We have a wide range of experience dealing with all the different options for every client. Updated "Applying for Bulgarian citizenship" section: permanent residence required for 5 years in order to apply. Benefits of obtaining a Bulgarian ID card and Bulgarian residence for European citizens. The Bulgarian Citizenship Investor 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 family members, and many other benefits. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. minimum amount of the contribution is 250 000 BGN; open -up of minimum 5 job positions for Bulgarian citizens maintained for the duration of the stay. Conditional tax exemption on world income. GUIDANCE. What are the benefits of getting a Bulgarian temporary residence permit?. 11820-A/2012, …, The Golden Visa programme was introduced on the island of Malta in 2015 by Law no. Attest the power of attorneys and the investment agreement. To qualify for residency or citizenship, applicants must fulfill one of the investment options below in addition to meeting the following criteria: Applicants choosing this option must deposit BGN 1 million (€511,292) in a Governmental Bond Portfolio for an investment period of five years with no further payment required. The status of a person who has permanent residence or citizenship in Bulgaria automatically entitles his family members - spouses and children - to apply for permanent residence or citizenship. Ownership of real estate on the territory of Bulgaria, as ownership may also have been acquired through a Bulgarian commercial company in which the foreigner has more than 50 per cent of the Bulgaria is a balkan country encompassing black sea coastline. Protected in Bulgarian legislation 1. Bulgaria offers many valuable benefits:-Low income tax rate of 10%; Corporation tax rate of 10%; Access to skilled workers; Financially stable economy; Free trade environment within the EU; Our government approved property based investment program is the ideal way to secure permanent residency and EU citizenship. Benefits and advantages of obtaining residence permit in Bulgaria November 5, 2016 Bulgaria is a country-member of the European Union and provides a good business environment for starting your own projects and enjoying low tax burdens. Yes. If you get an EU long-term residence permit, you will enjoy almost the same rights as the nationals of the country you are living in. National visas and residence permits issued by Bulgaria will be recognized by Romania, Cyprus and Croatia, and vice versa . Prior to applying for a Permanent Residence Permit in Bulgaria, applicants must obtain a visa at a Bulgarian Consulate abroad. The first step to obtaining a permanent residence is to get a long term stay permit, which is valid for 1 year and is renewed each year. Free movement within the Schengen zone after Bulgaria becomes a member state. 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). If you don’t have settled status or pre-settled status you’ll need to show you have a right to reside to claim benefits. Visa-free travel or visa-on-arrival travel to more than 157 countries and territories. From a free and pure vision of cruising, the Oceanis 58 offers a life in perfect symbiosis with the sea. Key Features. Benefits for Citizens. The requirements for this option are as follows: Financing options are available to qualified applicants. ILA is not just a traditional law firm, but deals with the design of the business plan, both in the corporate field and in real estate. Once the Permanent residence is approved, the applicant will then make a second trip to Bulgaria for the submission of Application for Bulgarian PR card. This Palmer Johnson was built in 2015. Learn more about Bulgarian Permanent Residence Program. ... Holders of a Bulgarian residence permit can travel legally to Romania, Croatia and Cyprus for 90 days in any 180 days period without visa. 1.1 Has any guidance been issued on how UK nationals can obtain settled residence status and permission to work from 1 January 2021 and what proof of residence is needed for current residents to maintain their status?. You will also be able to enter and leave the country as many times as you wish without visas. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. Getting Bulgarian residence will give you all rights of a Bulgarian citizen except the right to vote. Bulgaria has borders with Greece, Romania, Serbia, Turkey and Macedonia. You get your Bulgarian citizenship after a maximum of 5 years. The process of obtaining residence permit is fast and does not take too much time (as long as the legal criteria have been met by the applicant). Recently there are many international companies within the IT sphere, which have opened offices in Bulgaria and are doing business here. Families in which one of the parents is a Bulgarian citizen for their children with Bulgarian citizenship, living in Bulgaria; Pregnant women who are foreign citizens and families of foreign citizens who have permanent residence and raise their children in Bulgaria; In … At the end of the five-year period, the full amount will be returned to the investor without any accrued interest. Contribution to the capital of a Bulgarian commercial company, in which the foreigner has at least 50 per cent of the capital and the company invests in economically disadvantaged regions under the Investment Promotion Act will give him a long-term residence permit for 1 year. Your Bulgarian ID card can be extended for up to 5 years and foreigners can later apply for permanent residence … 26 bis of Legislative Decree 286/98 …, The procedure for foreign subjects wishing to obtain an investor’s visa in Spain is fully regulated by Law 14/13 …, The amendment of Greece’s Golden Visa regulations was introduced by Law 4251/2015 …, The Golden Visa program was introduced in Portugal through Law 29/2012 and regulation no. 288/2015 …. Back to top, Golden Visa European Stock and Bond Market Web Organization. The Investor Program for Residence and Citizenship in Bulgaria helps get you there faster with the following benefits: Offered in accordance with the Foreigners in the Republic of Bulgaria Act, the Investor Program for Residence and Citizenship includes a fast-track citizenship option. Benefits for Permanent Residents. The most important condition to be respected in this case is the company to hire 10Bulgarian citisens on full-time jobs maintained for the duration of the stay, this requirement should be available for each partner of the company individually. The long-term EU residence permit has a validity period of five years and can be renewed. Some of the benefits of the Bulgarian residence status Persons who have acquired long-term resident status will enjoy equal treatment with nationals in regard to (when applicable): access to paid and unpaid employment, conditions of employment and working conditions (working hours, health and safety standards, holiday entitlements, remuneration and dismissal); Main industries are sectors are energy, mining, metallurgy, machine building, agriculture and tourism. There are many types of residence permits in Bulgaria and it depends on your visa and extended stay requirements to determine which type of residence card will you need. Has a length 37m / 120ft, beam 7.6m / 27ft, engines 2 x MTU 4000 series and... Laglio, one-of-a-kind pied-dans-l’eau property – Villas: 2,500 sqm – Garden: 3,300 sqm – Outdoor pool: 75 sqm – Guest aparment: 100 sqm – Total... Modern eight story structure offers a contemporary mixed-use building with 207 one, two and three bedroom apartments. The right to acquire land in Bulgaria and a number of other EU countries which may otherwise restrict access to foreign nationals. On top of the above, the local airports connect the country with the rest of the world quickly and easily with many attractive flight rates. In this case the foreigner will obtain the right to reside in Bulgaria for a non-determined period. Hold a second additional investment for a period of two years. However, in line with EC law, for a transitional period, the UK is allowed to limit access to both work and benefits. You may be interested also in the following articles: Receiving residency permit for Bulgaria through registration of Representative office of foreign company, Frequently asked questions: Registration of trade representative office in Bulgaria – visa D and residence permit, Acquiring Bulgarian citizenship by foreigners, BULGARIAN CITIZENSHIP. Bulgaria is also a member of a member of the European Union, NATO and European Council. Bulgaria is the one of the youngest EU member states and is highlighted by diverse culture and green landscapes. The Investment is fully guaranteed by the government bonds. Citizenship by funding programmes will grant fast citizenship to candidates and their households. ILA offers ready-made investment projects for customers and deals with the construction and renovation of luxury properties, in the most prestigious areas of the country, with a very high income capacity. Holding a temporary residence permit for 5 years, you are eligible to apply for a Bulgarian permanent residence permit; Foreign nationals who hold Bulgarian permanent residence and reside in Bulgaria for 183 days annually in any 60 months period can apply for a Bulgarian citizenship by naturalization; You enjoy a relaxed visa application process among Schengen Area countries; Free movement within the Schengen zone after Bulgaria becomes a member state. Unrestricted right to live, work and study in Europe. Must have never been sentenced by a Bulgarian court for a capital offence or accused in criminal proceedings for such a crime (unless he/she has been rehabilitated). In addition, qualified and experienced labor hand could be hired at reasonable wages too. The main benefits that come from an EU permanent residence card are: You will have access to … Residence certificates if you have a right to live, work and in. Years and can be made for permanent residence is granted for a of! 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