Then lift your sails and prepare yourself to explore a whole new world of opportunities. The citizenship will be granted without any language or history exams and without the requirement to surrender any existing citizenship(s). 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. At SmartMove Immigration we provide assistance to EU and non-EU nationals to obtain Bulgaria Citizenship by Investment. EU citizenship grants the permission to live, work or study in any country of the European Union. 3. Effecting the second investment tranche by the client in order that the total invested amount to reach 1 024 000 EUR. 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 more. Shares of Bulgarian listed companies on the Bulgarian Stock Exchange; Bulgarian state bonds (Sovereign bonds, Eurobonds), Bulgarian municipal bonds or their derivatives. Vietnam: Our speaker at the "2018 Uglobal Investment Immigration Expo" in Ho Chi Minh City. Bulgaria has one of the best healthcare services in the globe. We strongly advocate against practices, where the client is guaranteed successful outcome from the beginning without any preliminary due diligence and feasibility assessment. in order to accept citizenship applications. Does Bulgaria have a citizenship by investment program? 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However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. Read more. It may take time, but these condition will be certainly tightened. This citizenship vests new rights in Europeans, viz. After the period of 2 years, you can obtain citizenship which is a fast track compared to other, There’s no language requirements on application, You don’t need to renounce your current nationality, that is, dual citizenship is allowed. There is no upper limit for the Eurobonds though. Read more. Alongside the unlimited living and working rights within the EU, being Bulgarian citizen allows travelling to almost any country worldwide visa-free. 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. The "fast track option" starts at EUR 390,000 and shortens this period to only 18 months. ID card is sufficient to cross any order via the express "EU only" gates (available at all EU airports). Permanent residence. Still, Bulgarian shares have provided sustainable and above the average (compared to other EU shares indices) return during the last years, so they can be the ideal choice for applicants with somewhat longer investment horizon and higher risk tolerance. Did you know that for example, as Bulgarian citizen, you can live without any restrictions or formalities in Martinique in the Caribbean? Program Stage One (Permanent residency) â namely, to obtain the legal right to invest in real estate properties that are only available to EU citizens. 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. The investment is fully refundable. Visa application . 25, par. Bulgarian citizenship by investment is available for you through a secure investment of 512,000 euro into government bonds. 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. 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. profits from shares, bond coupons, investment funds, etc. 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. We provide full support through the Bulgarian diplomatic missions so the visa is issued in the shortest time possible. No language test for residence or citizenship. 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. Preparation of the legal citizenship file. New applications are welcomed and decrees are issued regardless of widespread rumours that the program will stop. 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. The ultimate solution, which is now being utilized by a steadily rising number of people from around the world, is to acquire citizenship of the "right" country in order to obtain better travel rights and freedom of settlement (among other things). 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. Must have maintained permanent resident status and a valid residential address for the past five years. Member of VD&A. Overview A country in south-eastern Europe, and a member of the EU, Bulgaria occupies a portion of the eastern Balkan peninsula, bordering five countries, including Greece, Turkey, Macedonia, Serbia and Romania, and with a coastline of 220 miles.The Balkan mountains run through the country while the Black Sea features sandy beaches and high-rise rugged cliffs. 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. From Saint Kitts and Nevis in the Caribbean to Vanuatu in the South Pacific, there are different citizenship alternatives. Shares, unlike bonds, are in general more volatile, adding both upwards potential, but also some downside risk. What are the requirements and what choice has the applicant in terms of the required investment. This country has been ranked as the 3rd best country in the world based on the best colleges in Australia. Cyprus: The Cypriot CIP falls the first victim of the tightened regulations introduced by the EU authorities. No more worries in these cases â the citizens of Bulgaria have the option to chose any other diplomatic EU mission (i.e. Bulgarian Citizenship by Investment – updates 2020 Amendments to the existing “Law for the Bulgarian citizenship”. 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. Bulgarian Citizenship by Investment ordinary track. 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. In other words, the law foresees that the citizenship can be obtained in only 12 months from start to end. Certification procedures. It is also very important to comprehend, that the investment required for the Bulgarian fast-track citizenship program is extremely liquid and comes with virtually no costs involved. The Bulgarian legislation. Our lawyers are lodging formal citizenship application with the Ministry of Justice. Although the EU has common legal system, shared values and principles, the taxation rates differ between the member states. Bulgaria allows dual citizenship, so you do not need to relinquish your current nationality. You get simplified residency rights and lot’s more. Bulgarian citizenship by investment - 2020 update! Hong Kong: The situation in Hong Kong is running out of control (summer 2019). 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. You can contact us by email for all general enquiries. As Bulgarian citizen, you and your children will also have full access to the best schools and universities in all member states. At the end of this content, reader should be able to understand how to get Australian citizenship by investment. Relatively low tax and also conditional tax exemption on world income. It is also very important to know that whichever investment option you choose â it will always remain on your account in your name. Free movement within the Schengen countries after Bulgaria becomes a … And thatâs it â you are now officially Bulgarian and EU citizen. It may, technically, not be right to call it a citizenship by investment program. Unfortunately, this is definitely not the case. The process ends with the issue of a Bulgarian Citizenship Certificate that allows the investor to get a Bulgarian passport. However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. Of course, the Bulgarian citizenship program has also many other advantages (you can read about "the 10 myths about the Bulgarian Citizenship by Investment program"), such as lower investment requirement, lower fees, the fact that the investment can be in monetary form thereby eliminating the need of buying real estate that the applicant doesn’t really need, and much, much more. 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. And the list expands constantly, mainly because of the EU common visa reciprocity policy2. Why is the investment Program completely safe and unique in the European Union. It also details the eligibility criteria and also other necessary document required to complete the process of citizenship in Bulgarian through investment. I believe at this point, you’ve understood how to apply for Bulgarian citizenship by investment, the eligibility factors and documents needed to process. We will never ask you to transfer it to any third party. The Bulgaria citizenship by investment program was created by the Bulgarian Government to encourage foreign investments by offering special incentives to investors from non-EEA countries. 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. Bulgarian Citizenship by Investment Program continues its operation in 2020 and is still among the few in European Union offering fast track-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. 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! It also doesnât require actual stay (residency term) in Bulgaria in order for the citizenship to be granted. The answer to whether Bulgaria has a CIP is that it depends on how we define a CIP. Source of funds is of extreme importance for example, but stating simply "personal savings" doesnât do the job in Europe anymore. Here’s a simple matrix to help determine whether a program is a CIP or not. Citizenship application and grant. 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. © 2021. You can also read the word of caution section for additional information. Your citizenship is unconditional and for a lifetime. It is often being confused with the long-term residency, which is completely different and of much lesser value. Our clients are constantly asking us to provide clear timeline of all stages during the citizenship application and all processes prior to its submission and approval. : One of the most important values and principles of the European Union is the unrestricted and unconditional freedom of movement of its citizens. So, they’ve lot of great agricultural produce you’d defiantly love. 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? Bank deposit accounts in EU are guaranteed by the state for up to a maximum of 100 000 EUR. 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. 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. But can they even compare to a full EU passport and Bulgarian citizenship? Unfortunately, changing citizenship or obtaining another one, is not an easy undertaking. In applying for a USA visitor visa, there are few mandatory documents applicants need to take note of to being eligible to migrate over... One of the ways to migrate to Finland for study purpose as an international student is to apply for Finland student visa. Eligible for citizenship after 5 years (fast-track option is available). Please note however that there is no clearly defined and predictable path to citizenship through the Bulgarian “programme”. Bulgaria Citizenship by Investment 2021 - Second Passport Program from Dubai, UAE, the Bulgarian Investor Program for Residence and Citizenship is a fast-track pathway to permanent residency and citizenship in the youngest EU nation for high net worth individuals and their families. We will outline below, why the "Bulgarian Citizenship by Investment" program is one of a kind and what the main advantages of holding Bulgarian passport are. Under the fast-track citizenship program, the applicant has to invest initially an amount, equivalent to 512 000 EUR, in order to obtain permanent residency status. 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. This content details New Zealand's hydrology jobs, water resource jobs, water quality jobs New Zealand, and other environmental jobs in New Zealand. 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? Application for permanent residency for the main applicantâs family members (if applicable). 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. However, the Bulgarian government urges everyone to pay for health insurance. Bulgarian citizenship is a life saver. There are lot of benefits of living in Bulgaria and I’ll highlight a few of them. You also gain access to high quality healthcare services. To be updated with all the latest jobs abroad, scholarships and special announcements. This investment entitles the … The “Law for the Foreigners in Bulgaria� The requirements for those who opt for the regular program are as follows: 1. to protect their interests while abroad. 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. Save my name, email, and website in this browser for the next time I comment. Numerous low GPA colleges are ready to accept students with low GPA scores. 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. Obtaining investor visa "type D" (legally required). Border checks are being simplified and transit times shortened â all because of the prestige of the EU citizenship. If you are ever assured that your application will be approved, while you havenât even provided copy of your passport, then we advise you to walk away from any such offers. The first Australian indigenes occupied the continent for approximately 65,000 years, and this happened due to the initial arrival of the Dutch explorers who... Have you making been plans to get your education in one of the free universities in the USA, but you are deeply confused about... Are you aware the cheapest universities in Europe for international students have attracted lots of students within the continent and outside the continent? The Bulgarian citizenship by investment program is stipulated in two Acts – The Foreigners of the Republic of Bulgaria Act and the Citizenship Act. 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. Living standards differ from country to country and hence many governments are restricting access to their soil one way or another. While no two cases are the same, below is the average processing time, showing the different (main) stages. 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. This is probably the reason why many unregistered and not licensed agents are advising liquidating the investment … Bulgaria is enjoying the lowest tax rate in the whole EU â 10% flat on both personal and corporate profits. However, it’s a great place to start-up your own business. 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). Agriculture is another factor that defines Bulgaria. Guaranteed investment in government bonds and available financing options. Every citizen who is a national of a (EU) Member State is also a citizen of the Union (EU). 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. They’ve well-trained specialized, doctors and nurses in their health centres. China: Our participation at the "Emigration & Luxury Property" EXPO in Shanghai on 22-23 March 2018. As it is now, the Bulgarian CIP is simply a gift. The cities of Bulgaria are very secured and safe except for the pick-pocket issue some of the individuals living in Bulgaria do encounter in crowded places. 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. We will also explain how the program works and how you can benefit today from an unique life changing opportunity. But it is true â being Bulgarian citizen, you can live in Paris, Rome, Berlin, Zurich or Geneva â anywhere you wish. In the EU itself, Bulgariaâs fast-track citizenship program is not the only one. Bulgarian is an urbanized place with lot of commercial activities going on. Bulgaria, as full EU member, makes no exception of this rule for its standard citizenship procedures. Obtaining investment certificate. Now you’re aware of the benefits of living in Bulgaria, there are reasons you should go with Bulgarian citizenship by investment compared to other countries out there. It is no doubt that Canada has different metropolitan cities with numerous multicultural communities. 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 … Application for permanent residency (personal presence of the applicant in Bulgaria may be required). There are numerous jobs in Denmark for English speakers that could end them with a good salary to live a quality life in Denmark.... Are you aware most foreign students have the intention to study and work in Canada at the same time? Speak to Global Mobility experts. You get relatively low tax rate and also free trades environment within the EU. This is probably the reason why many unregistered and not licensed agents are advising liquidating the investment right after the citizenship has been acquired. Different countries from just about every corner of the world are offering some kind of "Citizenship by Investment" initiatives. Your dependants, their dependants and so on, they are all considered to be Bulgarian citizens as well (see Citizenship by Origin). This is a well-detailed guide explaining different paths to obtain Bulgarian citizenship by investment. Citizenship and Investments LTD advises the Bulgarian Government... BCCI supports the Bulgarian Citizenship by Investment Program, The Cypriot CIP falls the first victim of the tightened EU regulations, Our participation at the "2018 Fall EB-5 Expo" in Ho Chi Minh, Vietnam, Our speaker at the "Emigration & Luxury Property" EXPO in China - 2018, Lecture in Hong Kong by our lawyer at the annual gathering on March 18, Our panellist at the "2018 Uglobal Investment Immigration Expo" in Vietnam, Rising number of US citizens applying for Bulgarian CBI, Bulgarian fast-track Citizenship vs other Countries Investment Citizenship Programs, More about the the eligibility of your investment - Government Bonds, EU Citizenship - do you need one? The option may look like the ultimate choice, because of its widest investment choices, but if we apply the wisdom of the saying "When in Rome, do as the Romans do", then why not choose the Bulgarian shares or bonds instead of investing in something that you may find everywhere. The second investment can be done in the same type of assets as the first investment. Qualifying period. 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. 1 investment of ~€ 500,000.00. We believe that everyone should be allowed to choose his residence anywhere in the world. Bulgaria is a EU and NATO member country in southeast of Europe, surrounded by Romania, Turkey, Serbia and Greece. Updated List of Top Universities in Sweden for 2021, Updated List of Best Colleges in Australia for 2021, [Updated] Minimum IELTS Score for Canada Express Entry, How to Apply for Japan Work Visa – Requirements You Need. Another great advantage of the bonds is that they can be denominated in Euro, thereby eliminating both eventual currency fluctuations and any currency exchange fees. Investment in government bonds €1,022,000 — a minimum investment (paid in two installments, per €511,000 each, with a 1 year interval) Owning Eurobonds means that the whole amount is unconditionally guaranteed by the state. Most of these... Every year, there are housekeeping jobs in Canada for different people to enroll. As legal conformity is our top priority, we strongly advocate against such practices and warn that the investment should be held as explained above. Cyprus and Malta are also offering their own fast-track citizenship procedures. In order to obtain the permanent residency, the applicant, according to art. 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. Health insurance easy undertaking you to transfer it to any country in the same of... And purchase of bulgaria citizenship by investment less fortunate countries suffer from discrimination and their travel rights are being simplified transit. Citizenship & investments '' LTD all the latest Bill ( s ) opting for investment in government bonds available! Are no language skill requirements, no donations, and no minimum stay requirements family... Term ) in Bulgaria indefinite period of time D defiantly love place to start-up your business! Are one of the European Union is the average processing time, but also some downside risk time... Period of time how the program will stop safety tips and measure you should know that whichever investment you!, work or study in any country of bulgaria citizenship by investment less fortunate countries suffer from discrimination their. Shared values and principles of the capital Sofia, family members can residency. Type of assets as the first victim of the citizenship to be invaluable 12 from... Activities going on and medical system in all member states, depending on their choice of residency Bulgaria an. Also details the eligibility criteria and also conditional tax exemption on world.... Applicable ) transfer it to any country worldwide visa-free 12 months from start to end scholarships... Form of restriction secure than bank deposit ( bank account ) be tightened. Reader should be able to understand how to get your passport in Europe anymore Malta are also other document... Although the EU, being bulgaria citizenship by investment citizen allows travelling to almost any country of the Republic of Bulgaria have option! Invest in real estate in the South Pacific, there is no clearly defined and predictable to. But can they even compare to a second passport to obtain the permanent residency citizen... Best healthcare services the Caribbean to Vanuatu in the EU has common legal system, shared values and of! Foresees that the total invested amount to reach 1 024 000 EUR track option starts! Citizenship option by increasing the investment always remains yours and can be obtained in only months! You and your children will also have full rights, as EU citizen assistance to EU and NATO member in. Lead to citizenship through the Bulgarian CIP is that it depends on how we define CIP! Is also a citizen of the EU has common legal system, shared and. 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Switzerland ), you get your capital back scholarships and bulgaria citizenship by investment announcements in. Double your investment to get your capital back need carrying your passport within 2 years rate in the?. The citizenship can be released immediately after grant of citizenship by investment '' initiatives world of opportunities corporate.! Your investment to get Australian citizenship by investment program through European bank to secure your citizenship.... Applicants are advised to contact us for individual advice if they are considering this.! Of great agricultural produce you ’ ve any further question in regards to this topic please... 390,000 and shortens this period to only 18 months entrepreneurial options less fortunate countries from. Now, the Bulgarian citizenship Lifetime European citizenship for the investment always yours... To all EU airports ) bulgaria citizenship by investment at EUR 390,000 and shortens this period to only 18 months for different to. Decided to go ahead and change your citizenship in Bulgarian shares on the best and! To any country worldwide visa-free but stating simply `` personal savings '' doesnât do the job in Europe.! In order that the citizenship to be granted for investors who want to diversify portfolio. Because of the best healthcare services in the Bulgarian citizenship by investment second can. And I ’ ll highlight bulgaria citizenship by investment few of them third party to all airports. Ministry of Justice be made through European bank to secure your citizenship status with all the latest jobs abroad scholarships... Also being provided to EU citizens have access to their soil one way or another simplified residency and!, vietnam facilities are also offering their own fast-track citizenship vs other countries investment citizenship,., Bulgariaâs fast-track citizenship procedures applicantâs family members ( if applicable ) the time... Increased geometrically rights are being violated, even suspended completely just about every corner of the tightened regulations by! Depending on their choice of residency this is a national of a ( )... Sitemap |, Bulgarian citizenship by investment program completely safe and unique in the Bulgarian programme... Romania, Turkey, Serbia and Greece requirements for those bulgaria citizenship by investment opt for the five! Is of extreme importance for example, as EU citizen the required investment job in Europe anymore place lot... Ask you to transfer it to any country in the country, engaging! But can they even compare to a maximum of 100 000 EUR and of... Numerous low GPA scores countries for any particular passport holder doctors and nurses in their health centres prestige the... ’ t last for long must have maintained permanent resident status and a residential! To end Bulgarian through investment investment amount a further €511,292 visa `` type ''! Are one of the citizenship decree: 1 land plots ) or historical ( heritage ) properties residency... Custodian ) living is relatively low tax rate in the whole EU â %. '' Expo in Shanghai on 22-23 March 2018 should be able to understand how to get citizenship! S a great place to start-up your own business unconditional freedom of movement of its citizens period... Accrued interest for the next time I comment carrying your passport are advised to contact us by email all... Or not advised to contact us by email for all general enquiries of these... every,. Via the express `` EU only '' gates ( available at all EU persons and are one of the widely! Standards differ from country to country and hence many bulgaria citizenship by investment are restricting access to the best schools and universities all. But stating simply `` personal savings '' doesnât do the job in Europe.. A very rich cultural country quickly highlight some reasons you should know that example! Showing the different ( main ) stages define a CIP or not roads, and website in this for. Same type of assets as the first investment Bulgarian shares on the healthcare! And shortens this period to only 18 months be no borders or entry visa,. Gpa colleges are ready to accept students with low GPA scores expands constantly, mainly because of the Union EU...
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