Sofia, Bulgaria
London, United Kingdom
A recent amendment to the Aliens in the Republic of Bulgaria Act brings greater legal certainty to investors benefiting from the country’s permanent residence by investment route.
Under the revised text, foreign nationals who have been granted permanent residence in Bulgaria on the basis of an eligible investment may now alter or withdraw that investment after a five-year holding period, without this having any impact on their residency rights.
The new provision states:
“Following the expiry of the five-year period, foreign nationals granted the right of permanent residence in the Republic of Bulgaria may terminate or change their investment without this affecting their granted permanent residence status.”
This change aligns the legislation more closely with practical expectations and international standards, ensuring that investors are not indefinitely tied to a specific asset or structure after fulfilling the minimum required commitment.
Clarification for Current and Future Investors
The amendment provides long-awaited clarity for investors who have secured permanent residence through qualifying investment routes. It affirms that, once the five-year requirement has been met, permanent residents may restructure or divest their investment without affecting their legal status.
New Balkans Law Office welcomes this legislative clarification, which demonstrates Bulgaria’s commitment to providing a predictable and investor-friendly legal framework. We continue to assist individuals and families navigating the evolving requirements of Bulgarian immigration and investment law.