Latest news and updates from the citizenship by investment industry. “The Investment Immigration opportunities in Bulgaria are regulated by Bulgarian law: The Foreigners in the Republic of Bulgaria Act, the Bulgarian Citizenship Act, and the Investment Promotion Act.” The legal basis of investor naturalization in Bulgaria appears to be sound, but that does not a CIP make. Cyprus has announced it has already submitted application to join schengen and will also likely get a visa waiver to United States under Visa waiver Program (VWP). Here are some latest updates. Bulgarian Citizenship Process: Once residency status has been held for a period of 12 months, the immigrant investor can apply for Bulgarian citizenship, provided that the initial eligible investment of €512,000 has been doubled to €1,024,000. How? Bulgaria grants citizenship after 2 year of maintaining the investment with permanent resident status. Economic citizenship is essentially the same thing as citizenship by investment. The process for obtaining a Bulgarian investment passport typically takes 2 years. This guide will cover the following: Legal Basis for the Bulgarian Citizenship by Investment Program; New requirements about certificates of no criminal record How to obtain Bulgarian citizenship in 2020 The investor first obtains a permanent residence status in exchange for an investment of BGN 1 million or about €512,000. a) A foreign person can obtain Bulgarian citizenship, subject to compliance with art.12, par.1, p.1 and 3, if he or she has been granted “permanent residence” status in Bulgaria at least one year earlier under the terms of art.25, par.1, p.6 or 7 of the “Law for the Foreigners in Bulgaria” (these are the investment … Different Countries are offering Citizenship through Investment program which allows an applicant to gain the citizenship of country by investing in form of Donation or Real Estate Investment specific amount which help in forwarding country economic, infrastructural and development initiatives. Our representative about the Bulgarian Citizenship by Investment program during the International Expo at the Hyatt Regency in Kiev 2016. 98 foreigners granted Bulgarian citizenship for investments The draft may change significantly before it is finally law, or may indeed be rejected, leaving the law as is. Obtain Bulgarian Passport. The Bulgarian citizenship by investment program is a two-stage procedure: The first stage is a permanent residency card application, subject to an investment of minimum 512,000 euros. Since it’s really a hybrid program, not many people linger in the permanent resident stage. The main proposed amendment, which is basically the most important for all future candidates for fast-track Bulgarian citizenship by investment, is the proposal to cancel Art. April 26, 2020. The second stage is the citizenship application. Hold a second additional investment for a period of two years. If the investor doubles the investment in Year 2, he/ she will qualify under the fast track Bulgarian citizenship program and may obtain Bulgarian citizenship and passport within 18 months of making the first investment. Latest news. Bulgaria Citizenship by Investment Updated on Friday 22nd May 2020 . It’s a way to obtain a second citizenship and passport in another country by investing in its economy. Published by immigration4ever on November 2, 2020. To start with, you can read more about the current conditions of the investment citizenship program at the website of Bulgarian-citizenship.org. The Bulgarian Citizenship by Investment Program offers straightforward routes to acquiring European Citizenship for the entire family with freedoms to live, work and study in any of the 28 EU member states. Kimpton Kawana Bay Launches Sales of the Last Units in the Final Phase The money can be invested in one or more options at the same time. The Bulgarian citizenship by investment program is a two-staged process. On Friday, 22 March 2019, the Bulgarian Government published a draft Bill with proposed changes relating to Bulgarian citizenship by investment (CBI). No language test for residence or citizenship. The biggest draw of the Bulgarian residence-to-citizenship investment program is that it is the fastest way to obtain a European citizenship besides citizenship by investment. The investment is fully guaranteed by the government bonds. Full citizenship vs residence permit (aka “golden visa”) Please find answers for some of the important questions below provided by the Bulgarian lawyer we work with. Bulgarian Citizenship by Investment 2019. Golden Visas gives immigrant investors access to some of Europe’s best investment citizenship programmes, including the Bulgarian, Cypriot and Moldovan investment passports. The Bulgarian Residency Program was introduced in 2009. Bulgaria has EU passport by investment scheme but the prices for fast track citizenship requires EUR 300,000 (financing option for EUR 1 million) in Bulgarian Government bonds. So, those are the steps you need to take to secure Bulgarian citizenship and an EU passport through Bulgaria’s investor program for residence and citizenship. Undoubtedly, the most favorable EU investment citizenship. What is happening with Bulgaria investor citizenship scheme in 2020? 14a (1), p.1 (a) of the “Law for the Bulgarian citizenship.” It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. To apply for Bulgaria citizenship through investment, you need to first achieve at least one year residency in Bulgaria, then deposit the minimum of BGN 1 million (€512,000) into the Bulgaria government bond program for a period of 5 years.However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. Financing options are available to qualified applicants. The investors must invest in bonds, obtain a PR, and keep the investment for a while. The Bulgarian CBI Program is an attractive opportunity for foreign investors and wealthy individuals to enjoy visa-free access or visa-on-arrival access to 157 countries and territories, Bulgarian citizenship for … Free movement within the Schengen countries after Bulgaria becomes a … February 16, 2020. 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