A foreigner can obtain an EU passport through naturalisation. Bulgaria grants citizenship after 2 year of maintaining the investment with permanent resident status. All sort of things like the Bulgarian program is cancelled, which was later transformed to the Bulgarian program will be cancelled. Standard Track – Lv 1,000,000 (approximately € 513,000); Then you become a full EU citizen. The minimum investment amount is €250,000. After 12 months of residency, the initial investment is doubled to €1,022,584. The Bulgaria citizenship by investment program is active and running and the government has committed to. The changes are expected to take effect at the beginning of 2021. Official language – Bulgarian. Here are some latest updates. Whether it will still be possible to sell the shares or the business after 4 years is unknown. For many years now, the Bulgarian Citizenship by Investment program has been definitely the … Bulgaria Intends to Keep Citizenship-By-Investment Program Date added: : 05.11.2020 The European Commission has officially encouraged the Bulgarian government to close the citizenship-by-investment program, but the country's authorities do not intend to close it. Investment Requirement: €512,000 (Bulgarian Government Bonds) or €1,024,000 (Bulgarian Investments) or €200,000 (non-refundable banking fee to source a bond) Visa-Free Countries: 156. Looking to obtain EU citizenship by investment in 2020? The Bulgaria Citizenship by Investment Program is based on provisions in the Bulgarian Citizenship Act (BCA) and the Foreign Nationals in the Republic of Bulgaria Act (FNRBA). These are the only two active citizenship by investment schemes in European Union. Find out more about the programme below, or contact us now for a free consultation. 8. The money is to be used for a priority business project for the country, which has been certified by the government; Create 10 jobs and invest 500,000 BGN or approximately 255,000 € in a Bulgarian company. Wednesday January 13, 2021 Web meeting for new EU citizens who have obtained Bulgarian citizenship by investment in 2020 Friday January 08, 2021 BrExit and why Britons need EU citizenship Thursday December 31, 2020 Your Bulgarian citizenship application has been declined because of objection by the State Agency for National Security "Taking a new step, uttering a new word, is what people fear most." So what were all these rumors propagating? The foreigner receives a residence permit in the country, and after a year or three years, applies for citizenship. The main idea for launching Bulgarian-Citizenship.com is to facilitate the efforts of the Bulgarian government to handle the negative impact on the demographic crisis in Bulgaria. January 20, 2021 Read more. Please find answers for some of the important questions below provided by the Bulgarian lawyer we work with. In confirmation to the above, we are happy to announce that two of our clients had their decrees signed by the President in July 2020 and … The Bulgaria Citizenship by Investment Program is a two-stage procedure. February 16, 2020. T he Bulgaria citizenship by investment application process is extremely efficient, and the government of Bulgaria is committed to the highest standard of due diligence and vetting of investor applicants ensuring only persons of impeccable standing and repute will be admitted. Bulgarian citizenship is available after 60 months. Basically, the international agents that offer citizenship and residency services of other countries were those who were criticizing the program the most. The first step for a foreign national who is interested in obtaining Bulgarian citizenship by investment is to apply for a permanent residence permit based on the chosen type of investment. Citizenship will be granted after a permanent residence permit. Citizenship by investment in Bulgaria will have Non-EU citizens make a minimum deposit of 1,000,000 Bulgarian lev into the government bond portfolio which will be returned without interest to investors after five years, after which the country will grant the investor permanent residency. The income from selling residence in exchange for investment is unknown. The Bulgaria Investment Citizenship programme, whilst relatively unknown, offers a simple application process and clear path to EU citizenship. Amendments to the existing “Law for the Bulgarian citizenship”. The truth is that the Bulgarian CBI program is good for one person only – you, the prospective Bulgarian citizenship candidate. in Bulgaria. 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