Passport and Citizenship in Bulgaria

Citizenship by Investment | Get Second Passport in Bulgaria

Bulgaria is the European gem many people are looking for. They just don’t know it yet.
Bulgaria has an emerging market economy in the upper middle income range, where the private sector accounts for more than 80 per cent of GDP.
Located in the southeast part of the Balkans, Bulgaria has a diverse topography.

Bulgaria’s main export partners are Germany, Italy and Turkey, while its main import partners are Germany, Russia and Italy.

As a member of the United Nations, it has been part of the Security Council three times; it is also a member of the North Atlantic Treaty Organization (NATO), The World Trade Organization (WTO) and was a founding member of the Organization for Security and Cooperation in Europe (OSCE).

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Main Benefits of Obtaining Citizenship in Bulgaria through the Citizenship-by-Investment Program

  • Ability to reside, in Bulgaria while ever the investment remains intact
  • The investor can establish a company, purchase property and raw land in Bulgaria
  • All the benefits of permanent residency plus
  • Freedom to travel throughout the 28 EU nations
    Consular protection within the EU
  • The ability to run a business, work, live, and study in any of the EU member states
  • Attractive tax incentive schemes for capital investment
  • ‘No double taxation’ (or low tax) agreements with more than 60 other countries (for more details please see this link)
  • Access to health care facilities throughout the EU
  • Free or lower cost education within the EU

Main Requirements

The Bulgarian Citizenship Act enables a foreign investor, who holds a permit of permanent residence for a period of five (5) years to apply to become a naturalized citizen.

Hold no criminal record.
Solid Business background information
Excellent financial background
Satisfy a medical examination

Investment Options

Full Investment

Applicants choosing this option must deposit BGN 1 million (€511,292) in a Governmental Bond Portfolio for an investment period of 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 by the government bonds.

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Financed Investment

Applicants can leverage their capital by choosing to finance the required investment amount through a European bank.

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This option is recommended for anyone who does not want to complete a five-year residence qualification, or who has dependents over 18 years of age, because they can apply for citizenship immediately after the primary investor becomes a citizen. The qualifying requirements for this option include those above (excluding the five year requirement) plus:

  • The applicant must have completed the Standard Investment option, and held permanent residency status for at least one year
  • Double the investment by purchasing €512,000 in government bonds or in the capital of a Bulgarian company that is carrying out a Priority Investment Project (as defined in the Investment Promotion Act).
  • Hold a second additional investment for a period of two years.
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