Residency by Investment

Established in 2009 and updated in 2013, the Investor Program for Residence and Citizenship in Bulgaria allows investors and their families to obtain a Permanent Residence Permit and become eligible for Bulgarian citizenship through investment.

Being a member of the European Union the program offers great advantages for investors who want to gain access to the European way of life.

Some of the unique characteristics of this program are the exemption of physical residence, the lack of language requirements and the existence of a fast track option.

The law under the Foreigners in the Republic of Bulgaria Act (FRBA) outlines the framework for entering, residing and exiting from the Republic of Bulgaria for the citizens of non-EU member states.

Investment options

The Foreigners in the Republic of Bulgaria Act (FRBA) allows investors to make a purchase of a BGN 1,000,000 (€511,292) Guaranteed Governmental Bond Portfolio under an Investment Agreement for a period of 5 years. At the end of the five-year period, the amount BGN 1,000,000 (€511,292) is returned to the investor without accrued interest. The investment is fully guaranteed by the government bonds.

*Note, there are options where clients may choosing a Financed Investment Option, where the investor pays a reduced amount of €180,000*. The reduced amount is used to finance a BGN 1,000,000 (€511,292) closed five-year term loan from a Bulgarian chartered bank. This loan is initiated and repaid at no further cost to the investor. Speak to a consultant to understand more about this.

*Applicants who select the Financed Investment option will have to demonstrate net worldwide assets of more than €1,000,000. This is a requirement of the Bulgarian chartered bank.

Fast Track option

The fast track option allows investors to apply for Citizenship faster, by doubling the investment. The requirements for the Fast Track Option are:

  • for the applicant to have at least 1 year of Permanent Resident status; and
  • to double the investment by putting €512,000 in the capital of a Bulgarian company, which is carrying out a Priority Investment Project (as defined in the Investment Promotion Act); and
  • to hold both investments for a period of at least 2 years after Citizenship is granted