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In exchange for a safe and state-guaranteed investment of 512,000 EUR to be refunded at the end of 1 year-term, applicants from all nationalities can obtain permanent residence with only a single visit to Bulgaria.
The permanent residence can be upgraded to citizenship if the investment is maintained for five years (ordinary track) or it is increased to 1,024.000 € after 12 months (fast track) provided applicant has never been sentenced by a Bulgarian court for a capital offence or accused in criminal proceedings for such a crime (unless he/she has been rehabilitated) and he is over 18 years old.
There is no physical residence requirements or fluency in Bulgarian language as required by the general naturalization rules.
The program can be upgraded to citizenship by investment.
NB: The permanent residence is granted for five years. If the applicant maintains the investment for five years, he/ she will be eligible to apply for permanent indefinite leave to remain residence or Bulgarian citizenship.
Month 1 – Application for the opening of a private bank account with the serving Bank and buying Bulgarian government bonds for approx. 512,000 €. This step includes the preparation of the set of Investor D visa application documents, confirmation certificate of investment in government bonds issued from the Bank and Investment certificate issued from the Bulgarian Investment Agency;
Month 2 – The Investor applies for a D visa in the nearest Bulgarian embassy or general consulate. The Bulgarian Investor visa is usually granted within 30 working days;
Month 3 – Applying for a permanent residence by investment. The investor visits Bulgaria to apply for permanent residence with the local Migration Office. Usually, permanent residence applications are considered within 30 working days;
Month 4 – 6 – Once the residence application is approved, the investor will be photographed and the permanent residence card is issued within 3 working days. Family reunification process can be started. Family members will obtain permanent residence in 3 months.
The investor may obtain fast-track Bulgarian citizenship if he/ she doubles the investment by 512,000 € in Year 2.
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Disclaimer: VisaAffix Services L.L.C. provides consultancy services to clients for temporary as well as permanent residency visa-related matters and deals with documentations and filing applications. It is neither a legal firm nor does it provide any kind of legal advice/assistance or suggestions to its clients/users/visitors. The information presented on our website should be used for reference purposes only and not as a substitute for any professional advice.