Investor Program for Residence and Citizenship in Bulgaria
The investor program for residency and citizenship in Bulgaria was established in 2009. However, it was closed in the year 2022. During the time the program was up & running, it acted as the quickest way of getting a permanent residency as well as citizenship to high-net-worth individuals in Bulgaria – the youngest of the EU nations.
Once applicants got their applications granted, they were provided with permanent residency. After a period of 5 years, they were eligible to apply for citizenship, thus getting a Bulgarian passport.
Bulgaria had been the sought-after country by investors because of a lot of reasons. With a flat income tax rate of ten percent, the country had the lowest tax rates in Europe. It was even among the most stable economies in the EU. The currency of Bulgaria, the lev, was measured to the euro which makes the exchange rate to stay constant.
Doing business in Bulgaria was also quite easy for the investors as the government provided many incentives. Moreover, with Bulgaria being a new democracy, it had numerous business opportunities.
Its strategic location, with easy access to Asia through two primary ports, made Bulgaria an investor’s first choice.
Qualifying Criteria
- Contribute EURO €512,000 to Bulgarian ETFs and AIFs. You can also invest in the stocks of Bulgarian Companies registered on the Bulgarian Stock exchange
- You can fast-track your application process with EURO €1,024,000 for citizenship in 3 years
- Fulfill the medical and security requirements
- Meet all Bulgarian Immigration Regulations
FAQs
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According to the Guide Passport Ranking Index, the Bulgarian passport ranks 18th among the global passports. With a Bulgaria passport, you can travel visa-free to 143 countries.
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No, there are no requirements for physical residency in Bulgaria. The permanent residence can be upgraded to citizenship provided the residency is maintained for a period of 5 years.
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The Bulgarian permanent residence permit is valid for a period of 5 years.
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Residency by investment is the direct route to citizenship in Bulgaria. And to obtain citizenship, you must maintain the residency for 5 years.
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To obtain residency by investment in Bulgaria, you can contribute to Bulgarian ETFs and AIFs. You can also invest in the stocks of Bulgarian Companies registered on the Bulgarian Stock exchange
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The minimum investment amount required to get residency by investment in Bulgaria is EURO €512,000
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No, there are no minimum educational requirements for Bulgaria residency by investment.