Two tracks available
Fast track option available to accelerate the Bulgaria citizenship process
Fast track
Standard track
Fast Track
2 investments of ~€ 500,000.00
2 years
- * Second tranche can be made at any point after 1 year of holding permanent residence status

Initial
investment
investment

Visa
application
application

Permanent
residence
residence

Qualifying
period
period

Second
investment
investment

Citizenship
application and grant
application and grant
The applicant makes the qualifying investment and receives an Investment Certificate
The applicant applies for long-term visa D at a Bulgarian Consulate in the country of residence
The applicant applies in person for the Permanent Residence Permit (PRP), and then obtains a Bulgarian ID card
1 year from Permanent Residence Permit grant
The applicant makes a second investment and receives a second Investment Certificate
The process ends with the issue of a Bulgarian Citizenship Certificate that allows the investor to get a Bulgarian passport
Standard Track
1 investment of ~€ 500,000.00
6 years
- * No need to make additional investments

Initial
investment
investment

Visa
application
application

Permanent
residence
residence

Qualifying
period
period

Citizenship
application and grant
application and grant
The applicant makes the qualifying investment and receives an Investment Certificate
The applicant applies for a Bulgarian long-term visa D at a Bulgarian Consulate in the country of residence
The applicant applies in person for the Permanent Residence Permit (PRP) and then obtains a Bulgarian ID card
5 years from Permanent Residence Permit grant
The process ends with the issue of a Bulgarian citizenship certificate that allows the investors to get a Bulgarian passport
Options and requirements
Different low-risk investment classes can lead to Bulgarian citizenship. Facilitated administrative route for applicants.
What are the investment options?
The Bulgaria Citizenship By Investment Programme Offers different investment classes.
UCITS and
ETFs
Mutual funds based in Bulgaria with a focus of investing in the Bulgarian capital markets.
Alternative investment funds
VC Funds, Private Equity Funds REITs and others with a focus on Bulgaria.
Shares or bonds of public companies
Admitted to trading in Bulgaria.
Private
company
In this case, an investment of at least approximately € 3,000,000.00 is needed.
What are the requirements?
Facilitated administrative route for applicants. Clear steps and requirements.
Needed
Not needed

Investment
funds
Access to investment funds to complete the investment.

Source of
funds
Proof of source of the investment funds (e.g., sales of other investments, sale of business, inherited wealth, etc) is required.

Bulgarian
Visa
Prior to applying for a Permanent Residence Permit in Bulgaria, applicants must obtain a visa at a Bulgarian Consulate abroad. The visa application may be lodged depending on the applicant’s current citizenship and residence.

Clear criminal
record
Police check reports from the countries of residence and origin (if different).

Holding
period
Under the Fast Track, the applicant must maintain the qualifying investment for two years past naturalisation.

Application
documents
All documents must be properly legalised (or apostilled) and translated into Bulgarian by a licensed translator.

No need to spend time in Bulgaria
It is enough to show available accommodation.

Not required to speak Bulgarian

No additional
obligations
(such as national army service, jury duty or others)

No need for tax structuring in advance of becoming a citizen

No need to renounce existing citizenship
