Bulgaria Citizenship By Investment

Bulgaria's Citizenship by Investment Programme GO TO TOP

About Bulgaria 

Bulgaria is located in south-eastern Europe with population of about 7 million and an area of about 111.000 km. Bulgaria became a member of the European Union in 2007. Bulgaria is multicultural orthodox nation and the official language is Bulgarian, but English is widely spoken, especially in the big cities. The Capital is Sofia, with estimated population of 2 million.

Bulgaria applies one of the lowest corporate and personal income tax regimes in the European Union. Bulgaria has long been a highly sought after tourist destination for families and adventure seekers looking for a country that has it all – beautiful scenery, ancient architecture, delicious cuisine, and a friendly population. 

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The Programme GO TO TOP

Bulgaria's Citizenship by Investment Program

It is the case that Bulgaria does not actually have a citizenship by investment programme, but rather an accelerated route to citizenship through naturalisation. The Investor Programme for Residency and Citizenship in Bulgaria (also known as the Immigrant Investor programs), was introduced in 2009 by amendments to the Bulgarian Citizenship Act, Foreigners in the Republic of Bulgaria Act, and implementing government regulations. 

In early 2013, the Bulgarian government voted to amend the nation's Investor Programme for Residency and Citizenship (IPRC) in order to make the programme more attractive to potential foreign investors. The amendments include a waiver of the Bulgarian language requirements and a waiver of the renunciation of the investor's former nationality requirement. 
Another important amendment is that the investor is now exempt from the normal requirement that permanent residents live in Bulgaria for at least 180 days over the course of five years. 

Investment Options GO TO TOP

Bulgarian Citizenship for Foreign Investors

To qualify for Bulgarian citizenship by the fast-route programme, the investor must be over 18 years old, hold a clean criminal record issued by their origin country and fulfill the following requirements: 

Fast-track option

1. The first step of the naturalisation process is for the applicant to obtain permanent residence in Bulgaria by investing at least BGN 1.000.000 (€511.292) in one or more of the following investment options, held for a minimum period of between two to five years (depending on investment option): 
  • Investment in shares of Bulgarian companies traded on the Bulgarian stock exchange 
  • Investment in Bulgarian state bonds, municipal bonds as well as their derivatives 
  • Deposits in Bulgarian bank in the form of a trust account 
  • Investment in State property, shares of privatized companies, intellectual properties or patents 
2. Once the investor has acquired permanent residence status, they may apply for the fast-track option to naturalisation by fulfilling the below additional requirements: 
  • Have at least 1 year of Permanent Resident status; and 
  • Have a combined net worth greater than BGN 2.000.000 (€1.022.000), by doubling their initial investment by investing an additional €511.292 in government bonds or in the capital of a Bulgarian company

Application Process GO TO TOP

Procedure for the Bulgarian Citizenship by Investment application

We set-out below the steps of the process of applying for citizenship of Bulgaria via the fast-track route for naturalisation:
  1. Review and selection of qualifying initial investment 
  2. Investment of 512.000 in the chosen investment option 
  3. Preparation and submission of permanent residence status applications (1-3 months processing time)
  4. Issuance of Permanent Residence Permit 
  5. After 12 months, increase of the investment by an additional €512.000 in the investors portfolio 
  6. Completion of all program application forms and agreements for citizenship 
  7. Submission of all required documents and forms to the Bulgarian Authorities and pay the application fee 
  8. Final approval by the Bulgarian Minister of Justice and President of the Republic of Bulgaria 
  9. Approval of application and issuance of naturalisation certificate
  10. Passports applications and issuance 
 The process to obtain the citizenship of Bulgaria is expected to take up to 24 months.

Benefits GO TO TOP

The Benefits of Bulgarian Citizenship by Investment Programme

  • Fast process to residency (six to nine months)
  • Fast-track option allowing for citizenship within two years
  • Special exemption from physical residence enforced with legislation
  • Government-approved investment and available financing options from banks
  • No language requirements for residence or citizenship
  • Dual nationality is permitted
  • Access to high quality healthcare in Bulgaria and the EU
  • Free movement within the Schengen countries after acquisition or permanent residency 
  • Right to live, work and study in Europe (after citizenship has been acquired)

Visa Free Travel GO TO TOP

Bulgarian passport holders enjoy visa-free travel to over 140 countries, as listed below. We strongly advise that the relevant Government authorities and agencies are contacted prior to travel arrangements made.

Albania Finland Madagascar Seychelles
Andorra France Malaysia Singapore
Anguilla French Guiana Maldives Slovakia
Antigua & Barbuda French Polynesia Mali Slovenia
Argentina French West Indies Malta Solomon Islands
Armenia FYROM Margarita Island Somalia
Aruba Gambia Marshall Islands Somaliland
Austria Georgia Mauritania South Korea
Bahamas Germany Mauritius Spain
Bahrain Gibraltar Mayotte St Kitts & Nevis
Bangladesh Greece Mexico St Lucia
Barbados Greenland Micronesia  St Martin
Belgium Grenada Moldova St Pierre & Miquelon
Belize Guatemala Monaco  St Vincent
Bermuda Guernsey Mongolia Swaziland
Bolivia Guinea-Bissau Montenegro Sweden
Bosnia & Herzegovina Haiti Montserrat Switzerland
Botswana Honduras Morocco Taiwan
Brazil Hong Kong Mozambique Tajikistan
British Virgin Islands Hungary Nepal Tanzania
Brunei Iceland Netherlands Thailand
Burundi Indonesia New Caledonia Timor-Leste
Cambodia Iran New Guinea Togo
Cape Verde Iraqi Kurdistan New Zealand Tonga
Cayman Islands Ireland Nicaragua Trinidad & Tobago
Chile Isle of Man Niue Tunisia
Columbia Israel Norway Turkey,
Comoros Italy Oman Turks & Caicos Island
Cook Islands Jamaica Palau Tuvalu
Costa Rica Japan Palestine Uganda
Croatia Jersey Panama Ukraine
Curacao Jordan Paraguay United Arab Emirates
Cyprus Kenya Peru United Kingdom
Czech Republic Kiribati Philippines Uruguay
Denmark Kish Islands Phú Quốc Vanuatu
Djibouti Kosovo Pitcairn Islands Vatican City
Dominica Kuwait Poland Venezuela
Dominican Republic Kyrgyzstan Portugal Wallis & Futuna
Ecuador Laos Reunion Zambia
Egypt Latvia Romania  
El Salvador Lebanon Sabah  
Estonia Liechtenstein Samoa  
Falkland Islands Lithuania San Marino  
Faroe Islands Luxembourg Sarawak  
Fiji Macau Serbia  

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