Month 1 – The investor purchases Bulgarian government bonds and the financial intermediary issues a confirmation certificate of the purchased bonds and portfolio valuation certificate. As one of the youngest EU member states, Bulgaria boasts a rich and diverse culture, temperate climate, and ideal location in Southeast Europe. 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. • Unrestricted right to live, work and study in Europe; Bulgarian Citizenship by Investment | Posolstvo.eu Is there a way to obtain Bulgarian citizenship and EU passport under a fast track program? Fast process to permanent residency (six to nine months); • Fast-track option allowing for citizenship within two years; • Special exemption from physical residence enforced with legislation; • No language requirements for residence or citizenship; • No obligation to relinquish current nationality; • Lowest tax rates and free trade environment within the EU. in Bulgaria The Republic of Bulgaria is one of several EU Member States which offer residence by investment (RBI) and citizenship by investment (CBI) We don’t pass anything to agents or subcontractors. http://www.loc.gov/law/help/investor-visas/bulgaria.php. 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. Find out the cost estimates for each program tailored to your family. • Access to high quality healthcare in Bulgaria and the EU; Month 3 – The investor receives a TIN (Tax Identification Number – also known as EGN) and applies for a permanent residence by investment. There are no requirements of physical residence in Bulgaria or fluency in the Bulgarian language for the family members. You can have a look at Advocate Vasil Markov’s, The client purchases government bonds of 512,000 EUR. 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. This does not apply if the applicant has been rehabilitated. Applications for the fast-track program are examined under express procedure. There are many, so called “golden visa” schemes in the EU, but you should make clear distinction between citizenship and residency (golden visa). The "fast track option" starts at … 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. 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; 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. 12a of the Bulgarian Citizenship Act (not required to be fluent in Bulgarian language) or after three years according to Art. 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. RSS, Our law firm specialises in assisting EU and non-EU nationals to obtain Bulgarian citizenship and passport by investment. 13, para. Our law firm specialises in assisting EU and non-EU nationals to obtain Bulgarian citizenship and passport by investment. The requirements for this option are as follows: • Have at least one year of permanent residency status; Children from 14 to 18 years of age can apply personally for Bulgarian citizenship. 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 fast-track option allows investors to apply for citizenship faster by doubling their investment. • Fast-track option allowing for citizenship within two years; The investor may apply for Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate. 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. The investor is required to maintain the investment for five years only if he/ she opts for the ordinary citizenship by investment. Our colleagues are fully authorized and approved by the Comoros government to handle Comoros and Saint-Lucia citizenship cases. The Investor Program for Residence and Citizenship in Bulgaria helps get you there faster with the following benefits: 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. The local bank will issue the confirmation certificate of the purchased bonds. Children from 14 to 18 years of age can apply personally for Bulgarian citizenship. 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. 12a of the Bulgarian Citizenship Act, Art. 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%. 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. 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. Unfortunately, the repo deals are not the right way of financing. • Government-approved investment; 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. 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. 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. 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. 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. The "fast track option" starts at … Under the express procedure, the cards are ready on the third business day following the day of application. Although in some rare instances, this investment can be financed (only by licensed credit institution), we strongly … Under these programs, a foreigner can become a citizen of the European Union in less than 3 years. If you have any queries regarding Bulgarian citizenship by investment, please do not hesitate to, overview of the Bulgarian citizenship by investment program, Art. This could lead to your citizenship application being refused. There are two statutory trips for each applicant at different stages of the process. Updated yearly, the Arton Index is an overall assessment and comparative benchmark of the country and its investment program. Visa-free access or visa-on-arrival access to 157 countries and territories. This site uses cookies to ensure that we give you the most relevant and refined experience. The Bulgarian fast-track option legal provisions ensure that the applicant’s investment receives the ultimate protection. However, the European Commission has launched many exchange programs between the EU Universities to enable students to have easier access to study abroad. 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. • Becoming a Bulgarian tax resident and pay only 10% flat tax rate on your worldwide income. | Legal Notes | Site Map | Bulgarian Citizenship Fast Track | Bulgarian Companies | Tax residence of Bulgaria | Contact | 通過投資獲得保加利亞公民身份 | How to buy a property in Bulgaria | Accounting services in Bulgaria | Buying a property in Plovdiv | 購買保加利亞房產 | 在保加利亞購買房產須知 Bulgaria has one of the most compelling citizenship by investment programs worldwide. To qualify for residency or citizenship, applicants must fulfill one of the investment options below in addition to meeting the following criteria: 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. The investor may purchase Bulgarian government bonds from his/ her local bank abroad. Unfortunately, spouses can obtain Bulgarian citizenship after holding, Children below 18 years old get Bulgarian citizenship immediately after the investor was granted Bulgarian citizenship. • Free state education to family members; BENEFITS FOR CITIZENS: 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). To learn the latest amendments of the Bulgarian citizenship program you can read our ultimate guide about Bulgarian citizenship by investment 2019. At the end of the five-year period, the full amount will be returned to the investor without any accrued interest. What does the “Fast-track” program for acquiring Bulgarian citizenship through investment entail? 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. Month 16 –  18 – Increasing the invested amount to approximately 1,024,000 EUR by purchasing new government bonds for 511 292 EUR followed by application for a Bulgarian citizenship and passport with the Ministry of Justice. 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. Please note however that there is no clearly defined and predictable path to citizenship through the Bulgarian “programme”. Speak to Global Mobility experts. Do you receive our monthly Global Citizen Newswire? • Fast process to permanent residency (six to nine months); Spouses get Bulgarian citizenship immediately after the investor has been granted Bulgarian citizenship. • Right to own land in a EU country; No obligation to relinquish current nationality. 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. 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 certificate should be legalized before it is forwarded to us. 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. Double the investment by purchasing €512,000 in government bonds or in the capital of a Bulgarian company that is carrying out a Priority Investment Project (as defined in the Investment Promotion Act). Lowest tax rates and free-trade environment within the EU. LinkedIn You may change your cookie settings at any time. 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 Bulgarian citizenship by investment program is stipulated in two Acts – The Foreigners of the Republic of Bulgaria Act and the Citizenship Act. Some countries like Bulgaria offer a fast-track to citizenship if you purchase an additional bond value. Usually presented as a citizenship by investment program, Bulgaria actually offers a residence by investment program with a fast-track option for citizenship. Timeframe. 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. Have at least one year of permanent residency status. Unfortunately, spouses can obtain Bulgarian citizenship after holding permanent residence for five years according to Art. Possess a valid passport or another foreign travel document. The requirements for this option are as follows: Financing options are available to qualified applicants. The fee to process dependents is included in our fee for the main applicant. | Hand Sanitizer Producer in Europe | Brokers traps to avoid when buying a real estate in Bulgaria | Антибактериален дезинфектант | Antibacterial Hand gel Ranked as the best citizenship by investment program in the European Union. The full investment in this case of €1,022,584 can be financed at €270,000. We will assist your spouse and dependents to obtain permanent residence and Bulgarian citizenship at no extra cost. Citizenship applications of spouses are considered within six months. The Bulgarian Investor visa is usually granted within 30 business days. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. Our law firm is collaborating with MultiTravel Consultants Inc., trustful and experienced consultants in obtaining Comoros and St. Lucia citizenship and passport. At the gateway of Europe. We may file the citizenship applications for the family members once the investor’s application is approved and Bulgarian citizenship and passport granted. See the power of global mobility for each passport. • No obligation to relinquish current nationality; LIST OF VISA FREE TRAVEL COUNTRIES FOR BULGARIA PASSPORT HOLDERS. An example is the Bulgarian citizenship for special merits program, where many football players got Bulgarian citizenship by playing for Bulgarian clubs. Under the Fast Track, the applicant must maintain the qualifying investment for two years past naturalisation. 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. Be a non-EU citizen. Potential applicants are advised to contact us for individual advice if they are considering this option. Conditional tax exemption on world income. Hold a second additional investment for a period of two years. Bulgarian government bonds are traded on the. Bulgarian citizenship and passport. Scout out opportunities for a new life for you and your family in Bulgaria. The investor does not need to invest his/ her own money of 1,024.000 EUR in government bonds. Then, the family reunification process can be started. 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… The fast-track option allows investors to apply for citizenship faster by doubling their investment. Schedule of obtaining Bulgarian citizenship by investment, The list of available investment projects can be found on the website of the. 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