... Our government has yet to do its homework in 2020 in order to spread the word about the Bulgarian program. In this case, the investor may apply for permanent residence. Now the citizenship can be applied for after one year under the accelerated procedure or after 5 years under the naturalisation procedure. Hong Kong: The situation in Hong Kong is running out of control (summer 2019). Basically, the international agents that offer citizenship and residency services of other countries were those who were criticizing the program the most. If the application is approved, the foreigner fulfils the investment conditions and becomes a citizen of the country. Permanent residency issued within months. Whether it will still be possible to sell the shares or the business after 4 years is unknown. So what were all these rumors propagating? EU citizenship is in great demand due to Brexit and decline in US passport power driving many high profile persons to … Read more. A participant of the programme doesn’t have to take the Bulgarian language test when applying for citizenship. The Bulgarian government has no plans to close the programme but is preparing to change the conditions as recommended by the European Commission. It is possible to acquire Bulgarian citizenship by investing 1 million euro in Bulgarian state … But not only the rich can qualify for Bulgarian citizenship (by investment). 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). Bulgaria Citizenship by Investment. Copyright © 2021 Immigrant Invest. 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 The income from selling residence in exchange for investment is unknown. The changes are expected to take effect at the beginning of 2021. The relevant provisions date to late 2013, as amended. Standard Track – Lv 1,000,000 (approximately € 513,000); Bulgaria Citizenship by Investment Updated on Friday 22nd May 2020 . To apply for Bulgaria citizenship through investment, you need to first achieve at least one year residency in Bulgaria, then deposit the minimum of BGN 1 million (€512,000) into the Bulgaria government bond program for a period of 5 years. For more specific questions, we recommend getting in touch with us through the contact section from the main menu above. 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). Citizenship by Investment Countries. The minimum investment amount for the programme is €250,000. Bulgaria. May 27, 2020 Pre-application for Bulgarian visa D and residency permit through marriage January 16, 2019 April 26, 2020. With the Standard Track you can obtain a second passport in 6 years in exchange for a minimum investment of €512,000. 14a (1), p.1 (a) of the “Law for the Bulgarian citizenship.” Here are some latest updates. In order to obtain a passport, it is necessary to prove a basic knowledge of the Portuguese language. The truth is that the Bulgarian CBI program is good for one person only â you, the prospective Bulgarian citizenship candidate. Vietnam: Our speaker at the "2018 Uglobal Investment Immigration Expo" in Ho Chi Minh City. 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. A lot of confusion remains with the Bulgarian citizenship by investment program (BCBI) open or not in 2020. Benefits of Bulgarian Citizenship Lifetime European citizenship for the whole family and next generations. Each country that offers citizenship by investment has a clearly outlined program that has been authorized by its government.. Bulgarian citizenship by investment - 2019 update! Fast Track Bulgarian citizenship and passport by Investment In exchange for a safe, state-guaranteed and fully refundable investment of 1,024,000 EUR, applicants of all nationalities can obtain Bulgarian citizenship and passport. Read more. In order to participate in the programme, according to the current rules, you have to buy government bonds, to invest money in shares of Bulgarian companies, to buy patents or to open a deposit in a bank. The Investor Program for Residence and Citizenship in Bulgaria helps get you there faster with the following benefits: Residency within six to nine months. No citizenship tests. Under the new rules, the investor also has to first obtain a permanent residence permit in the country. 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. Citizenship will be granted after a permanent residence permit. 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. ... (2020) – $10,133. All rights reserved. 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). - Fyodor Dostoevsky. 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. If you wish to obtain citizenship in an EU country, seek expert consultation from the investment programmes. These are the only two active citizenship by investment schemes in European Union. Which passport is more valuable, the Bulgarian or the Cypriot? No Bulgarian language tests. As one of the youngest EU member states, Bulgaria boasts a rich and diverse culture, temperate climate, and ideal location in Southeast Europe. Bulgarian Citizenship by Investment Program continues its operation in 2020 and is still among the few in European Union offering fast track-citizenship. Looking to obtain EU citizenship by investment in 2020? within the EU, the EEA, and Switzerland. The money can be invested in one or more options at the same time. CBI attracts Businesses to St Kitts and Nevis ... December 29, 2020 Read more. 25 c of the Foreigners in Bulgaria Act /FBA/ and art.12a or 14a of the Bulgarian Citizenship Act /BCA/. All sort of things like the Bulgarian program is cancelled, which was later transformed to the Bulgarian program will be cancelled. Basically, the international agents that offer citizenship and residency services of other countries were those who … Freedom of movement rights. However, if an investor applies for citizenship under the accelerated procedure, the period of investment ownership is reduced by one year. | XML SITEMAP |, Bulgarian citizenship by investment (fast-track). Bulgaria boasts a rich and diverse culture, temperate climate, and ideal location in Southeast Europe The changes are aimed at keeping investments in the economy longer. 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. The Bulgarian Citizenship by Investment Program offers straightforward routes to acquiring European Citizenship for the entire family with freedoms to live, work and study in any of the 28 EU member states. No Bulgarian language tests. 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. November 2, 2020. No citizenship tests. For those interested in second residency or passport services, you can email me at advice@adamfayed.com or contact me on the search function below. Cyprus: The Cypriot CIP falls the first victim of the tightened regulations introduced by the EU authorities. And with its Citizenship by Investment program, Bulgaria is definitely the best choice. Vietnam: Our participation at the "2018 Fall EB-5 Expo" in Ho Chi Minh, Vietnam. This article will discuss the difference between residency and citizenship and how to get new residencies and passports by investment in 2020. Bulgaria passport offers visa free travel to over 170 countries including Canada. Bulgarian citizenship by investment is available for you through a secure investment of 512,000 euro into government bonds. The money can be invested in one or more options at the same time. 8. The Bulgaria Citizenship by Investment Program is a two-stage procedure. EUR 1 million. January 20, 2021 Read more. The foreigner receives a residence permit in the country, and after a year or three years, applies for citizenship. No requirement to permanently live in the Country. Video comparison between the Bulgarian and the Cypriot citizenship by investment programs. 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. 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. Gains (and losses) from the disposal of shares listed on the Bulgarian and EU/EEA stock exchanges are exempt. But the investor is allowed to spend no more than 10 months outside Greece during the last 5 years. Bulgaria. Permanent residence in the country is not obligatory either. ... 2020 Read more. 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. 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. The main idea for launching Bulgarian-Citizenship.com is to facilitate the efforts of the Bulgarian government to handle the negative impact on the demographic crisis in Bulgaria. However, the Bulgarian government declared its intention to strengthen the conditions of its CBI program. There is also a golden visa scheme in Bulgaria that attracts investors who want just residency. For many years now, the Bulgarian Citizenship by Investment program has been definitely the … The Bulgarian government revisited amendments to the Citizenship Act. Bulgarian Citizenship by Investment has two options for Investment. Immigrant Invest is a licensed agent of European citizenship and residence permit programmes for investments. Bulgarian Citizenship by Investment – updates 2020. "Taking a new step, uttering a new word, is what people fear most." The relevant provisions date to late 2013, as amended. Read how to get it by yourself. The minimum investment amount is 500 000 BGN or about 255 000 €. EU passport for family and children. If the application is approved, the foreigner fulfils the investment conditions and becomes a citizen of the country. The Citizenship by Investment program in Jordan is getting more popular among many Arab and foreign investors. increase the capital of a Bulgarian company by BGN 2 million, or approximately EUR 1 million. 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 citizenship by investment - 2020 update! the main steps to get bulgaria citizenship by investing: Steps to obtain Bulgarian citizenship by investment under the ordinary process or under the fast-track: Opening of a personal bank account, deposition the amount to be invested in government bonds and preparation of the set of documents for Investor D visa application. Citizenship and Investments LTD advises the Bulgarian Government... BCCI supports the Bulgarian Citizenship by Investment Program, The Cypriot CIP falls the first victim of the tightened EU regulations, Our participation at the "2018 Fall EB-5 Expo" in Ho Chi Minh, Vietnam, Our speaker at the "Emigration & Luxury Property" EXPO in China - 2018, Lecture in Hong Kong by our lawyer at the annual gathering on March 18, Our panellist at the "2018 Uglobal Investment Immigration Expo" in Vietnam, Rising number of US citizens applying for Bulgarian CBI, Bulgarian fast-track Citizenship vs other Countries Investment Citizenship Programs, More about the the eligibility of your investment - Government Bonds, EU Citizenship - do you need one? But we always try our best. A residence permit in Portugal for investment allows you to apply for citizenship after 5 years. Bulgaria is a part of the European Union, therefore with its passport, it is allowed to live, work and study in any state of the region without restrictions. Bulgarian citizenship is available after 60 months. January 20, 2021 Read more. The foreigner receives a residence permit in the country, and after a year or three years, applies for citizenship. In our current article we have tried to answer the most frequently asked questions by our clients, related to obtaining Bulgarian citizenship through investment. 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. Launched in 2009, the Bulgarian CIP was amended in 2013 with a view to make it more attractive to foreign investors. The main idea for launching Bulgarian-Citizenship.com is to facilitate the efforts of the Bulgarian government to handle the negative impact on the demographic crisis in Bulgaria. In the case of some countries, the process can be accelerated by first obtaining a residence permit for investment. Investment size. Source: Figures from Citizenship by Investment Units (CIU) Please note Bulgaria, Turkey, Samoa have not published official list of authorised agents for citizenship by investment. Usually presented as a citizenship by investment program, Bulgaria actually offers a residence by investment program with a fast-track option for citizenship. During the second half of 2019, the critics from the EC against the EU investment citizenship and residency programs intensified. If this condition is not met, the application for citizenship will only be accepted after 5 years. There have been a lot of rumors in the last two years about the Bulgarian Citizenship by Investment program. Citizenship by Investment: Investment Options: Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. 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