Bulgaria Residency - IPC

Bulgaria Residency

THE FASTEST AND EASIEST WAY TO GET RESIDENCY PERMIT

BULGARIA PERMANENT RESIDENCY:

  • Investment of €511,292 for permanent residency
  • Risk-free investment in government bonds
  • Full family residency
  • Flexible. No requirement to reside
  • No language requirement
  • Capital repaid after 5 years
  • Bond can be financed (reducing outlay)
  • Time to Permanent Residency – 6 months
  • Time to Bulgarian Citizenship – 60 months
  • Holders of Bulgarian permanent residency can work in Bulgaria without a work permit
  • Non-EU nationals and their families (spouse and minor children) can obtain Permanent Residence in Bulgaria. It should be noted that permanent residence gives the same rights as Bulgarian citizens, except voting
  • Holding Bulgarian permanent residence for five years entitles you to apply for Bulgarian citizenship
  • Opportunity to become resident of the European Union. Easy access to EU countries – no visa requirement
  • Holding a permanent residence, the foreign national is entitled to enter and leave the country as many times as they wish without visas
  • The permanent residence status gives its holders the right to freely enter and leave Bulgaria and reside in the country. At the same time, the foreigner does not lose his permanent residence status if he does not stay physically in Bulgaria

WHY BULGARIA:

  • Sunny Beach, one of the country’s most popular beach resorts on the Black Sea, has been named the cheapest beach getaway in Europe for the fourth time in four years
  • Approximately a third of Bulgaria’s 378km Black Sea coast is made up of golden, sandy beaches. Along with it, you will find some charming coastal outcrops, such as Nessebar, the “Pearl of the Black Sea” and a Unesco World Heritage site
  • Bulgaria is famous for Mountain Skiing. 19 Ski resorts
  • Member of the European Union since 2007, NATO and WTO
  • Low country risk and ease of movement through the EU
  • Low labor cost and lowest operating costs in Europe
  • Well-developed educational system specializing in electronics, mathematical science, engineering and computer sciences
  • Over 15 Universities offering majors in ICT
  • Over 5000 students get a degree in IT from Universities in Bulgaria each year
  • A skilled and qualified workforce with English, French and German Language skills
  • Ranked 8th in the world in 2002 by a total number of ICT specialists
  • Ranked as 3rd in the world for certified IT professionals per capita
  • In the 1980s Bulgaria became known as the Silicon Valley of the Eastern Bloc
  • Leading multinational companies, such as SAP, HP, Apple, Cisco, Atos, VMware, Johnson Controls, Microsoft, IBM and Oracle have set up regional technology development centers and sales offices in Bulgaria
  • Bulgaria is 5th in the world and 3rd in Europe in broadband quality (Annual Broadband Study by Cisco, 2010)
  • Strong NGOs in the IT sector, such as BASSCOM, ICT Cluster Bulgaria, Bulgarian web associate, bait, the Bulgarian Outsourcing Association etc.
  • Bulgaria ranks second in the world in IQ tests
  • Lowest Corporate tax rates 10% and free-trade environment within the EU.
  • European Union member since 2007

ABOUT BULGARIA:

  • Official Name: Republic of Bulgaria
  • A Form of Government: parliamentary
  • Capital: Sofia
  • Population: 7.036.848
  • Official Language: Bulgarian
  • Currency: lev
  • Area: 110,994 km2
  • Education: Bulgarian language
  • Culture: mixed of (Bulgarian, Armenians, Turks and Gypsies)
  • Environment: forest
  • Health Care: low quality (46th world wide)
  • Taxation: lowest in EU
  • Tourism: not that high its construction country
  • Weather: hot summers, long, cold winters
  • Politics: Politically not stable
  • Schengen: No (Expected)
  • Religion: Orthodox

QUALIFICATION CRITERIA:

  • The Bulgarian fast-track procedure provides for an instant permanent residence status if the foreigner makes an investment in Bulgaria in any of the following forms:
  • Investment of over BGN 1,000,000 (app. EUR 512,000) in a licensed credit institution in Bulgaria for the acquisition of Government Bonds for a period of at least 5 years provided that the deposit is not used to guarantee other loans extended by a Bulgarian credit institution
  • Bulgarian intellectual property – copyrights, patents, trademarks, etc, or
  • shares in publicly traded Bulgarian companies, or
  • debentures and treasury bonds as well as derivatives thereof issued by the Bulgarian State or the municipalities with a remaining term until maturity no less than 6 months, or
  • concession rights in the territory of Bulgaria, or
  • ownership in the property of a Bulgarian company with at least 50% State of municipality holding pursuant to the Bulgarian Privatization and Post-Privatization Control Act, or
  • shares or stock in a Bulgarian company held by the State or the municipalities pursuant to the Bulgarian Privatization and Post-Privatization Control Act
  • The above-mentioned forms of investment in Bulgaria entitle to a Bulgarian permanent residence status not only the foreigners making the investment but also their family members
  • All-in Handling Fee in EUR (Non-refundable) – 25,000 EUR including all state & legal fees related to obtaining PR and Citizenship.
  • Handling Fee in EUR Dependents – 0 EUR the fees for the family members are included in our fee for the main applicant.
  • Be a non-EU citizen
  • Possess a valid passport or another foreign travel document
  • Provide documents supporting the source and origin of invested funds
  • Hold no criminal record
  • Attest to the power of attorneys and the investment agreement
  • Make the minimum statutory trips to Bulgaria
  • Be over 18 years old
  • Must have maintained permanent resident status and a valid residential address for the past five years
  • Must have never been sentenced by a Bulgarian court for a capital offense or accused in criminal proceedings for such a crime (unless he/she has been rehabilitated)

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