Get a Bulgarian citizenship by investment is an opportunity to live, work, study and do business in a developed state of the European Union. Since January 1, 2007, the country has been a full member of the EU with a gradually growing economy and the lowest taxation among the members of the association. According to international standards, Bulgaria is considered a financially and politically secure state, which for many years has been holding the lead as the most demanded destination for immigration.
Bulgarian citizenship by investment
The updated citizenship program includes 6 options for investing in the business and stock market in Bulgaria. Investors are offered to invest from 500,000 Bulgarian leva or about 255,000 €. The changes took effect on March 12, 2021. We will tell you everything that is known about the new conditions of the program.
The Bulgarian Citizenship by Investment Program continues its activities in 2021 and is still one of the few countries in the European Union offering citizenship on an accelerated basis.
The law provides several options depending on the type of investment and the size of the investment. The different ways of obtaining Bulgarian citizenship by investment are described in detail not only in the current legislation but also in many articles published on the Internet, most of which blindly copy the law.
Bulgarian citizenship through various types of investments
After March 12, 2021, the following new features are available:
- Shares or bonds of Bulgarian commercial companies traded on a regulated market or multilateral trading system in the Republic of Bulgaria at a market value of at least 2,000,000 leva.
This appears to be the option that future investors will enjoy the most, as it comes closest to the already canceled most popular government securities option. Our office is experienced and can help all potential investors who decide to obtain citizenship through the above investments.
- Shares or shares with a value of at least BGN 1,000,000 in collective investment schemes originating from the Republic of Bulgaria.
- Shares or shares with a value of at least BGN 1,000,000 in alternative investment funds established in the Republic of Bulgaria.
- Investment in the capital of a Bulgarian commercial company for at least BGN 2,000,000 for a priority investment project in Bulgaria implemented by the company.
Pros and Cons living in Bulgaria
In addition to high-quality free education, medical care and government support in the form of state and regional social payments, health benefits, grants, and scholarships, residents and citizens of Bulgaria receive a list of privileges. Several aspects in the country require government attention and optimization to ensure even greater living comfort.
No visa restrictions
Residence permit and permanent residence cards allow the holder to travel across the territory of the European Union without a visa. In turn, having a Bulgarian passport opens the borders of more than 170 countries of the world, including Canada and the Caribbean.
Official employment in Europe
The statuses of a resident and a citizen of the Republic of Bulgaria grant the right to work in any state that is part of the European Union, without obtaining work visas and additional permits.
Business development in the European market
The possibility of registering and conducting entrepreneurial activities in a single market is envisaged. According to the agreements signed between the EU states, the movement of goods and capital through the territory of the union is carried out without double taxation.
The large influx of tourists
The tourism sector in Bulgaria is well developed – it accounts for almost 22% of the total GDP of the state. More than 9 million tourists from Greece, Romania, Turkey, the Russian Federation, Ukraine, and the UK visit the country every year.
Average salary
As of 2020, the average monthly wage per capita is 656 EUR, while the minimum is 312 EUR. In the northwest of the European Union, the income of the population is higher, but the cost of the consumer basket also increases accordingly. Meanwhile, every citizen of Bulgaria can easily go to work in any of these countries.
Delayed entry into Schengen
Joining the Schengen area is a key priority of the country’s government, the implementation of which is planned by the end of 2020. However, at present, the issue of accepting the state into the Schengen structure is still under consideration.
