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. New applications are welcomed and decrees are issued regardless of widespread rumours that the program will stop. It will also set a deadline for how long an investor has to keep the investment. February 16, 2020. Find out more about the programme below, or contact us now for a free consultation. EUR 1 million. Governments pay $10,000-$15,000 commissions for each case approval for Caribbean programs, depending on volume of cases are filed and how big is the family. Member of VD&A. Note: The Bulgarian citizenship program is currently suspended. Read how to get it by yourself. Investment size. Citizenship by Investment Countries. Hong Kong: The situation in Hong Kong is running out of control (summer 2019). Spouse and children (even >18 years old) can also obtain EU citizenship. No military service. Bulgarian Citizenship by Investment – 2020 and beyond Updates on the future plans to enhance the conditions of the Bulgarian CBI program There have been many talks about the plans of the Bulgarian government to change the conditions of the investment citizenship program. The Citizenship by Investment program in Jordan is getting more popular among many Arab and foreign investors. EU passport for family and children. Freedom of movement rights. Bulgaria grants citizenship after 2 year of maintaining the investment with permanent resident status. The Bulgaria citizenship by investment program is active and running and the government has committed to. The program for obtaining Bulgarian citizenship through investment requires: – initial investment of BGN 1 000 000 (EUR 512 000), on the basis of which the investor will be entitled to receive permanent residence in Bulgaria; – after at least one year, the investment should be doubled with a new BGN 1 000 000 (EUR 512 000); For many years now, the Bulgarian Citizenship by Investment program has been definitely the … The Investor Program for Residence and Citizenship in Bulgaria helps get you there faster with the following benefits: Residency within six to nine months. It considers that the current programme violates EU law. Vietnam: Our participation at the "2018 Fall EB-5 Expo" in Ho Chi Minh, Vietnam. An investor will be able to obtain a Bulgarian passport if: invests at least BGN 1 million, or about €500,000, in exchange-traded funds in the country; Purchases of Bulgarian company shares amounting to BGN 2 million or approx. That’s why we have set up a special space within our website, where we will keep you updated about everything that is happening with the Bulgarian Citizenship by Investment program. To own shares or a business for at least 5 years. The European Commission has sent a letter to Bulgaria expressing its concerns about the acquiring of citizenship by investment regime. Bulgaria officially offers a residency program that could lead to citizenship. This aim can be achieved by welcoming foreign nationals of Bulgarian origin and attracting highly-qualified and wealthy individuals to obtain Bulgarian citizenship and relocate to Bulgaria. The new options will also help develop and support Bulgarian businesses. Read more. Bulgaria has EU passport by investment scheme but the prices for fast track citizenship requires EUR 300,000 (financing option for EUR 1 million) in Bulgarian Government bonds. The Bulgarian program is indeed a thorn in the eye for many, as the financial conditions of it hardly give a chance to an agent to make good money. But these alternatives may cost you up-to 50 times more. The Bulgarian government revisited amendments to the Citizenship Act. Citizenship by investment is a category for obtaining citizenship different from the naturalisation or citizenship by descent options. 14 Countries that May Open News Citizenship by Investment Programmes in 2020 Governmental programmes that offer citizenship in return for investment are becoming increasingly popular. Maltese citizenship is granted for a direct investment of from €800,000. Copyright © 2021 Immigrant Invest. “The Investment Immigration opportunities in Bulgaria are regulated by Bulgarian law: The Foreigners in the Republic of Bulgaria Act, the Bulgarian Citizenship Act, and the Investment Promotion Act.” The legal basis of investor naturalization in Bulgaria appears to be sound, but that does not a CIP make. All rights reserved. Now the citizenship can be applied for after one year under the accelerated procedure or after 5 years under the naturalisation procedure. Standard Track – Lv 1,000,000 (approximately € 513,000); The income from selling residence in exchange for investment is unknown. According to the same report, between 2012 and October 2017, Bulgaria granted citizenship- and residence-by-investment permits to 75 applicants from Russia, 39 from China, 33 from Pakistan, 28 from Egypt and 25 from Lebanon. 4.8 out of 5 stars based on 337 votes. A fast-track Citizenship by Investment route, whereby the investor can lodge an application for citizenship after having maintained permanent residency status for 12 months. Bulgaria, although it has declared strong commitment to follow, has proven so far to be the slowest one. The Deputies were going to change the conditions of the investment programme in 2019, but then the Parliament did not approve the changes. The Bulgarian Citizenship by Investment program - legal outlook for 2020 and beyond. Bulgarian citizenship is a life saver. Vietnam: Our speaker at the "2018 Uglobal Investment Immigration Expo" in Ho Chi Minh City. All rights reserved by "Citizenship & Investments" LTD. Basically, the international agents that offer citizenship and residency services of other countries were those who were criticizing the program the most. Bulgaria passport offers visa free travel to over 170 countries including Canada. In order to obtain citizenship, the investor needs to increase the investment to BGN 1 million and hire at least 20 employees in a year. With the Standard Track you can obtain a second passport in 6 years in exchange for a minimum investment of €512,000. ... 2020 Read more. The main proposed amendment, which is basically the most important for all future candidates for fast-track Bulgarian citizenship by investment, is the proposal to cancel Art. In the EU, only Bulgaria and 2 other countries can offer you this procedure, which takes 18 months. 25, para 1, point 6, 7 or p.13, or art. Invest €512,000 into government bond and obtain PR of Bulgaria in 6 months. CBI attracts Businesses to St Kitts and Nevis ... December 29, 2020 Read more. You can contact us by email for all general enquiries. | XML SITEMAP |, Bulgarian citizenship by investment (fast-track). All sort of things like the Bulgarian program is cancelled, which was later transformed to the Bulgarian program will be cancelled. The Bulgarian government has one month to respond to the letter requesting additional information, after which the Commission will decide on the next steps. 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. Under the new rules, the investor also has to first obtain a permanent residence permit in the country. The year is 2020 and many South Africans are trying to find a better place to live. 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. HHT’s Bulgaria Property and Citizenship Guide gives you all the information you need on the best properties and Economic Citizenship Programs in Bulgaria. © 2021. To qualify for the Bulgaria Citizenship by Investment Program investors are required to make direct investments of least €512,000 in one or more of the following investment choices: shares of Bulgarian companies, Bulgarian State Bonds, fiduciary investment or intellectual properties. A lot of confusion remains with the Bulgarian citizenship by investment program (BCBI) open or not in 2020. Brussels wants further details from Sofia. Work on the amendments is resumed because of a warning from the European Commission. 25 c of the Foreigners in Bulgaria Act /FBA/ and art.12a or 14a of the Bulgarian Citizenship Act /BCA/. Obtaining a second passport could be one of the best investments you’ll ever make. What is happening with Bulgaria investor citizenship scheme in 2020? 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 … These programs streamline the application process, provide a straightforward path to citizenship in a matter of months, and are open to (almost) anyone with a clean criminal record. New investment options will appear. - Fyodor Dostoevsky. May 27, 2020 Pre-application for Bulgarian visa D and residency permit through marriage January 16, 2019 The Bulgarian program is a two-stage procedure. 14a (1), p.1 (a) of the “Law for the Bulgarian citizenship.” If you wish to obtain citizenship in an EU country, seek expert consultation from the investment programmes. Please feel free to explore by clicking the button bellow: Bulgarian CBI program - updates for 2020 and beyond. Hong Kong: "EU Citizenship by Investment" - lecture by our lawyer at the annual gathering on March 18th 2018. These are the only two active citizenship by investment schemes in European Union. Full citizenship vs residence permit (aka “golden visa”) Bulgaria is one of the only 3 EU countries with Citizenship by Investment Program. After 12 months of residency, the initial investment is doubled to €1,022,584. The foreigner receives a residence permit in the country, and after a year or three years, applies for citizenship. The relevant legal base is art. If the amendments are adopted before the end of December, the new rules will come into force in early 2021. Each country that offers citizenship by investment has a clearly outlined program that has been authorized by its government.. A participant of the programme doesn’t have to take the Bulgarian language test when applying for citizenship. Bulgarian citizenship is available after 60 months. Here are some latest updates. The minimum investment amount is €250,000. The relevant provisions date to late 2013, as amended. In order to obtain citizenship, a foreigner also has to pass a Greek language test. Which passport is more valuable, the Bulgarian or the Cypriot? The Bulgarian LLC-route is one of the options with the lowest threshold of investment that still leads to EU citizenship. Bulgaria: The latest Bill(s) and legal amendments of the Bulgarian Citizenship by Investment program. There is also a golden visa scheme in Bulgaria that attracts investors who want just residency. No requirement to permanently live in the Country. You will find all sort of information, the latest Bills, proposal for amendments, commentaries, etc. In the case of some countries, the process can be accelerated by first obtaining a residence permit for investment. Citizenship by Investment: Investment Options: The process ends with the issue of a Bulgarian Citizenship Certificate that allows the investor to get a Bulgarian passport Standard Track 1 investment of ~€ 500,000.00 Bulgarian Residence-to-Citizenship by Investment We’ve already mentioned that the Bulgarian residence-to-citizenship program isn’t like other comparable programs. Looking to obtain EU citizenship by investment in 2020? You can double your investment to get your passport within 2 years. During the second half of 2019, the critics from the EC against the EU investment citizenship and residency programs intensified. It is indeed much more profitable to assist with the purchase of multi-million Euro real estate purchase in Cyprus, rather than having the customer buy Eurobonds (directly through his own bank). Permanent lifetime citizenship in the European Union. How to Apply for Bulgaria Citizenship by Investment? The money can be invested in one or more options at the same time. It may, technically, not be right to call it a citizenship by investment program. Read more. It is possible to acquire Bulgarian citizenship by investing 1 million euro in Bulgarian state … Three current options will be abolished. November 2, 2020. Bulgaria passport offers visa free travel to over 170 countries including Canada. Maltese citizenship is granted for a direct investment of from €800,000. The Bulgaria citizenship by investment program is active and running and the government has committed to. 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). The truth is that the Bulgarian CBI program is good for one person only – you, the prospective Bulgarian citizenship candidate. How to obtain Bulgarian citizenship in 2020 The investor first obtains a permanent residence status in exchange for an investment of BGN 1 million or about €512,000. The foreigner receives a residence permit in the country, and after a year or three years, applies for citizenship. The second route offered in Bulgaria’s investor program for residence and citizenship is the financed investment scheme: Here, you make an investment of 195,000 euros, which is used to finance a loan from a Bulgarian chartered bank to purchase government bonds for five-years. 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. However, it is not yet clear when they will be allowed to apply for citizenship. A foreigner who wishes to invest in Bulgaria and obtain a permanent residence permit and later to acquire Bulgarian citizenship by investment, has several options to choose between. Bulgarian Citizenship by Investment has two options for Investment. It is sufficient for a participant in the residence permit programme to spend 7 days a year in Portugal. The advantages of the "Bulgarian Citizenship by Investment" program Unlimited residency, working & political rights EU-wide (and beyond) One of the major innovations established by the Treaty of Maastricht on European Union is the creation of European citizenship over and above national citizenship. Contact us for more information on alternative EU Citizenship By Investment Programs in 2020. Undoubtedly, the most favorable EU investment citizenship. No citizenship tests. In order to obtain a passport, it is necessary to prove a basic knowledge of the Portuguese language. 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