What are the options for obtaining a Bulgarian Passport and Citizenship
A common question we receive on our website and through our contacts. What are the options for obtaining a Bulgarian Passport.
Being a lawyers corporation with 21 years of experience in the field we would like briefly describe the opportunities available for obtaining a Bulgarian Passport or a Bulgarian permanent residence.
There are three options and each one will be described below in detail:
I. Investment in a Real Estate Property in amount of 600 000 BGN (approx. 305 000 EUR)
The investor registers a company in Bulgaria where he owns minimum 51% of the shares.
The company then purchases a real estate property for the amount of 600 000BGN (approx. 305 000 EUR). On the basis of this investment the individual can apply for a long term residence.
II. Permanent Residence and a Bulgarian Passport through investment in Bulgarian government bonds.
The investor invests the amount of 1 000 000 BGN (ca. 512 000 EUR) into Bulgarian government bonds.
On the basis of the investment the investor is given a permanent residence status. At this point the investment is doubled for another 1 000 000 BGN (ca. 512 000 EUR) and in ca.2 years from the first investment the client receives a Bulgarian Passport and citizenship.
III. The third option is to open a company with a minimum of 10 Bulgarian employees on its payroll.
After incorporation a company with a minimum of 10 Bulgarian employees you are allowed to bring one foreign worker that will be granted a residency status in Bulgaria.
IV. The fourth option is to form a Bulgarian Company whose shares are not traded on the regulated stock exchange market, for with a registered capital equal to or greater than 6 000 000 BGN.
We at Legacon can provide you with full assistance in the process, legal representation and preparation for all legal procedures and documentation drawing on 20 years of experience.