Sofia, Bulgaria
London, United Kingdom
Bulgaria’s Aliens in the Republic of Bulgaria Act underwent major reforms in March 2021, reshaping the country’s investment migration options. Now, with the adoption of new regulations, the Bulgarian investor visa program is set to become more transparent and efficient—particularly for applicants seeking permanent residence through investment.
The new regulations define a clear “pre-clearance” process, administered by the Bulgarian Investment Agency (BIA), allowing investors to move forward with greater confidence and shorter timelines. For international entrepreneurs and high-net-worth individuals, this is an important step that strengthens Bulgaria’s position as an attractive EU investment destination.
What the New Pre-Clearance Process Means for Investors
Anyone applying for permanent residence under Section 25(1), item 6 of the Act through the Bulgarian investor visa program must now obtain pre-clearance from the BIA. This involves submitting the following in original or notarised copy, translated into Bulgarian if required:
Certified passport copy – Details page.
Bank reference – For a BGN/EUR account in your name with sufficient funds to meet the required investment threshold.
Source of funds declaration – In BIA’s approved format, personally signed.
PEP declaration – In BIA’s approved format, personally signed.
Professional and investment background documents – Optional but beneficial.
Criminal record certificate – From your country of origin or permanent residence.
Power of attorney – If applying through a legal representative.
By standardising these steps, the Bulgarian investor visa program ensures a smoother, more predictable application process while continuing to uphold robust compliance standards.
Investment Options Under the Bulgarian Investor Visa Program
Investors can qualify for Bulgarian permanent residence—and later, potentially citizenship—by choosing from a range of eligible investments, including:
Shares in publicly listed Bulgarian companies
Units in UCITS (mutual funds and ETFs)
Participation in Alternative Investment Funds (AIFs) such as venture capital, private equity, hedge funds, or family offices
The minimum investment amount is EUR 513,000, making Bulgaria one of the most competitive EU destinations for investor visas.
Why Choose Bulgaria?
With its strategic location, EU membership, attractive tax rates, and growing economy, Bulgaria offers more than just a residence permit—it offers access to a dynamic business and lifestyle hub. The Bulgarian investor visa program is particularly appealing to those looking for long-term growth opportunities, a stable European base, and a straightforward path to permanent residence.
At Citizenship Insight, our immigration and investment specialists guide you through every stage—from selecting the right investment to ensuring compliance with all requirements.
For further details or personalised guidance, contact us at or via our contact form.