{"id":17160,"date":"2017-09-07T08:38:09","date_gmt":"2017-09-07T12:38:09","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=17160"},"modified":"2020-09-19T09:05:43","modified_gmt":"2020-09-19T14:05:43","slug":"residency-options-bulgaria","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/residency-options-bulgaria\/","title":{"rendered":"Residency Options in Bulgaria"},"content":{"rendered":"
A younger member of the EU, Bulgaria is home to a rich and diverse culture, pleasant climate, and an attractive location in southeastern Europe. There are an estimated 58,000 foreigners living in Bulgaria today. There are numerous expat communities, and that number is only growing. Low property prices and a relaxed lifestyle are attracting people from all over the world.\u00a0 Let’s chat about the residency options in Bulgaria.<\/strong><\/p>\n Clearly, for EU citizens, the process of gaining residency is going to much easier and requires less paperwork. Here, I\u2019ve presented the options and requirements as a non-EU citizen to achieve residency abroad in Bulgaria. Most people who achieve residency or citizenship do so through investment. Bulgaria has many opportunities to do so, whether it\u2019s through buying property or investing in a company.<\/span><\/p>\n <\/p>\n Before gaining residency, you will need to apply for a long stay D-visa (a C-visa is for a short stay). For this, you will need to prove income, accommodations, medical insurance, and other documents, such as your passport. With this visa, you are permitted to leave and re-enter the country within the validity terms. <\/span><\/p>\n There are two different types of D-visa. One of the types allows for a stay of 180 days for those who wish to settle long-term in the country, allowing time to obtain residency. The second is for a stay of up to 360 days, issued to foreign students or those conducting research.<\/span><\/p>\n <\/p>\n Those granted extended residence have all the rights and obligations of a Bulgarian citizen. The permit is valid for one year and can be renewed. The permit holder may change his or her place of residence and leave and re-enter the country. Those who apply for extended residence usually fall into one of the following categories:<\/span><\/p>\n <\/p>\n Long-term residence permits are issued for one year for non-EU citizens and can be renewed. As a non-EU citizen looking to obtain Bulgarian long-term residence<\/a>, you must submit your application in your home country to the Bulgarian consular representative. You may be granted long-term residence for the following reasons:<\/span><\/p>\n When you apply for the permit, you will need to prove you have sufficient means to support yourself, a place to stay, and a valid passport.<\/span><\/p>\n <\/p>\n After five consecutive years of long-term residence, you can apply for permanent residence abroad in Bulgaria. This earns you the same rights as a Bulgarian citizen, other than the right to vote. You will submit your application to the National Migration Directorate in Bulgaria no later than 60 days before your long-term residency permit expires.<\/span><\/p>\n <\/p>\n The most popular, and probably the easiest, way foreigners achieve residency in Bulgaria is through investment. <\/span><\/p>\n Full Investment<\/span><\/i>:<\/span><\/i><\/p>\n One investment type is called full investment. This requires applicants to deposit BGN 1 million ($609,236 USD) in a Government Bond Portfolio for an investment period of five years. There is no further payment required. After five years, the full amount is returned to the investor.<\/span><\/p>\n Financed Investment:<\/span><\/i><\/p>\n This option allows you to finance the required investment amount through a European bank. The investor pays a reduced price of BGN 380,970 ($231,786), used to finance a BGN 1 million loan. The investment is not returned at the end of the five year period in this option.<\/span><\/p>\n <\/p>\n As a Bulgarian citizen you will have unrestricted rights to live, work, and study in Europe. You will also have the right to own land in any European Union country. <\/span><\/p>\n As stated in the Bulgarian Citizenship act, foreigners who hold permanent residence of five years are eligible to apply for citizenship. Applicants must be:<\/span><\/p>\n If you want to speed up the citizenship process, you have the option to double your investment. This option allows you citizenship after one year of permanent residency. To qualify, you must double your investment by purchasing roughly BGN 1 million in government bonds or in capital of a Bulgarian company that is carrying out a Priority Investment Project <\/span>and<\/span><\/i> hold a second additional investment for a period of two years.\u00a0<\/span><\/p>\n Here is<\/b> probably the most extensive article on <\/b>Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments<\/i><\/b>. It is called<\/b> The Ultimate Guide To Going Offshore<\/b><\/a>.\u00a0 You can download this epic post for your personal library.<\/b><\/p>\n I hope you\u2019ve found this article on<\/b> Residency Options in Bulgaria <\/b>to be helpful. For more information, or for assistance with residency in Bulgaria or elsewhere, please contact us<\/b> HERE<\/b><\/a> today!<\/b><\/p>\n Here are a few articles on Bulgaria that you may enjoy reading!<\/b><\/p>\n Retire in Bulgaria<\/b><\/a><\/p>\n Work In Bulgaria<\/b><\/a><\/p>\n Invest in Bulgaria<\/b><\/a><\/p>\n 10 Places To Explore in Bulgaria<\/b><\/a><\/p>\nD-Visa <\/b><\/h2>\n
Extended Residence<\/b><\/h2>\n
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Long-Term Residence Permit<\/b><\/h2>\n
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Permanent Residence Permit<\/b><\/h2>\n
Investor Programs<\/b><\/h2>\n
Citizenship<\/b><\/h2>\n
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