At the end of this content, reader should be able to understand how to get Australian citizenship by investment. To apply for Bulgaria citizenship through investment, you need to first achieve at least one year residency in Bulgaria, then deposit the minimum of BGN 1 million (€512,000) into the Bulgaria government bond program for a period of 5 years. 1 investment of ~€ 500,000.00. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. You have entered an incorrect email address! According to Art. Submitting the application for Bulgarian citizenship. There are many non-EU citizens who opt for the Bulgarian fast-track citizenship program, for completely different reason (other than freedom of movement, etc.) Bulgaria, as relatively small country, although having large network of consular and diplomatic missions, is obviously not represented in every country around the globe. Opting for investment in Bulgarian shares on the Bulgarian Stock Exchange can be a little spicy for the ultra conservative citizenship candidate. Individuals can choose between passive investments, acquiring real estate in the country, or engaging in certain entrepreneurial options. Be over 18 years old. China: Our participation at the "Emigration & Luxury Property" EXPO in Shanghai on 22-23 March 2018. Especially, if you are financially independent person with sustainable and successful career or business model, you simply can’t afford your travel privileges to be restricted. Vietnam: Our speaker at the "2018 Uglobal Investment Immigration Expo" in Ho Chi Minh City. In applying for a USA visitor visa, there are few mandatory documents applicants need to take note of to being eligible to migrate over... One of the ways to migrate to Finland for study purpose as an international student is to apply for Finland student visa. It also doesn’t require actual stay (residency term) in Bulgaria in order for the citizenship to be granted. If you are ever assured that your application will be approved, while you haven’t even provided copy of your passport, then we advise you to walk away from any such offers. The fact that everyone with Bulgarian (or other EU) citizenship can freely decide on where to reside, without any formalities, is something many foreign nationals consider to be "too good to be true". Lastly, the investment in trust account with Bulgarian bank is suited for investors who want to diversify their portfolio internationally. Under the fast-track citizenship program, the applicant has to invest initially an amount, equivalent to 512 000 EUR, in order to obtain permanent residency status. We will also explain how the program works and how you can benefit today from an unique life changing opportunity. We believe that everyone should be allowed to choose his residence anywhere in the world. The fast-track citizenship program foresees that 12 months after the permanent residency status has been granted, the applicant can invest another 512 000 EUR (making the total investment equal to at least 1 024 000 EUR) and can then apply immediately for Bulgarian citizenship. Different countries from just about every corner of the world are offering some kind of "Citizenship by Investment" initiatives. Still, Bulgarian shares have provided sustainable and above the average (compared to other EU shares indices) return during the last years, so they can be the ideal choice for applicants with somewhat longer investment horizon and higher risk tolerance. In other words, the law foresees that the citizenship can be obtained in only 12 months from start to end. Overview A country in south-eastern Europe, and a member of the EU, Bulgaria occupies a portion of the eastern Balkan peninsula, bordering five countries, including Greece, Turkey, Macedonia, Serbia and Romania, and with a coastline of 220 miles.The Balkan mountains run through the country while the Black Sea features sandy beaches and high-rise rugged cliffs. The Bulgarian program is a two-stage procedure. The Republic of Bulgaria is one of several EU Member States which offer residence by investment (RBI) and citizenship by investment (CBI) Agriculture is another factor that defines Bulgaria. | XML SITEMAP |, Bulgarian fast-track citizenship vs other countries investment citizenship programs, Bulgarian citizenship by investment (fast-track). Bulgaria Citizenship by Investment 2021 - Second Passport Program from Dubai, UAE, the Bulgarian Investor Program for Residence and Citizenship is a fast-track pathway to permanent residency and citizenship in the youngest EU nation for high net worth individuals and their families. Additionally, if there are scholarship fees, you will be charged at "domestic EU rates", rather than "international fees", which are much higher. Lot of tourism going on in Bulgaria. The Bulgarian citizenship by investment program is a two staged process. Who Else Needs High-Paying Plumbing Jobs in Canada? As a Bulgaria citizen, you now have the right to vote or create a political career over there and maybe be voted into leadership. Did you know that for example, as Bulgarian citizen, you can live without any restrictions or formalities in Martinique in the Caribbean? You get simplified residency rights and lot’s more. Rather than increasing the investment to 1 024 000 EUR after one year, as with the standard fast-track option, the applicant can opt not to make any additional investment tranches in which case he will be able to apply for and obtain Bulgarian citizenship after a period of 5 years. Bulgarian Citizenship by Investment – updates 2020 Amendments to the existing “Law for the Bulgarian citizenship”. One of the major innovations established by the Treaty of Maastricht on European Union is the creation of European citizenship over and above national citizenship. Unfortunately, this is definitely not the case. Source of funds is of extreme importance for example, but stating simply "personal savings" doesn’t do the job in Europe anymore. Bulgaria allows dual citizenship, so you do not need to relinquish your current nationality. While we firmly believe that the ultimate goal for everyone should be the full EU citizenship status, there are some cases when the applicant is content with Bulgarian permanent residency. We strongly recommend you reading the Bulgarian fast-track citizenship vs other countries investment citizenship programs to find out why the Bulgarian citizenship simply stands out and has no alternatives, neither within the EU nor worldwide. Read more. Of course this is technically not possible as there is always some extra processing time for due diligence procedures, document preparation, etc. You must be 18 and above to participate for this program, You must have maintained permanent residence status for a period of at least 5years, A passport or other travel documents is required, A passport styled photograph is also required. If you have accumulated certain wealth, you can’t accept any constraints to be imposed on you and your family as to in which country you will spend your life or retire. Before migrating to Canada, it... How to Apply for Canadian Green Card Lottery, How to Obtain Tourist Russia Voucher for Visa Collection, How to Write Invitation Letter for Business Visa, ETH Zurich – Swiss Federal Institute of Technology, Latest Hotel Jobs in Australia for Foreigners and Citizens, How to get Australian Citizenship by Investment, How to Get Spain Citizenship by Investment the Right Way, How to Get Turkey Citizenship by Investment. Usually, the western countries, which in general enjoy the best travel privileges worldwide, require a lengthy legal residency period (usually 10+ years), comprehensive language and history exams, etc. EU citizens have access to the social security and medical system in all member states, depending on their choice of residency. : One of the most important values and principles of the European Union is the unrestricted and unconditional freedom of movement of its citizens. Bulgarian Citizenship by Investment Program continues its operation in 2020 and is still among the few in European Union offering fast track-citizenship. 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. Please note however that there is no clearly defined and predictable path to citizenship through the Bulgarian “programme”. Bank deposit accounts in EU are guaranteed by the state for up to a maximum of 100 000 EUR. Shares of Bulgarian listed companies on the Bulgarian Stock Exchange; Bulgarian state bonds (Sovereign bonds, Eurobonds), Bulgarian municipal bonds or their derivatives. Eligible for citizenship after 5 years (fast-track option is available). Here is where our assistance proves to be invaluable. Every citizen who is a national of a (EU) Member State is also a citizen of the Union (EU). Standard of living in Bulgaria is great and the cost of living is relatively low. A: The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 512,000 for European citizenship and passport after five years in residency status. In Bulgaria, you can obtain residency between 6-9 months. The Bulgarian Citizenship by Investment program is up and running at its original legal conditions. The process ends with the issue of a Bulgarian Citizenship Certificate that allows the investor to get a Bulgarian passport. Save my name, email, and website in this browser for the next time I comment. Bulgarian Citizenship by Investment ordinary track. The process for obtaining a Bulgarian investment passport typically takes 2 years. We strongly advocate against practices, where the client is guaranteed successful outcome from the beginning without any preliminary due diligence and feasibility assessment. Registration in the municipality and in the register. Our lawyers are lodging formal citizenship application with the Ministry of Justice. Account opening with the selected Bulgarian bank. Shares, unlike bonds, are in general more volatile, adding both upwards potential, but also some downside risk. What are the requirements and what choice has the applicant in terms of the required investment. Citizenship application and grant. After the period of 2 years, you can obtain citizenship which is a fast track compared to other, There’s no language requirements on application, You don’t need to renounce your current nationality, that is, dual citizenship is allowed. To apply for Bulgaria citizenship through investment, you need to first achieve at least one year residency in Bulgaria, then deposit the minimum of BGN 1 million (€512,000) into the Bulgaria government bond program for a period of 5 years. Selection and purchase of the initial investment of 512 000 EUR. The "fast track option" starts at EUR 390,000 and shortens this period to only 18 months. Achieving all that would be at least feasible, if the western countries were issuing easily residency permits (in order to start the counting clock for the required residency term). And the list expands constantly, mainly because of the EU common visa reciprocity policy2. Citizenship and Investments LTD advises the Bulgarian Government... BCCI supports the Bulgarian Citizenship by Investment Program, The Cypriot CIP falls the first victim of the tightened EU regulations, Our participation at the "2018 Fall EB-5 Expo" in Ho Chi Minh, Vietnam, Our speaker at the "Emigration & Luxury Property" EXPO in China - 2018, Lecture in Hong Kong by our lawyer at the annual gathering on March 18, Our panellist at the "2018 Uglobal Investment Immigration Expo" in Vietnam, Rising number of US citizens applying for Bulgarian CBI, Bulgarian fast-track Citizenship vs other Countries Investment Citizenship Programs, More about the the eligibility of your investment - Government Bonds, EU Citizenship - do you need one? Another great advantage of the bonds is that they can be denominated in Euro, thereby eliminating both eventual currency fluctuations and any currency exchange fees. These are in general either exclusive properties with extremely high investment potential (including land plots) or historical (heritage) properties. There are numerous jobs in Denmark for English speakers that could end them with a good salary to live a quality life in Denmark.... Are you aware most foreign students have the intention to study and work in Canada at the same time? Preparation of the legal citizenship file. Germany, France, etc.) Bulgaria, as full EU member, makes no exception of this rule for its standard citizenship procedures. It is also very important to comprehend, that the investment required for the Bulgarian fast-track citizenship program is extremely liquid and comes with virtually no costs involved. There are also other financial investments that can be made through European bank to secure your citizenship in Bulgaria. I believe at this point, you’ve understood how to apply for Bulgarian citizenship by investment, the eligibility factors and documents needed to process. Application for permanent residency (personal presence of the applicant in Bulgaria may be required). Then lift your sails and prepare yourself to explore a whole new world of opportunities. Portugal is located in the Southwestern part of Europe.... Have you tried to consider the best countries for immigrants that have different government benefits to satisfy the citizens and also expatriates? profits from shares, bond coupons, investment funds, etc. Here’s a simple matrix to help determine whether a program is a CIP or not. Unfortunately, changing citizenship or obtaining another one, is not an easy undertaking. … Another advantage of holding EU citizenship and in particular Bulgarian one is the diplomatic protection that the EU is providing to all of its citizens worldwide. Must have maintained permanent resident status and a valid residential address for the past five years. A provision in the Bulgarian citizenship law exists that allows the applicant to effect only the initial investment of 512 000 EUR and to obtain immediately permanent residency status, as explained above. to protect their interests while abroad. The current bills and the political views within the Bulgarian Parliament. You can live, study and work anywhere Within EU and Bulgaria without permits or restrictions. The rule is that each EU citizen has the right of diplomatic protection from any EU diplomatic or consular authority worldwide (when there is no such authority from the home country of the EU citizen). As Bulgarian citizen, you and your children will also have full access to the best schools and universities in all member states. However, it’s a cultural melting pot with Greek, Slavic, Ottoman, and Persian influences; it has a rich heritage of traditional dance, music, costumes, and crafts. Effecting the second investment tranche by the client in order that the total invested amount to reach 1 024 000 EUR. Investment in government bonds €1,022,000 — a minimum investment (paid in two installments, per €511,000 each, with a 1 year interval) Bulgarian citizenship by investment - 2019 update! Investment Options to apply for Bulgarian passport Bulgarian passport by investment can be obtained by choosing one of the four options. This option provides the opportunity to invest in virtually any financial instruments – worldwide (the Bulgarian bank only acts as custodian). For the sake of accuracy, when determining which country provides visa-free access for certain nationals, it needs to be taken into account the different visa regimes in existence, such as "visa on arrival", "free transit visa for extended period", "electronic visa waiver", "e-visa", etc. If you’ve any further question in regards to this topic, please do let me know via comment section. This is a well-detailed guide explaining different paths to obtain Bulgarian citizenship by investment. 2. But can they even compare to a full EU passport and Bulgarian citizenship? You get relatively low tax rate and also free trades environment within the EU. The investment is fully refundable. The cities of Bulgaria are very secured and safe except for the pick-pocket issue some of the individuals living in Bulgaria do encounter in crowded places. Standard Track. Hong Kong: "EU Citizenship by Investment" - lecture by our lawyer at the annual gathering on March 18th 2018. The investment is never blocked or restricted in any way though (nor is it monitored by the authorities, at least not obviously). Australia is also known as... Spain citizenship by investment is achieved by obtaining a golden Visa, it was introduced in the year 2013 to enable foreign investors and non-citizens... Are you aware as a business angel, venture capitalist, and entrepreneur that you can obtain Turkey citizenship by investment? Numerous low GPA colleges are ready to accept students with low GPA scores. At SmartMove Immigration we provide assistance to EU and non-EU nationals to obtain Bulgaria Citizenship by Investment. Your dependants, their dependants and so on, they are all considered to be Bulgarian citizens as well (see Citizenship by Origin). The “Law for the Foreigners in Bulgaria� We, as your consultant and legal advisor in the process of obtaining Bulgarian citizenship, will need to verify the legal feasibility of your application first. However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. Benefits of Bulgarian Citizenship Lifetime European citizenship for the whole family and next generations. This citizenship vests new rights in Europeans, viz. Of course, the Bulgarian citizenship program has also many other advantages (you can read about "the 10 myths about the Bulgarian Citizenship by Investment program"), such as lower investment requirement, lower fees, the fact that the investment can be in monetary form thereby eliminating the need of buying real estate that the applicant doesn’t really need, and much, much more. Application for permanent residency for the main applicant’s family members (if applicable). – namely, to obtain the legal right to invest in real estate properties that are only available to EU citizens. For many years now, the Bulgarian Citizenship by Investment program has … 2 The European Parliament and the European Council have adopted a Regulation 1289/2013 with the aim to apply full visa reciprocity mechanism for the EU member states. But is there even a place for comparison? Think of citizenship by investment as your shortcut to a second passport. New applications are welcomed and decrees are issued regardless of widespread rumours that the program will stop. No language test for residence or citizenship. Bulgarian citizenship is a life saver. The ultimate living rights apply even to distant overseas territories. Visa application . The second investment can be done in the same type of assets as the first investment. Bulgarian is an urbanized place with lot of commercial activities going on. You can also read the word of caution section for additional information. You also gain access to high quality healthcare services. People with criminal background, unclear (suspicious) source of funding or any other irregularities will be rejected by the Bulgarian government and will not be able to obtain citizenship. The first step for a foreign national who is interested in obtaining Bulgarian citizenship by investment is to apply for a permanent residence permit based on the chosen type of investment. Read more. This is another advantage of the Bulgarian citizenship as it provides extremely favorable business opportunities to the Bulgarian nationals as well as perfect capital preservation climate. It is worth stating that the fast-track citizenship program doesn’t require the candidate to pass any language, history or other tests, nor to surrender his existent citizenship(s). However, it’s a great place to start-up your own business. Cyprus: The Cypriot CIP falls the first victim of the tightened regulations introduced by the EU authorities. To become Bulgarian citizen (through the standard procedures), one should live constantly in the country for 5 years, then he needs to obtain permanent residency and wait another 5 years and only then, after at least 10 years, the citizenship application can be submitted. Most of these... Every year, there are housekeeping jobs in Canada for different people to enroll. In accordance with the Bulgarian Citizenship Act, foreign investors who hold a permanent resident permit for at least five years are eligible to apply for Bulgarian citizenship. No requirement to reside in Bulgaria. At the moment, Bulgarian passport holders enjoy visa-free travel to about 150 countries1. Free movement within the Schengen countries after Bulgaria becomes a … The Bulgarian citizenship by investment program offers affluent persons of impeccable standing to receive Bulgarian (EU) citizenship on the basis of an investment in Bulgaria.