Benefits for Permanent Residents. Bulgaria functions as a parliamentary democracy within a unitary constitutional republic. Free copying in on-line editions is allowed in case of saving the HTML-formatting "as-is" including this copyright. The Bulgarian permanent residence permit is valid for five years. Citizenship may be applied for after 60 months (5 years) in permanent residency status. You reside in Bulgaria for not less than 183 days annually or 2. Residence permits. Free movement within the Schengen zone after Bulgaria becomes a member state. Spouse Make Bulgaria your gateway to Europe. It is very often issued on the base of Bulgarian origins of the applicant, or marital or family relations, or spending 5 years of residence here, the presence of investment intentions/reasons, etc. Permanent Residence by Investment Program Permanent residency of Bulgaria is granted to citizens of any country (and their spouse and children under 18) who invest in the country through certain terms outlined in the Act. Obtaining temporary residence in Bulgaria and renewing it annually for a period of five years and residing physically in the country for 30 months in the last five years, you are eligible to apply for a permanent residence in Bulgaria. Updated "Applying for Bulgarian citizenship" section: permanent residence required for 5 years in order to apply. The permanent residence permit is issued by the local Migration Offices in Bulgaria. Whether you want to visit Bulgaria for a longer period of time or to stay permanently it is a must to get acquainted with the residence requirements for foreign citizens in Bulgaria. Bulgaria also has an Investment Promotion Act through which foreign investors may apply for a residence permit. INVESTMENT AMOUNT. Must have maintained permanent resident status and a valid residential address for the past five years. Integrated Product Library; Sales Management To come to Belgium as a foreigner you must be able to present certain identity and residence documents. 1 Full Investment - The Bulgaria Permanent Residency Program can be obtained by making an investment of €511,292 (BGN 1 million) in their Government Bonds. As an EU national, you automatically acquire the right of permanent residence in another EU country if you have lived there legally for a continuous period of 5 years.If you fulfil this requirement, you can apply for a permanent residence document, which confirms your right to live in the country where you now live permanently, without any conditions. Answer: Visa D has 180 days (6 months) validity and the holder of the visa could stay in Bulgaria during this period. The following categories are entitled to permanent residence: BECOME A GLOBAL CITIZEN ® LEARN HOW. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. No physical residence required for Main Applicant and dependents. Bulgaria borders five other countries: Romania to the north, Serbia and the Republic of Macedonia to the west, and Greece and Turkey to the south. Five years of legal stay in Bulgaria. Timeframe. Permanent stay residence permit – is a permit for permanent residence in Bulgaria for unlimited time. To come to Belgium for a long period or permanently, there are other types of residence status. Answer: No. The residence gives applicants the right to enter and leave Bulgaria freely, as well as the right to travel across all European countries visa-free. A church marriage, unless legally recognized, will not be accepted in Bulgaria. We would like to remind our readers that normally (without investment) foreigner must first obtain temporary residence permit in Bulgaria, then renew it annually, and only after 5 years or residence is … Question: We are Russian family interested in Bulgarian residence-by-investment program. Long-term or permanent residence in Bulgaria is available on the different legal basis under the provisions of the Foreigners Act. Question: Suppose, I use my Barclays bank account to remit the monies to the Bulgarian Government for the initial investment of EUR 512,000 and I also use the same account for the upcoming investment for application through the fast-track program. Unrestricted right to live, work and study in Europe. Our government approved property based investment program is the ideal way to secure permanent residency and EU citizenship. There are no restrictions for Iran in Bulgaria (sanctions are imposed by the USA and some other countries). Permanent residence gives the same rights as BG citizens, except voting. 165. ARTON INDEX SCORE. Bulgaria Permanent Residency Residency allows the applicant to live in Bulgaria as long as desired. Applications for D-type visas can be submitted to Bulgaria's consular representations abroad. The investor deposits BGN 1,000,000 (approximately EUR 512,000) in the Guaranteed Governmental Bond Portfolio for a period of 5 years. Bulgarian Permanent Residency through Property Investment. Bulgaria (officially the Republic of Bulgaria) is a country in Southern Europe. Not in Bulgaria, where bureaucracy remains frustratingly opaque. Access to high-quality health care in Bulgaria and the EU. Holding a residence visa also enable the applicants to enter and leave the country as many times as they wish without visas. For EU citizens, the identity card or a passport is generally sufficient. Bulgaria also has an Investment Promotion Act through which foreign investors may apply for a residence permit. Continuous (renewed each year):- up to 6 months; - up to 1 year; 2. 3. To obtain a permanent residence permit, you need to provide the following documents and complete the following steps: You may have to … Conditional tax exemption on world income. But officially we are in common-law relationship. Easy access to EU countries – no visa requirement. This type of stay, made for more than 5 years, gives a right for a Bulgarian citizenship. Acquiring the right of permanent residence. A member of the European Union, NATO, the United Nations, the World Trade Organization and a founding state of the OSCE, it has a high Human Development Index of 0.743, ranking 58th in the world in 2010. INVESTMENT TYPE. All the family members will be expected to visit Bulgaria. No further payment is required. A long-term stay in Bulgaria can be continuous with a one-year leave to remain (D-type visas), and permanent with an indefinite leave to remain (permanent residence). BENEFITS OF EUROPEAN PERMANENT … Permanent Residence in Bulgaria. The investment is fully guaranteed by the government bonds. Immigration. At the end of the five-year period, the full amount of BGN 1 million (€511,292) will be returned to the investor without any accrued interest. Benefits for Permanent Residents. It should be valid for 10 years and is automatically renewable without any condition or requirement. €511,292. If you have resided legally in Bulgaria for a period of five years on the basis of a consecutive long-term residence permit, you and your family members are entitled to a permanent residence permit. This website uses cookies to improve your experience. We plan on living outside of Bulgaria for some time. The status of a person who has permanent residence or citizenship in Bulgaria automatically entitles his family members - spouses and children - to apply for permanent residence or citizenship. How are the investment monies refunded to me? The Bulgarian residency is implied by the prolonged stay … The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. To be a tax resident an individual must reside in Bulgarian territory for 183 days in a tax year, have a permanent address in Bulgaria, or have their center of vital interests in Bulgaria. The Investment is fully guaranteed by the government bonds. This type of permit is granted for an indefinite period of time and is one of the key requirements for obtaining a Bulgarian passport and citizenship. Obtaining temporary residence in Bulgaria and renewing it annually for a period of five years and residing physically in the country for 30 months in the last five years, you are eligible to apply for a permanent residence in Bulgaria.The Foreigners in the Republic of Bulgaria Act allows foreign nationals to apply for Visa D and Bulgarian temporary residence under more than 20 grounds. Q) Are there other possibilities to obtain Bulgarian permanent residence permit without having to wait 5 years? The registration of a trade representative office in Bulgaria allows foreign persons to easily obtain a temporary residence permit that is valid for up to 1 year, and is renewable annually. We have no state marriage certificate, only a church one. The following categories are entitled to permanent residence: Permanent Residence by Investment Program, Second Citizenship, Second Passport - FAQ, Second Passport by Investment Programs – Comparison Table, Honorary Consulate and Diplomatic Passport, Legal Basis for Honorary Consul Appointment, Publications on Immigration and Dual Citizenship, Temporary and Permanent Residency in Slovakia, Permanent Residence in Belgium and in other EU-countries, Immigration to Switzerland for financially independent persons, Immigration to Andorra for High Net Worth Individuals, Spanish Citizenship and Two-Stage Schemes Fraud. Permanent (not limited in time, but is valid for Bulgaria only, not applicable to EU) - after accomplishing 5 years of continuous permit Long term – up to 5 years (it is EU residency also) - after accomplishing 5 years of continuous permit 3. Apply in person for Bulgarian citizenship at the Ministry of Justice in Sofia or at a Bulgarian Consulate abroad. These investors will have the privilege of being able to apply for Bulgarian citizenship after 1 year with permanent residency status (instead of normal 5 years). My husband is a citizens of non-EU country. Permanent residence (разрешение за постоянно пребиваване) gives holders the same rights as citizens, except the right to vote. Permanent residence permit. After five consecutive years of long-term residence, you can apply for permanent residence abroad in Bulgaria. Bulgaria offers one of the cheapest permanent residence programs in Europe, and the cheapest citizenship program. Residence permits in Bulgaria A. 925.681.2326 Option 1 or 866.386.6571. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. The Black Sea defines the extent of the country to the east. Permanent residence (разрешение за постоянно пребиваване) gives holders the same rights as citizens, except the right to vote. If you have Bulgarian origin and you have obtained a certificate of Bulgarian origin from the State Agency for Bulgarians Abroad, but you have failed your Bulgarian citizenship by origin application because you cannot provide sufficient evidence of your origin or for any other reason, you still may obtain Bulgarian permanent residence.. Government guaranteed investment. Becoming a permanent resident or citizen of Bulgaria does not automatically make you a tax resident. Bulgaria Investor Program. Full assistance will be provided to obtain the status of cohabiting couple. Be over 18 years old. The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. You must transfer the investment amount to Bulgaria from a personal bank account. The Old Free School, George Street, Watford, Hertfordshire, WD18 0BX, UK. Government Bond investment is a conservative one (very secure). With a venture time of 5 years, after which you are not required to pay any further. To obtain a permanent residence one must spend 5 years in Bulgaria according to the long-term stay conditions. We'll assume you're ok with this, but you can opt-out if you wish. Lowest taxation in EU and special exemption for immigration through investment applicants. He wants to apply for Bulgarian citizenship in 3 years. Bulgaria Individual - Residence Last reviewed - 04 January 2021. PASSPORT INDEX MOBILITY SCORE. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. Permanent residence and Bulgarian citizenship – absence from the country. Can I provide any account in my name or does it have to be the same account? Answer: The money will be refunded to any personal bank account you indicate when the moment comes. BULGARIA PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit: - Invest €512,000 (BGN 1 million) in Bulgarian Government bonds locked for 5 years and paid out with 0% interest These changes make the Bulgarian Residency and Citizenship Program even more attractive. 2. Fast Track Way to EU-Citizenship by Investment, Moreover, new option is introduced for those applicants who invest additional BGN 1,000,000 (EUR 512,000) into government bonds. Answer: The investor is expected to visit Bulgaria twice to get permanent residency and twice to get citizenship. Immigration. Long-term residence Certificate for EU citizens in Bulgaria – issued by the bodies of the Ministry of the Interior, with 5-year validity period;; Permanent residence Certificate for EU citizens in Bulgaria – issued by the bodies of the Ministry of the Interior, with 10-year validity period. 5. Qualifications Holding the permanent residence for five years, we can initiate the Bulgarian citizenship by investment application with the Ministry of Justice. This section is aimed at providing information to UK citizens and their family members who are residing in Bulgaria or will arrive in Bulgaria during the transition period, provided for in the Withdrawal Agreement (until 31.12.2020) on the terms and conditions for entry and residence in the Republic of Bulgaria after Brexit. But opting out of some of these cookies may affect your browsing experience. This is according to an order published by Bulgaria’s Health Minister Kostadin Angelov, posted on the ministry website on the night of December 21. Applications for permanent residence can only be submitted in Bulgaria. SECURING RESIDENCE AND WORK STATUS On one of the charges, falsifying identity cards, the penalty is up to 10 years in prison. Permanent Residence Permit Before applicants are issued a permanent residence permit, they must first obtain an extended residence permit and hold it for a minimum of five (5) years. The applicant purchases government bonds for EUR 512,000 plus legal fees, and may sell the bonds after five years. Relatively fast (from two to three months) application process. Bulgaria offers permanent residency through investment of €511,292 (BGN 1 million) in government bonds. This material is protected by copyright laws. This entitles you to the same rights as a Bulgarian citizen, (except for the right to vote. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. At the end of the five years, you can withdraw the entire amount from the fund. 6. MONTHS TO RESIDENCE. For children under the age of 18, this happens automatically, after 18 years - in the prescribed manner, with the provision of a package of necessary documents to the migration service. Free education and medical system throughout EU. Permanent Residence Permits. I am Bulgarian citizen. Will it be sufficient to participate in the program as a family or we need to be married officially? Bulgaria’s warm climate, excellent conditions for recreation ,cheap medical treatment and the low prices of food and services attract tourists of all ages.. G eneration s of foreigners prefer spending their holidays in Bulgaria.. Questions and Answers on Permanent Residence in Bulgaria: Question: When visa D is issued how many days the applicant can spend in Bulgaria? participating in the political process by registering and voting, joining the police force or military). If you have resided legally in Bulgaria for a period of five years on the basis of a consecutive long-term residence permit, you and your family members are entitled to a permanent residence permit. Getting a residence permit for an EU state should be relatively simple for an EU citizen with the right documents, shouldn’t it? Our clients qualify for Permanent Residency via the Foreigners in the Republic of Bulgaria Act, Article 25 which was passed in August 2009 and ratified by the EU. The permanent residence card is often issued free of charge (or for the same price as identity cards for nationals). It is important to note that whether you are an EU citizen or a citizen of non-EU country, residence conditions are quite different. These cookies will be stored in your browser only with your consent. This is the most popular category for obtaining permanent residence in Bulgaria. The Foreign Nationals in the Republic of Bulgaria Act provides for three types of … You can apply for permanent residence after five years of legal residence in Bulgaria. PERMANENT RESIDENCE. Non-EU nationals and their families (spouse and children below 18) can apply for Permanent Residence in Bulgaria if they invest in several financial instruments. Is it possible? If you have resided legally (on the basis of a long-term residence permit) and continuously in Bulgaria in the last five years, you and your family members are entitled to apply for a permanent residence permit. 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. Permanent Residence in Bulgaria. Permanent residency of Bulgaria is granted to citizens of any country (and their spouse and children under 18) who invest in the country through certain terms outlined in the Act. This is an investment based opportunity for individuals who invest €300k in Bulgaria. INFORMATION ABOUT BREXIT. Permanent Residence Permit. 75. Physical residency is waived for qualified investors. No further payment is required. A permanent residence permit can be obtained 3-6 months after initial investment; Bulgarian citizenship can be obtained ~2 years from initial investment via the Fast Track, or ~6 years via the Standard Track. Getting Bulgarian residence will give you all rights of a Bulgarian citizen except the right to vote. Right to own land in any EU country. PERMANENT RESIDENCE . This website uses cookies to improve your experience while you navigate through the website. It’s usually a formality to have a permit renewed, although you will need to have spent at least six months and one day of the 12-month period in Bulgaria. I want to ask you if there would a problem in receiving my monies back after the 2-year period from the date of the citizenship if I was to close this account in the future. Answer: We would recommend obtaining a legal state marriage license/certificate. Conditional tax exemption on world income. * Bulgaria is set to gain a place within the Schengen in 2013. This entitles the person to the same rights as a … You will be able to apply for a permanent residence permit (valid indefinitely) after five years’ residence in Bulgaria. Czech Republic – Residency Through Business, Irish Immigration Changes To Accommodate Skilled Workers, Cyprus’ Innovative Businesses Thrive Under New Schemes, UK Tech Sector Receives Visa And Funding …, Brits Seek Cypriot Citizenship As Brexit Rumbles …, Cyprus Economy Booming Thanks To Visa Investment …, Brexit and visas: how might reforms affect …, Promoted and run by a leading Bulgarian law firm, Specialist scheme that offers a secure route to obtaining permanent residency for you and your immediate family, Unique and structured path to allow you take advantage of the legislation. After 5 years of uninterrupted residency in Bulgaria, an application can be made for permanent residence (and later you can also apply for Bulgarian citizenship ). €512,000 will get you a permanent residence status and a … Once you have held a permanent residence permit in Bulgaria for 5 years, you can apply for Bulgarian citizenship (in Bulgarian). Are there any restrictions for Middle Eastern countries people such as Iran? At the end of the five-year period, the amount BGN 1,000,000 is returned to the investor with no accrued interest. You also have the option to opt-out of these cookies. Permanent residence. Like all foreign investment programs, you won’t have to actually reside in Bulgaria to maintain your residence permit there. It is very often issued on the base of Bulgarian origins of the applicant, or marital or family relations, or spending 5 years of residence here, the presence of investment intentions/reasons, etc. This category only includes cookies that ensures basic functionalities and security features of the website. No requirement to live in Bulgaria to obtain permanent residency, Residency usually obtained in four to six months, We guarantee to return your investment capital if your application is not successful, Property investment is an opportunity to secure capital growth and rental income, Guaranteed rental yield and significant VAT reclaim, Visa free travel throughout the Schengen zone*, Apply for a European Union passport after five years, Children under 18 years can be included in your application, Investment capital remains under your control, Access to European universities at EU rates reduces education costs. Permanent Residence Permit. YEARS TO CITIZENSHIP. You will submit your application to the National Migration Directorate in Bulgaria no later than 60 days before your long-term residency permit expires. You control your investment portfolio at all times. 13 March 2019 We have updated … More information about the Bulgarian procedure can be found here: Bulgarian (EU) citizenship by investment. How many times should the Investor visit Bulgaria for this program before getting the permanent residency and citizenship? And to acquire the permanent resident status you need to have legally lived in Bulgaria for five (5) consecutive years, more exactly, more than 30 months during this period. You can apply for permanent residence after five years of legal residence in Bulgaria. Therefore, we consider Bulgarian Residency and Citizenship Program to be the best passport scheme in EU (because it is more than twice cheaper than Malta or Cyprus with comparable passport quality). BONDS. The first Bulgarian permanent residence permit is valid for five years and on next … Suppose if I want to visit Bulgaria, apply for PR and wait for the decision in Bulgaria. The requirements for those who opt for the regular program are as follows: 1. Loan options of investment are available. Necessary cookies are absolutely essential for the website to function properly. You will be able to apply for a permanent residence permit (valid indefinitely) after five years’ residence in Bulgaria. whose permanent place of residence is in Bulgaria, or who spends inside the territory of Bulgaria more than 183 days in each period of 12 consecutive months, or who resides abroad on assignment of the Bulgarian State, its authorities and/or its organizations, or Bulgarian establishments, and the members of his/her family shall also be local natural persons, or To obtain a permanent residence permit, you need to provide the following documents and complete the following steps: Permanent residence. Bulgarian legislation considers cohabiting couples as a family. BULGARIA PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit: - Invest €512,000 (BGN 1 million) in Bulgarian Government bonds locked for 5 years and paid out with 0% interest We are married in church and have two children. Your question. Foreigners with another nationality may need a visa. Permanent residence gives the same rights as BG citizens, except voting. Investor and all his family members (wife and minor children) get Permanent Residence in Bulgaria directly and immediately. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. You will also be able to enter and leave the country as many times as you wish without visas. PROGRAM HIGHLIGHTS. The Foreigners in the Republic of Bulgaria Actallows foreign nationals to apply for Visa D and Bulgarian temporary residence under more than 20 grounds. To obtain Bulgarian tax residency you are not required to stay for 183 days in Bulgaria. According to the Bulgarian legislation you can claim Bulgarian tax residency if 1. Question: I have some questions about obtaining Bulgarian citizenship by investment. The District Prosecutor’s Office in Bulgaria’s city of Plovdiv has pressed charges against five people, one a Migration Directorate official, who were involved in producing fake permanent residence cards for non-EU nationals. It’s usually a formality to have a permit renewed, although you will need to have spent at least six months and one day of the 12-month period in Bulgaria. The permanent residence permit is issued by the local Migration Offices in Bulgaria. Right to own land in any EU country. Yes, there are other options, mainly related to persons from Bulgarian origin. Permanent residence permits are issued by the Bulgarian Ministry of Interior. The law requires PR application to be loaded within the first 3 months of the validity of the visa. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. Since December 2013, Bulgaria, Eastern EU country, put into force Bulgarian Investment Immigration Program – Bulgarian/EU citizenship for foreign investors and their families, which provides an opportunity not only to invest in a stable European economy but in addition to receive a Bulgarian Permanent Residence and the unique opportunity for Fast Track Bulgarian Citizenship. This investment visa has two tiers of investment into a Bulgaria Government Bond program for five years. Bulgaria’s capital city and largest settlement is Sofia, with a permanent population of 1,378,000 people. Benefits for Citizens. The residency permit can be: 1. Question: Can we invest form offshore in order to apply for PR in Bulgaria? The permanent stay residence status can be obtained on the following grounds: We would like to remind our readers that normally (without investment) foreigner must first obtain temporary residence permit in Bulgaria, then renew it annually, and only after 5 years or residence is entitled to apply for permanent residency. The ban on entering Bulgaria from the UK does not apply to Bulgarian citizens, permanent and long-term residents and medical specialists, among other categories of people. The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. Benefits for Citizens. The approval term is 3 months, so the applicant has enough time to reside and wait for the approval. No residence requirement . Bulgaria is a member of the European Union and NATO. After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. This earns you the same rights as a Bulgarian citizen, other than the right to vote. BULGARIA RESIDENCY PROGRAM THROUGH INVESTMENT. With a venture time of 5 years, after which you are not required to pay any further. Free movement within the Schengen zone after Bulgaria becomes a member state. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. Getting the residence permit in Bulgaria it’s the beginning of your journey to get permanent residence or even Bulgarian citizenship. The key advantage of this program over other programs is the fact there is no obligation to reside in Bulgaria obtain or retain Permanent Residency, or indeed qualify for citizenship and an EU passport  5 years after. After citizenship is granted the applicant will be expected to maintain the investments for a period of two more years. He has just received his permanent residence permit. 8. Usually, permanent residence applications are reviewed within 30 working days; Month 4 – 6 – Once the residence application is approved, the applicant will be photographed and the permanent residence card is issued within 3 business days. Permanent residence permits for an indefinite period of time The most common grounds for issuance of long-term residence permits are: The Foreign citizen is a member of the management or supervisory bodies of a Bulgarian company Holders of a permanent residence permit are entitled the same rights and obligations that come with Bulgarian citizenship except those which are explicitly forbidden (e.g. Opportunity to become resident of the European Union. Permission for a permanent residence may receive aliens: - of Bulgarian descent; - who have resided legally and continuously on the territory of the country for a period of five years, five years after contracting a marriage with a foreigner permanent resident in Bulgaria; - minor or underage children of a foreigner permanent resident in… Unrestricted right to live, work and study in Europe. Our immigration lawyers can ensure that the Bulgarian residence permit and Bulgarian ID card will be issued within 3 working days. The permanent residence permit could be granted also towards foreigners … Access to high-quality health care in Bulgaria and the EU. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. If you have any questions or wish to use our legal assistance in obtaining permanent residence or citizenship of Bulgaria, contact us today. Long-term residence Certificate for EU citizens in Bulgaria – issued by the bodies of the Ministry of the Interior, with 5-year validity period;; Permanent residence Certificate for EU citizens in Bulgaria – issued by the bodies of the Ministry of the Interior, with 10-year validity period. Easy access to Belgian territory answer: bulgaria permanent residence investor visit Bulgaria twice to get permanent permit. Refunded to any personal bank account you indicate when the moment comes permanently..., other than the right to vote includes cookies that ensures basic and! Approved property based investment program is the ideal way to secure permanent residency and EU citizenship, so the has. A period of two more years or requirement fully guaranteed by the local Migration Office €511,292 BGN! 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