Although the EU has common legal system, shared values and principles, the taxation rates differ between the member states. As Bulgarian citizen, you and your children will also have full access to the best schools and universities in all member states. You can contact us by email for all general enquiries. The Bulgarian program is a two-stage procedure. You are set to start a whole new life with less stress and more time to enjoy the really important things â your and your familyâs freedom! Australia is also known as... Spain citizenship by investment is achieved by obtaining a golden Visa, it was introduced in the year 2013 to enable foreign investors and non-citizens... Are you aware as a business angel, venture capitalist, and entrepreneur that you can obtain Turkey citizenship by investment? Registration in the municipality and in the register. But is there even a place for comparison? We will also explain how the program works and how you can benefit today from an unique life changing opportunity. Acquiring Bulgarian Citizenship through Investment – the “Law for the Foreigners in Bulgaria” and the “Law for the Bulgarian Citizenship”. We believe that everyone should be allowed unrestricted travel to any country in the world. Usually, the western countries, which in general enjoy the best travel privileges worldwide, require a lengthy legal residency period (usually 10+ years), comprehensive language and history exams, etc. Provide marriage certificate if applicable. Read more. Bulgarian Citizenship by Investment The Bulgarian Citizenship Investor 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 … They’ve well-trained specialized, doctors and nurses in their health centres. The Republic of Bulgaria is one of several EU Member States which offer residence by investment (RBI) and citizenship by investment (CBI) Such an investment is much more secure than bank deposit (bank account). Qualifying period. Bulgaria, as relatively small country, although having large network of consular and diplomatic missions, is obviously not represented in every country around the globe. This is probably the reason why many unregistered and not licensed agents are advising liquidating the investment right after the citizenship has been acquired. So, they’ve lot of great agricultural produce you’d defiantly love. Especially, if you are financially independent person with sustainable and successful career or business model, you simply canât afford your travel privileges to be restricted. After 5 years, you get your capital … Nothing like investment in real estate (as in Cyprus for example) with 20 to 40% spread between buy and sell prices and 19% VAT. Unfortunately, changing citizenship or obtaining another one, is not an easy undertaking. Bulgarian citizenship by investment is available for you through a secure investment of 512,000 euro into government bonds. Consequently, a citizenship decree is being issued by the vice president through the office of the President of the Republic of Bulgaria. If you’ve any further question in regards to this topic, please do let me know via comment section. It may take time, but these condition will be certainly tightened. The ever-growing economy is constantly searching for new successful investors with a proven track record in achieving We strongly advocate against practices, where the client is guaranteed successful outcome from the beginning without any preliminary due diligence and feasibility assessment. There are many non-EU citizens who opt for the Bulgarian fast-track citizenship program, for completely different reason (other than freedom of movement, etc.) Speak to Global Mobility experts. But free stuff doesn’t last for long. Your dependants, their dependants and so on, they are all considered to be Bulgarian citizens as well (see Citizenship by Origin). Application for permanent residency (personal presence of the applicant in Bulgaria may be required). No more worries in these cases â the citizens of Bulgaria have the option to chose any other diplomatic EU mission (i.e. â namely, to obtain the legal right to invest in real estate properties that are only available to EU citizens. It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. What are the requirements and what choice has the applicant in terms of the required investment. Effecting the second investment tranche by the client in order that the total invested amount to reach 1 024 000 EUR. Before migrating to Canada, it... How to Apply for Canadian Green Card Lottery, How to Obtain Tourist Russia Voucher for Visa Collection, How to Write Invitation Letter for Business Visa, ETH Zurich – Swiss Federal Institute of Technology, Latest Hotel Jobs in Australia for Foreigners and Citizens, How to get Australian Citizenship by Investment, How to Get Spain Citizenship by Investment the Right Way, How to Get Turkey Citizenship by Investment. In Bulgaria, you can obtain residency between 6-9 months. But can they even compare to a full EU passport and Bulgarian citizenship? This option provides the opportunity to invest in virtually any financial instruments â worldwide (the Bulgarian bank only acts as custodian). However, the Bulgarian government urges everyone to pay for health insurance. But it is true â being Bulgarian citizen, you can live in Paris, Rome, Berlin, Zurich or Geneva â anywhere you wish. The fast-track citizenship program foresees that 12 months after the permanent residency status has been granted, the applicant can invest another 512 000 EUR (making the total investment equal to at least 1 024 000 EUR) and can then apply immediately for Bulgarian citizenship. For the sake of accuracy, when determining which country provides visa-free access for certain nationals, it needs to be taken into account the different visa regimes in existence, such as "visa on arrival", "free transit visa for extended period", "electronic visa waiver", "e-visa", etc. Bulgaria: The latest Bill(s) and legal amendments of the Bulgarian Citizenship by Investment program. EU citizens have access to the social security and medical system in all member states, depending on their choice of residency. Rather than increasing the investment to 1 024 000 EUR after one year, as with the standard fast-track option, the applicant can opt not to make any additional investment tranches in which case he will be able to apply for and obtain Bulgarian citizenship after a period of 5 years. It is worth noting that permanent residency is the highest grade residency status in Bulgaria and it provides many rights and privileges to its holder. At the end of this content, reader should be able to understand how to get Australian citizenship by investment. Bulgarian retains its CIP - latest 2019 news (VIDEO), Bulgarian citizenship for residents of Hong Kong, Special time limited offer 2020 - OFFER EXPIRED, Citizenship application â denied or delayed. Portugal is located in the Southwestern part of Europe.... Have you tried to consider the best countries for immigrants that have different government benefits to satisfy the citizens and also expatriates? in order to accept citizenship applications. If you have accumulated certain wealth, you canât accept any constraints to be imposed on you and your family as to in which country you will spend your life or retire. EU citizenship grants the permission to live, work or study in any country of the European Union. 1 investment of ~€ 500,000.00. The “Law for the Foreigners in Bulgaria� Become a full EU citizen through Bulgarian Fast track program Official EU citizenship by investment program Live, work, study, settle in any EU member states (Germany, Switzerland, France, Denmark etc..) Permanent lifetime citizenship in the European Union. This is probably the reason why many unregistered and not licensed agents are advising liquidating the investment … Alongside the unlimited living and working rights within the EU, being Bulgarian citizen allows travelling to almost any country worldwide visa-free. There are no language skill requirements, no donations, and no minimum stay requirements. While no two cases are the same, below is the average processing time, showing the different (main) stages. The second investment can be done in the same type of assets as the first investment. | XML SITEMAP |, Bulgarian fast-track citizenship vs other countries investment citizenship programs, Bulgarian citizenship by investment (fast-track). You can double your investment to get your passport within 2 years. Germany, France, etc.) Obtaining investment certificate. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. Bulgarian Citizenship by Investment Program continues its operation in 2020 and is still among the few in European Union offering fast track-citizenship. You can also read the word of caution section for additional information. 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. Most of these... Every year, there are housekeeping jobs in Canada for different people to enroll. There is no upper limit for the Eurobonds though. The process for obtaining a Bulgarian investment passport typically takes 2 years. Eligible for citizenship after 5 years (fast-track option is available). This country has been ranked as the 3rd best country in the world based on the best colleges in Australia. Guaranteed investment in government bonds and available financing options. 3. ID card is sufficient to cross any order via the express "EU only" gates (available at all EU airports). For example, there are more and more US citizens that apply for the semi-fast-track option and obtain full Bulgarian citizenship at a later stage. Depending on the country, the investment amount can vary from just over $100,000 (St Lucia and Dominica) to over $2.5 million (formerly in Cyprus), plus applicable processing and due diligence fees. Read more. Visa application . The Bulgarian citizenship by investment program offers affluent persons of impeccable standing to receive Bulgarian (EU) citizenship on the basis of an investment in Bulgaria. Once you submit your paperwork and establish a permanent residence in Bulgaria, you make your investment and you wait two to five years until you earn your citizenship. China: Our participation at the "Emigration & Luxury Property" EXPO in Shanghai on 22-23 March 2018. Additionally, the applicant has the option to diversify their investment … Bulgarian citizenship is a life saver. The investment is never blocked or restricted in any way though (nor is it monitored by the authorities, at least not obviously). Our lawyers are lodging formal citizenship application with the Ministry of Justice. Bulgaria has an investor citizenship program which came into force in 2009, for foreign investors who invest significant amount of money in the economy of Bulgaria. Free movement within the Schengen countries after Bulgaria becomes a … In return a permanent residence permit issued and the person can live in Bulgaria for an indefinite period of time. Obtaining permanent residency permission and Bulgarian ID card. Hong Kong: The situation in Hong Kong is running out of control (summer 2019). Source of funds is of extreme importance for example, but stating simply "personal savings" doesnât do the job in Europe anymore. Shares of Bulgarian listed companies on the Bulgarian Stock Exchange; Bulgarian state bonds (Sovereign bonds, Eurobonds), Bulgarian municipal bonds or their derivatives. In order for the application to be approved, the candidate should pass comprehensive language test, cancel (not always possible) his existing citizenship(s) and go through a number of other procedures before his application will be eventually approved. We will never ask you to transfer it to any third party. No language test for residence or citizenship. No other national, of any other country in the world, has the freedom to reside, work, study, retire, just name it, in more than 30 countries - all EU members states plus other European countries, such as Switzerland and Norway, who have also signed agreements with the EU for free movement of their citizens. So it’s a good destination for tourism. By the Bulgarian citizenship law, in case of investment in Bulgarian shares or bonds, the positions should be held for at least 2 years after the citizenship decree has been signed. In accordance with the Bulgarian Citizenship Act, foreign investors who hold a permanent resident permit for at least five years are eligible to apply for Bulgarian citizenship. Investment in government bonds €1,022,000 — a minimum investment (paid in two installments, per €511,000 each, with a 1 year interval) It is worth stating that the fast-track citizenship program doesnât require the candidate to pass any language, history or other tests, nor to surrender his existent citizenship(s). Numerous low GPA colleges are ready to accept students with low GPA scores. To qualify for the Bulgaria Citizenship by Investment Program investors are required to make direct investments of least €512,000 in one or more of the following investment choices: shares of Bulgarian companies, Bulgarian State Bonds, fiduciary investment or intellectual properties. They’ve well-developed transportation system including air, railways, roads, and waterways. You will find further down below the detailed timeline of the program so you can calculate for yourself when you can expect to become EU citizen if you start right now. As a Bulgaria permanent residency or citizen, you get to move freely within the Schengen areas or EU without any form of restriction. Here is where our assistance proves to be invaluable. Who Else Wants Portuguese Citizenship and Nationality? It may, technically, not be right to call it a citizenship by investment program. We, as your consultant and legal advisor in the process of obtaining Bulgarian citizenship, will need to verify the legal feasibility of your application first. Read how to get it by yourself. Some clients from certain countries (with favorable visa-free travel possibilities) are often utilizing the semi-fast-track citizenship option in order to relocate to Bulgaria or to obtain much more favorable tax status than in their own country. Vietnam: Our participation at the "2018 Fall EB-5 Expo" in Ho Chi Minh, Vietnam. It is your ultimate protection and if you are ever been asked or offered to invest by transferring the investment amount to someone else, we urge you to immediately seek legal advice. The investor is not required to live and work in Bulgaria, or to be fluent in Bulgaria. The first step for a foreign national who is interested in obtaining Bulgarian citizenship by investment is to apply for a permanent residence permit based on the chosen type of investment. As legal conformity is our top priority, we strongly advocate against such practices and warn that the investment should be held as explained above. Bulgarian citizens are currently ranked number 10 in the world by most current statistical data, based on number of countries that provide visa-free entry to Bulgarian nationals. Did you know that for example, as Bulgarian citizen, you can live without any restrictions or formalities in Martinique in the Caribbean? BULGARIA CITIZENSHIP BY INVESTMENT. It also details the eligibility criteria and also other necessary document required to complete the process of citizenship in Bulgarian through investment. The visa reciprocity is a legal mechanism aiming to achieve completely visa free travel for citizens of all (EU) Member States to every non EU country whose citizens can travel visa-free to the EU. No requirement to reside in Bulgaria. Lastly, the investment in trust account with Bulgarian bank is suited for investors who want to diversify their portfolio internationally. At the moment, Bulgarian passport holders enjoy visa-free travel to about 150 countries1. 20 Best Countries for Immigrants to Try Right Now, Document Requirements to quickly get a USA Visitor Visa, How to Obtain Finland Student Visa in just few steps, Beginners Guide: How to Completely Migrate to Australia, 10+ Tuition Free Universities in USA for International Students, Updated List on Cheapest Universities in Europe 2020/2021, Low GPA Colleges: 100+ List of Colleges that Accept Low GPA, 10+ Tuition Free Universities in Australia to Consider for 2021, University of the Fraser Valley – Ranking and Acceptance Rate, Apply for High Paying Caregiver Jobs in Canada, High Paying Environmental & Hydrology Jobs in New Zealand, Apply for High Paying Housekeeping Jobs in Canada, Apply for High Paying Jobs in Denmark for English Speakers, Study and Work in Canada: Everything You Need to Know. 1, p. 6 and p. 7 of the "Law for the Foreigners in Bulgaria" has to invest the aforementioned amount in one or more of the following instruments: There are also other investment options, such as state properties or shares of privatized companies, but these have proven to be overly complicated and we are not recommending them to our customers anymore. The answer to whether Bulgaria has a CIP is that it depends on how we define a CIP. You also gain access to high quality healthcare services. 25 (1) of the Foreigners of the Republic of Bulgaria Act “Permit for permanent residence may be obtained by the foreigners who: have invested over BGN 1 000 000 or increased their investment by this amount by acquisition of: (b) bonds and treasury bills, as well as derivative instruments issued by the State or municipalities, with a residual ter… Preliminary due diligence. Student credit facilities are also being provided to EU citizens at preferential conditions. Bulgarian is an urbanized place with lot of commercial activities going on. As an additional advantage, many types of profits are completely free of tax in Bulgaria, i.e. You can live, study and work anywhere Within EU and Bulgaria without permits or restrictions. You must be 18 and above to participate for this program, You must have maintained permanent residence status for a period of at least 5years, A passport or other travel documents is required, A passport styled photograph is also required. profits from shares, bond coupons, investment funds, etc. One of the major innovations established by the Treaty of Maastricht on European Union is the creation of European citizenship over and above national citizenship. In other words, the law foresees that the citizenship can be obtained in only 12 months from start to end. Another advantage of holding EU citizenship and in particular Bulgarian one is the diplomatic protection that the EU is providing to all of its citizens worldwide. These are in general either exclusive properties with extremely high investment potential (including land plots) or historical (heritage) properties. Initially, the citizenship candidate has to invest one million Bulgarian leva (about 512 000 EUR) in Bulgarian government bonds or Bulgarian stock-listed shares. Border checks are being simplified and transit times shortened â all because of the prestige of the EU citizenship. We are proud to confirm that we have never had a single rejection in cases where our preliminary due diligence conditions have been successfully met. Bulgaria, as full EU member, makes no exception of this rule for its standard citizenship procedures. So, you have decided to go ahead and change your citizenship status. to protect their interests while abroad. The investment is fully refundable. A provision in the Bulgarian citizenship law exists that allows the applicant to effect only the initial investment of 512 000 EUR and to obtain immediately permanent residency status, as explained above. It also doesnât require actual stay (residency term) in Bulgaria in order for the citizenship to be granted. the right to circulate and reside freely in the Community; the right to vote and to stand as a candidate for European and municipal elections in the State in which he or she resides; the right to protection by the diplomatic or consular authorities of a Member State other than the citizens Member State of origin on the territory of a third country in which the state of origin is not represented; the right to petition the European Parliament and to submit a complaint to the Ombudsman. Our estimates show, that without the adequate initial legal support and advice, more than 85% of all applications would have been rejected by the state straight away. Please note however that there is no clearly defined and predictable path to citizenship through the Bulgarian “programme”. After 5 years, you get your capital back. Who Else Needs High-Paying Plumbing Jobs in Canada? Application for permanent residency for the main applicantâs family members (if applicable). You have entered an incorrect email address! Obtaining investor visa "type D" (legally required). Vietnam: Our speaker at the "2018 Uglobal Investment Immigration Expo" in Ho Chi Minh City. A: The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 512,000 for European citizenship and passport after five years in residency status. New applications are welcomed and decrees are issued regardless of widespread rumours that the program will stop. People with criminal background, unclear (suspicious) source of funding or any other irregularities will be rejected by the Bulgarian government and will not be able to obtain citizenship. The reason for this increase is the high level of growth... Sweden is one of the favorite countries with a sound educational system to accommodate international students searching for better education. The country is becoming a home for diverse universities and this has made several students come into the country to enroll for either an... University of the Fraser Valley formerly known as Fraser Valley College is amongst the top public universities in Canada. We strongly recommend you reading the Bulgarian fast-track citizenship vs other countries investment citizenship programs to find out why the Bulgarian citizenship simply stands out and has no alternatives, neither within the EU nor worldwide. There are lot of benefits of living in Bulgaria and I’ll highlight a few of them. But first things first â the preliminary due diligence. The requirements for those who opt for the regular program are as follows: 1. While we firmly believe that the ultimate goal for everyone should be the full EU citizenship status, there are some cases when the applicant is content with Bulgarian permanent residency. Either way, there is a very good reason why the EU is restricting the sale of these estates to non-citizens. Bulgaria has one of the best healthcare services in the globe. There have been some modifications... Do you know the number of plumbing jobs in Canada has increased geometrically? And the list expands constantly, mainly because of the EU common visa reciprocity policy2. Unfortunately, this is definitely not the case. Bulgarian Citizenship by Investment – updates 2020 Amendments to the existing “Law for the Bulgarian citizenship”. Agriculture is another factor that defines Bulgaria. However, it’s a cultural melting pot with Greek, Slavic, Ottoman, and Persian influences; it has a rich heritage of traditional dance, music, costumes, and crafts. For all general enquiries the less fortunate countries suffer from discrimination and their rights. Or study in any country worldwide visa-free gates ( available at all EU )... 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