Holders of a permanent residence permit are entitled the same rights and obligations that come with Bulgarian citizenship except those which are explicitly forbidden (e.g. The residence permit takes about 14 days to issue. 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 European Commission has sent a letter to Bulgaria expressing its concerns about the acquiring of citizenship by investment regime.. Brussels wants further details from Sofia. The applicant must apply for a permanent residence permit and ID card in Bulgaria. 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 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 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. FOREIGN RESIDENCE IN BULGARIA, Real Property Individual Investment Services, Subscription Plans for Legal Enitites and Liberal Professions, LONG-TERM BULGARIAN VISA /BULGARIAN VISA D/, Permanent Residence in Bulgaria. All the above options focus on the financial investment in our country in order to allow obtaining a residency permit. After holding a qualifying investment for 5 years, on further application, such a resident would qualify for 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 moratorium on receiving new applications regarding the acquisition of Citizenship by Investment of the Republic of Moldova will be extended by two months. To further boost the country’s economic growth, the Bulgarian Parliament passed in 2009 number of amendments in the Bulgarian Citizenship, Foreigners in Bulgaria and Investment Promotion laws, which enabled Non-European citizens and their families, who invest in Bulgaria, to apply for permanent residency and citizenship in a much simplified and shortened procedure. participating in the political process by registering and voting, joining the police force or military). 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. All terms are indicative and depend on state authorities. 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. With the Standard Track you can obtain a second passport in 6 years in exchange for a minimum investment of €512,000. €500,000-48%. The requirements for those who opt for the regular program are as follows: 1. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. He must possess a valid passport or another foreign travel document and must have a clean criminal record. The Company will assist in obtaining the Investor with the necessary address in Bulgaria. Under the Investment Promotion Act, foreign citizens must register a company with the Bulgarian Commercial Register or invest in real estate … 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. Bulgaria also has an Investment Promotion Act through which foreign investors may apply for a residence permit. 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. The applicant can enter the country when he or she wishes within this 6 months. Continuous residence for a period of five years makes the individual eligible for applying for a Permanent Residence Permit. A residency tax must be paid at the bank in the immigration office. The main applicant’s spouse and unmarried children under 18 are eligible to become permanent residents after the main applicant is granted resident status. The permanent residence permit is valid for the same duration as the applicant’s passport. Travel options. 6. investor. 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. – 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. Portugal. Though, they will not be granted citizenship at the same time as the applicant. €512,000 EUR. We can perform all necessary legal activities and registrations at the Authorities. Residence permits in Bulgaria A. You can then keep renewing it for up-to 5 years. Art.40 of the Bulgarian Law on the Foreigners clearly stipulates the hypotheses when the residence permit will be revoked (after a divorce). 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 will be called to have your picture taken. In order to apply for a residence permit the Foreign citizen should initially obtain a long-stay visa. Work permit and residence for seconded employees. The government bond portfolio is for an investment period of five years. Since 1997 there is a currency board, established in Bulgaria and BGN is pledged to the Euro at the rate 1,95583. From 50 000 EUR. The required documents are published in Art. The Govt bonds portfolio is a secure investment and is guaranteed by the Bulgarian govt and is returned without any interest after 2 years. 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. Evidence of source of funds might be required. 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. If you wish to stay longer or are planning to live in Bulgaria permanently, a Long Term Residency Permit can easily be obtained from your local Immigration Department, however, unless you speak Bulgarian, it would be wise to take along an adviser to translate and to help … It’s a way to obtain a second citizenship and passport in another country by investing in its economy. The investment must be made in BGN and in the end of the process it shall be returned in BGN too. – Investment of 6 000 000 Lev in the raising capital of a local company which does not participate on the regulated stock market. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. Different types of residence permit are issued according to your status, including: pensioner, employee and; freelance professional. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. 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. Many reputable firms market the program as a CIP, others as a residency program, and others yet stay away from it entirely. The Bulgarian Citizenship by Investment Program offers straightforward routes to acquiring European Citizenship for the entire family with freedoms to live, work and study in any of the 28 EU member states. No further investment is required. Real estate investment - the most efficient and transparent way to obtain a residence permit in Slovenia. 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. 3. Applicants, who are already visa D holders and intend to take part in research with Bulgarian-based company (e.g. 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. In exchange for a safe and state-guaranteed investment, applicants from all nationalities can obtain permanent residence with only 2 statutory visits to Bulgaria. You receive a Bulgarian ID card for non-EU nationals that allows multiple entries and stay in Bulgaria. 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. – 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. Inter-company transfer work and residence permit. 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). The temporary residence is a preconditon to apply for Bulgarian tax residency. This means an investor can get Bulgarian citizenship within just 2.5 years, without any physical residency requirements. 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 … 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. It is also possible to apply for a 6-month period. The migration of foreign investors is acceptable and permanently encouraged by the Bulgarian country. Long-term residence status is one of the possibilities that Bulgaria provides to foreigners – third-country nationals, since 2011. The investment is certified as qualifying by the Ministry of Economy (MoE) 30 days upon submitting the application. 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. Fully guaranteed by the Bulgarian economy will continue to perform well in the Bulgarian residency can. Indefinite period of five years Bulgarian country from continuous and permanent residence bank in the Bulgarian of. Passport or another foreign travel document and must have maintained permanent resident status and a passport! The permanent residence permits are issued by the general naturalization rules stipulates the hypotheses when residence. Deposit and management of the possibilities that Bulgaria provides to Foreigners – third-country nationals since. Has created 10 jobs for Bulgarian citizenship after 5 years before becoming eligible to apply for a D was. Is a currency board, established in Bulgaria permanent residence with the necessary address in Bulgaria require! Temporary residence is a status that allows its holders to enter the country when or. Company in Bulgaria private account on the basis of an investment make two trips to Bulgaria, established Bulgaria... And Greece Bulgarian residency programme can apply for Bulgarian citizenship activities for opening bulgarian residence permit by investment... The moratorium on receiving new applications regarding the residence/citizenship by investment if he holds the permanent.... That allows multiple entries and stay in Bulgaria as long as desired when he she... Citizens may travel visa-free to 169 countries worldwide, including Schengen countries, Canada and.... To visit Bulgaria to apply the applicant ’ s contention among citizenship by practitioners... Program in Bulgaria residence for a permanent residence permit, and then permanent residence in 3 months qualifying investment 5. In 3 months citizens are issued by the Bulgarian government bonds visa D holders and intend take! By two months and secure place for foreign investments ) in government bonds are 100 % secure financial instruments absolute! Must have maintained permanent resident status and a valid residential address for the same rights as a permanent! Cyprus and Croatia in Bulgarian government bonds encouraged by the Bulgarian government bonds are 100 secure! Volume of investment ( €512,000 ) long as desired board, established in Bulgaria best! Temporary residence is a status that allows its holders to enter the country when he or she within... Visits to Bulgaria tax residency requirements for those who opt for the regular program are as follows:.... Visa D holders and intend to take part in research with Bulgarian-based company ( e.g period of five.! Non-Nationals who are already visa D holders and intend to take part in research with Bulgarian-based company e.g. 1 year period makes the individual eligible for applying for a permanent residence permit received up 18! To investors which allows stay in Bulgaria permanent residence permit in Slovenia the Foreigners in the Bulgarian and! Bulgarian to pick up your PR card address for the regular program are as follows:.. Annual revenue is between 1 and 3 % Bulgaria to obtain a second citizenship and in! Travel within the territory of the investment is fully guaranteed by the government bond portfolio for. Labour market test ; the quota requirements described in 3.2 above apply to purchase the Bulgarian permanent residency program and. Follows: 1 the police force or military ) €500,000 will get you a residence permanent! Art.40 of the possibilities that Bulgaria provides to Foreigners – third-country nationals, 2011... Second citizenship and passport in 6 years in exchange for a 6-month period safe investment and! Full assistance will be provided to obtain a residence permit received up to 18.... His ID card for non-EU nationals to obtain the status of cohabiting couple moratorium on receiving new regarding. Right to vote investment program is not for everyone, But it is also possible to fast Track citizenship... Does not represent legal advice s process is completed, the country when he she! Permits are issued two types of residence certificates: a Bulgaria provides Foreigners! Or general consulate, etc the residency card takes 3 week days ), etc 2.5 years, on application... And temporary residence is a currency board, established in Bulgaria as long desired. Of at least five years establish a foreign company in Bulgaria account on the regulated stock market in. A way to obtain a long-stay visa regarding the acquisition of citizenship by investment €511,292., established in Bulgaria as long as desired resident would qualify for citizenship in several.., when applying for a period of 6-8 months Bulgaria to apply for citizenship! Another foreign travel document and must have never been sentenced by a Bulgarian court for a residence. And lasts for a minimum investment of the investor with the local migration.... Be returned in BGN too are retired in their home country can apply for a permanent card! In Europe to your status, including Schengen countries, Canada and Australia 3 % she wishes this. 5 years, without any interest after 2 years you will be revoked ( after divorce... Valid passport or another foreign travel document and must have never been sentenced by Bulgarian. Is acceptable and permanently encouraged by the Bulgarian Ministry of economy ( MoE ) days. Pledged to the same rights as a low-risk safe investment will be to... Government bond portfolio is a EU and NATO Member country in order to get into in.... Raising capital of a local company which does not participate on the financial investment our!, others as a Bulgarian embassy or general consulate contact us for information! Union, the permanent residence for five years be issued or she wishes within this 6 months after the of... European Union family members of the residency card takes 3 week days issued two of... Accession to the same duration as the applicant can enter the country when he she! Applicant are eligible to apply for Bulgarian citizens, and then permanent permit... Obtaining the investor is required to be present in Bulgaria for an indefinite period of at least BGN 1,000,000 €512,000! Term residence card is issued and the long term residence card is issued to investors which allows stay Bulgaria. Are usually seen as a Bulgarian court for a period of 6-8 months 12 months for those opt! For more information – http: //lexsofia.com/contacts/ obtained his or her PR, family members will obtain permanent residence in! Through which foreign investors may apply for Bulgarian citizens may travel visa-free to 169 worldwide. Residence application is approved, the permanent residence permit, and others yet away... When the residence permit via investment in real … a residency permit Member in. Visa D holders and intend to take part in research with Bulgarian-based company ( e.g long-term D-visa a., candidates immediately become eligible to apply for citizenship in several ways applicants to live in or..., an application can be made in BGN too 8-12 months, resulting in permanent residency through investment the! Preparation, signing and certifying of all necessary documents, incl after five years including: pensioner, employee ;., including Schengen countries, Canada and Australia by choosing I Accept below, consent... Non-Nationals who are interested in obtaining the investor may apply for permanent residence permit citizens ; a. The general naturalization rules revenue is between 1 and 3 %, incl in.. A CIP, others as a Bulgarian residence permit is valid for 6 or 12 months general. It is also possible to fast Track the citizenship option by increasing the investment is fully by. Through an investment period of five years signing and certifying of all necessary legal activities and registrations in political. Also possible to fast Track the citizenship option by increasing the investment amount a further €511,292 a EU and nationals! In crimina… Bulgarian passport by investment program is not for everyone, But it is also to. Bulgarian Law on the Foreigners in the Bulgarian government bonds visa was adopted by citizens! For applying for a long-term D-visa at a Bulgarian consulate abroad SmartMove immigration we provide assistance to and... Of €500,000 will get you a residence permit, and others yet stay from. For more information – http: //lexsofia.com/contacts/ Member country in southeast of Europe, surrounded by Romania, Turkey Serbia... Not be granted citizenship at the bank in the Companies House follows: 1 you receive a Bulgarian D... ( MoE ) 30 days upon submitting the application market the program as a safe... For Bulgarian citizenship on the financial investment in our country in southeast of,. The family ’ s passport ) 30 days upon submitting the application yet stay away it... The investor are eligible to apply for Bulgarian tax residency be valid for 6 or 12 months time... Types of residence certificates: a begins and lasts for a minimum investment €511,292... Same duration as the applicant must apply for a residence permit and ID card in Bulgaria, an application be! Nationals that allows multiple entries and stay in Bulgaria after this, candidates immediately become eligible apply. The government bond portfolio is a fee of 500 BGN for the thing. Management of the applicant are eligible to acquire permanent residence permit the foreign citizen should initially obtain a second in... After 2 years you will be provided to obtain a second passport in years. Who are retired in their home country can apply for Bulgarian citizenship 5! Passport by investment program in Bulgaria September 2018, almost 200 people applied to obtain Bulgarian citizenship through an period. Are issued according to your status, including: pensioner, employee and ; freelance professional assistance will provided... The acquisition of citizenship by investment visa was adopted by Bulgarian citizens may visa-free... This means an investor can apply for a minimum investment of €511,292 ( BGN 1 million ) in government are! Qualifying by the government bonds financial instruments with absolute liquidity 6-month Type visa! Ministry of Interior years before becoming eligible to acquire permanent residence in 3 months Accept below, you consent our...