Bulgaria
Permanent Residency & Citizenship Program
The Bulgaria PR & Citizenship Program allows an applicant to obtain a lifelong permanent residence in 4-6 months, entitling him to free movement throughout the 26 Schengen member countries in Europe. Applicants can apply for citizenship after holding permanent residence (PR) for five years.
Information about Bulgaria
- Bulgaria is a Balkan nation. It is located in southeastern Europe, bordering Romania, Serbia, the Republic of Macedonia, Greece, and Turkey.
- The country has a population of 7.3 million people, approximately 18% of whom live in the capital city of Sofia (1.3 million).
- Bulgaria has a temperate continental climate, with hot summers (27°C) and snowfall in winter (-4°C).
- The official language is Bulgarian, and a large percentage of the population also speaks English, German, or French.
- Bulgaria is part of the European Union, but not part of the Eurozone. The currency is the Lev (BGN), which is tied to the euro (€): 1 EUR = 1.95583 BGN. The GDP in 2015 was USD $18,501 per capita, with a growth of 3.9%.
Application criteria:
- The applicant must possess a valid passport and reside legally in any country.
- The principal applicant must be a minimum age of 18 years (no maximum age).
- The applicant must provide a declaration explaining the source/origin of invested funds.
- The applicant must pass a medical and security background check.
- Visit Bulgaria four times, for 2-4 days (but no further in-country residence requirement).
- The applicant must make a one-time payment of €155,000 non-refundable (a financed package that replaces the minimum 5-year investment of €512,000 in bonds).
Program Benefits
- PR is valid for the applicant’s lifetime.
- The Government processing time for due diligence and (PR) is 4-6 months approximately.
- Bulgaria citizenship will allow the applicant and his / her family to reside, work, and attend school in Bulgaria and Europe.
- There are no restrictions on nationalities (all foreign nationalities may apply).
- Bulgaria offers a high quality of life, including modern business and medical facilities, shopping, natural beauty, sports, cultural events, and a warm climate.
- There is no net worth, age restriction, language requirement, in-country residency requirement, education requirement, or management/business experience requirement.
- Bulgaria has one of the lowest tax rates in the European Union and a free-trade environment.
- No Bulgarian income tax if the PR holder resides outside Bulgaria.
- Bulgaria allows dual/multiple citizenship.
- Citizenship is transferable by descent, so is transferred to all children and grandchildren regardless of age, marital status, or family size (including adopted children).
- Citizens have visa-free access to approximately 142 countries and territories, including Canada and Europe.
Citizenship Requirements:
After having PR status for 5 years, the applicant may submit a citizenship application to the Government of Bulgaria
- The applicant must attend an interview for citizenship at any Bulgarian embassy worldwide (or within Bulgaria).
- The Government will conduct another due diligence check.
- The applicant undergoes a medical check by a doctor in his country of residence.
- Once the principal applicant receives citizenship, he may apply for the children’s citizenship by descent (including adopted children) right away.
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