Bulgarian Citizenship By Investment 2020GoldenVisasAdmin2020-07-17T13:22:53+00:00
Bulgarian Citizenship By Investment 2020
Looking to obtain EU citizenship by investment in 2020? The Bulgaria Investment Citizenship programme, whilst relatively unknown, offers a simple application process and clear path to EU citizenship. Find out more about the programme below, or contact us now for a free consultation.
Established in 2009, the Bulgarian Investor Programme for Residence and Citizenship, also marketed as the Bulgarian Immigrant Investor Programme, gives third country investors the ability to obtain Bulgarian (EU) residency and citizenship by investment in government bonds.
The programme was crated to attract direct foreign investment and stimulate interest in the country as a cross-border business destination. As with many of the other EU investment citizenship programmes, the Bulgarian offering features a two-step application process – first for residency, and then for citizenship:
Bulgarian Residency Process: The residency application process takes around 5 to 6 months to complete, and requires making an eligible investment of no less than €512,000 in government guaranteed Bulgarian bonds with a low yield rate.
Bulgarian Citizenship Process: Once residency status has been held for a period of 12 months, the immigrant investor can apply for Bulgarian citizenship, provided that the initial eligible investment of €512,000 has been doubled to €1,024,000. The process for obtaining a Bulgarian investment passport typically takes 2 years.
Your investment becomes refundable after a period of 5 years. The government application fees and associated professional services fees for the Bulgarian citizenship application will amount to anything from €45,000 to €55,000, depending on your country of origin and your family’s specific situation.
AFFORDABILITY: As EU economic passport programmes go in 2019, the Bulgarian programme offers some of the best value on the market.
NO MINIMUM IN COUNTRY STAYS: Apart from having to visit Bulgaria for biometric identification, you are not required to reside or even spend a minimum number of days per year in Bulgaria to qualify for residency or citizenship.
INCREASED GLOBAL MOBILITY: Bulgarian residency gives you and your family the benefit of visa free travel to 26 Schengen countries. Once your Bulgarian citizenship has been granted, you’ll be able to travel to over 140 countries worldwide on your Bulgarian passport. Visa-free countries include Canada, Australia, New Zealand, Austria, Turkey, Palestine, Israel, the UK, Morocco, Qatar, the UAE, South Korea, New Zealand, as well as a host of Caribbean destinations and the rest of the European Union. This means that the Bulgarian passport ties with the Hungarian passport as the 8thstrongest travel document in the world.
WORLD CLASS EDUCATION: Enable your children to study at top-tier European universities – without having to pay more as a foreign national.
SUPER TAX FRIENDLY: At only 10% for both individuals and corporations, Bulgarian taxation is an incredibly good reason to obtain Bulgarian citizenship by investment.
NO AGE LIMIT FOR YOUR CHILDREN: In addition to being able to obtain Bulgarian residency and citizenship for your spouse, you will also be able to include your unmarried children in your application – regardless of their age.
LOW RISK INVESTMENT: Government guaranteed Bulgarian bonds constitute a lower-risk alternative than property or venture capital based investment options.
NO LANGUAGE REQUIREMENTS: Proficiency in Bulgarian is not a requirement for obtaining Bulgarian citizenship, making the programme more accessible than the Portuguese Golden Visa in terms of obtaining eventual citizenship.
DUAL CITIZENSHIP RECOGNISED: Seeing as Bulgaria recognises dual citizenship, there is no need to renounce your native country’s citizenship rights.
Golden Visas gives immigrant investors access to some of Europe’s best investment citizenship programmes, including the Bulgarian, Cypriot and Moldovan investment passports. We specialise in Golden Visas and economic citizenship programmes, and collaborate with only the finest immigration experts across 20 countries to bring you only the finest investment migration solutions.
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