Services

Bulgaria Citizenship by Investment Program

QUICK FACTS

  • Country in the Easter Balkans
  • Joined the EU in 2007, currently the country already enjoys all the benefits of being a full-fledged EU member
  • Area: 110,000sqm
  • Population: 7.1 mil
  • Major Language: Bulgarian
  • GDP: USD 69 bil (2020)
  • GDP per capita: USD 9,964 (2020)
  • The country offers favorable investment regime and flat corporate income taxes

Full-fledged EU Citizenship program with a full access to the EU and EEA countries.

Amount

There are two main ways of acquiring Bulgarian passport:

- Full Investment

  • EUR 1,024,000 investment in Exchange Traded Funds, Alternative Investment Funds and Real Estate Investment Trusts (the investment has to be held for 5 years from naturalization)
  • Time to Permanent Residency – 6 months
  • Time to Citizenship – 18 months

OR

- Reduced Investment

  • EUR 512,000 investment in Exchange Traded Funds, Alternative Investment Funds and Real Estate Investment Trusts (the investment has to be held for 5 years from naturalization)
  • Time to Permanent Residency – 6 months
  • Time to Citizenship – 5 years

- Financed Investment
EUR 290,000 – non-refundable fee including all administrative and state fees. This option became possible thanks to the financing offered by the Swiss bank based in Luxembourg that invests EUR 1,024,000 on behalf of the applicant; thus, a part of EUR 290,000 is also used to pay off the interest on the loan.

The Full Investment option does include the total administrative and service fee of EUR 40,000.

Due diligence

Moderate due diligence process.

Main benefits

  • Ability to live, work and travel in the EU and EEA states;
  • 10% income and corporate tax and free trade with the rest of EU;
  • The investment covers the immediate family (spouse and dependent children under the age of 18, conditions apply);
  • The full investment can be liquidated after 5 years;
  • No language test;
  • Negligible minimal stay requirement (only one visit to Bulgaria just for a day).

Potential disadvantages

Currently the holders of the Bulgarian passports do not have a visa free access to the USA – the Bulgarian citizens should apply for a 10-year US visa (through a simplified procedure).

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