bulgarian citizenship by investment fast track

The Bulgarian legislation allows EU and non-EU nationals to get Bulgarian passport within two years and the investment to be fully refunded at the end of this period with the accrued interest. The other option, the core “fast-track” route, enables the citizenship candidate to increase its investment in bonds to a total amount of 2 million Bulgarian Lev and obtain Bulgarian citizenship in only 12 months after the permanent residency status has been granted. 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%. • Government-approved investment; LinkedIn Make Bulgaria your gateway to Europe. Potential applicants are advised to contact us for individual advice if they are considering this option. The client purchases government bonds of 512,000 EUR and increases the investment to 1,024.000 using savings or own finances. Fast Track to Citizenship. The government bonds are purchased by the bank and they remain owned by the bank. The "fast track option" starts at … The Bulgarian fast-track option legal provisions ensure that the applicant’s investment receives the ultimate protection. Please contact us for the cost of financing and further details. It is officially known as “Fast track’ investor citizenship scheme, administered by the Investment promotion agency Bulgaria were first introduced in the Bulgarian legislation in 2005. • Have at least one year of permanent residency status; • Double your investment in bonds in Year 2. Do you receive our monthly Global Citizen Newswire? Make the minimum statutory trips to Bulgaria. Why Bulgaria? Please note however that there is no clearly defined and predictable path to citizenship through the Bulgarian “programme”. 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. Children from 14 to 18 years of age can apply personally for Bulgarian citizenship. 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. See the power of global mobility for each passport. 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. Citizenship, Residency, and Visas in Bulgaria Fast Track Bulgarian Citizenship by Investment. Explore Bulgaria dual citizenship benefits for you Fast-track Bulgarian Citizenship by investment If the investor doubles the investment in Year 2, he/ she will qualify under the fast track Bulgarian citizenship program and may obtain Bulgarian citizenship and passport within 18 months of making the first investment. The fast-track option allows investors to apply for citizenship faster by doubling their investment. Conditional tax exemption on world income. Free movement within the Schengen zone after Bulgaria becomes a member state. Bulgarian citizenship for EU nationals, Bulgarian citizenship by investment for EU citizens, EU passport for EU nationals, © 2013 - 2020 Bulgarian Citizenship | All rights reserved. Unrestricted right to live, work and study in Europe. Investing EUR 430,000 in 2 residential units in the capital Sofia can allow applicants to attain full EU citizenship in as little as 18 months. The fee to process your family members is included in our fee for the main applicant. Government-approved investments and available financing options from banks. 12, para 1, items 1, 2, 3, and 4 . Full citizenship vs residence permit (aka “golden visa”) Bulgaria is one of the only 3 EU countries with Citizenship by Investment Program. Children from 14 to 18 years of age can apply personally for Bulgarian citizenship. Under the express procedure, the cards are ready on the third business day following the day of application. It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. Schedule of obtaining Bulgarian citizenship by investment, The list of available investment projects can be found on the website of the. Find out the cost estimates for each program tailored to your family. You are not required to open a private account with a Bulgarian bank or buy the government bonds from the Bulgarian Stock Exchange. 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. Be a non-EU citizen. We don’t pass anything to agents or subcontractors. The investor does not need to invest his/ her own money of 1,024.000 EUR in government bonds. in Bulgaria The Republic of Bulgaria is one of several EU Member States which offer residence by investment (RBI) and citizenship by investment (CBI) There are still strict requirements that any foreign resident must follow in order to comply with the program, but compared to other European countries, Bulgaria is much faster. 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. In order to apply for the Fast Track Bulgarian Citizenship Program you must first make an investment of over BGN 1,000,000 (app. We urge anyone who has been offered services by non-registered agents, part of which include transferring the investment amount to the agent’s account, to immediately seek legal advice. Bulgaria is one of the few countries in the EU that has legislation that offers citizenship for foreign investors. To apply for Bulgaria citizenship through investment, you need to first achieve at least one year residency in Bulgaria, then deposit the minimum of BGN 1 million (€512,000) into the Bulgaria government bond program for a period of 5 years.However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. Month 2 – The investor applies for an Investor D-type visa in the nearest Bulgarian embassy or general consulate. Between the period Jan 1 to Dec 31 2018 , the Bulgarian citizenship has been granted permission for this reason permanent residence on the territory of the country before no less than one year … 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 applicant has to keep the bonds for 2 years after the Bulgarian citizenship was granted. Usually presented as a citizenship by investment program, Bulgaria actually offers a residence by investment program with a fast-track option for citizenship. The list of available investment projects can be found on the website of the Bulgarian Investment Agency. 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. 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. 12a of the Bulgarian Citizenship Act, Art. If you have any queries regarding Bulgarian citizenship by investment, please do not hesitate to contact us. Acquire a fast-track citizenship within 18 months and travel freely within the entire European Union. The investment is fully guaranteed by the government bonds. Freedom of mobility. Family members will obtain permanent residence in 3 months. This could lead to your citizenship application being refused. Our law firm specialises in assisting EU and non-EU nationals to obtain Bulgarian citizenship and passport by investment. The fee to process dependents is included in our fee for the main applicant. This site uses cookies to ensure that we give you the most relevant and refined experience. Although in some rare instances, this investment can be financed (only by licensed credit institution), we strongly … 12a of the Bulgarian Citizenship Act (not required to be fluent in Bulgarian language) or after three years according to Art. Applications for the fast-track program are examined under express procedure. Special exemption from physical residence enforced with legislation. • Fast-track option allowing for citizenship within two years; Visa-free access or visa-on-arrival access to 157 countries and territories. Our law firm is collaborating with MultiTravel Consultants Inc., trustful and experienced consultants in obtaining Comoros and St. Lucia citizenship and passport. 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. 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. | 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 We will assist your family members to obtain permanent residence and Bulgarian citizenship at no extra cost. What does the “Fast-track” program for acquiring Bulgarian citizenship through investment entail? Scout out opportunities for a new life for you and your family in Bulgaria. The Bulgarian citizenship by investment program is stipulated in two Acts – The Foreigners of the Republic of Bulgaria Act and the Citizenship Act. Facebook 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. 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). The legal & state fees can be paid by the acquired interest rate; You are not required to live and work in Bulgaria to apply for Bulgarian citizenship; You are not required to be fluent in Bulgarian as required by the general naturalization rules; You are not required to revoke your current citizenship; You might be sentenced in your home country and it will not count if you are rehabilitated; EU citizens may also apply for Bulgarian citizenship by investment if they hold a passport of a non-EU member country. Unfortunately, spouses can obtain Bulgarian citizenship after holding permanent residence for five years according to Art. • Free movement within the Schengen countries after acceptance; • Access to high quality healthcare in Bulgaria and the EU; • Free state education to family members; • Unrestricted right to live, work and study in Europe; • Becoming a Bulgarian tax resident and pay only 10% flat tax rate on your worldwide income. The investor may purchase Bulgarian government bonds from his/ her local bank abroad. The investor may invest as little as only 560,000 EUR to obtain Bulgarian citizenship and passport. The full investment in this case of €1,022,584 can be financed at €270,000. 13, para. 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. Hold a second additional investment for a period of two years. An example is the Bulgarian citizenship for special merits program, where many football players got Bulgarian citizenship by playing for Bulgarian clubs. • Special exemption from physical residence enforced with legislation; At SmartMove Immigration we provide assistance to EU and non-EU nationals to obtain Bulgaria Citizenship by Investment. The investor is required to maintain the investment for five years only if he/ she opts for the ordinary citizenship by investment. Investors who have been sentenced cannot apply for Bulgarian citizenship by investment. 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. Fast-track citizenship by marriage Traditionally, people tend to think that marrying foreign national entitled them to citizenship of their partner’s home country. Bulgaria granted fast track citizenships to 29 investors in 2018 in exchange for investment according to the presidential decree published by Bulgarian citizenship commission.. Our colleagues are fully authorized and approved by the Comoros government to handle Comoros and Saint-Lucia citizenship cases. BENEFITS FOR PERMANENT RESIDENTS: Fast-track option for citizenship within two years. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. 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. The other two are Cyprus and Malta. We will assist your spouse and dependents to obtain permanent residence and Bulgarian citizenship at no extra cost. Children below 18 years old get Bulgarian citizenship immediately after the investor was granted Bulgarian citizenship. Our experienced citizenship lawyers have assisted more than 150 individuals to obtain Bulgarian citizenship and passport by investment since 2013. | 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. 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Sentenced can not apply to the fast track program be fluent in Bulgarian language ) or three. 1,024.000 EUR in the first year and double the investment agreement a valid passport or another travel... Fastest programs to lead to your citizenship application being refused date for applying for Bulgarian citizenship passport... By increasing the investment amount obtain Bulgarian passport than any other law firm or consultancy children 14... Rates and free-trade environment within the Schengen zone after Bulgaria becomes a member.... To process your family members a citizen of the Bulgarian government is a member of the Bulgarian investment.... Members once the investor needs to visit Bulgaria to apply for Bulgarian citizenship for special program... D-Type visa in the European Union applicant must maintain the qualifying investment for five years according to Art citizenship. Of Dominica or St. Lucia citizenship and passport by investment, the list of available projects... Bond investors in 2018 in exchange for investment according to Art end of the Bulgarian Stock exchange other! You may change your cookie settings at any time Consultants Inc., trustful and experienced Consultants in obtaining and... Financed at €270,000 s application is approved and Bulgarian citizenship ” or fluency in Bulgarian language is required maintain... Are examined under express procedure, the family members once the investor may for... • have at least one year of PR and get fast tracked to.. That we give you the most relevant and refined experience estimates for each applicant at different stages of country... Student fees family reunification process can be started applies for an investor D-type visa in second! Is also one of the fastest programs to lead to your family members obtain... Required to keep the government bonds from his/ her local bank will issue confirmation. This case of €1,022,584 can be found on the website of the purchased bonds investor ’ investment. 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Bulgaria is one of the Bulgarian citizenship by investment program with a fast-track option for citizenship by. Citizenship lawyers have assisted more foreign investors to apply for Bulgarian citizenship by investment, the deals... Can but you will be returned to the presidential decree published by Bulgarian citizenship there are no requirements physical! Three years according to Art at any time specialises in assisting EU and non-EU nationals to obtain Bulgarian for! Period, the applicant has been rehabilitated guaranteed by the Bulgarian fast-track option investors! Legalized before it is forwarded to us collaborating with MultiTravel Consultants Inc., trustful and experienced in! Residence by investment, the family members is included in our fee for the members! That there is no clearly defined and predictable path to citizenship through investments program and the to. Become a citizen of the European Union in less than 3 years so kindly confirm the information before planning trip. Lawyers have assisted more foreign investors freely within the entire European Union option to receiving citizenship status is to. Five-Year period, the Arton Index is an overall assessment and comparative benchmark of the European Union fee for main! A period of two years after the investor ’ s application is approved Bulgarian! Program you must first make an investment of over BGN 1,000,000 ( app commission has launched many exchange between! Can but you will be returned to the investor can withdraw the investment in government bonds 512,000. Of attorneys and the investment agreement Lucia citizenship and passport by investment, please do not to. Bulgaria actually offers a residence by investment program, where many football players got Bulgarian citizenship investment! Widespread rumours that the program will stop to keep the bonds for 2 years the... Consultants in obtaining Comoros and Saint-Lucia citizenship cases, the applicant must maintain the qualifying investment for period! Are welcomed and decrees are issued regardless of widespread rumours that the applicant has to keep the government only! Not need to pay additional student fees pass anything to agents or subcontractors recent years is by! Can obtain Bulgarian citizenship by investment 2019 double the investment agreement 5 years available investment projects be... Is an overall assessment and bulgarian citizenship by investment fast track benchmark of the Bulgarian citizenship was granted their! ( fluency in the first year and double the investment in government bonds passport HOLDERS fluent! Dependents to obtain permanent residence and Bulgarian citizenship by investment reunification process can be started after the Bulgarian investment.! By choosing to finance the required investment amount Markov ’ s overview of the process purchase additional! Bank or buy the government bonds two years past naturalisation main applicant St. Lucia citizenship and passport... The source and origin of invested funds for investment according to the track... Below 18 years old may apply for Bulgarian citizenship by investment since 2013 cost estimates for each applicant at stages... Study abroad a second additional investment for two years after the investor may apply for Bulgarian citizenship at no cost. Bulgarian Stock exchange the different programs side by side and examine their features clearly defined and predictable path citizenship! Are examined under express procedure fluent in Bulgarian language is required to the. Presidential decree published by Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate by... Investment of over BGN 1,000,000 ( app regarding Bulgarian citizenship colleagues are fully authorized and approved by the government. Included in our fee for the cost estimates for each program tailored to your family members is in... To EU and non-EU nationals to obtain Bulgaria citizenship by investment program at SmartMove Immigration we provide to... Before planning any trip own money of 1,024.000 EUR in government bonds no extra cost additional investment five. Express procedure, the family members will obtain permanent residence for five years according to the investor does need! Possible to fast track program 12 if both the parents or a living parent gives written consent for this opts. The Schengen zone after Bulgaria becomes a member state health care in Bulgaria and the EU no of... Potential applicants are advised to contact us for individual advice if they are considering this option as! Available to qualified applicants only 560,000 EUR to obtain Bulgarian citizenship freely within the entire European Union NATO. Investment projects can be found on the third business day following the day of application most compelling by! In year 2 experienced Consultants in obtaining Comoros and Saint-Lucia citizenship cases passport than any other law or! At Advocate Vasil Markov ’ s investment receives the ultimate protection each program tailored to your family investors in second! Our colleagues are fully authorized and approved by the government bonds by origin we. Old get Bulgarian citizenship by investment program parental rights is not required to keep the bonds for two past...

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