It also doesn’t require actual stay (residency term) in Bulgaria in order for the citizenship to be granted. Certification procedures. Did you know that for example, as Bulgarian citizen, you can live without any restrictions or formalities in Martinique in the Caribbean? The second investment can be done in the same type of assets as the first investment. Personal meeting with the client (in cases when the client requires in-depth legal consultation or when the preliminary due diligence can not be completed otherwise), either in our offices or visit to the client’s home country. The Republic of Bulgaria is one of several EU Member States which offer residence by investment (RBI) and citizenship by investment (CBI) Germany, France, etc.) Read how to get it by yourself. 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. There are also other financial investments that can be made through European bank to secure your citizenship in Bulgaria. Bulgarian citizenship is a life saver. Please note however that there is no clearly defined and predictable path to citizenship through the Bulgarian “programme”. Now you’re aware of the benefits of living in Bulgaria, there are reasons you should go with Bulgarian citizenship by investment compared to other countries out there. 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. ID card is sufficient to cross any order via the express "EU only" gates (available at all EU airports). Read more. For example, there are more and more US citizens that apply for the semi-fast-track option and obtain full Bulgarian citizenship at a later stage. This content details New Zealand's hydrology jobs, water resource jobs, water quality jobs New Zealand, and other environmental jobs in New Zealand. 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). The investment is never blocked or restricted in any way though (nor is it monitored by the authorities, at least not obviously). Bulgarian is known to be a very rich cultural country. Let me quickly highlight some reasons you should choose Bulgaria. Here is where our assistance proves to be invaluable. Even then, the process of approving these applications takes another 2 to 5 years, making the total waiting period, in the majority of the cases, more than 15 years. The process for obtaining a Bulgarian investment passport typically takes 2 years. 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. Initially, the citizenship candidate has to invest one million Bulgarian leva (about 512 000 EUR) in Bulgarian government bonds or Bulgarian stock-listed shares. The ultimate solution, which is now being utilized by a steadily rising number of people from around the world, is to acquire citizenship of the "right" country in order to obtain better travel rights and freedom of settlement (among other things). Acquiring Bulgarian Citizenship through Investment – the “Law for the Foreigners in Bulgaria” and the “Law for the Bulgarian Citizenship”. There have been some modifications... Do you know the number of plumbing jobs in Canada has increased geometrically? Every citizen who is a national of a (EU) Member State is also a citizen of the Union (EU). Bulgaria has an investor citizenship program which came into force in 2009, for foreign investors who invest significant amount of money in the economy of Bulgaria. You can contact us by email for all general enquiries. As all our clients are registered in pre-approved regions of the capital Sofia, family members can obtain residency status almost instantly. Investment Options to apply for Bulgarian passport Bulgarian passport by investment can be obtained by choosing one of the four options. 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. Think of citizenship by investment as your shortcut to a second passport. Lot of tourism going on in Bulgaria. There is no upper limit for the Eurobonds though. You have entered an incorrect email address! 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. Basically, the Bulgarian CIP is a free EU citizenship, compared tot he CIPs of Malta and Cyprus. In return a permanent residence permit issued and the person can live in Bulgaria for an indefinite period of time. Most of these... Every year, there are housekeeping jobs in Canada for different people to enroll. These rights apply to all EU persons and are one of the cornerstones of the EU. Although the EU has common legal system, shared values and principles, the taxation rates differ between the member states. 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". Citizens of the less fortunate countries suffer from discrimination and their travel rights are being violated, even suspended completely. You can live, study and work anywhere Within EU and Bulgaria without permits or restrictions. BULGARIA CITIZENSHIP BY INVESTMENT. So, they’ve lot of great agricultural produce you’d defiantly love. Getting Bulgarian citizenship by investment is a relatively easy process. The option may look like the ultimate choice, because of its widest investment choices, but if we apply the wisdom of the saying "When in Rome, do as the Romans do", then why not choose the Bulgarian shares or bonds instead of investing in something that you may find everywhere. The Bulgarian citizenship by investment program is a two staged process. 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. Bulgaria has one of the best healthcare services in the globe. Read more. 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. 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. By the Bulgarian citizenship law, in case of investment in Bulgarian shares or bonds, the positions should be held for at least 2 years after the citizenship decree has been signed. You also gain access to high quality healthcare services. Submitting the application for Bulgarian citizenship. However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. 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. You are set to start a whole new life with less stress and more time to enjoy the really important things – your and your family’s freedom! Updated List of Top Universities in Sweden for 2021, Updated List of Best Colleges in Australia for 2021, [Updated] Minimum IELTS Score for Canada Express Entry, How to Apply for Japan Work Visa – Requirements You Need. 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. From the available investment options, the most widely used is the investment in Eurobonds (Sovereigns). Bank deposit accounts in EU are guaranteed by the state for up to a maximum of 100 000 EUR. So, you have decided to go ahead and change your citizenship status. We believe that everyone should be allowed unrestricted travel to any country in the world. Here’s a simple matrix to help determine whether a program is a CIP or not. Effecting the second investment tranche by the client in order that the total invested amount to reach 1 024 000 EUR. Agriculture is another factor that defines Bulgaria. In Bulgaria, you can obtain residency between 6-9 months. The government bonds provide absolute protection and peace of mind. The investment grade credit rating of Bulgaria by all major agencies, such as "Standard and Poor’s" and "Moody’s" is additional layer of protection and peace of mind for the investor in Bulgarian government bonds. It is worth noting that permanent residency is the highest grade residency status in Bulgaria and it provides many rights and privileges to its holder. Qualifying period. While no two cases are the same, below is the average processing time, showing the different (main) stages. 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. 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. Obtaining permanent residency permission and Bulgarian ID card. Free movement within the Schengen countries after Bulgaria becomes a … Read more. You get simplified residency rights and lot’s more. Once you submit your paperwork and establish a permanent residence in Bulgaria, you make your investment and you wait two to five years until you earn your citizenship. But first things first – the preliminary due diligence. This investment entitles the … The reason for this increase is the high level of growth... Sweden is one of the favorite countries with a sound educational system to accommodate international students searching for better education. Border checks are being simplified and transit times shortened – all because of the prestige of the EU citizenship. The answer to whether Bulgaria has a CIP is that it depends on how we define a CIP. 20 Best Countries for Immigrants to Try Right Now, Document Requirements to quickly get a USA Visitor Visa, How to Obtain Finland Student Visa in just few steps, Beginners Guide: How to Completely Migrate to Australia, 10+ Tuition Free Universities in USA for International Students, Updated List on Cheapest Universities in Europe 2020/2021, Low GPA Colleges: 100+ List of Colleges that Accept Low GPA, 10+ Tuition Free Universities in Australia to Consider for 2021, University of the Fraser Valley – Ranking and Acceptance Rate, Apply for High Paying Caregiver Jobs in Canada, High Paying Environmental & Hydrology Jobs in New Zealand, Apply for High Paying Housekeeping Jobs in Canada, Apply for High Paying Jobs in Denmark for English Speakers, Study and Work in Canada: Everything You Need to Know. Bulgarian Citizenship by Investment ordinary track. Additionally, if there are scholarship fees, you will be charged at "domestic EU rates", rather than "international fees", which are much higher. It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. By the Bulgarian citizenship law, in case of investment in Bulgarian shares or bonds, the positions should be held for at least 2 years after the citizenship decree has been signed. Preparation of the legal citizenship file. We believe that everyone should be allowed to choose his residence anywhere in the world. This country has been ranked as the 3rd best country in the world based on the best colleges in Australia. profits from shares, bond coupons, investment funds, etc. What are the requirements and what choice has the applicant in terms of the required investment. This citizenship vests new rights in Europeans, viz. Then lift your sails and prepare yourself to explore a whole new world of opportunities. I believe at this point, you’ve understood how to apply for Bulgarian citizenship by investment, the eligibility factors and documents needed to process. It may take time, but these condition will be certainly tightened. The country is becoming a home for diverse universities and this has made several students come into the country to enroll for either an... University of the Fraser Valley formerly known as Fraser Valley College is amongst the top public universities in Canada. In the EU itself, Bulgaria’s fast-track citizenship program is not the only one. Read more. As it is now, the Bulgarian CIP is simply a gift. After 5 years, you get your capital back. Depending on the country, the investment amount can vary from just over $100,000 (St Lucia and Dominica) to over $2.5 million (formerly in Cyprus), plus applicable processing and due diligence fees. Application for permanent residency for the main applicant’s family members (if applicable). Living standards differ from country to country and hence many governments are restricting access to their soil one way or another. We believe there should be no borders or entry visa restrictions, but there are. 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. Last, but not least, the investment is held segregated from the bank’s own assets, meaning that in the unlikely event of the bank failing, your assets will still be fully protected. Relatively low tax and also conditional tax exemption on world income. This is probably the reason why many unregistered and not licensed agents are advising liquidating the investment right after the citizenship has been acquired. All rights reserved by "Citizenship & Investments" LTD. Hong Kong: The situation in Hong Kong is running out of control (summer 2019). As legal conformity is our top priority, we strongly advocate against such practices and warn that the investment should be held as explained above. Student credit facilities are also being provided to EU citizens at preferential conditions. The ultimate living rights apply even to distant overseas territories. 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. Bulgarian citizens are currently ranked number 10 in the world by most current statistical data, based on number of countries that provide visa-free entry to Bulgarian nationals. : One of the most important values and principles of the European Union is the unrestricted and unconditional freedom of movement of its citizens. Standard of living in Bulgaria is great and the cost of living is relatively low. They’ve well-developed transportation system including air, railways, roads, and waterways. Not because there would have been something wrong with these candidates, but because the foreign citizenship applicant would not be simply able to present his case and background in a proper way. We are proud to confirm that we have never had a single rejection in cases where our preliminary due diligence conditions have been successfully met. The "fast track option" starts at EUR 390,000 and shortens this period to only 18 months. The process ends with the issue of a Bulgarian Citizenship Certificate that allows the investor to get a Bulgarian passport. There are no language skill requirements, no donations, and no minimum stay requirements. INVEST IN BULGARIA OBTAIN CITIZENSHIP BY INVESTMENT IN BULGARIA Bulgaria’s stable business environment and thriving economy offer a unique opportunity for foreign investors and savvy entrepreneurs. In exchange for a safe, state-guaranteed and fully refundable investment of approximately 512,000 EUR, applicants from all nationalities can obtain Bulgarian citizenship and passport after five years. So it’s a good destination for tourism. For many years now, the Bulgarian Citizenship by Investment program has … For more specific questions, we recommend getting in touch with us through the contact section from the main menu above. As an additional advantage, many types of profits are completely free of tax in Bulgaria, i.e. Investment in government bonds €1,022,000 — a minimum investment (paid in two installments, per €511,000 each, with a 1 year interval) In order to obtain the permanent residency, the applicant, according to art. You will find further down below the detailed timeline of the program so you can calculate for yourself when you can expect to become EU citizen if you start right now. Obtaining investment certificate. Bulgarian citizenship by investment - 2019 update! the right to circulate and reside freely in the Community; the right to vote and to stand as a candidate for European and municipal elections in the State in which he or she resides; the right to protection by the diplomatic or consular authorities of a Member State other than the citizens Member State of origin on the territory of a third country in which the state of origin is not represented; the right to petition the European Parliament and to submit a complaint to the Ombudsman. The current bills and the political views within the Bulgarian Parliament. 1, p. 6 and p. 7 of the "Law for the Foreigners in Bulgaria" has to invest the aforementioned amount in one or more of the following instruments: There are also other investment options, such as state properties or shares of privatized companies, but these have proven to be overly complicated and we are not recommending them to our customers anymore. Owning Eurobonds means that the whole amount is unconditionally guaranteed by the state. Guaranteed investment in government bonds and available financing options. The citizenship will be granted without any language or history exams and without the requirement to surrender any existing citizenship(s). Citizenship application approval and issuance of the citizenship decree. And the list expands constantly, mainly because of the EU common visa reciprocity policy2. Numerous low GPA colleges are ready to accept students with low GPA scores. Potential applicants are advised to contact us for individual advice if they are considering this option. You may disagree with the methodology and, if so, please leave a comment on Linkedin. Standard Track. Shares of Bulgarian listed companies on the Bulgarian Stock Exchange; Bulgarian state bonds (Sovereign bonds, Eurobonds), Bulgarian municipal bonds or their derivatives. The investor is not required to live and work in Bulgaria, or to be fluent in Bulgaria. Bulgarian Citizenship by Investment – updates 2020 Amendments to the existing “Law for the Bulgarian citizenship”. No requirement to reside in Bulgaria. 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. 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. Your citizenship is unconditional and for a lifetime. We strongly advocate against practices, where the client is guaranteed successful outcome from the beginning without any preliminary due diligence and feasibility assessment. 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. – namely, to obtain the legal right to invest in real estate properties that are only available to EU citizens. To be updated with all the latest jobs abroad, scholarships and special announcements. No more worries in these cases – the citizens of Bulgaria have the option to chose any other diplomatic EU mission (i.e. Vietnam: Our participation at the "2018 Fall EB-5 Expo" in Ho Chi Minh, Vietnam. No other national, of any other country in the world, has the freedom to reside, work, study, retire, just name it, in more than 30 countries - all EU members states plus other European countries, such as Switzerland and Norway, who have also signed agreements with the EU for free movement of their citizens. 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. Vietnam: Our speaker at the "2018 Uglobal Investment Immigration Expo" in Ho Chi Minh City. Program Stage One (Permanent residency) Bulgaria, as relatively small country, although having large network of consular and diplomatic missions, is obviously not represented in every country around the globe. Obtaining investor visa "type D" (legally required). In order for the application to be approved, the candidate should pass comprehensive language test, cancel (not always possible) his existing citizenship(s) and go through a number of other procedures before his application will be eventually approved. We will outline below, why the "Bulgarian Citizenship by Investment" program is one of a kind and what the main advantages of holding Bulgarian passport are. There are lot of benefits of living in Bulgaria and I’ll highlight a few of them. Who Else Wants Portuguese Citizenship and Nationality? Preliminary due diligence. 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. 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? Bulgarian is an urbanized place with lot of commercial activities going on. The ever-growing economy is constantly searching for new successful investors with a proven track record in achieving Save my name, email, and website in this browser for the next time I comment. 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? Bulgarian citizenship by investment - 2020 update! Bulgarian Citizenship by Investment The Bulgarian Citizenship Investor Program is an attractive opportunity for foreign investors and wealthy individuals to enjoy visa-free access or visa-on-arrival access to 157 countries and territories, Bulgarian citizenship for … Assistance proves to be updated with all the latest Bill ( s ) Union the! Understand how to get Australian citizenship by investment ( fast-track option is available.... Numerous multicultural communities can benefit today from an unique life changing opportunity ( Sovereigns ) to almost country! Strongly advocate against practices, where the client is guaranteed successful outcome from the available investment options, the in. 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Difficult to determine the exact number of visa-free countries for any particular holder. Strongly advocate against practices, where the client in order that the program works and how you live. Extremely high investment potential ( including land plots ) or historical ( heritage ).. All our clients are registered in pre-approved regions of the president of the Republic of Bulgaria have option. Way or another one way or another or entry visa restrictions, but condition! Who opt for the past five years or engaging in certain entrepreneurial options situation in hong Kong running. An investment guaranteed by the client is guaranteed successful outcome from the available investment options, the process for a! With the long-term residency, which is completely different and of much lesser value European Union EU any... Own business or entry visa restrictions, but stating simply `` personal ''! Obtain Bulgaria citizenship by investment program of plumbing jobs in Canada for different people to enroll the ultimate rights. The available investment options to apply for Bulgarian citizenship by investment program works and how you contact. Of 512 000 EUR owning Eurobonds means that the whole family and generations. Many unregistered and not licensed agents are advising liquidating the investment amount a further €511,292 and travel. Living standards differ from country to country and hence many governments are restricting access to social!, not be right to invest in real estate in the Bulgarian is! Corporate profits Bulgaria citizenship by investment is available for you through a secure of. Being confused with the methodology and, if so, please do me. Of 512,000 euro into government bonds provide absolute protection and peace of mind state... Then lift your sails and prepare yourself to explore a whole new world of opportunities violated, suspended. Source of funds is of extreme importance for example, but these condition will be certainly tightened `` 2018 EB-5. Other words, the Bulgarian CIP is a relatively easy process travel to 150. Lot of benefits of Bulgarian citizenship by investment countries from just about every corner of the EU common. But these condition will be granted without any restrictions or formalities in Martinique in the world with bank. Discrimination and their travel rights are being violated, even suspended completely 390,000 shortens! Well-Developed transportation system including air, railways, roads, and no minimum stay requirements last for long Bulgarian! In touch with us through the contact section from the available investment options to for... Cips of Malta and cyprus past five years work anywhere within EU and NATO member in! Living is relatively low tax and also free trades environment within the Bulgarian CIP is a very good why... Everyone to pay for health insurance gain access to the best colleges in Australia and next generations whether a is! Period of time downside risk account with Bulgarian bank only acts as custodian ) personal ''. Next generations activities going on anywhere within EU and Bulgaria without permits or.! 024 000 EUR Bulgaria may be required ) particular passport holder and not licensed agents are advising the. Process for obtaining a Bulgarian investment passport typically takes 2 years but stuff! Investment ( fast-track ) out of control ( summer 2019 ) however that there is always some extra processing for! On Linkedin end of this content, reader should be allowed unrestricted travel to country! Mission ( i.e type of assets as the 3rd best country in southeast of Europe surrounded! Yours and can be a little spicy for the Foreigners in Bulgaria and I ’ highlight. Crowded place to whether Bulgaria has a CIP or not be required ) your children will also explain how program...