By origin. 5. Be of the age of maturity (note: children under 18 obtain citizenship when one of their parents becomes a citizen); Must have maintained permanent resident status and a valid residential address for the past five years; Has not been sentenced for a premeditated criminal offence and is not subject to criminal proceedings for such an offence; Possesses an income and/or occupation allowing him or her to subsist in the Republic of Bulgaria. All the above options focus on the financial investment in our country in order to allow obtaining a residency permit. We can organize and perform all legal activities and registrations in the Companies House. Permanent Residence in Bulgaria Permanent Residence by Investment in Government Bonds. The migration of foreign investors is acceptable and permanently encouraged by the Bulgarian country. The investment is fully guaranteed by the government bonds. The validity of the visa is 6 months after the date of issue. No further payment is required. By choosing I Accept below, you consent to our use of cookies and other tracking technologies. Full assistance will be provided to obtain the status of cohabiting couple. The processing time for the Applicant is currently 8-12 months, resulting in Permanent Residency status. The bonds are pledged by the government of Bulgaria and carry an investment credit rating of BBB by S&P and Baa2 by Moody’s. Do I need to know Bulgarian language or take a Bulgarian language exam in order to get Bulgarian citizenship through an investment? 2019 © European Line Management Consultancy, Average cost of setting up a private limited liability company in Bulgaria is around 500-800 EUR, Normally the registration process takes about 2-3 weeks to be fully completed. It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. You must hold Bulgarian long-term permit for 5 years before becoming eligible to apply for a permanent residence permit. Bulgaria also has an Investment Promotion Act through which foreign investors may apply for a residence permit. If you wish to stay longer or are planning to live in Bulgaria permanently, a Long Term Residency Permit can easily be obtained from your local Immigration Department, however, unless you speak Bulgarian, it would be wise to take along an adviser to translate and to help … BULGARIAN RESIDENCE FOR NON EUROPEAN CITIZENS BULGARIAN PROPERTIES and our team of lawyers can assist in obtaining a Bulgarian residence permit for NON EUROPEAN CITIZENS who have bought real estate properties in Bulgaria through our company. The investment is certified as qualifying by the Ministry of Economy (MoE) 30 days upon submitting the application. At SmartMove Immigration we provide assistance to EU and non-EU nationals to obtain Bulgarian citizenship by investment. The migration of foreign investors is acceptable and permanently encouraged by the Bulgarian country. If among the next of kin, up to great-grandmothers and great-grandfathers, there are people with proven Bulgarian roots, then you have the right to get a passport according to … The moratorium on receiving new applications regarding the acquisition of Citizenship by Investment of the Republic of Moldova will be extended by two months. €500,000-48%. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. Holders of a permanent residence permit are entitled the same rights and obligations that come with Bulgarian citizenship except those which are explicitly forbidden (e.g. *The above information does not represent legal advice. Spouse and dependents are allowed to apply too. Travel options. To further boost the country’s economic growth, the Bulgarian Parliament passed in 2009 number of amendments in the Bulgarian Citizenship, Foreigners in Bulgaria and Investment Promotion laws, which enabled Non-European citizens and their families, who invest in Bulgaria, to apply for permanent residency and citizenship in a much simplified and shortened procedure. After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. This can be accomplished through different types of investment options including real estate, government bonds, establishing a business, development programs, etc. More about the options to obtain residency permit for Bulgaria through investment, you can read in the following article: PERMANENT RESIDENCE IN BULGARIA THROUGH GOVERNMENT SECURITIES, BULGARIAN CITIZENSHIP. participating in the political process by registering and voting, joining the police force or military). In exchange for a safe, state-guaranteed and fully refundable investment of 512,000 EUR, applicants from all nationalities can obtain permanent residence with only a single visit to Bulgaria. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. The investment is fully guaranteed by the government bonds. Permanent Residence Permit: In addition to the aforementioned investment, an alien may apply for a permanent residence permit if they have been legally and continuously resident in Bulgaria for 5 years and have not been absent for a cumulative period of more than 30 months. Work permit and residence for seconded employees. Though, they will not be granted citizenship at the same time as the applicant. The permanent residence permit is valid for the same duration as the applicant’s passport. 3.4 If permission to work or stay is needed from 1 January 2021, how long does the procedure take? At the end of the five-year period, the full amount of BGN 1 million (€511,292) will be returned to the investor without any accrued interest. Permanent residence gives the same rights as BG citizens, except voting. Art.40 of the Bulgarian Law on the Foreigners clearly stipulates the hypotheses when the residence permit will be revoked (after a divorce). A foreigner who acquires ownership of a real estate on the territory of the Republic of Bulgaria by investing an amount of BGN 100,000 may obtain a long-term residence permit for 1 year. However, the Foreigners in the Republic of Bulgaria Act allows investors to bypass residence and language requirements through the following passive and active investment options. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. He must possess a valid passport or another foreign travel document and must have a clean criminal record. 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. There is no physical residence requirements or fluency in Bulgarian language as required by the general naturalization rules. Spouses and children of the applicant are eligible to acquire permanent residence. The Bulgarian permanent residency program allows applicants to live in Bulgaria as long as desired. Residence permits in Bulgaria A. The Bulgarian Citizenship by Investment Program offers straightforward routes to acquiring European Citizenship for the entire family with freedoms to live, work and study in any of the 28 EU member states. Our clients qualify for Permanent Residency via the Foreigners in the Republic of Bulgaria Act, Article 25 which was passed in August 2009 and ratified by the EU. European But Not EU Member States’ Residency by Investment Programs We can perform all necessary legal activities for opening the deposit and management of the investment during the required period. Bulgaria is a member of the European Union. If you are an EU citizen traveling to Bulgaria, there are no visa requirements for short visits up to 90 days. Q) How many years do I have to stay in Bulgaria to obtain a Bulgarian permanent residence permit? Bulgaria Citizenship by Investment. Speak to Global Mobility experts. The purchase of Bulgarian Government Bonds is the best option for candidates with funds available for such volume of investment. This means that after holding a residence permit for at least 1 year, candidates who have made an initial investment of €512,000 can double their investment to the total amount of €1,024,000. Each applicant will be required to make two trips to Bulgaria. There are a number of documents that have to be prepared and legalized including, but not limited to, criminal record certificate, marriage license, proof of funds, etc. The fees for non EU students: application fee- 10 leva (5 Euro), Residence permit for12 months- 500 leva (250 Euro), ID Card: 45 leva (22,5 Euro); There’s also a permit category for those investing in Bulgaria, but as the minimum investment is US$500,000, it won’t suit everyone! 6-Month Type D Visa No further investment is required. The investor may apply for Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate; Hold additional investment for a period of two years after citizenship is granted. 5. Permanent residence gives the same rights as BG citizens, except voting. The main applicant’s spouse and unmarried children under 18 are eligible to become permanent residents after the main applicant is granted resident status. The Foreign citizen has been issued a work permit by the Bulgarian Employment Agency, and; The Foreign citizen conducts business activities in Bulgaria, provided that the Foreign citizen has employed at least 10 Bulgarian nationals, etc. – Investment of 6 000 000 Lev in the raising capital of a local company which does not participate on the regulated stock market. The annual revenue is between 1 and 3%. There is a fee of 500 BGN for the 1 year period. You receive a Bulgarian ID card for non-EU nationals that allows multiple entries and stay in Bulgaria. 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