Government Bond investment is a conservative one (very secure). 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. Access to high-quality health care in Bulgaria and the EU. Permanent Residence in Bulgaria. Permanent Residence in Bulgaria. Unrestricted right to live, work and study in Europe. This earns you the same rights as a Bulgarian citizen, other than the right to vote. Answer: The money will be refunded to any personal bank account you indicate when the moment comes. Bulgaria offers one of the cheapest permanent residence programs in Europe, and the cheapest citizenship program. 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. Once you have held a permanent residence permit in Bulgaria for 5 years, you can apply for Bulgarian citizenship (in Bulgarian). He has just received his permanent residence permit. 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. You reside in Bulgaria for not less than 183 days annually or 2. 5. 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 For EU citizens, the identity card or a passport is generally sufficient. 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. BONDS. Holding the permanent residence for five years, we can initiate the Bulgarian citizenship by investment application with the Ministry of Justice. 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. No further payment is required. 3. Full assistance will be provided to obtain the status of cohabiting couple. Continuous (renewed each year):- up to 6 months; - up to 1 year; 2. Unrestricted right to live, work and study in Europe. 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. We'll assume you're ok with this, but you can opt-out if you wish. We have no state marriage certificate, only a church one. INVESTMENT AMOUNT. At the end of the five years, you can withdraw the entire amount from the fund. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. Permanent residence permits are issued by the Bulgarian Ministry of Interior. Permanent Residence Permits. Bulgaria Permanent Residency Residency allows the applicant to live in Bulgaria as long as desired. Five years after maintaining the residency entitled you to apply for citizenship of Bulgaria. Q) Are there other possibilities to obtain Bulgarian permanent residence permit without having to wait 5 years? This entitles the person to the same rights as a … The permanent residence card is often issued free of charge (or for the same price as identity cards for nationals). After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. To obtain a permanent residence permit, you need to provide the following documents and complete the following steps: 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.. The Foreign Nationals in the Republic of Bulgaria Act provides for three types of … 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. 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. Permanent residence (разрешение за постоянно пребиваване) gives holders the same rights as citizens, except the right to vote. You can apply for permanent residence after five years of legal residence in Bulgaria. Updated "Applying for Bulgarian citizenship" section: permanent residence required for 5 years in order to apply. In 1945, after World War II, Bulgaria became a communist state and was a part of the Eastern Bloc until the political changes in Eastern Europe in 1989/1990, when the Communist Party allowed multi-party elections and Bulgaria undertook a transition to parliamentary democracy and free-market capitalism with mixed results. 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 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. Question: Can we invest form offshore in order to apply for PR in Bulgaria? The Permanent Residency can be obtained by the following : 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. Permanent (not limited in time, but is valid for Bulgaria only, not applicable to EU) - after accomplishing 5 years of continuous permit Becoming a permanent resident or citizen of Bulgaria does not automatically make you a tax resident. Benefits and Advantages on the Permanent Residence Scheme: On February 23, 2013, new important amendments in the Investment Promotion Act and resulting changes in the Foreigners in the Republic of Bulgaria Act and the Bulgarian Citizenship Act came in force. But opting out of some of these cookies may affect your browsing experience. Long-term residence permits up to one year, and B. Relatively fast (from two to three months) application process. Will it be sufficient to participate in the program as a family or we need to be married officially? This is an investment based opportunity for individuals who invest €300k in Bulgaria. 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 ). PASSPORT INDEX MOBILITY SCORE. You will submit your application to the National Migration Directorate in Bulgaria no later than 60 days before your long-term residency permit expires. 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. 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. He wants to apply for Bulgarian citizenship in 3 years. 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 Physical residency is waived for qualified investors. I am Bulgarian citizen. Permanent residence gives the same rights as BG citizens, except voting. It is mandatory to procure user consent prior to running these cookies on your website. Must have maintained permanent resident status and a valid residential address for the past five years. No special rules have been adopted for frontier workers, meaning that frontier workers may not continue to work in Bulgaria after 1 January 2021. You will also be able to enter and leave the country as many times as you wish without visas. A church marriage, unless legally recognized, will not be accepted in Bulgaria. 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. The Old Free School, George Street, Watford, Hertfordshire, WD18 0BX, UK. It is important to note that whether you are an EU citizen or a citizen of non-EU country, residence conditions are quite different. Benefits for Permanent Residents. Answer: Visa D has 180 days (6 months) validity and the holder of the visa could stay in Bulgaria during this period. 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. Free education and medical system throughout EU. €512,000 will get you a permanent residence status and a … 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 Investment is fully guaranteed by the government bonds. 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. This is the most popular category for obtaining permanent residence in Bulgaria. The investment is fully guaranteed by the government bonds. This investment visa has two tiers of investment into a Bulgaria Government Bond program for five years. Five years of legal stay in Bulgaria. SECURING RESIDENCE AND WORK STATUS Easy access to EU countries – no visa requirement. How are the investment monies refunded to me? Bulgarian Permanent Residency through Property Investment. Bulgaria Individual - Residence Last reviewed - 04 January 2021. The following categories are entitled to permanent residence: 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. Foreigners with another nationality may need a visa. Benefits for Citizens. 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. 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. 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. Free movement within the Schengen zone after Bulgaria becomes a member state. The following categories are entitled to permanent residence: 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. Otherwise, you will be unable to gain access to Belgian territory. Permanent residence. Immigration. Getting a residence permit for an EU state should be relatively simple for an EU citizen with the right documents, shouldn’t it? At the end of the five-year period, the amount BGN 1,000,000 is returned to the investor with no accrued interest. With a venture time of 5 years, after which you are not required to pay any further. These cookies will be stored in your browser only with your consent. 8. Permanent residence and Bulgarian citizenship – absence from the country. According to the Bulgarian legislation you can claim Bulgarian tax residency if 1. Questions and Answers on Permanent Residence in Bulgaria: Question: When visa D is issued how many days the applicant can spend in Bulgaria? The Bulgarian language competence requirement and the relinquishment of the current nationality requirement for applicants who invest in government bonds are waived. We also use third-party cookies that help us analyze and understand how you use this website. But officially we are in common-law relationship. The Bulgarian permanent residence permit is valid for five years. 925.681.2326 Option 1 or 866.386.6571. 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. Bulgarian legislation considers cohabiting couples as a family. Answer: No. Answer: We would recommend obtaining a legal state marriage license/certificate. More information about the Bulgarian procedure can be found here: Bulgarian (EU) citizenship by investment. Benefits for Citizens. INFORMATION ABOUT BREXIT. Is it possible? Benefits for Permanent Residents. There are no restrictions for Iran in Bulgaria (sanctions are imposed by the USA and some other countries). Acquiring the right of permanent residence. No physical residence required for Main Applicant and dependents. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. You will be able to apply for a permanent residence permit (valid indefinitely) after five years’ residence in Bulgaria. 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. 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. Facebook; Twitter; Facebook; Twitter; Solutions. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. Like all foreign investment programs, you won’t have to actually reside in Bulgaria to maintain your residence permit there. It should be valid for 10 years and is automatically renewable without any condition or requirement. INVESTMENT TYPE. The permanent residence permit is issued by the local Migration Offices in Bulgaria. The applicant purchases government bonds for EUR 512,000 plus legal fees, and may sell the bonds after five years. Bulgaria’s capital city and largest settlement is Sofia, with a permanent population of 1,378,000 people. 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. All the family members will be expected to visit Bulgaria. Permanent residence. The permanent residence permit could be granted also towards foreigners … The Foreigners in the Republic of Bulgaria Actallows foreign nationals to apply for Visa D and Bulgarian temporary residence under more than 20 grounds. Are there any restrictions for Middle Eastern countries people such as Iran? On one of the charges, falsifying identity cards, the penalty is up to 10 years in prison. After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. 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. You also have the option to opt-out of these cookies. BECOME A GLOBAL CITIZEN ® LEARN HOW. Permanent Residence Permit. The investor deposits BGN 1,000,000 (approximately EUR 512,000) in the Guaranteed Governmental Bond Portfolio for a period of 5 years. 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). The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. 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. 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. Your question. BULGARIA RESIDENCY PROGRAM THROUGH INVESTMENT. 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. The first Bulgarian permanent residence permit is valid for five years and on next … 2. These cookies do not store any personal information. 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. My husband is a citizens of non-EU country. Integrated Product Library; Sales Management 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. 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. How many times should the Investor visit Bulgaria for this program before getting the permanent residency and citizenship? MONTHS TO RESIDENCE. Conditional tax exemption on world income. Getting the residence permit in Bulgaria it’s the beginning of your journey to get permanent residence or even Bulgarian citizenship. Long-term or permanent residence in Bulgaria is available on the different legal basis under the provisions of the Foreigners Act. You can apply for permanent residence after five years of legal residence in Bulgaria. 5.1 From what date are third-country nationals entitled to apply for permanent residence? The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. This material is protected by copyright laws. The law requires PR application to be loaded within the first 3 months of the validity of the visa. 75. 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). 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 … The Bulgarian residency is implied by the prolonged stay … The Black Sea defines the extent of the country to the east. To obtain Bulgarian tax residency you are not required to stay for 183 days in Bulgaria. This type of stay, made for more than 5 years, gives a right for a Bulgarian citizenship. You must transfer the investment amount to Bulgaria from a personal bank account. Can I provide any account in my name or does it have to be the same account? 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. Opportunity to become resident of the European Union. The approval term is 3 months, so the applicant has enough time to reside and wait for the approval. This entitles you to the same rights as a Bulgarian citizen, (except for the right to vote. Free movement within the Schengen zone after Bulgaria becomes a member state. PERMANENT RESIDENCE . Be over 18 years old. Access to high-quality health care in Bulgaria and the EU. 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. Permanent Residence Permit. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. Question: I have some questions about obtaining Bulgarian citizenship by investment. Lowest taxation in EU and special exemption for immigration through investment applicants. Question: We are Russian family interested in Bulgarian residence-by-investment program. 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. Bulgaria Investor Program. Spouse The government bond portfolio is for an investment period of five years. Government guaranteed investment. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. 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.. Towards the end of their 5th year of continuous legal residence your non-EU family members should apply for a permanent residence card in the EU country where you live.. * Bulgaria is set to gain a place within the Schengen in 2013. Permanent residence permit. To come to Belgium for a long period or permanently, there are other types of residence status. Apply in person for Bulgarian citizenship at the Ministry of Justice in Sofia or at a Bulgarian Consulate abroad. No further payment is required. PROGRAM HIGHLIGHTS. Free copying in on-line editions is allowed in case of saving the HTML-formatting "as-is" including this copyright. ARTON INDEX SCORE. Bulgaria functions as a parliamentary democracy within a unitary constitutional republic. Permanent residence permits are issued by the Bulgarian Ministry of Interior. Long term – up to 5 years (it is EU residency also) - after accomplishing 5 years of continuous permit 3. The period starts since your first … Investor and all his family members (wife and minor children) get Permanent Residence in Bulgaria directly and immediately. No residence requirement . 165. 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. Right to own land in any EU country. This website uses cookies to improve your experience. Bulgaria offers permanent residency through investment of €511,292 (BGN 1 million) in government bonds. To come to Belgium as a foreigner you must be able to present certain identity and residence documents. Getting Bulgarian residence will give you all rights of a Bulgarian citizen except the right to vote. 13 March 2019 We have updated … 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. Permanent residence (разрешение за постоянно пребиваване) gives holders the same rights as citizens, except the right to vote. If you have any questions or wish to use our legal assistance in obtaining permanent residence or citizenship of Bulgaria, contact us today. PERMANENT RESIDENCE. 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. YEARS TO CITIZENSHIP. Residence permits in Bulgaria A. 6. 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. To obtain a permanent residence one must spend 5 years in Bulgaria according to the long-term stay conditions. You may have to … The residency permit can be: 1. Our immigration lawyers can ensure that the Bulgarian residence permit and Bulgarian ID card will be issued within 3 working days. 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. 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