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. ... – A Certificate from the State Agency for Foreign Investment for the done investment in the country’s economy for the amount of over 750 000 EUR. Who qualifies for a Bulgarian temporary residence permit? Long-term residence status is one of the possibilities that Bulgaria provides to foreigners – third-country nationals, since 2011. the applicant for Visa D has to provide evidence that he or she has sufficient funds of subsistence , without relying on Bulgarian social system. Non-EU citizens who are retired in their home country can apply for a Bulgarian Pensioner D visa and temporary residence permit. Art.40 of the Bulgarian Law on the Foreigners clearly stipulates the hypotheses when the residence permit will be revoked (after a divorce). Permanent Residence Permit via Investment in Bulgarian Government Bonds. specialised documents for the family members of an original holder. Your citizenship can also be fast-tracked within just two years for a higher investment amount. participating in the political process by registering and voting, joining the police force or military). The residence permit takes about 14 days to issue. You receive a Bulgarian ID card for non-EU nationals that allows multiple entries and stay in Bulgaria. – Investment of at least 500 000 Lev in local company, where the investor is a shareholder and owns not less than 50% of the raising capital, and assets of the same value have been acquired, together with 10 job positions opened for Bulgarian citizens for the term of the residence… Bulgarian Citizenship by Investment Program was introduced back in 2014 by changes in Bulgarian Citizenship Act and Foreigners in the Republic of Bulgaria Act and since then it has been offering different opportunities to foreign business investors to gain fast track Bulgarian citizenship in a … 24, sec. In discussions about the program, a number of questions tend to come up: Bulgaria Citizenship by Investment. The Bulgarian government bonds are 100% secure financial instruments with absolute liquidity. Holders of a Bulgarian D visa and residence permit can reside legally in Croatia, Cyprus, Romania and Serbia for 90 days in any 180 days period visa free. Double the investment by purchasing €512,000 in government bonds or in the capital of a Bulgarian company that is carrying out a Priority Investment Project (as defined in the Investment Promotion Act). Bulgaria: The latest Bill(s) and legal amendments of the Bulgarian Citizenship by Investment program.Read more.. Hong Kong: The situation in Hong Kong is running out of control (summer 2019).Bulgarian citizenship is a life saver. join a research group, are involved in a research project). This is an option different from continuous and permanent residence permits. After this, candidates immediately become eligible to apply for Bulgarian citizenship. This means that after holding a residence permit for at least 1 year, candidates who have made an initial investment of €512,000 can double their investment to the total amount of €1,024,000. You will submit your application to the National Migration Directorate in Bulgaria no later than 60 days before your long-term residency permit expires. Permanent residence gives the same rights as BG citizens, except voting. It is a status that allows for unrestricted travel within the territory of the European Union. There are 11 main RP document types in the country, with some possible variations, e.g. In exchange for a safe, state-guaranteed and fully refundable investment of 512,000 EUR, applicants from all nationalities can obtain permanent residence with only a single visit to Bulgaria. There’s contention among citizenship by investment practitioners regarding the residence/citizenship by investment program in Bulgaria. 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 Bulgaria is a EU and NATO member country in southeast of Europe, surrounded by Romania, Turkey, Serbia and Greece. Non-nationals wishing to obtain a continuous residence permit, permanent residence permit or work permit are subject to another set of rules and requirements. Investment in real estate property. A permit can be granted to family members of a Bulgarian citizen or foreign citizen residing in the country on an extended, long-term, or permanent residence permit under extraordinary circumstances. The investment is fully guaranteed by the government bonds. Under Article 53quater (5) of the Immigration Law, a foreign investor who has carried out an investment in a new or an existing company and has been granted a residence permit may request a business permit (autorisation d’établissement) to carry out artisanal, commercial or industrial activities or certain liberal professions (e.g. The Bulgarian program is stipulated in the articles of two important Bulgarian laws, namely the Law for Foreigners in the Republic of Bulgaria and the Law for the Bulgarian Citizenship. Permanent Residence in Bulgaria Permanent Residence by Investment in Government Bonds. In return a permanent residence permit issued and the person can live in Bulgaria for an indefinite period of time. You will be called to have your picture taken. There’s also a permit category for those investing in Bulgaria, but as the minimum investment is US$500,000, it won’t suit everyone! Permanent Residence Permit: In addition to the aforementioned investment, an alien may apply for a permanent residence permit if they have been legally and continuously resident in Bulgaria for 5 years and have not been absent for a cumulative period of more than 30 months. The Bulgarian residence is a precondtion to qualify for tax residency status in Bulgaria. Having a Bulgarian residence permit also grants you visa-free travel within the Schengen zone. After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. The required documents are published in Art. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. Long-term residence permit in Bulgaria . Art. The European Commission has sent a letter to Bulgaria expressing its concerns about the acquiring of citizenship by investment regime.. Brussels wants further details from Sofia. Investing is … The Bulgarian residency card will guarantee hassle-free visits to Bulgaria and other EU countries for British citizens after Brexit. Namely, these are: The long-term residence status will be cancelled immediately if the marriage with the Bulgarian citizen or the foreigner with permanent residence status is terminated (no matter when); Different types of residence permit are issued according to your status, including: pensioner, employee and; freelance professional. Long-term residence permits up to one year, and B. 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. 11, para. In our experience this is the easiest and economical way to get your visa and residence permit. Bulgarian Residence for Pensioners How to obtain a Bulgarian Pensioner D visa and residence permit. There is a fee of 500 BGN for the 1 year period. 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. The fees for non EU students: application fee- 10 leva (5 Euro), Residence permit for12 months- 500 leva (250 Euro), ID Card: 45 leva (22,5 Euro); Foreigners who have invested 600 000 BGN (306 776 EUR) in real estate in Bulgaria are eligible for residence permit. It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. The Bulgarian residence by investment program is not for everyone, but it is one of the easiest countries to get into in Europe. Extended Stay Residence in Bulgaria – this is the extended stay residence permit in Bulgaria for maximum of up to 1 year. 10 of the Foreigners in the Republic of Bulgaria Act. The Bulgarian legislation sets out some additional conditions for long-term residence permit. Read more.. Cyprus: The Cypriot CIP falls the first victim of the tightened regulations introduced by the EU authorities. Hold a second additional investment for a period of two years. A large part of our success is due to our ability to match the investor with the appropriate type of investment. Persons who have invested at least BGN 6 million in the capital of a Bulgarian company whose shares are not traded on a regulated market; Persons who have received a certificate for class investment / priority investment project. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. After investing, your residence will be granted in six to nine months. You can apply for family reunification for your non-EU family members. They are as follows: the foreigner should have provided an evidence for accommodation and paid health insurance contributions . Many reputable firms market the program as a CIP, others as a residency program, and others yet stay away from it entirely. Full assistance will be provided to obtain the status of cohabiting couple. I also add the most popular solutions for obtaining temporary or permanent residence permits even if they are not organized as official programs. The Investment Promotion Act (IPA) of Bulgaria regulates the trade representative office. Financing options are available to qualified applicants. Applicants, who are already visa D holders and intend to take part in research with Bulgarian-based company (e.g. Bulgarian law on immigration was significantly amended by the Republic of Bulgaria Act, which has some important implications for non-nationals. This earns you the same rights as a Bulgarian citizen, other than the right to vote. Residence permits in Bulgaria A. The temporary residence is a preconditon to apply for Bulgarian tax residency. It is also possible to apply for a 6-month period. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. The purchase of Bulgarian Government Bonds is the best option for candidates with funds available for such volume of investment. Bulgaria has an investor citizenship program which came into force in 2009, for foreign investors who invest significant amount of money in the economy of Bulgaria. A Bulgaria residence permit card is a document the indicates that its holder has the right to live in Bulgaria. Later you can apply for a Bulgarian residence permit. 25 (1) of the Law for Foreigners in the Republic of Bulgaria states that a Permit for permanent residence may be obtained by a … Among the foreigners who do not require work permits are: Foreigners with long-term or permanent residence in Bulgaria; This makes it an attractive option for someone looking to add an EU residence and an eventual passport to their portfolio without any cumbersome language or … Bulgarian legislation considers cohabiting couples as a family. This list contains ALL residency by investment programs and retirement schemes and solutions. After five consecutive years of long-term residence, you can apply for permanent residence abroad in Bulgaria. The annual revenue is between 1 and 3%. ... As a holder of a Bulgarian residence permit, your family members may apply for Family D-Type visas. Immigration law. For unrestricted travel within the Schengen zone revenue is between 1 and 3 % is possible. 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