Bulgaria Permanent Residency
BULGARIA PERMANENT RESIDENCY:
- Methods of Investment for Permanent residence permit:
- Invest €512,000 (BGN 1 million) in Bulgarian Government bonds locked for 5 years and paid out with 0% interest
- Loan Option: The investor pays a reduced amount of EUR 195,000: The reduced amount is used to finance a 1,000,000 BGN loan from a Bulgarian chartered bank. This loan is initiated and repaid at no further cost to the Investor - Max ages that Children can be included on a Permanent residence permit application:
- Children under 18 years old are eligible - Years for Permanent residence permit to lead to Citizenship:
- After 5 years of Permanent residence permit - When exactly does an applicant become a Permanent residence permit holder?
- The application processing time is about 6-9 months with two trips required. There are no physical residence obligations to live in Bulgaria - When does a Permanent residence permit holder become a Citizen?
- Once the investor has acquired permanent residence status, they may apply for the fast-track option to naturalisation by fulfilling the below additional requirements:
- Have at least 1 year of Permanent Resident status
- Have a combined net worth greater than BGN 2.000.000 (€1.022.000), by doubling their initial investment by investing an additional €511.292 in government bonds or in the capital of a Bulgarian company
- Citizenship by marriage: at least three years of legal marriage to a Bulgarian citizen - Fast-track option allowing for citizenship within two years
- No physical residence required for Main Applicant and dependents
- Special exemption from physical residence enforced with legislation
- Government-approved investment and available financing options from banks
- No language requirements for residence
- Dual nationality is permitted
- Access to high-quality healthcare in Bulgaria and the EU
- Free movement within the Schengen countries after acquisition or permanent residency
WHY BULGARIA:
- Sunny Beach, one of the country’s most popular beach resorts on the Black Sea, has been named the cheapest beach getaway in Europe for the fourth time in four years
- Approximately a third of Bulgaria’s 378km Black Sea coast is made up of golden, sandy beaches. Along with it, you will find some charming coastal outcrops, such as Nessebar, the “Pearl of the Black Sea” and a Unesco World Heritage site
- Bulgaria is famous for Mountain Skiing. 19 Ski resorts
- Member of the European Union since 2007, NATO and WTO
- Low country risk and ease of movement through the EU
- Low labor cost and lowest operating costs in Europe
- Well-developed educational system specializing in electronics, mathematical science, engineering and computer sciences
- Over 15 Universities offering majors in ICT
- Over 5000 students get a degree in IT from Universities in Bulgaria each year
- A skilled and qualified workforce with English, French and German Language skills
- Ranked 8th in the world in 2002 by a total number of ICT specialists
- Ranked as 3rd in the world for certified IT professionals per capita
- In the 1980s Bulgaria became known as the Silicon Valley of the Eastern Bloc
- Leading multinational companies, such as SAP, HP, Apple, Cisco, Atos, VMware, Johnson Controls, Microsoft, IBM and Oracle have set up regional technology development centers and sales offices in Bulgaria
- Bulgaria is 5th in the world and 3rd in Europe in broadband quality (Annual Broadband Study by Cisco, 2010)
- Strong NGOs in the IT sector, such as BASSCOM, ICT Cluster Bulgaria, Bulgarian web associate, bait, the Bulgarian Outsourcing Association etc.
- Bulgaria ranks second in the world in IQ tests
- Lowest Corporate tax rates 10% and free-trade environment within the EU.
- European Union member since 2007
ABOUT BULGARIA:
- Official Name: Republic of Bulgaria
- A Form of Government: parliamentary
- Capital: Sofia
- Population: 7.036.848
- Official Language: Bulgarian
- Currency: lev
- Area: 110,994 km2
- Education: Bulgarian language
- Culture: mixed of (Bulgarian, Armenians, Turks and Gypsies)
- Environment: forest
- Health Care: low quality (46th world wide)
- Taxation: lowest in EU
- Tourism: not that high its construction country
- Weather: hot summers, long, cold winters
- Politics: Politically not stable
- Schengen: No (Expected)
- Religion: Orthodox
QUALIFICATION CRITERIA:
- Be over 18 years old
- Invest in government bonds
- Be a Non-European Union citizen
- Clean criminal record
- Source of funds
- Bank statement
- Proof of investment
- Health insurance coverage
- Proof of net worth more than 511,292 Euros
- Health certificate confirming the absence of any contagious disease
- Birth certificate
- Valid passport
- Attest to the power of attorneys and the investment agreement
- Make the minimum required trips to Bulgaria (2 trips for each applicant)
- The European citizen is employed or self-employed in the Republic of Bulgari