Bulgaria Residency / Citizenship by Investment

Bulgaria Citizenship and Residency

Security. Opportunity. Peace of mind.


European citizenship & passport for investors and their families. Live and work in the EU.


In an effort to support the country's economy, Bulgaria is offering residency or citizenship status to foreign investors. The Bulgarian passport is similar to the passports of Germany, France, or any other EU country; Bulgaria passport holders may live, work or study in any country belonging to the European Union.  

International business executives, investors, VIPs as well as affluent citizens worldwide consider an alternative residency or citizenship a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable. 

Live, work or study in any of the EU countries

The Bulgarian Immigration by Investment programs provide for affluent persons of impeccable standing and repute, including their families, to receive the Bulgarian citizenship (EU passport) on the basis of an investment in Bulgaria. Once citizenship is granted, the applicant and his/her family may live, work or study in any of the member countries of the European Union.

Applicants are not required to continuously live in Bulgaria before or after citizenship approval.

Visa free travel to over 150 countries

Bulgarian citizenship offers full European Union benefits, including Schengen borderless travel. This means visa-free travel to more than 150 countries in the world.

A better quality of life for the family

Bulgaria is a safe country that enjoys a low cost of living index. Bulgaria is rich in tourist sights and historical artifacts which are located throughout the country's easily accessible territory. Bulgaria is also known for its seaside and winter resorts and offers a modern infrastructure ranging from reliable phone and internet service to secure banking.

Bulgaria Permanent Residency

Residency allows the applicant to live in Bulgaria as long as desired. Citizenship may be applied for after 60 months (5 years) in permanent residency status. The processing time for residency is about six months.

The lowest cost option to obtain residency is a financing package at a total cost of Euro 185,000.

Bulgaria (EU) Citizenship

Bulgarian citizenship, meaning the EU passport, allows the applicant to live, work, and study in any of the EU member countries, not just Bulgaria. In addition, Bulgarian citizens can live in the USA by applying for an E2 Visa.

With "standard processing" an applicant may apply for citizenship after 60 months (5 years) in permanent residency status. There are two investment options available:

   (1) Government Bonds Purchase / Standard Processing. The applicant purchases government bonds. Initial expense, including all fees: EUR 600,000. The applicant may sell the bonds after 5 years for approximately EUR 512,000. Total cost after selling: EUR 88,000.

    (2) Financing Package / Standard Processing. Total cost, including all fees: EUR 185,000. The applicant does not receive ownership of the financed assets.


With "fast track processing" the time to EU citizenship and passport is reduced to only 18 months. Investment options include:

    (1) Government Bonds Purchase / Fast Track Processing. The applicant purchases government bonds. Initial expense, including all fees: EUR 1,112,000. The applicant may sell the bonds after 5 years for approximately EUR 1,024,000. Total cost after selling: EUR 88,000.

    (2) Real Estate Purchase / Fast Track Processing. The applicant purchases real estate in Bulgaria. Initial expense, including all fees: EUR 500,000. The applicant may sell the property after 7 years for EUR 412,000. Total cost, after selling: EUR 88,000.

    (3) Financing Package / Fast Track Processing. Total cost, including all fees: EUR 270,000. The applicant does not receive ownership of the financed assets.


Please note: If you select a Financing Package you will not receive ownership of the assets. The benefit of selecting a Financing Package is a much lower upfront expense when compared to the purchase options. Some clients do not have access to the large upfront payment a purchase option requires, while some simply prefer to invest their free cash into other investments instead of tying them up for several years in Bulgaria.

In case a larger upfront payment is not an issue for you, and hence you select a purchase option, you receive ownership of the assets. Because you own the assets you may sell them again after the minimum holding period and receive the proceeds from the sale. Accordingly, if you select the purchase option for government bonds you may earn interest each year (please ask us about the current interest rates).


Please contact us for a detailed cost estimate or confidential consultation, or to receive additional information.  Our associated immigration specialists are ready to assist you with attaining your investment objectives and answer any questions you might have about all of Bulgaria's Residency / Citizenship by Investment programs.
 


Bulgaria Residency / Citizenship by Investment

Program Information


Maltese Passport
The government of Bulgaria is offering Bulgarian residency and citizenship (European citizenship) to foreign investors who contribute to the country's economic development.

Bulgaria, located in Southeast Europe, at the crossroads between Europe and Asia, is a stable, neutral and respected member of the European Union since 2007. The country has produced streamlined legislation to create an efficient process by which non-EU residents may obtain a residence permit - and citizenship if so desired - based on investment.

The Bulgarian permanent residency program allows the applicant to live in Bulgaria as long as desired. Citizenship may be applied for after 60 months (5 years) in permanent residency status. The processing time for residency is about six months.

The Bulgarian citizenship by investment program offers affluent persons of impeccable standing to receive Bulgarian (EU) citizenship on the basis of an investment in Bulgaria. EU citizenship grants the permission to live, work or study in any country of the European Union.

There are no language skill requirements, no donations, and no minimum stay requirements.

Applicants are not required to continuously live in Bulgaria before or after citizenship approval. All investment options to citizenship allow for one application to cover the husband, wife, parents and all children of any age.

In addition, Bulgarian citizens can live in the USA by applying for a E2 Visa due to the country's E2 reciprocity agreement with the United States.

Qualified candidates include international business executives, investors, public figures / VIPs, and private citizens who meet the minimum application requirements.

 

Application Requirements / Eligibility


To qualify for any of the immigration by investment programs the main applicant must be at least 18 years of age and have a clean criminal record. The main applicant may also add dependents to a residency or citizenship application, including his/her spouse, and children.

The following provides a summary of the minimum investment requirements. Please use our contact form to obtain a complete checklist of application documents which depends on the number of family members to be included.

A) Bulgaria (EU) Citizenship. This program offers Bulgarian citizenship, the European passport, and all benefits of full EU citizenship. As a EU citizen you are allowed to live, work, study in any of the 26 European Union countries. EU citizenship also grants you access to all investment opportunities throughout the EU member nations, as well as visa-free travel to more than 150 countries in the world.

Investment Option #1: Government Bonds Purchase. The applicant purchases government bonds and receives ownership of these bonds.

For standard processing (passport in 60 months), the initial expense including all fees is EUR 600,000. After the required holding period of 60 months the investor can sell the bonds for approximately EUR 512,000. Therefore, the total cost after selling is EUR 88,000.

For fast track processing (passport in 18 months), the initial expense including all fees is EUR 1,112,000. After the required holding period of 60 months the investor can sell the bonds for approximately EUR 1,024,000. Therefore, the total cost after selling is also EUR 88,000.



Investment Option #2: Real Estate Purchase. The applicant invests in Bulgarian real estate and receives ownership of this property, but he does not receive the right to use it for himself or to rent it out for 84 months (7 years).

For fast track processing (passport in 18 months), the initial expense including all fees is EUR 500,000. After a holding period of 84 months the applicant can sell the property back to the developer at a fixed price of 412,000 Euros, or use it for himself, or lease it out and collect rent. Therefore, the total cost after selling is EUR 88,000.


Investment Option #3: Financing Package.
The total cost, including all fees, is Euro 185,000 for standard processing (passport in 60 months) or Euro 270,000 for fast track processing (passport in 18 months). The applicant does not receive ownership of the financed assets.

 

B) Bulgaria Permanent Residency. This program offers residency in Bulgaria, meaning the permission to live in Bulgaria as long as desired. All investment options described above are also available to applicants who wish to pursue residency only. Residency is granted usually within 6 months of filing an application. The applicant may file for citizenship after five years in permanent residency status.


Please note: If you select a Financing Package you will not receive ownership of the assets. The benefit of selecting a Financing Package is a much lower upfront expense when compared to the purchase options. Some clients do not have access to the large upfront payment a purchase option requires, while some simply prefer to invest their free cash into other investments instead of tying them up for several years in Bulgaria.

In case a larger upfront payment is not an issue for you, and hence you select a purchase option, you receive ownership of the assets. Because you own the assets you may sell them again after the minimum holding period and receive the proceeds from the sale. Accordingly, if you select the purchase option for government bonds you may earn interest each year (please ask us about the current interest rates).


Please use our contact form to obtain a complete checklist of application documents and a fee quotation which depends on the number of family members to be included.


Bulgaria Immigration by Investment Benefits


Reasons for an alternative residency or citizenship include providing a better quality of life for the investor and his/her family, arranging for international tax planning, and establishing a safety net should the living conditions at home become unbearable.

Free Movement of Persons

The whole family can obtain Bulgarian citizenship i.e. the main applicant, his/her spouse, children under 18 years, and adult dependents (ages 18 to 28), and they can all travel, reside, study or work freely within the EU.

Free Movement of Services

Individual citizens and their companies can offer services within EU member states without obstacles.

Free Movement of Capital

Bulgarian passport holders can transfer funds between EU member states, purchase property in any preferred EU country, and invest in any type of business venture.

Free Movement of Goods

All goods produced in EU member states can be freely transferred between countries of the European Union.

No Requirement to Physically Reside in Bulgaria

The applicant and his/her dependents are not required to reside in Bulgaria before the filing of an application, or after obtaining Bulgarian citizenship.

Attractive Tax System

Becoming a citizen of Bulgaria does not mean the investor automatically becomes a Bulgarian tax resident. However, becoming a tax resident in Bulgaria may be attractive to the investor because of the country's low personal and corporate income tax rate which is only 10%; the lowest in the European Union.

Visa Free Travel

Bulgarian passport holders do not require a visa to travel within the EU and also to travel to many non-EU countries.

Option to Settle in the USA

Bulgarian citizens can live in the USA by applying for a E2 Visa due to the country's E2 reciprocity agreement with the United States.

 

Bulgaria's Standing in the European Union


Bulgaria is a safe, neutral and respected member of the European Union, located at the crossroad between Europe and Asia and origin of the earliest European civilizations. A relatively small country of approximately seven million people, Bulgaria is considered very safe and boasts a low crime rate.

Bulgarians have developed their culture and enriched it over the millennia, and they preserve it and continue to develop it to the present day. Bulgarian is the main official language, but English is also widely spoken, particularly by younger people and especially in the tourist regions.

Bulgaria is also good choice when it comes to education and healthcare. High quality education is provided by the government at no cost. After the first 6 years of schooling, children can attend government schools which only teach in English, French, Spanish, or German. In addition to the education system, Bulgaria also offer free healthcare covered through the basic health insurance system.

The economy of Bulgaria is an open market economy with a developed private sector and a limited number of state enterprises. Bulgaria has been a member of the World Trade Organization since December 01, 1996, and the country has been a member of the EU since January 01, 2007.

The Bulgarian economy is and characterized by economic, political and financial stability. The country offers a strategic geographic location, liberal access to markets consisting of more than 560 million consumers, and the lowest corporate tax in the EU; the personal and corporate income tax rate is only 10%.

Its farsighted fiscal policy and stable business environment make Bulgaria one of the most stable countries in the EU. The country is rich in tourist sights and historical artifacts, and it is internationally known for its seaside and winter resorts. 

 

Our Qualifications


Our associated attorneys, a full service commercial law firm based in Sofia, Bulgaria, provide comprehensive legal and tax services and solutions to multinational corporations operating in Bulgaria, closely held foreign and Bulgarian businesses, local entrepreneurs, organizations and individuals.

In addition to immigration law the firm is providing advisory services covering company formation, business restructuring, corporate & commercial law, dispute resolution, real estate, taxation, and merger & acquisitions law.
 

Services offered:

  •    • Advising you on your chances of success before filing your application;
  •    • providing you with pre-immigration legal and tax advice;
  •    • guiding you with the preparation of supporting documentation;

 

Next Steps:


Step #1: Contact Us. Please use our contact form to receive a detailed cost estimate for you and your family. There is no fee for this initial consultation.
 
Step #2: Document Preparation.
Should you wish to proceed with an application you would sign a service agreement to allow our associated immigration law firm in Bulgaria to commence the application procedure. The firm will gather all required application documents from you. There is no need to travel to Bulgaria at this time.
 
Step #3: Investment Funding.
The investor wires the investment funds to his/her bank account in Bulgaria.
 
Step #4: Visa & Permanent Residency Application.
The investor applies for a Visa-D at any Bulgarian embassy in his country of residence. With this visa, the investor travels to Bulgaria to apply for the Permanent Residency card in person. This is the only time travel to Bulgaria is required. 
 
Step #5: Citizenship Application & Passport.
After 12 months in permanent residency status, if using the fast track option, the investor may file for Bulgarian (EU) citizenship. There is no requirement to live in Bulgaria during this 12 months period. Upon naturalization, the investor may collect his Bulgarian (EU) passport at any Bulgarian embassy in the world.


If the applicant follows the fast track program, he/she can obtain the Bulgarian passport as early as 18 months. This makes the Bulgarian program one of the fastest options for international investors looking to obtain EU citizenship.

Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about all of Bulgaria's Residency / Citizenship by Investment programs.
 


Bulgaria Residency / Citizenship by Investment

Frequently Asked Questions (FAQ)


The following are questions frequently asked about the Bulgarian Immigration by Investment programs. If you don't find your answers here, please contact us at your convenience. 
 

Q: What are some of the reasons the Bulgaria citizenship by investment program is attracting so many international investors?

A: International business executives, investors, and important persons who are active worldwide consider an alternative citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.

Applicants realize that the Bulgarian citizenship provides several benefits, including:
   • Visa free travel to over 150 countries
   • Option to Settle in the USA due to the country's E2 reciprocity agreement with the United States
   • Retirement in a safe country with a warm climate
   • A better education for the applicant’s children
   • Children and grand children gain visa free travel and the right to live, work, or study in many countries
   • A better quality of life for the family, including better healthcare and an unpolluted environment
   • Relatively low real estate prices
   • Personal security
   • Tax advantages
   • Freedom associated with having multiple passports




Q: What is the minimum investment required to obtain the Bulgarian residency?

A: The minimum expense to obtain permanent residency is EUR 210,000. Permanent residency allows applicants to live in Bulgaria. Residency is granted usually within 6 months of filing an application.



Q: What is the minimum investment required to obtain the Bulgarian citizenship (EU citizenship)?

A: The minimum expense to obtain citizenship (the European passport) is EUR 185,000 under the 5 year standard processing program, or EUR 270,000 under the 18 months fast track processing program. As a EU citizen you are allowed to live, work, study in any of the 26 European Union countries.

To qualify for citizenship, the primary applicant must be over 18 years of age and select one of the following options:

Investment Option #1: Government Bonds Purchase. The applicant purchases government bonds and receives ownership of these bonds.

For standard processing (passport in 60 months), the initial expense including all fees is EUR 600,000. After the required holding period of 60 months the investor can sell the bonds for approximately EUR 512,000. Therefore, the total cost after selling is EUR 88,000.

For fast track processing (passport in 18 months), the initial expense including all fees is EUR 1,112,000. After the required holding period of 60 months the investor can sell the bonds for approximately EUR 1,024,000. Therefore, the total cost after selling is also EUR 88,000.



Investment Option #2: Real Estate Purchase. The applicant invests in Bulgarian real estate and receives ownership of this property, but he does not receive the right to use it for himself or to rent it out for 84 months (7 years).

For fast track processing (passport in 18 months), the initial expense including all fees is EUR 500,000. After a holding period of 84 months the applicant can sell the property back to the developer at a fixed price of 412,000 Euros, or use it for himself, or lease it out and collect rent. Therefore, the total cost after selling is EUR 88,000.


Investment Option #3: Financing Package.
The total cost, including all fees, is Euro 185,000 for standard processing (passport in 60 months) or Euro 270,000 for fast track processing (passport in 18 months). The applicant does not receive ownership of the financed assets.

 
Please note: If you select a Financing Package you will not receive ownership of the assets. The benefit of selecting a Financing Package is a much lower upfront expense when compared to the purchase options. Some clients do not have access to the large upfront payment a purchase option requires, while some simply prefer to invest their free cash into other investments instead of tying them up for several years in Bulgaria.

In case a larger upfront payment is not an issue for you, and hence you select a purchase option, you receive ownership of the assets. Because you own the assets you may sell them again after the minimum holding period and receive the proceeds from the sale. Accordingly, if you select the purchase option for government bonds you may earn interest each year (please ask us about the current interest rates).
 


Q: Will the Bulgaria citizenship automatically grant me European citizenship?

A: Yes. Because Bulgaria is a member of the European Union its citizens are automatically European citizens, which means you are allowed to live, work or study anywhere in Europe.



Q: Under the citizenship program, can I include my family in my application?

A: Yes. All investment options to citizenship allow for one application to cover the husband, wife and all children of any age.



Q: As a citizen, am I required to live in Bulgaria?

A: No. Bulgaria does not require you to be present or reside in Bulgaria before or after approval of your citizenship application.



Q: Under the citizenship program, am I required to own real estate in Bulgaria ?

A: No. Bulgaria does not require the applicant to purchase real estate in the country.



Q: Will my citizenship expire?

A: No. When you acquire citizenship under the Bulgaria citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.



Q: What is the process to apply for citizenship, and how long does it take?

A: Under the "standard processing" program an applicant may file for citizenship after 5 years in permanent residency status. Under the "fast track processing" program the entire process from application filing to receiving the Bulgarian (EU) passport takes approximately 18 months.

Step #1: Contact Us. Please use our contact form to receive a detailed cost estimate for you and your family. There is no fee for this initial consultation.
 
Step #2: Document Preparation.
Should you wish to proceed with an application you would sign a service agreement to allow our associated immigration law firm in Bulgaria to commence the application procedure. The firm will gather all required application documents from you. There is no need to travel to Bulgaria at this time.
 
Step #3: Investment Funding.
The investor wires the investment funds to his/her bank account in Bulgaria.
 
Step #4: Visa & Permanent Residency Application.
The investor applies for a Visa-D at any Bulgarian embassy in his country of residence. With this visa, the investor travels to Bulgaria to apply for the Permanent Residency card in person. This is the only time travel to Bulgaria is required. 
 
Step #5: Citizenship Application & Passport.
After 12 months in permanent residency status, if using the fast track option, the investor may file for Bulgarian (EU) citizenship. There is no requirement to live in Bulgaria during this 12 months period. Upon naturalization, the investor may collect his Bulgarian (EU) passport at any Bulgarian embassy in the world.


If the applicant follows the fast track program, he/she can obtain the Bulgarian passport as early as 18 months. This makes the Bulgarian program one of the fastest options for international investors looking to obtain EU citizenship.
 

Q: Does Bulgaria allow me to keep my original citizenship?

A: Yes. There are no restrictions on dual citizenship in Bulgaria. 



Q: How will new citizens be taxed?

A: Becoming a citizen of Bulgaria does not mean the investor automatically becomes a Bulgarian tax resident. However, becoming a tax resident in Bulgaria may be attractive to the investor because of the country's low personal and corporate income tax rate which is only 10%; the lowest in the European Union.
 


Q: Can you help me with finding a job?

A: Sorry, the immigration by investment programs were developed by the government to attract high net worth individuals, business owners, VIPs and other individuals with the financial means to support themselves and the local economy. Please note: New citizens do not need any work permission; they may work in any of the EU member countries. New residents may apply for a work permit, but would need to find their own employment opportunities.



Q: Can you help me get a tourist or a student visa?

A: Sorry, we cannot assist with tourist or student visas. However, if your intent is to file an application for residency or citizenship we may assist with the initial travel visa to schedule an in-person appointment at our offices.



Q: What are the major differences among the various immigration by investment programs?

A:  The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 185,000 for European citizenship and passport after five years in residency status. The "fast track option" starts at EUR 270,000 and shortens this period to only 18 months.

The Cyprus Citizenship by Investment Program provides the applicant with several investment options starting at EUR 2,0 million for immediate European citizenship and passport. The entire citizenship application process can be as fast as 90 days.

The Greece Golden Visa allows non-EU applicants to file for Greek residency by way of a EUR 250,000 investment in local real estate. The applicant may file for Greek citizenship after seven years of permanent residency.

The Malta Individual Investor Program provides the applicant with European citizenship in return for a non-refundable donation to the Maltese government in the amount of EUR 650,000 plus a EUR 150,000 investment in approved securities and an investment in real estate. The IIP application process can take between six months and two years to complete. For applicants who are only seeking Malta residency and Schengen travel benefits, options start at an annual recurring expense of EUR 24,000. 

The Monaco Residency / Citizenship Program allows applicants to file for Monaco residency by proving access to sufficient accommodations and financial self-sufficiency. The applicant may file for Monaco citizenship after ten years of permanent residency.

The Portugal Golden Residence Permit Program requires an investment of EUR 350,000 in real estate, or the transfer of 1 Million Euro, or the creation of 10 new jobs in Portugal. After six years of Portuguese residency, citizenship can be applied for.

The Spain Golden Visa requires a EUR 500,000 minimum investment in real estate, or a 1 Million Euro asset transfer, or a 2 Million Euro securities investment, or the creation of a new government-approved business project in return for Spanish residency. After 10 years of residency the applicant may file for citizenship.


Outside of the EU, citizenship by investment programs include those offered by Canada, the United States of America, and the Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia:

Canada offers several residency by investment options, leading to citizenship if desired, starting at CAD 200,000.

The United States EB-5 Program leads to permanent residency status and citizenship in the United States for a minimum investment of USD 500,000 in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. After five years as a permanent resident the investor may apply for U.S. citizenship.

The Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia offer citizenship programs requiring a cash contribution of at least USD 100,000.



Q: What does "Schengen Area" mean?

A: The Bulgarian citizenship allows you to travel without restrictions across the "Schengen Area" of the European Union. The Schengen Area is a group of 26 European countries that have abolished passport and immigration controls at their common borders. It functions as a single country for international travel purposes, with a common visa policy. Source: Wikipedia

Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Bulgarian Residency / Citizenship by Investment programs.
 


Bulgaria Residency / Citizenship by Investment

Contact Us for a Free Consultation


Bulgaria Passport
Contact us for a free, detailed cost estimate or confidential consultation by email (or phone / office visit, if preferred).

We will reply to your inquiry by email within one hour!

If you prefer to meet in person at any of the offices in Bulgaria, Switzerland, Hong Kong, Macau, or Tianjin please send us your dates of travel so that we may coordinate a time most convenient for you.

Our immigration associates in Bulgaria are working exclusively on Citizenship & Residence matters and will stand by your side throughout the entire application process, from start to finish. The team will work with you until your residence or citizenship by investment application has been approved and you have received your residence certificate or Bulgaria (EU) passport.

Do you have any questions? Use our contact form to receive a reply today.
 


Contact Form

Salutation
First name
Last name
E-mail address
 Phone (+ country code)
 Skype (optional)
Address
 
 
 
Please select which program you are interested in:
 
I am interested in the Bulgarian residency only program, starting at €185,000. The residency program offers Bulgaria residency and European travel benefits.
 
I am interested in the "standard processing" Bulgarian (EU) citizenship program, starting at €185,000. This program allows for applying for Bulgarian citizenship and the EU passport after 5 years of residency.
 
I am interested in the "fast track processing" Bulgarian (EU) citizenship program, starting at €270,000. This program results in the Bulgarian citizenship and EU passport in as little as 18 months.
 
Other: describe below
 
Briefly describe your situation and the number of family members to be included:


 

 
 

Zenturo Ltd.

Residency & Citizenship by Investment Programs Worldwide

203 A, Old Bakery Street
Valletta VLT 1122, Malta

Company Registration No.: C-39472
VAT ID: MT-18142026

Tel: +1 888 508 9889


BULGARIA IMMIGRATION BY INVESTMENT ADMINISTRATION

BULGARIA OFFICE:

Sofia 1000
Bulgaria


SWITZERLAND OFFICE:

6340 Baar
Switzerland


ASIA OFFICES:

Hong Kong
Macau
Tianjin

 

Zenturo Ltd