No. There is no requirement for job creation, like the US EB-5 Investment Programme.
No. There is no minimum educational requirement.
No. No previous business management experience is required.
Yes, but only for 2 times. The applicant will have to travel only to apply for his Permanent Residence Permit, and later to apply and obtain his ID card, which can be a short trip of 4 business days. The applicant can apply for citizenship at a consulate abroad.
Spouses and children of the applicant are eligible to acquire permanent residence. Though, they will not be granted citizenship at the same time as the applicant.
On the Standard Track, the applicant can acquire permanent residence after making the investment, and would hold the investment for a period of 5 years. At the end of the 5 years the applicant can apply for citizenship. On the Fast Track, the applicant can make an additional investment of 1,000,000 BGN (approximately 513,000 EUR) one year after the initial investment and he/she is immediately eligible to apply for citizenship.
A permanent resident is a foreigner who immigrated legally and has the right to live and work in another country only for a certain period of time, but he/she cannot obtain a passport, nor vote, and he/she can be deported under certain circumstances.
A citizen can obtain a passport, vote and live in the country forever.
No. Speaking Bulgarian is not required.
Any foreign citizen of legal age and with a clean criminal record who is not considered a threat to national security and can invest a minimum of 1,000,000 BGN, thus making him or her eligible to apply for Bulgarian citizenship.
As of September 2018, almost 200 people applied to obtain Bulgarian citizenship on the basis of an investment.
The investment verification usually takes 10 working days.
Yes. The investment can be financed by borrowing. However, evidence of source of funds will be required.
However, the acquired investment cannot be used as collateral by financial and credit institutions.
The different types of UCITS (mutual funds), ETFs and AIFs have different risk profiles. The asset manager of the fund will be able to provide you with more information about the risk profile of the investment.
There are a number of different qualifying investments, including but not limited to: A) UCITS (mutual funds) or ETFs, B) AIFs (VC and Private Equity funds), C) shares of a Bulgarian listed company, D) investment in a private company.
The minimum investment size is relatively low – 1,000,000 BGN (approximately 511,000 EUR).
The citizenship application is usually approved within a period of 6 months, but additional background checks and due diligence can lengthen the process a bit.
Standard application fees include visa fees (approximately 130 EUR), residence permit and ID card application fees (approximately 650 EUR), legalisation fees, etc.
There are a number of documents that have to be prepared and legalized including, but not limited to, criminal record certificate, marriage license, proof of funds, etc.
No. Applicants are not required to be in Bulgaria during the whole process. However, when applying for a permanent residence permit and ID card the investor is required to be present in Bulgaria.
The applicant must apply for a permanent residence permit and ID card in Bulgaria. If eligible, the investor can apply for citizenship in Bulgaria or at a Bulgarian consulate abroad.
The permanent residence permit is valid for the same duration as the applicant’s passport.
The validity of the visa is 6 months after the date of issue. The applicant can enter the country when he or she wishes within this 6 months.
On the Standard Track, the applicant can acquire permanent residence after making the investment, and would hold the investment for a period of 5 years. At the end of the 5 years the applicant can apply for citizenship. On the Fast Track, the applicant can make an additional investment of 1,000,000 BGN (approximately 511,000 EUR) one year after the initial investment and he/she is immediately eligible to apply for citizenship.
Depending on the track chosen the time varies. The Standard Track qualifies an applicant for naturalization after 5 years. The Fast Track qualifies an applicant for naturalization within 6 months after the first year of investing.