The Foreigners in the Republic of Bulgaria Act and the Bulgarian Citizenship Act make it possible to obtain residency in Bulgaria or Bulgarian citizenship by investment. The total investment amount varies from 250,000 BGN (€125,000) to 6,000,000 BGN (€3,000,000)
Art 25 (1) 6 or 7 of the Foreigners in the Republic of Bulgaria Act allow obtaining permanent residence in Bulgaria through a direct investment of €511,500 to a government bonds or to a limited liability company represented on the Bulgarian stock exchange. There are also options to invest to a licensed credit organization.
In general, after having been permanently residing in Bulgaria for five years it is possible to obtain Bulgarian citizenship (Art 12a of Bulgarian Citizenship Act.) There is a fast-track option which allows investors to apply for Bulgarian citizenship one year after having been permanently residing in Bulgaria by doubling the initial investment (Art 14a of the Bulgarian Citizenship Act.) In this case the final investment must be hold for two years after obtaining Bulgarian citizenship.
The increase of investment is mandatory so there is no need to invest the whole sum (€1,023,000) from the beginning.
Minors can obtain Bulgarian citizenship together with the investor (Art 17 of the Bulgarian Citizenship Act.) Children over 18 years old can obtain citizenship via a fast-track procedure (Art 15), a spouse of the investor can obtain citizenship within the framework of the main procedure three year later if the investor obtains citizenship via fast-track procedure.
Legal requirements for obtaining Bulgarian citizenship by investment
The main investor must provide the following duly legalized documents:
- birth certificate
- police clearance certificate
- certain medical certificates
In some cases, additional documents may be required.
The total duration of the entire procedure (until getting a Bulgarian passport) is about six years from the moment of investment, or about two years through fast-track procedure.
If you are interested in obtaining permanent residence in Bulgaria or Bulgarian citizenship by investment feel free to contact us anytime.
A lot of useful information about Bulgaria may be found on the official website of the European Union.