A residency tax must be paid at the bank in the immigration office. – Investing in economically deprived regions following the Act for support of investments, via depositing at least 250 000 Lev in the raising capital of a local company, where we can perform all necessary legal activities and registrations in the Companies House. The applicant must apply for a permanent residence permit and ID card in Bulgaria. On July 18th, 2019, following a meeting of Moldova’s Supreme Security Council in Chișinău , President Igor Dodon informed that the government had suspended the country’s recently opened citizenship by investment program pending a review. We can perform the needed legal activities for implementation of all of the possibilities given by the Foreigners Act in Bulgaria and the Bulgarian Citizenship Act towards foreigners, who would be interested to reside temporarily or permanently here, including, but not only, under the following conditions: – Performance of trade activity Bulgaria following the legal procedures, where as a result of it at least 10 full-time job positions for Bulgarian citizens have been created; where we can prepare and perform the necessary registrations of local corporate entity, assist the company in concluding all types of labor contracts and the help the client with the legal activities for fulfillment of the legal requirements for obtaining residence. Bulgaria Investor Residency Any individual desirous of residing in Bulgaria for more than three months within a six month period is required to obtain an extended residence permit with a validity of one year. The Bulgarian legislation is extremely favorable for these foreign investors who would like to invest in our country and at the same time to obtain residency permit or even Bulgarian citizenship through investment. powers of attorney, to enable the proxy to represent the Investor before the various Bulgarian authorities during the application process – to conclude an agreement with Investment Intermediary in Bulgaria, to open an account on the name of Investor and to make the investment (i.e. You will be called to have your picture taken. Work permit and residence for seconded employees. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. Non-EU nationals and their families (spouse and children below 18) can apply for Permanent Residence in Bulgaria if they invest in several financial instruments. In exchange for a safe and state-guaranteed investment, applicants from all nationalities can obtain permanent residence with only 2 statutory visits to Bulgaria. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. €512,000 EUR. 2019 © European Line Management Consultancy, Average cost of setting up a private limited liability company in Bulgaria is around 500-800 EUR, Normally the registration process takes about 2-3 weeks to be fully completed. The country has produced streamlined legislation to create an efficient process by which non-EU residents may obtain a residence permit - and citizenship if so desired - based on investment. More about the options to obtain residency permit for Bulgaria through investment, you can read in the following article: PERMANENT RESIDENCE IN BULGARIA THROUGH GOVERNMENT SECURITIES, BULGARIAN CITIZENSHIP. The applicant can enter the country when he or she wishes within this 6 months. The applicant will have to travel to apply for his Permanent Residence Permit, and later to apply and obtain his ID card. Holders of a Bulgarian D visa and residence permit can reside legally in Croatia, Cyprus, Romania and Serbia for 90 days in any 180 days period visa free. Permanent Residence Permit via Investment in Bulgarian Government Bonds. Bulgarian Permanent Residency through Property Investment This is an investment based opportunity for individuals who invest €300k in Bulgaria. EU Blue Card. The Foreign citizen has been issued a work permit by the Bulgarian Employment Agency, and; The Foreign citizen conducts business activities in Bulgaria, provided that the Foreign citizen has employed at least 10 Bulgarian nationals, etc. The Investor will have to visit Bulgaria for apply and to personally pick up the residency card and the address card (this has to be done within 180 days from the issue of the D-type visa). The investment is fully guaranteed by the government bonds. Spouse and dependents are allowed to apply too. Currently, Bulgarian residence permit grants visa-free travel to Romania, Cyprus and Croatia. Permanent residency of Bulgaria is granted to citizens of … Family members will obtain permanent residence in 3 months. Though, they will not be granted citizenship at the same time as the applicant. 3. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. Bulgaria is a EU and NATO member country in southeast of Europe, surrounded by Romania, Turkey, Serbia and Greece. To obtain Bulgarian citizenship by investment, you must first obtain a residence permit, and then permanent residence. The requirements for those who opt for the regular program are as follows: 1. The government bond portfolio is for an investment period of at least five years. Be over 18 years old. 10 of the Foreigners in the Republic of Bulgaria Act. Spouse and dependents are allowed to apply too. There’s contention among citizenship by investment practitioners regarding the residence/citizenship by investment program in Bulgaria. participating in the political process by registering and voting, joining the police force or military). Long-term residence permits up to one year, and B. 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. Portugal. European But Not EU Member States’ Residency by Investment Programs Applicants, who are already visa D holders and intend to take part in research with Bulgarian-based company (e.g. All the above options focus on the financial investment in our country in order to allow obtaining a residency permit. 24, sec. There is no physical residence requirements or fluency in Bulgarian language as required by the general naturalization rules. Since 1997 there is a currency board, established in Bulgaria and BGN is pledged to the Euro at the rate 1,95583. Must have maintained permanent resident status and a valid residential address for the past five years. Consequently, Bulgaria’s improving economy will also continue to attract foreign investors and immigrants; many of whom will consider starting a business in Bulgaria , applying for a Bulgarian residence permit or Bulgarian citizenship . The investment is fully guaranteed by the government bonds. Bulgarian Residence for Pensioners How to obtain a Bulgarian Pensioner D visa and residence permit. The purchase of Bulgarian Government Bonds is the best option for candidates with funds available for such volume of investment. Q) How many years do I have to stay in Bulgaria to obtain a Bulgarian permanent residence permit? By choosing I Accept below, you consent to our use of cookies and other tracking technologies. After this, candidates immediately become eligible to apply for Bulgarian citizenship. You should also have at least the equivalent of one month’s minimum wage 235.20 EUR per month (Jul 2017) in the account. – Investment of 6 000 000 Lev in the raising capital of a local company which does not participate on the regulated stock market. Bulgaria Citizenship by Investment. Temporary residence by investment in Real Estate The law requires the applicant to invest in real-estate in Bulgaria the amount of 312, 000 € in order to obtain temporary residence. 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