COUNTRY PROFILE AND HISTORY

The Republic of Bulgaria is a country in southeast Europe. It is bordered by Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. The population of Bulgaria is 7.4 million and the total area is 110,879 km². The country is served by five international airports and the main language is Bulgarian. The predominant religion is Christianity and the capital city is Sofia.

The currency is currently the Bulgarian Lev (pegged to the Euro at a rate of 1 EUR = 1.95583 lev); as a member of the EU since 2007, Bulgaria is expected to adopt the Euro in 2015. The country has a parliamentary democracy and is a member of NATO, the Organization for Security and Co-operation in Europe (OSCE).

PROGRAMME OVERVIEW

The programme is based on the Bulgarian Citizenship Act, which was amended in December 2013. For the residency option, investment is made in a government bond portfolio and held for five years. After this time the full amount of BGN 1 million (€511,292) is returned to the investor without any accrued interest. The investment is fully guaranteed by the government bonds. A reduced amount of €195,000 can be paid that will be used to finance the government bond. A loan is then initiated and repaid at no further cost to the investor.

The Investor Programme for Residence and Citizenship in Bulgaria now also offers a fast-track citizenship option whereby, after completing at least one year of permanent residency, citizenship can be applied for after one year, by doubling the amount of investment. The fast track investment option can also be financed for an additional €100,000.

THE PROCESS

Obtain your Bulgarian residency in only 8 months.

After 5 years in the Bulgarian residency program you will be able to apply for Bulgarian citizenship.

 

TRAVEL WITH EASE

Enjoy the comfort of visa-free travel to 143 countries, including any country within the Schengen Area. You can enter these countries directly, without lengthy custom checks and without previously visiting Bulgaria.

Furthermore, you will be entitled to reside within any of the Schengen countries for up to three months within every six-month period and may enter multiple times.

 

TAKE ADVANTAGE OF NEW BUSINESS OPPORTUNITIES

Within Europe, Bulgaria has the most attractive tax regime: The corporate income tax is the lowest in the EU, with 10%, while the personal income tax is also 10%, flat rate. When you open up an industry in an area with high unemployment rates, the applied tax rate will be 0%.

Furthermore, Bulgarian passport holders benefit from the strategic location of the country in the heart of the Balkans. Bulgaria provides direct access to the EU market (tariff free market, population about 500 million), as well as Turkey, the Middle East and North Africa.

 

ENJOY THE MANY OFFERS OF BULGARIA

Some of the benefits of living in Bulgaria include the relaxed lifestyle, the southern hospitality and warmth, a very pleasant climate which allows for outdoor activities in all seasons, the beautiful mountains and countryside sceneries and competitive pricing models.

PRIMARY BENEFITS


  • Permanent residency can be obtained in six months
  • Fast track option allows the application for full citizenship in two years
  • Investment is made in a government-approved bond and the investment is held for a duration of five years
  • Finance options are available
  • Applicants are not required to renounce their current citizenship
  • No residency requirements
  • No language requirements

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