If the holder is absent from EU territory for more than 12 months, permanent residence received on the basis of Bulgarian origin or investment may be revoked. 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. 6. investor. Art.40 of the Bulgarian Law on the Foreigners clearly stipulates the hypotheses when the residence permit will be revoked (after a divorce). To be eligible to apply the applicant must make a full investment option of at least BGN 1,000,000 (€512,000). The purchase of Bulgarian Government Bonds is the best option for candidates with funds available for such volume of investment. 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. The second stage is the citizenship application. However, the Foreigners in the Republic of Bulgaria Act allows investors to bypass residence and language requirements through the following passive and active investment options. Applying for a permanent residence by investment. Bulgaria Citizenship by Investment. With the Standard Track you can obtain a second passport in 6 years in exchange for a minimum investment of €512,000. Permanent residency of Bulgaria is granted to citizens of … There’s also a permit category for those investing in Bulgaria, but as the minimum investment is US$500,000, it won’t suit everyone! The applicant can enter the country when he or she wishes within this 6 months. The government bond portfolio is for an investment period of at least five years. Procedure and Investment requirements Non-EU nationals and their families (spouse and children below 18) can apply for Permanent Residence in Bulgaria if they invest in several financial instruments. There is a reduced minimum investment of €350,000 for those who want to take on a … Art.40 of the Bulgarian Law on the Foreigners clearly stipulates the hypotheses when the residence permit will be revoked (after a divorce). The country has produced streamlined legislation to create an efficient process by which non-EU residents may obtain a residence permit - and citizenship if so desired - based on investment. As of September 2018, almost 200 people applied to obtain Bulgarian citizenship on the basis of an investment. To establish a foreign company in Bulgaria, applicants need to set up a trade representative office. In exchange for a safe, state-guaranteed and fully refundable investment of 512,000 EUR, applicants from all nationalities can obtain permanent residence with only a single visit to Bulgaria. 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. Be of the age of maturity (note: children under 18 obtain citizenship when one of their parents becomes a citizen); Must have maintained permanent resident status and a valid residential address for the past five years; Has not been sentenced for a premeditated criminal offence and is not subject to criminal proceedings for such an offence; Possesses an income and/or occupation allowing him or her to subsist in the Republic of Bulgaria. 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 moratorium on receiving new applications regarding the acquisition of Citizenship by Investment of the Republic of Moldova will be extended by two months. From 50 000 EUR. 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. The requirements for this option are as follows: If Investors utilize the above mentioned options, they will be eligible for citizenship within 6 months of the additional investment. 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. 2. By origin. BULGARIAN RESIDENCE PERMIT BY INVESTMENTS IN VARIOUS BEACH-FRONT PROPERTIES If you are looking to relocate your capital, consider obtaining residence permit in Bulgaria through opening a business and investing in a Bulgarian property 5. Evidence of source of funds might be required. Long-term residence status is one of the possibilities that Bulgaria provides to foreigners – third-country nationals, since 2011. Ask for a free calculation here. Bulgaria Investor Residency Any individual desirous of residing in Bulgaria for more than three months within a six month period is required to obtain an extended residence permit with a validity of one year. Bulgarian legislation considers cohabiting couples as a family. – 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. 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. It is a status that allows for unrestricted travel within the territory of the European Union. You can then keep renewing it for up-to 5 years. Portugal. Family reunification process can be started. The processing time for the Applicant is currently 8-12 months, resulting in Permanent Residency status. 10 of the Foreigners in the Republic of Bulgaria Act. This can be accomplished through different types of investment options including real estate, government bonds, establishing a business, development programs, etc. 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. The Foreign citizen has been issued a work permit by the Bulgarian Employment Agency, and; The Foreign citizen conducts business activities in Bulgaria, provided that the Foreign citizen has employed at least 10 Bulgarian nationals, etc. Once the Principal Applicant’s process is completed, the family’s processing begins and lasts for a period of 6-8 months. Permanent residence permits are issued by the Bulgarian Ministry of Interior. The investment is fully guaranteed by the government bonds. In return a permanent residence permit is issued to investors which allows stay in Bulgaria for an indefinite period of time. Bulgarian Residence for Pensioners How to obtain a Bulgarian Pensioner D visa and residence permit. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. Venture capital Investment fund. Bulgaria is a EU and NATO member country in southeast of Europe, surrounded by Romania, Turkey, Serbia and Greece. You should also have at least the equivalent of one month’s minimum wage 235.20 EUR per month (Jul 2017) in the account. Bulgaria is a member of the European Union. The second stage is the citizenship application. – 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. The main applicant’s spouse and unmarried children under 18 are eligible to become permanent residents after the main applicant is granted resident status. Permanent residence gives the same rights as BG citizens, except voting. Currently, Bulgarian residence permit grants visa-free travel to Romania, Cyprus and Croatia. 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. Applicants, who are already visa D holders and intend to take part in research with Bulgarian-based company (e.g. A main applicant’s spouse is only eligible if the spouses have been married for no less than five years at the time of application. A residency tax must be paid at the bank in the immigration office. A temporary residence certificate is issued and the long term residence card is issued within three months. Have at least one year of permanent residency status; Double your investment in bonds in the second year followed by application for a Bulgarian citizenship and passport with the Ministry of Justice. Once the residence application is approved, the permanent residence card shall be issued. Bulgarian Citizenship by Investment Program was introduced back in 2014 by changes in Bulgarian Citizenship Act and Foreigners in the Republic of Bulgaria Act and since then it has been offering different opportunities to foreign business investors to gain fast track Bulgarian citizenship in a … 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. You will be called to have your picture taken. Non-EU citizens who are retired in their home country can apply for a Bulgarian Pensioner D visa and temporary residence permit. 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. The permanent residence permit is valid for the same duration as the applicant’s passport. ... investment in real … EU Blue Card. powers of attorney, to enable the proxy to represent the Investor before the various Bulgarian authorities during the application process – to conclude an agreement with Investment Intermediary in Bulgaria, to open an account on the name of Investor and to make the investment (i.e. We can perform all necessary legal activities for opening the deposit and management of the investment during the required period. The applicant must apply for a permanent residence permit and ID card in Bulgaria. The Govt bonds portfolio is a secure investment and is guaranteed by the Bulgarian govt and is returned without any interest after 2 years. Bulgaria is a part of the European Union, therefore with its passport, it is allowed to live, work and study in any state of the region without restrictions. After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. 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 Residence certificates. 6-Month Type D Visa A permit can be granted to family members of a Bulgarian citizen or foreign citizen residing in the country on an extended, long-term, or permanent residence permit under extraordinary circumstances. Temporary residence by investment in Real Estate The law requires the applicant to invest in real-estate in Bulgaria the amount of 312, 000 € in order to obtain temporary residence. 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 . If eligible, the investor can apply for citizenship in Bulgaria or at a Bulgarian consulate abroad. – 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. In exchange for a safe and state-guaranteed investment, applicants from all nationalities can obtain permanent residence with only 2 statutory visits to Bulgaria. The Company will assist in obtaining the Investor with the necessary address in Bulgaria. In discussions about the program, a number of questions tend to come up: This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. There is no physical residence requirements or fluency in Bulgarian language as required by the gener… Holders of a Bulgarian D visa and residence permit can reside legally in Croatia, Cyprus, Romania and Serbia for 90 days in any 180 days period visa free. 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. 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