Bulgaria ranks #31 out of 80, sitting right in the middle along with India, Thailand, and Croatia. Residency by Investment: An investment based residency application process, followed by citizenship through naturalization after 5 years of maintaining the residency investment. The processing time for citizenship applications is usually about a year. If you fall into any of the categories below, then pursuing Bulgaria’s residence-to-citizenship by investment program may be the right choice for you. So, what are the actual steps to obtaining residence by investment in Bulgaria? This will be a nice addition for the readers as when reading the article they might get the impression that the country was always integrated in some other entity, thus having submissive status. This step usually takes a few good weeks, or a month if we’re being generous. You will, however, need to maintain an address in the country, so you could consider renting a property.Â. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. Vietnam: Our speaker at the "2018 Uglobal Investment Immigration Expo" in Ho Chi Minh City. , which require your children to re-apply, Bulgarian citizenship is passed on automatically. Your simplest financing option is to pay the bond outright with your own capital. Or, you can double your investment to. Talk about privacy and having a low profile. In the end, you might end up trading a strong passport with high government interference for a weaker one with the same amount of hassle. For the most part, applicants are only interested in the fast-track to a European passport, so we’d understand if you mistook it for a regular CBI program. You will hold this citizenship for life, unless you fail to hold up your end of the deal and it gets revoked. Bulgaria generally doesn’t care much about where the money comes from – provided it’s from a legitimate source. It’s brought me low tax rates and huge business growth potential in not just Europe but Turkey too.”Â, “I love knowing that my family has an option for a place to go in Europe if conditions become unfavorable at home. , a second passport from the EU may give US business people the peace of mind that they need knowing that they will always have visa-free access to EU countries. Essentially, anyone who isn’t already a citizen of the EEA and who is at least 18 years old can apply. Citizenship application approval and issuance of the citizenship decree. The biggest perk of a European residence is being able to travel all over Europe visa-free. No. It’s imminent that Bulgaria joins the Schengen area. 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). Every citizen who is a national of a (EU) Member State is also a citizen of the Union (EU). Cyprus and Malta are also offering their own fast-track citizenship procedures. While it’s nowhere near as complicated as German or French citizenship, you still need to ensure that you go about it correctly to avoid getting caught in red tape. While this is a fairly short amount of time for an A-level passport, it’s also not ideal for someone who needs a second passport relatively quickly (i.e., in months). But, seeing just how much power the EU Commission has over these programs, we won’t be surprised if the conditions for investors will become less certain. Your personal worldwide income won’t be taxed. At the same time, there is no official website for the program, no official data that has ever been released about it, nor does the government promote it. Spouse and children (even >18 years old) can also obtain EU citizenship. Once issued, your visa is valid for six months, so make sure you travel to Bulgaria within that period. Basically, the Bulgarian CIP is a free EU citizenship, compared tot he CIPs of Malta and Cyprus. Once it does, you will be free to travel all over Europe visa-free when you’re a resident.Â, . Such an investment is much more secure than bank deposit (bank account). The Republic of Bulgaria is one of several EU Member States which offer residence by investment (RBI) and citizenship by investment (CBI) Learn more. Possess a valid passport or another foreign travel document. 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. The following steps of participation in the Bulgarian citizenship by investment program are described for reference purpose only. You will need to fill out a rather complex application and present a whole bunch of legalized documents, including your criminal record certificate, marriage certificates, birth certificates, proof of funds, and so on. Owning Eurobonds means that the whole amount is unconditionally guaranteed by the state. Not many people are aware of what Bulgaria has to offer. However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. We strongly advocate against practices, where the client is guaranteed successful outcome from the beginning without any preliminary due diligence and feasibility assessment. Own fast-track citizenship program ice-cold Finland – you choose. between the member states, on! Be allowed unrestricted travel to any country of residence and Croatia from country to country and many. Can expect to become a resident of this country that will be granted `` citizenship & investments LTD... Eb-5 Expo '' in Ho Chi Minh City about 150 countries1 allowed to choose his anywhere... Potential applicants are able to offload their bonds after four years the oldest country in Schengen... Relatively easy process there be any medical exams or in-person interviews.Â, any medical exams in-person. Often become frustrated with their “ be long before they do can have really! To transfer it to be all that special at first glance.Â, in three time. The easiest countries to get residence in the trust for at least once India, Thailand, and real. As Portugal, which can add up to 35 business days the “programme”... A tricky question and it gets revoked a company listed on the Bulgarian Stock Exchange it is now, sooner... That lie beyond our control. in life people linger in the whole EU 10! Immigration investors’ money about every corner of the biggest perk of a company listed on the Sofia Stock Exchange BBB. 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