BULGARIA
RESIDENCY BY INVESTMENT

TIME TO RESIDENCE PERMIT

6-9 Months

MEMBER OF EUROPEAN UNION

Yes

FAMILY

Applicant, Spouse and Children

RESIDENCY REQUIREMENTS

None

ABOUT BULGARIA

Bulgaria, officially the Republic of Bulgaria, a unitary state on the Balkan Peninsula in southeastern Europe bordering the Black Sea in east. The country shares international borders with Greece, the Republic of Macedonia, Romania, Serbia, and Turkey. The country occupies an area of 110,879 km², compared it is somewhat larger than Iceland (103,000 km²), or slightly larger than the U.S. state of Tennessee. Bulgaria has a population of 7.15 million people (2015), capital and largest city is Sofia with 1.3 million inhabitants. Official language is Bulgarian, which is written in Cyrillic.

BENEFITS OF BULGARIA RESIDENCY PROGRAM

As one of the youngest EU member states, Bulgaria boasts a rich and diverse culture, temperate climate and ideal location in Southeast Europe — and the Investor Program for Residence and Citizenship in Bulgaria helps get you there faster.

  • Residency will be granted in 6 to 9 months.
  • Guaranteed investment in government bonds and available financing option.
  • Eligible for citizenship after 5 years (Fast-track option is available).
  • No requirement to reside in Bulgaria.
  • No language test for residence or citizenship.
  • Free movement within the Schengen countries after Bulgaria becomes a member state.
  • Unrestricted right to live, work and study in Europe once citizenship is granted.
  • No tax on worldwide income.

To be eligible for the program, applicants must meet the following criteria:

  • Applicants must make invest of €511,292 in the form of government bonds refundable after 5 years.
  • Applicants can select a non-refundable financing option of €195,000 and should provide a proof of net-worth not less than €1M.
  • Pay application, processing and legal fees.
  • Have a clean police record.

CAPITAL

Sofia

OFFICIAL LANGUAGE

Bulgarian

GDP

USD 68 Billion

CURRENCY

Bulgerian Lev

APPLICATION PROCESS AND TIMELINE

MONTH 1

STEP 1

  • File preparation and submission. Application fees are due at this stage.

STEP 2

  • Appointment at a Bulgarian Consulate for document signing.

STEP 3

  • Investment transfer by the applicant.

MONTH 3

STEP 4

  • Investment certificate issued.

STEP 5

  • Second appointment at a Bulgarian Consulate for visa D application.

MONTH 5

STEP 6

  • Visa D granted, followed by a first trip to Bulgaria. Submission of application for permanent residence (PR).

MONTH 8-9

STEP 7

  • Permanent residence approve, followed by a second trip to Bulgaria. Submission of application for Bulgarian PR card.

STEP 8

  • Receipt of Bulgarian PR card (Three days after application).

* The citizenship application timeline and approval are not guaranteed as they depend on the CIU’s due diligence processing time and outcome.

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