An understated beauty in southeastern Europe, Bulgaria offers a rich culture and the perfect combination of nature, history and metropolitan cities. With the breathtaking Balkan Mountains, Black Sea beaches, rolling hills, majestic waterfalls
A vibrant country in all senses, it's steeped in history with cliff-side monasteries, tombs, palaces, churches
The Bulgarian Program for Residency and Citizenship was created by the Bulgarian Government to encourage foreign investments by offering special incentives to investors from non-EEA countries. In exchange for their financial contributions, investors are offered the opportunity to secure a permanent residence permit, and can also apply for Bulgarian citizenship and passport via the Fast-Track Citizenship option.
The Bulgarian Program for Residency and Citizenship offers two different investment pathways under the Bond Investment.
Investors must deposit Bulgarian Lev (BGN) 1 million (€511,292) in a Government bond portfolio for five years with no further payment required. At the end of the five-year period, the full amount will be returned to the investor without any accrued interest. The investment is fully guaranteed and secured by the Bulgarian state.
The investor pays a reduced amount of €195,000 for the purchase of Government bonds, which is used to finance a closed five-year term loan from a chartered bank. This enables the investor to secure permanent residency for their family and themselves. No further payment is required, and no amount is refunded to the investor at the end of the five-year period.
This option is recommended for candidates whose liquid assets are not readily available to pay the full required investment sum, or for those who want to leverage their existing capital for other projects.
Whichever investment option you choose, there are also due diligence and residency fees that apply:
Permanent Residency - Legal and Processing Fees(including due diligence fees)
Investors can apply for Fast-Track citizenship by doubling their initial investment. The Fast-Track citizenship program enables investors to obtain citizenship after just one year of permanent residency.To be eligible for the Fast-Track option, the investor must meet the following requirements:
Fast-Track - Legal and Processing Fees(including citizenship application fees)
Due Diligence Fees:
The standard processing time required by the Ministry of Justice to provide an official response to a citizenship application is up to 6 months.
In addition to the monetary investment requirements, there are several qualifications that must be met prior to applying for the Bulgarian Program for Residency and Citizenship. These vary slightly depending on whether a candidate is applying for permanent residency or citizenship
Foreign investors who maintain a permanent residence permit for at least 5 (or 2)* years can apply for Bulgarian citizenship per the Bulgarian Citizenship Act.
*To clarify the 5 vs. 2 years distinction: If an investor applies via the Standard Investment route, then they will be eligible to apply for citizenship after 5 years. However, if they pursue the Fast-Track investment option and meet its requirements, then they will be eligible to apply for citizenship after 1 year of permanent residency.
Fees required for the citizenship application after 5 years of permanent residence in Bulgaria are as follows:
Due Diligence Fees:
The Ministry of Justice requires a processing period of up to 6 months to provide an official response to a citizenship application.
The application process for the Bulgarian Program for Residency and Citizenship is one of the simplest and fastest when it comes to citizenship by investment programs. Below is a general overview of the key steps:
After the Main Applicant receives an official Bulgarian ID card, their family members can then apply for their permanent resident cards. The process may take up to 3 months and includes two mandatory trips to Bulgaria for each qualifying family member.
The application fees associated with the Bulgaria investor program include government application fees, legal and translation fees, and service fees related to background verification and validation of the source of funds. Application fees are subject to change, therefore, please contact us to obtain the most updated information.
There are countless reasons why a Bulgarian dual citizenship is an excellent opportunity for investors to expand their reach into the EU. Here are some benefits of securing Bulgarian citizenship by investment.
Bulgaria is a key hub for international trade and finance and also has a wealth of local IT expertise.
Bulgarian citizenship offers all the benefits of permanent residency plus:
Make Europe your home by securing permanent residency and citizenship in Bulgaria. This Balkan jewel is the perfect blend of nature and city life with majestic mountains, stunning beaches, and vibrant cities. When it comes to mobility, wealth management and business expansion, Bulgaria offers a wealth of wonderful benefits.
If you are interested in learning more about the Bulgarian program for residence and citizenship, please contact us today for your free initial consultation.