Citizenship or residency are available to qualified investors who contribute to the economy through an investment in government-approved assets or economic development initiatives. From 1 January 2021, UK nationals no longer benefit from Brexit transitional arrangements in relation to work and residence in Bulgaria. The long-term EU residence permit has a validity period of five years and can be renewed. Immigration. Bulgaria offers permanent residency through investment of €511,292 (BGN 1 million) in government bonds. When applying for a long-stay visa / permanent residency of Bulgaria, the applicant has to present the following list of documents: Visa application form Once the initial application and Investment is approved, Permanent Residency is granted. A foreign citizen who has made an investment in the country by deploying more than BGN 500,000 venture capital in a Bulgarian company. The interesting here is that after residing physically in the country for 48 months in the last five years on permanent residency, you are eligible to apply for a, Benefits of obtaining Permanent Residence in Bulgaria. 13 March 2019 We have updated the contact details you need to apply for an S1 form. Holders of Bulgarian permanent residency can work in Bulgaria without work permit; Non-EU nationals and their families (spouse and minor children) can obtain Permanent Residence in Bulgaria. He wants to apply for Bulgarian citizenship in 3 years. This earns you the same rights as a Bulgarian citizen, other than the right to vote. Holding a permanent residence the foreign national is entitled to enter and leave the country as many times as they wish without visas. Contact me with your query at tanya@visaforbulgaria.com and I’ll get in touch with you as soon as possible. This step includes the preparation of the set of Investor D visa application documents, confirmation certificate of investment in government bonds issued from the Bank and Investment certificate issued from the Bulgarian Investment Agency; Month 2 – The Investor applies for a D visa in the nearest Bulgarian embassy or general consulate. BULGARIA PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit: - Invest €512,000 (BGN 1 million) in Bulgarian Government bonds locked for 5 years and paid out with 0% interest The applicant can sell the bonds after five years. Our clients qualify for Permanent Residency via the Foreigners in the Republic of Bulgaria Act, Article 25 which was passed in August 2009 and ratified by the EU. copyrightable works, ideas, discoveries, inventions). The. Permanent Residence Permits. The cheapest route to residency by investment in Bulgaria is obtaining a long stay residence permit for a period no longer than 1 year, with an option for annual renewal for a total period of up to 5 years. Receive your Bulgaria citizenship and Bulgaria passport through an investment in the country. Long-term stay residence in Bulgaria . The government bond portfolio is for an investment period of at least five years. The Bulgarian permanent residence … Loosing permanent residency privileges. Wenn Sie diese Voraussetzung erfüllen, können Sie eine Daueraufenthaltskarte beantragen, die Ihnen ohne weitere Bedingungen Ihr Recht bestätigt, in Ihrem … Long-term residence permit in Bulgaria . Bulgaria Permanent Residence Program The Bulgarian Permanent Residency by Investment Program now has two investment options to choose from for obtaining Permanent Residency (PR). Your question. And to acquire the permanent resident status you need to have legally lived in Bulgaria for five (5) consecutive years, more exactly, more than 30 months during this period. Continuous (renewed each year):- up to 6 months; - up to 1 year; 2. It will be then renewable annually for a period of up to 5 years. Long-term or permanent residence in Bulgaria is available on the different legal basis under the provisions of the Foreigners Act. The residency permit can be: 1. Since December 2013, Bulgaria, Eastern EU country, put into force Bulgarian Investment Immigration Program – Bulgarian/EU citizenship for foreign investors and their families, which provides an opportunity not only to invest in a stable European economy but in addition to receive a Bulgarian Permanent Residence and the unique opportunity for Fast Track Bulgarian Citizenship. It is very often issued on the base of Bulgarian origins of the applicant, or marital or family relations, or spending 5 years of residence here, the presence of investment intentions/reasons, etc. Benefits for Permanent Residents. 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. Permanent Residence in Bulgaria. Make sure you have all these documents available when submitting your application. 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. This earns you the same rights as a Bulgarian citizen, other than the right to vote. The residence permit application should be submitted no later than 2 months before the expiration of your Visa D granted on your Bulgarian origin where applying for the first time. The investor visits Bulgaria to apply for permanent residence with the local Migration Office. This entitles you to the same rights as a Bulgarian citizen,(except for the right to vote. General case: the number of foreign employees employed by a Bulgarian entity may not exceed 20% of the average number of employees (Bulgarian and EU nationals) in the Bulgarian entity for the past 12 months. Both EU and non-EU may be eligible to apply. Yes. A) Bulgaria Permanent Residency. This includes also the exceptions that would not allow issuing a visa. | Hand Sanitizer Producer in Europe | Brokers traps to avoid when buying a real estate in Bulgaria | Антибактериален дезинфектант | Antibacterial Hand gel Obtaining temporary residence in Bulgaria and renewing it annually for a period of five years and residing physically in the country for 30 months in the last five years, you are eligible to apply for a permanent residence in Bulgaria. Nach wie vor gilt Malta als Top-Niedrigsteuerland in der EU. Permanent residence and Bulgarian citizenship for 18 months ★ Bulgarian passport ★ 148 countries without visas ★ 26 Countries for residence ★ For bonds. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. Permanent residence and Bulgarian citizenship – absence from the country. You must hold Bulgarian long-term permit for 5 years before becoming eligible to apply for a permanent residence permit. So, even if your Citizenship by origin application failed, you will be able to apply on naturalization ground next time. Unrestricted right to live, work and study in Europe. How many years do I have to stay in Bulgaria to obtain a Bulgarian permanent residence? This is the most popular category for obtaining permanent residence in Bulgaria. NB: The permanent residence is granted for five years. We will assist your family members to obtain permanent residence and Bulgarian citizenship at no extra cost. The registration of a trade representative office in Bulgaria allows foreign persons to easily obtain a temporary residence permit that is valid for up to 1 year, and is renewable annually. Facebook BULGARIA PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit: - Invest €512,000 (BGN 1 million) in Bulgarian Government bonds locked for 5 years and paid out with 0% interest - Loan Option: The investor pays a reduced amount of EUR 195,000: The reduced amount is used to finance a 1,000,000 BGN loan from a Bulgarian chartered bank. The period starts since your first … Permanent Residence in Bulgaria. The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. Bulgarian residency program includes more than 20 legal grounds for obtaining a long stay permit or permanent residency by foreign citizens. Permanent Residence Permit. We plan on living outside of Bulgaria for some time. Free education and medical system throughout EU. If you have resided legally in Bulgaria for a period of five years on the basis of a consecutive long-term residence permit, you and your family members are entitled to a permanent residence permit. Permanent stay residence permit – is a permit for permanent residence in Bulgaria for unlimited time. The Foreigners in the Republic of Bulgaria Actallows foreign nationals to apply for Visa D and Bulgarian temporary residence under more than 20 grounds. Nicht nur landschaftstechnisch ist Belize, das ehemalige Britisch-Honduras, ein Paradies. Month 1 – Application for the opening of a private bank account with the serving Bank and buying Bulgarian government bonds for approx. The residence gives applicants the right to enter and leave Bulgaria freely, as well as the right to travel across all European countries visa-free. There is no physical residence requirements or fluency in Bulgarian language as required by the general naturalization rules. application because you cannot provide sufficient evidence of your origin or for any other reason, you still may obtain Bulgarian permanent residence. Bulgaria offers permanent residency through investment of €511,292 (BGN 1 million) in government bonds. The steps to obtain Bulgarian citizenship by investment under the fast-track are the same as the ordinary process. You will also be able to enter and leave the country as many times as you wish without visas. Other international entry and domestic restrictions remain in place. Bulgaria bans UK travelers from entry as of Dec. 21 due to COVID-19. Applicants must choose either the Financing Option (€190,000), or the Real Estate Option (€288,000) to kick-start the PR Process. This is the most popular category for obtaining permanent residence in Bulgaria. Bulgaria also has an Investment Promotion Act through which foreign investors may apply for a residence permit. 5. Family reunification process can be started. TIMEFRAME expected from 12/21/2020, 5:51 PM until 1/31/2021, 11:59 PM (UTC). The holder of a valid Bulgarian visa D can apply for residency permit not later than 14 days before it’s expiration. 512,000 €. It’s usually a formality to have a permit renewed, although you will need to have spent at least six months and one day of the 12-month period in Bulgaria. he applicant will receive the receipt of Bulgarian PR Card (three days after application). Privatpersonen müssen als Nutznießer eine permanent residence beantragen. participating in the political process by registering and voting, joining the police force or military). The Bulgarian Investor visa is usually granted within 30 working days; Month 3 – Applying for a permanent residence by investment. Registration of TRO will allow you to easily obtain residence permit that is valid for up to 1 year. If you have Bulgarian origin and you have obtained a certificate of Bulgarian origin from the State Agency for Bulgarians Abroad, but you have failed your Bulgarian citizenship by origin application because you cannot provide sufficient evidence of your origin or for any other reason, you still may obtain Bulgarian permanent residence. The government bond portfolio is for an investment period of at least five years. Conditional tax exemption on world income. Holding the permanent residence for five years, we can initiate the Bulgarian citizenship by investment application with the Ministry of Justice. Documents for the application should be submitted no later than 2 months before the expiration date of the existing permit. The permanent residence can be upgraded to citizenship if the investment is maintained for five years (ordinary track) or it is increased to 1,024.000 € after 12 months (fast track). The extended residence permit is issued for a period of up to five (5) years (depending on the expiry dates of the submitted documents) and can be renewed indefinite number of times. Erwerb des Rechts auf unbefristeten Aufenthalt. Getting the residence permit in Bulgaria it’s the beginning of your journey to get permanent residence or even Bulgarian citizenship. INFORMATION ABOUT BREXIT. I am Bulgarian citizen. 3. Including obtaining the supporting additional documents, when it is needed here, as well as a residence permit. Investment. Not in Bulgaria, where bureaucracy remains frustratingly opaque. The long term stay is an intermediate form of residence between the extended stay residence and the permanent residence. If you have resided legally in Bulgaria for a period of five years on the basis of a consecutive long-term residence permit, you and your family members are entitled to a permanent residence permit. You will be able to apply for a permanent residence permit (valid indefinitely) after five years’ residence in Bulgaria. Art.40 (1) from the Law on the Foreigners, states that the permanent residence status will be revoked, if: p.5 – the person hasn’t settled and is not living in Bulgaria within 12 months after the residence permit has been obtained (controversial); Benefits for Citizens. Bulgarian citizenship and residency - the new law for the foreigners 2016 - Duration: 12:38. The first Bulgarian permanent residence permit is issued for only five years, and the next renewal will give you an indefinite permanent residency in Bulgaria. The fee to process dependents is included in our fee for the main applicant. RSS, Permanent Residence by Investment in Government Bonds, The client purchases government bonds of 512,000 EUR, Schedule to get Bulgarian Permanent Residence by Investment in Government Bonds, and renewing it annually for a period of five years and residing physically in the country for 30 months in the last five years, you are eligible to apply for a permanent residence in Bulgaria. The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. Family members will obtain permanent residence in 3 months. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. Getting Bulgarian residence will give you all rights of a Bulgarian citizen except the right to vote. The Bulgarian residency is implied by the prolonged stay of the applicant under a category of the Foreigners in the Republic of Bulgaria Act which does not automatically provide ground for permanent stay otherwise. PERMANENT RESIDENCE. For more information about obtaining Bulgarian permanent residency, please do not hesitate to contact us. Once the initial application and Investment is approved, Permanent Residency is granted. This program offers permanent residency in Bulgaria, meaning the permission to live in Bulgaria as long as desired. Is the Permanent Residence Permit for Bulgaria Right for Me? Rules are very strict and different legal regime applies for obtaining residence permit towards the citizens of EU (as well as Iceland, Liechtenstein, Norway, and Switzerland, etc. It is a status that allows for unrestricted travel within the territory of the European Union. 2. Long-term residence Certificate for EU citizens in Bulgaria – issued by the bodies of the Ministry of the Interior, with 5-year validity period;; Permanent residence Certificate for EU citizens in Bulgaria – issued by the bodies of the Ministry of the Interior, with 10-year validity period. 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