Bulgaria Citizenship by Investment Programme

Bulgaria offers attractive investment climate, Operating costs of the business, ideal and well-connected location in Southeast Europe and access to citizenship of European Union, are just some of the main advantages of the country.

In addition to its position, citizens of Bulgaria enjoy visa-free travel to more than 140 countries.

This program is offered according to the Act on Foreigners in the Republic of Bulgaria. Such a program called Investor Program for Residency and Citizenship is considered a fast-track citizenship option. The program is also well-known as one of the fastest ways to lead to residency.

• Special program developed for a fast-track citizenship

• No language requirement

• Dual citizenship allowed

• Low tax rates

• Right to own land in the EU

• Free movement to more than 140 countries

• Unrestricted right to live, work and study in the EU

• Naturalization

• Origin

• Marriage

• Citizenship by Investment program

1. shares or bonds of Bulgarian commercial companies, traded on a regulated market or multilateral trading system in the Republic of Bulgaria, with a market value of not less than BGN 2,000,000
2. rights under concession contracts on the territory of the Republic of Bulgaria with a contract value of not less than BGN 1,000,000
3. shares or shares with a value of not less than BGN 1,000,000 in collective investment schemes originating in the Republic of Bulgaria, operating in accordance with the Law on the Activities of Collective Investment Schemes and other Collective Investment Enterprises, and provided that :

• the net value of the assets of each collective investment scheme is worth no less than BGN 5,000,000
• the collective investment scheme has received a license or authorization from the Financial Supervision Commission
• their investment strategy is mainly focused on investments in shares and/or bonds under point “3”

4. units or shares with a value of not less than BGN 1,000,000 in alternative investment funds established in the Republic of Bulgaria, managed by persons who manage alternative investment funds, originating from the Republic of Bulgaria, carrying out activities pursuant to the Law on the Activities of Collective Investment Schemes and Other Collective Investment Undertakings, and provided that:

• the assets of each fund are worth no less than BGN 3,000,000
• alternative investment funds and persons who manage alternative investment funds are licensed or registered by the Financial Supervision Commission
• their investment strategy is mainly focused on investments in Bulgarian assets and they invest only in shares, stocks and bonds of Bulgarian companies, including joint stock companies with a special investment purpose

5. invested in the country by contributing to the capital of a Bulgarian commercial company an amount not less than BGN 2,000,000 for a priority investment project implemented by the company, certified under the conditions and in accordance with the Law on the Promotion of Investments, which is certified by the Ministry of innovation and growth
6. have invested in the capital of a Bulgarian commercial company, whose shares are not traded on a regulated market, an amount not less than BGN 6,000,000
7. made an investment in the country by contributing at least BGN 500,000 to the capital of a Bulgarian commercial company, with the foreigner being a partner or shareholder with registered shares and owning no less than 50 percent of the company’s capital and as a result of the investment acquired new tangible and intangible assets worth at least BGN 500,000 and created at least 10 jobs for Bulgarian citizens, maintained for the duration of the residence, certified by the Ministry of Innovation and Growth; The Ministry of Innovation and Growth issues the certificate after the Bulgarian commercial company has justified the need for the foreigner’s residence for the implementation and maintenance of the investment

6 – 9 months

• Possess a valid passport
• Hold no criminal record
• Provide documents supporting the origin of investment funds
• Attest the POA and investment agreement
• Make mandatory trips to Bulgaria
• Be a NON-EU citizen