. Evidence of source of funds might be required. The investor may apply for Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate; Hold additional investment for a period of two years after citizenship is granted. Residence permits in Bulgaria A. Inter-company transfer work and residence permit. Must have maintained permanent resident status and a valid residential address for the past five years. European citizens are issued two types of residence certificates: A. – Investment of at least 600 000 Lev in a real estate in Bulgaria, or investment in 50% of the capital of local corporate entity for acquiring ownership rights on real estates for the above value. Maintaining the investment for 2 years you will get a lifetime Bulgarian citizenship and passport. We would like to remind our readers that normally (without investment) foreigner must first obtain temporary residence permit in Bulgaria, then renew it annually, and only after 5 years or residence is entitled to apply for permanent residency. An investment of €500,000 will get you a residence permit in this country. – the investor should obtain a permanent residence permit in the Republic of Bulgaria; – after 5 years on permanent residence in Bulgaria, the investor has the right to apply and receive Bulgarian citizenship; 4. Bulgaria is a EU and NATO member country in southeast of Europe, surrounded by Romania, Turkey, Serbia and Greece. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. Venture capital Investment fund. Bulgarian passport by investment. – Investment of 6 000 000 Lev in the raising capital of a local company which does not participate on the regulated stock market. … Bulgarian citizenship requirements for investors are as follows: On the Standard Track, an applicant would become a permanent resident on completing the qualifying investment. Our clients qualify for Permanent Residency via the Foreigners in the Republic of Bulgaria Act, Article 25 which was passed in August 2009 and ratified by the EU. Ask for a free calculation here. Full assistance will be provided to obtain the status of cohabiting couple. Under the Investment Promotion Act, foreign citizens must register a company with the Bulgarian Commercial Register or invest in real estate … The Bulgarian program is a two-stage procedure, explains Raia Petkova of Visa-Free Europe, a Sofia-based investment migration firm: “The first stage is a permanent residency card application, subject to an investment of minimum 512,000 euros. Long-term residence permits up to one year, and B. 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. By choosing I Accept below, you consent to our use of cookies and other tracking technologies. As part of our legal activities includes legal representation for real estate investors, we can perform all legal checks and purchasing of real estate in Bulgaria. Must have never been sentenced by a Bulgarian court for a capital offence or accused in crimina… BULGARIAN RESIDENCE FOR NON EUROPEAN CITIZENS BULGARIAN PROPERTIES and our team of lawyers can assist in obtaining a Bulgarian residence permit for NON EUROPEAN CITIZENS who have bought real estate properties in Bulgaria through our company. The temporary residence is a preconditon to apply for Bulgarian tax residency. Its role is only to direct to some and few of the points related to the concrete legal procedures, and should not be accepted as enough and/or applicable to any particular case. “Prolonged residence permit may be obtained by foreigners who hold a visa under Art.15, par.1 and wish to carry out non-profit activity after permission from the Ministry of Justice” – Art.24, par.1, p.16 of the Bulgarian Law for the foreigners. Feel free to contact us for more information – http://lexsofia.com/contacts/. The permanent residence permit is valid for the same duration as the applicant’s passport. This is an option different from continuous and permanent residence permits. €512,000 EUR. Art.40 of the Bulgarian Law on the Foreigners clearly stipulates the hypotheses when the residence permit will be revoked (after a divorce). Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. Permanent residency of Bulgaria is granted to citizens of … real estate. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. An open letter from our Client to the Bulgarian Parliament Wednesday January 13, 2021 Web meeting for new EU citizens who have obtained Bulgarian citizenship by investment in 2020 Friday January 08, 2021 BrExit and why Britons need EU citizenship Thursday December 31, 2020 Your Bulgarian citizenship application has been declined because of objection by the State Agency for National Security European But Not EU Member States’ Residency by Investment Programs It is also possible to apply for a 6-month period. Non-EU citizens who are retired in their home country can apply for a Bulgarian Pensioner D visa and temporary residence permit. The bonds are pledged by the government of Bulgaria and carry an investment credit rating of BBB by S&P and Baa2 by Moody’s. The fees for non EU students: application fee- 10 leva (5 Euro), Residence permit for12 months- 500 leva (250 Euro), ID Card: 45 leva (22,5 Euro); The investor will receive annual interest and at the end of the five-year period, the full amount of BGN 1 million (€511,292) will be returned to the investor. The applicant can enter the country when he or she wishes within this 6 months. The moratorium on receiving new applications regarding the acquisition of Citizenship by Investment of the Republic of Moldova will be extended by two months. The Company will assist in obtaining the Investor with the necessary address in Bulgaria. Long-term residence status is one of the possibilities that Bulgaria provides to foreigners – third-country nationals, since 2011. – Investment of at least 500 000 Lev in local company, where the investor is a shareholder and owns not less than 50% of the raising capital, and assets of the same value have been acquired, together with 10 job positions opened for Bulgarian citizens for the term of the residence, which is certified by the Ministry of Economics. The process of issuance of the residency card takes 3 week days. Consequently, Bulgaria’s improving economy will also continue to attract foreign investors and immigrants; many of whom will consider starting a business in Bulgaria , applying for a Bulgarian residence permit or Bulgarian citizenship . Permanent residence gives the same rights as BG citizens, except voting. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. The Bulgarian legislation is extremely favorable for these foreign investors who would like to invest in our country and at the same time to obtain residency permit or even Bulgarian citizenship through investment. Greece has approved inclusion of €400,000 Bonds, securities and shares expanding the golden visa scheme to include more investment options other than real estate. More about the options to obtain residency permit for Bulgaria through investment, you can read in the following article: PERMANENT RESIDENCE IN BULGARIA THROUGH GOVERNMENT SECURITIES, BULGARIAN CITIZENSHIP. The government bond portfolio is for an investment period of five years. Any foreign citizen of legal age and with a clean criminal record who is not considered a threat to national security and can invest a minimum of 1,000,000 BGN, thus making him or her eligible to apply for Bulgarian citizenship. As a general rule, the applicant will have to wait (keep the Investment) for 5 years and after this period he can apply for the citizenship. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. There is no physical residence requirements or fluency in Bulgarian language as required by the gener… The Investor will have to visit Bulgaria for apply and to personally pick up the residency card and the address card (this has to be done within 180 days from the issue of the D-type visa). Once the Principal Applicant’s process is completed, the family’s processing begins and lasts for a period of 6-8 months. A temporary residence certificate is issued and the long term residence card is issued within three months. Art.40 of the Bulgarian Law on the Foreigners clearly stipulates the hypotheses when the residence permit will be revoked (after a divorce). All terms are indicative and depend on state authorities. Permanent Residence Permit: In addition to the aforementioned investment, an alien may apply for a permanent residence permit if they have been legally and continuously resident in Bulgaria for 5 years and have not been absent for a cumulative period of more than 30 months. The purchase of Bulgarian Government Bonds is the best option for candidates with funds available for such volume of investment. Currently, Bulgarian residence permit grants visa-free travel to Romania, Cyprus and Croatia. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. After this, candidates immediately become eligible to apply for Bulgarian citizenship. This makes it an attractive option for someone looking to add an EU residence and an eventual passport to their portfolio without any cumbersome language or … The fees for non EU students: application fee- 10 leva (5 Euro), Residence permit for12 months- 500 leva (250 Euro), ID Card: 45 leva (22,5 Euro); You must hold Bulgarian long-term permit for 5 years before becoming eligible to apply for a permanent residence permit. This means an investor can get Bulgarian citizenship within just 2.5 years, without any physical residency requirements. The Bulgarian government bonds are 100% secure financial instruments with absolute liquidity. – Investment or increase with 1 000 000 Lev via acquiring of a) shares of local corporate entities, regulated by the local stock market; b) bonds and treasury bonds, as well similar instruments, that are issued by the State or by the Municipalities, for a period not less than 6 months; c) ownership right on corporate asset of a company having  50% or more governmental or municipal shareholding, following the Act of privatization and post-privatization control; d) shares or bonds, owned by the State or Municipality in local company following the same Act; e) Bulgarian Intellectual property – subject of author’s right and related rights, inventions protected with patent, useful models, trademarks, marks for services and industrial design; rights on concession contracts on the territory of Bulgaria; – Investment with more than 1 000 000 Lev into a licensed crediting authority in Bulgaria under trust management agreement for a 5-year-period, during which period the deposit could not be used for securing other credits by crediting authority in Bulgaria. To find out more or to opt-out, please read our, The moratorium on granting Moldovan citizenship will be extended by two months, Greece approves €400,000 Govt Bonds and Bank deposit for Golden visas, Moldova Citizenship by Investment Program Temporary Suspended. The Bulgarian residence by investment program is not for everyone, but it is one of the easiest countries to get into in Europe. *The above information does not represent legal advice. Work permit and residence for seconded employees. In December 2013, the Bulgarian Parliament passed legislation and made changes to the Bulgarian citizenship Act, according to which if an investor doubled the investment at any time after the first year from receiving permanent residency, he becomes eligible for citizenship within a further 6 months, rather than having to wait for the 5-year period to run out. An immigrant can obtain a permanent residence permit in Bulgaria after legal and continuous residence for a period of five years. has created 10 jobs for Bulgarian citizens, and these have to be maintained for the residence permit to remain valid. The Bulgarian citizenship by investment program is a two-stage procedure: The first stage is a permanent residency card application, subject to an investment of minimum 512,000 euros. Our experience shows that the most convenient and affordable way for a foreign national to obtain a Bulgarian D visa and Bulgarian residence permit is by way of registering a foreign company’s trade representative office in Bulgaria. To establish a foreign company in Bulgaria, applicants need to set up a trade representative office. The applicant applies in person for the Permanent Residence Permit (PRP), and then obtains a Bulgarian ID card 1 year from Permanent Residence Permit grant The applicant makes a second investment and receives a second Investment Certificate It’s a way to obtain a second citizenship and passport in another country by investing in its economy. After Bulgaria’s accession to the European Union, the country became an attractive and secure place for foreign investments. The required documents are published in Art. Applying for a permanent residence by investment. Bulgaria offers permanent residency through investment of €511,292 (BGN 1 million) in government bonds. There is a fee of 500 BGN for the 1 year period. 11, para. Our law firm has good experience in assisting clients in the above-detailed procedures, where we can provide legal advice about the requirements of the law and all the necessary documentation, as well as perform legal representation before all the local Authorities. – Registration of trade representation office in the local Trade Chamber of a foreign company, where we can prepare and perform the registration and all the related legal activities for the fulfillment of the legal requirements for obtaining residence. Since 1997 there is a currency board, established in Bulgaria and BGN is pledged to the Euro at the rate 1,95583. The investment is certified as qualifying by the Ministry of Economy (MoE) 30 days upon submitting the application. The residence permit takes about 14 days to issue. The Bulgarian government bonds are 100% secure financial instruments with absolute liquidity.

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