Investor Program for Residence and Citizenship in Bulgaria
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The Investor Program for Residence and Citizenship in Bulgaria aims to entice foreign investors seeking residence or citizenship in the country. Here is a summary of the program:
Purpose:
The program seeks to encourage foreign direct investment in Bulgaria by providing eligible investors with the opportunity to obtain residence or citizenship.
Investment Options:
Applicants can choose from various investment options, which may include real estate investment, government bonds, or direct investment in a business. The specific requirements and investment amounts vary.
Residence Permit:
Investors can initially obtain a residence permit in Bulgaria by making the qualifying investment. This allows them to live and travel within the country.
Path to Citizenship:
After maintaining the required investment and residence period, investors may be eligible to apply for Bulgarian citizenship. This process involves meeting additional criteria, including language proficiency and integration into Bulgarian society.
Benefits:
Participants in the program gain access to the benefits of residing in Bulgaria, including the right to work, study, and enjoy the country's lifestyle. Citizenship offers additional advantages such as visa-free travel within the European Union.
Requirements:
Applicants need to meet specific eligibility criteria, including a clean criminal record, good health, and a genuine intention to invest in Bulgaria.
Process:
The application process involves submitting the required documents, undergoing due diligence, and fulfilling the investment criteria. Successful applicants receive their residence permits or citizenship certificates.
Make a contribution of EURO €512,000 to Bulgarian ETFs and AIFs, or invest in the stocks of Bulgarian companies listed on the Bulgarian Stock Exchange.
Opt for an expedited application process by investing EURO €1,024,000 for citizenship within 3 years.
Satisfy the medical and security criteria.
Q: How influential is the Bulgarian passport?
Answer: Based on the Passport Ranking Index guide, the Bulgarian passport holds the 18th position globally. Possessing a Bulgarian passport grants visa-free travel to 143 countries.
Q: Is it necessary to live in Bulgaria throughout the permanent residence permit process?
Answer: No, there is no obligation for physical residency in Bulgaria during the entire process. The permanent residence permit can be upgraded to citizenship as long as residency is maintained for a continuous period of 5 years.
Q: What is the duration of validity for the Bulgaria permanent residence permit?
Answer: The Bulgarian permanent residence permit remains valid for a period of 5 years.
Q: What is the timeframe for acquiring Bulgarian citizenship?
Answer: The direct pathway to Bulgarian citizenship is through residency by investment. To achieve citizenship, it is necessary to sustain residency for a period of 5 years.
Q: Is there a minimum educational criteria for obtaining residency in Bulgaria through investment?
Answer: No, there are no specific educational requirements for acquiring residency in Bulgaria through investment.
Q: What is the minimum investment requirement?
Answer: The minimum investment required for obtaining residency through investment in Bulgaria is €512,000 in Euros.
Q: What types of investment profiles are available?
Answer: To secure residency through investment in Bulgaria, you have the option to participate in Bulgarian ETFs and AIFs. Another avenue is investing in stocks of companies registered on the Bulgarian Stock Exchange.