Published by immigration4ever on November 2, 2020. Full citizenship vs residence permit (aka “golden visa”) 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. Our representative about the Bulgarian Citizenship by Investment program during the International Expo at the Hyatt Regency in Kiev 2016. Obtain Bulgarian Passport. 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. The draft may change significantly before it is finally law, or may indeed be rejected, leaving the law as is. Kimpton Kawana Bay Launches Sales of the Last Units in the Final Phase Guaranteed investment in government bonds and available financing options. 14a (1), p.1 (a) of the “Law for the Bulgarian citizenship.” Bulgaria grants citizenship after 2 year of maintaining the investment with permanent resident status. 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.However, you should know that there is no accrued interest for the investment but it’s an investment guaranteed by government bond. This can be accomplished through different types of investment options including real estate, government bonds, establishing a business, development programs, etc. While still operational, the citizenship by investment program in Cyprus gave you several investment options… but at €2,150,000 (plus V.A.T), it comes at a heftier price than Malta’s. The investment is fully guaranteed by the government bonds. With the Standard Track you can obtain a second passport in 6 years in exchange for a minimum investment of €512,000. No requirement to reside in Bulgaria. Latest news. 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. The investors must invest in bonds, obtain a PR, and keep the investment for a while. The Bulgarian citizenship by investment program is a two-staged process. “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. April 26, 2020. 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 citizenship by investment program is a two-stage procedure: The first stage is a permanent residency card application, subject to an investment of minimum 512,000 euros. Since it’s really a hybrid program, not many people linger in the permanent resident stage. Bulgaria Citizenship by Investment Updated on Friday 22nd May 2020 . Why and how to get Bulgarian citizenship by investment. Your options from €195k in 2020 (2 METHODS) June 3, 2020 March 26, 2019 by . 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. You are not required to live in Bulgaria or visit Bulgaria to keep your Bulgaria passport. The money can be invested in one or more options at the same time. 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). You can live, as an Bulgaria citizen, wherever you want. 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. Financing options are available to qualified applicants. We are now part of Yellow network. Latest news and updates from the citizenship by investment industry. To start with, you can read more about the current conditions of the investment citizenship program at the website of Bulgarian-citizenship.org. Bulgaria Citizenship by Investment. 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. Here are some latest updates. The Bulgarian Residency Program was introduced in 2009. The Bulgarian Citizenship by Investments Program (CIP) is about to remain the only one in the Read More 22.10.2020 bulgarian passport , buy citizenship , CBI , CIP , citizenship by investment , EU citizenship W hen you acquire citizenship under the Bulgaria Citizenship by Investment Program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent. No language test for residence or citizenship. Cyprus has announced it has already submitted application to join schengen and will also likely get a visa waiver to United States under Visa waiver Program (VWP). 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. Free movement within the Schengen countries after Bulgaria becomes a … Eligible for citizenship after 5 years (fast-track option is available). How? Hold a second additional investment for a period of two years. Undoubtedly, the most favorable EU investment citizenship. Bulgaria residency and citizenship by investment. Economic citizenship is essentially the same thing as citizenship by investment. The Bulgarian CBI Program is an attractive opportunity for foreign investors and wealthy individuals to enjoy visa-free access or visa-on-arrival access to 157 countries and territories, Bulgarian citizenship for … 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 98 foreigners granted Bulgarian citizenship for investments Different Countries are offering Citizenship through Investment program which allows an applicant to gain the citizenship of country by investing in form of Donation or Real Estate Investment specific amount which help in forwarding country economic, infrastructural and development initiatives. It’s a way to obtain a second citizenship and passport in another country by investing in its economy. Please find answers for some of the important questions below provided by the Bulgarian lawyer we work with. Bulgarian Citizenship by Investment. Bulgarian Citizenship Process: Once residency status has been held for a period of 12 months, the immigrant investor can apply for Bulgarian citizenship, provided that the initial eligible investment of €512,000 has been doubled to €1,024,000. If the investor doubles the investment in Year 2, he/ she will qualify under the fast track Bulgarian citizenship program and may obtain Bulgarian citizenship and passport within 18 months of making the first investment. This guide will cover the following: Legal Basis for the Bulgarian Citizenship by Investment Program; New requirements about certificates of no criminal record What is happening with Bulgaria investor citizenship scheme in 2020? So, those are the steps you need to take to secure Bulgarian citizenship and an EU passport through Bulgaria’s investor program for residence and 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. The biggest draw of the Bulgarian residence-to-citizenship investment program is that it is the fastest way to obtain a European citizenship besides citizenship by investment. Cyprus citizenship by investment program is being abolished from Nov 1, 2020 according to a decision by council of ministers due to widespread abuse of the program. The process for obtaining a Bulgarian investment passport typically takes 2 years. It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. Bulgaria residence program can lead to Bulgarian citizenship. We specialise in Golden Visas and economic citizenship programmes, and collaborate with only the finest immigration experts across 20 countries to bring you only the finest investment migration solutions. On Friday, 22 March 2019, the Bulgarian Government published a draft Bill with proposed changes relating to Bulgarian citizenship by investment (CBI). While Cyprus’ investment citizenship program has been suspended, its residency by investment program, or “Golden Visa”, remains intact. The second stage is the citizenship application. In this ultimate guide, we will tell you everything that you need to know about the amendments in the Bulgarian citizenship by Investment 2019. In our current article we have tried to answer the most frequently asked questions by our clients, related to obtaining Bulgarian citizenship through investment. February 16, 2020. Golden Visas gives immigrant investors access to some of Europe’s best investment citizenship programmes, including the Bulgarian, Cypriot and Moldovan investment passports. Fast-track Bulgarian Citizenship by investment. A lot of confusion remains with the Bulgarian citizenship by investment program (BCBI) open or not in 2020. Bond investors in the Bulgarian residency programme can apply for Bulgarian citizenship after 5 years. Bulgarian Citizenship by Investment 2019. The procedures are governed by the Bulgarian Law for the foreigners in Bulgaria and the Law for the Bulgarian citizenship. a) A foreign person can obtain Bulgarian citizenship, subject to compliance with art.12, par.1, p.1 and 3, if he or she has been granted “permanent residence” status in Bulgaria at least one year earlier under the terms of art.25, par.1, p.6 or 7 of the “Law for the Foreigners in Bulgaria” (these are the investment … And available financing options possible to fast track the citizenship option by increasing the investment for a period of years. Amount a further €511,292 why and how to get Bulgarian citizenship for investments Fast-track Bulgarian citizenship by 2019. Fast-Track option is available ) and keep the investment citizenship program at the website of Bulgarian-citizenship.org current conditions the... 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