Bulgaria’s Citizenship Program

As one of the youngest EU member states, Bulgaria boasts a rich and diverse culture, temperate climate, and ideal location in Southeast Europe. The Investor Program for Residence and Citizenship in Bulgaria helps get you there faster with the following benefits.

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Eligibility Criteria

  • The main applicant must be at least 18 years of age;
  • In possession of a valid travel document;
  • Provide proof of having been a resident of Bulgaria for a period of 12 months preceding the issuing of a certificate of naturalization;
  • Have a Global Health Insurance coverage for the main applicant and each of the dependants.
  • Clean criminal record;
  • Proof of sufficient income to support yourself and your family;

Dependants

  • Spouse – in a monogamous marriage or in another relationship having the same or similar status to marriage;
  • Dependants of 18 years of age and under;
  • Dependants between the age of 18 and 29 years of age, who are not married and who are wholly supported by the main applicant and form part of the household; and
  • Dependants over the age of 55 years (e.g. parents), who are wholly supported by and who form part of the household of the main applicant.

KYC (Know Your Customer) of Agent on applicants;

Submission of Residency Forms to Agency for Due Diligence and Police Clearance;

Submission of Eligibility Pack to Agency for Completeness & Correctness/ Tier 3 & 4 Due Diligence;

Agency informs Agent if applicant is eligible to apply for Citizenship or not;

Subject to option chosen (12 months or 36 months), Agent presents Citizenship application;

After further checks and due diligence, the Agency informs the Minister with the findings;

Minister to decide whether to approve application based on the Agency findings;

Applicant fulfills his/her obligations (donation and property);

Oath of Allegiance in Bulgaria / Certificate of Naturalisation by Investment.

Investment Required

  • Investment of BGN 500,000 (€255,646) in the capital of a trade company under which tangible or intangible assets are acquired and 10 or more jobs for Bulgarians are created; the reason for maintaining the foreigner’s permit and the investment must be proven to the Ministry of Economy
  • BGN 1 million in collective investment schemes or alternative investment funds (minimum net asset value requirements apply in both cases) licensed and registered by the Financial Supervision Commission and whose investment strategy is targeted predominantly towards Bulgarian companies and which solely invest in assets and/or bonds of Bulgarian companies, including special purpose investment companies
  • BGN 1 million investment in rights under concession contracts on the territory of the Republic of Bulgaria
  • BGN 2 million investment in share capital of a Bulgarian trade company implementing a priority investment project certified under the Investment Promotion Act and verified by the Ministry of Economy or in shares or bonds of Bulgarian companies traded on a Bulgarian regulated market or multilateral trading facility in Bulgaria
  • BGN 6 million investment in the capital of a non-publicly traded Bulgarian company

The requirement to maintain the investment for a period of at least 5 years remains

Benefits

  • Residency within six to nine months
  • Fast-track option for citizenship within two years
  • Special exemption from physical residence enforced with legislation
  • Government-approved investments
  • No language requirements
  • No obligation to relinquish current nationality
  • Lowest tax rates and free-trade environment within the EU
  • Free movement within the Schengen zone after Bulgaria becomes a member state
  • Access to high-quality health care in Bulgaria and in the EU
  • Conditional tax exemption on world income
  • Benefits for Citizens
  • Unrestricted right to live, work and study in Europe.

Let's Connect

Our team of experts is available to discuss any queries you may have and guide you through this process. Get in touch with us to set up a meeting at your convenience.