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BULGARIA
The ideal gateway into the European economy and way of life, Bulgaria is diverse, culturally rich and perfectly placed for working and traveling in and around the continent.

WHY CHOOSE BULGARIA?

As one of the youngest EU member states, Bulgaria boasts a rich and diverse culture, temperate climate, and ideal location in Southeast Europe — and the Investor Program for Residence and Citizenship in Bulgaria helps get you there faster.

Benefits of the program:
  • Fast process to residency (six to nine months);
  • Fast-track option allowing for citizenship within two years;
  • Special exemption from physical residence enforced with legislation;
  • Guaranteed investment and available financing option;
  • No language requirements for residence or citizenship;
  • No obligation to relinquish current nationality;
  • Lowest tax rates and free trade environment within the EU.

Benefits for permanent residents:
  • Free movement within the Schengen countries after Bulgaria becomes a member state;
  • Access to high quality healthcare in Bulgaria and the EU;
  • Conditional tax exemption on world income.
Benefits for citizens:
  • Unrestricted right to live, work and study in Europe;
  • Right to own land in a EU country.

QUALIFICATIONS

Investment criteria


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. To qualify for application, you will need to meet one of the requirements outlined in the “Investment Options” section.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

  • Non-EU citizen;
  • Valid passport or another substitute foreign travel document;
  • Personal net worth greater than €1 million is required by banks for the financed investment option. For the full investment option, the net worth requirement is €511,292;
  • Documents supporting the source and origin of the declared and invested funds;
  • Proof that the applicant has no criminal record;
  • Attest the Power of Attorneys and the Investment Agreement;
  • Payment of application fees;
  • Make the minimum statutory trips to Bulgaria
INVESTMENT OPTIONS

Full Investment


Applicants choosing this option must deposit BGN 1 million (€511,292) in a Governmental Bond Portfolio for an investment period of five years, with no further payment required. At the end of the five-year period, the full amount of BGN 1 million (€511,292) will be returned to the investor without any accrued interest. The investment is fully guaranteed by the government bonds.

Financed Investment

For a set pre-paid fee, clients can leverage their capital by choosing the Financed Investment option. These individuals pay a reduced amount that will be used to finance a BGN 1 million (€511,292) closed 5.5-year loan from a Bulgarian chartered bank. This loan is initiated and repaid at no further cost to the investor.

Applicants choosing the Financed Investment option will need to demonstrate net worldwide assets of no more than €1 million, a requirement of the Bulgarian chartered bank.

FAST-TRACK CITIZENSHIP OPTION

The fast-track option allows investors to apply for citizenship faster by doubling their investment. The requirements for this option are as follows:
  • Have at least one year of permanent residency status;
  • Double the investment by putting €512,000 in government bonds or in the capital of a Bulgarian company which is carrying out a Priority Investment Project (as defined in the Investment Promotion Act);
  • Hold second additional investment for a period of two years.
Financing options are available to qualified applicants.
 
Citizenship applications for participants in the fasttrack citizenship program are examined under express procedure.

CITIZENSHIP REQUIREMENTS

In accordance with the Bulgarian Citizenship Act, foreign investors who hold a permanent resident permit for at least five years are eligible to apply for Bulgarian citizenship. The requirements for those who opt for the regular program are as follows:
  • Must be over 18 years old;
  • Must have maintained permanent resident status for the past five years;
  • 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).

Investors will need to file a citizenship application and pass medical tests in their current country of residence.

APPLICATION FEES

Application fees associated with the Investor Program for Residence and Citizenship in Bulgaria include government application fees, legal and translation fees,and service fees related to the background verification and validation of source of funds. The upfront nonrefundable fee for the main applicant and spouse is €25,000 with additional €2,500 for each qualifying dependent.

The processing fees for the fast-track option are charged in addition to the fees outlined above.

All application fees charged by the Bulgarian government and by Arton are subject to change.These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

STEPS AND TIMELINE

The table below breaks down the application process into eight basic steps. Some require the applicant’s involvement while others are taken care of by Bulgaria Capital or the competent Bulgarian financial institution (once power of attorney has been granted by the applicant). Each step must be completed before continuing to the next.

    THE PROCESS MONTH 1 STEP 1
File preparation. Anon Capital Issues pee-approval letter. Advisory and due diligence fees are due at this step.
STEP 2
Citizenship file submission.
STEP 3
Government’s Citizenship-by-Investment Unit Issues Approved in Principe letter.
STEP 4
Investment Certificate issued.
MONTH 3
STEP 5
Second appointment at a Bulgarian Consulate: application for Visa D.

MONTH 5
STEP 6
Visa D granted followed by a first trip to Bulgaria: submission
of Application for Permanent Residence (PR).
STEP 7
Permanent residence approved, followed by a second trip to Bulgaria:
submission of Application for Bulgarian PR card.

MONTH 8-9
STEP 8
Receipt of Bulgarian PR Card (three days after application).
Once the main applicant is issued the Bulgarian ID document, the
procedure for qualifying family members begins. The process for
obtaining a Bulgarian ID may take six months (this includes
two mandatory trips to Bulgaria for each qualifying family member).
 
 
GI_Name

6,981,642


Population Growth
1.26%

18,300 USD

GDP (per capita)
GDP (purchasing power parity)
1.605 billion USD (2012)

160

Visa free countries


LOCATION
Southeast Europe

CAPITAL
Sofia

TIME DIFFERENCE
UTC+2

TOTAL AREA
110,879 km2

AGE DEMOGRAPHICS
0-14: 14.2%, 15-64: 66.9%, 65+: 18.9%
 
LANGUAGE
Bulgarian: 76.9% Turkish: 8.2% Roma: 3.8% Other: 11.1%

RELIGIONS
Eastern Orthodox: 59.4% Muslim: 7.8%, Other: 29.1%, None: 3.7%

GOVERNMENT TYPE
Parliamentary democracy

CURRENCY
Bulgarian Lev (BGN), tied to EUR

EXCHANGE RATE
1 EUR = 1.95583 levs
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Canex Immigration are specialist in Visa and Immigration services for Skilled Workers, Business Class intending to invest in Canada, Family immigration, Work Permit Visas, Canada Student Visas. We has served people from around the World, majorly from INDIA, SRI LANKA, BANGLADESH, PAKISTAN, MIDDLE EAST, SAUDI ARABIA, KUWAIT, DUBAI, NIGERIA, PHILLIPPINES. We offer Counseling, Free Evaluation and assessment services.
 
 
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