Hold a second additional investment for a … 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). The Bulgarian government bonds are 100% secure financial instruments with absolute liquidity. Permanent Residence Permit via Investment in Bulgarian Government Bonds. To obtain a permanent residence permit, you need to provide the following documents and complete the following steps: 4, para 4 (vital interests), you may apply for a Bulgarian residence and Bulgarian ID card for EU nationals. A permit can be granted to family members of a Bulgarian citizen or foreign citizen residing in the country on an extended, long-term, or permanent residence permit under extraordinary circumstances. Permanent Residence Permit. This option is refundable and allows you to get Bulgarian permanent residency or citizenship in 6 months or 60 months respectively. Obtaining a long stay permit by property purchase is available for two types of applicants – retired and non-retired. Step #4: Visa & Permanent Residency Application. My husband is a citizens of non-EU country. This new law did not alter UK nationals’ existing obligation to register their residence but it created a new document specifically for those UK … Let us help you to get Bulgarian residency by investment program. 1, p. 6 of the Law on Foreigners in the … Updated "Applying for Bulgarian citizenship" section: permanent residence required for 5 years in order to apply. Both the Bulgaria permanent residence and 2-step fast track citizenship programs come with two investment options: 1. Financing option; Non-recourse loan as well as reduced price; 2. The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. Getting Bulgarian residence will give you all rights of a Bulgarian citizen except the right to vote. To apply for a residence permit, you must first obtain a Type D visa (see our article “Short and long-stay visas”) in … This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. It is a status that allows for unrestricted travel within the territory of the European Union. Permanent residence permits are issued by the Bulgarian Ministry of Interior. The processing time for residency is about six months. 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. You must hold Bulgarian long-term permit for 5 years before becoming eligible to apply for a permanent residence permit. The long-term EU residence permit has a validity period of five years and can be renewed. One of the most preferred is the purchase of a real estate property in Bulgaria. We will assist you during the entire procedure from preparing the set of application documents to receiving a Bulgarian ID card. Q) How many years do I have to stay in Bulgaria to obtain a Bulgarian permanent residence permit? The visa is valid for 180 days and it allows the citizen to apply for residency permit. Permanent Residence in Bulgaria. We plan on living outside of Bulgaria for some time. Ms Anna Aleksandrova To the Members of the Committee on Legal Questions Ma’am Honorable Members of Parliament National Assembly of the Republic of Bulgaria National Assembly Square № 2 Sofia 1000, Bulgaria Date: 13.01.2021 I am the holder of the Bulgarian Permanent Residency as investor under the art. You can obtain permanent residency or citizenship within 6 months or 18 months after investing at least €1,024,000 in the country’s economy . participating in the political process by registering and voting, joining the police force or military). The permanent residence permit is issued by the local Migration Offices in Bulgaria. Citizenship may be applied for after 60 months (5 years) in permanent residency status. Your Bulgarian residence permit will be valid for 6 or 12 months. Apply in person for Bulgarian citizenship at the Ministry of Justice in Sofia or at a Bulgarian Consulate abroad. Visa D – long term stay. Bulgaria permanent residence and citizenship program. 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. He wants to apply for Bulgarian citizenship in 3 years. If you’re a pensioner, you will need to produce evidence that you’re entitled to retirement income and have a bank account in Bulgaria and a Bulgarian address. Permanent residence permits are issued by the Bulgarian Ministry of Interior. Applications for citizenship and the relevant documentation must be submitted to the Ministry of Justice. 13 March 2019 We have updated … Permanent residence and Bulgarian citizenship – absence from the country. He has just received his permanent residence permit. join a research group, are involved in a research project). The Bulgarian permanent residency program allows the applicant to live in Bulgaria as long as desired. Here are some visa tips: a. Permanent Residence Permit. Charles Dickens Тo the Hon. After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. 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. 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. Applicant MUST apply at the Bulgarian Consulate in the country of his PERMANENT residency (i.e. The fast-track option is simply brilliant. Long-term residence status is one of the possibilities that Bulgaria provides to foreigners – third-country nationals, since 2011. Spouse Holding the permanent residence for five years, we can initiate the Bulgarian citizenship by investment application with the Ministry of Justice. 25, para. After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. In July 2020, a new law was passed by the Bulgarian Parliament making the Withdrawal Agreement part of Bulgarian law. How many years of stay in Bulgaria in order to get a Bulgarian permanent residence? Bulgarian residency program includes more than 20 legal grounds for obtaining a long stay permit or permanent residency by foreign citizens. Immigration. The annual revenue is between 1 and 3%. Home Bulgarian Permanent Residency-Citizenship Program. The investor applies for a Visa-D at any Bulgarian embassy in his country of residence. You will also be able to enter and leave the country as many times as you wish without visas. 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. Have at least one year of permanent residency status. You can then keep renewing it for up-to 5 years. A permanent residence permit can be obtained 3-6 months after initial investment; Bulgarian citizenship can be obtained ~2 years from initial investment via the Fast Track, or ~6 years via the Standard Track. Timeframe. То strengthen your tax residence application under Art. This is an option different from continuous and permanent residence permits. This is the only time travel to Bulgaria is required. Permit as soon as possible to UK accompani… permanent residence permit with an option different from continuous and residen With this visa, the investor travels to Bulgaria to apply for the Permanent Residency card in person. Long-term residence permit in Bulgaria . Several official references out there (UK Governmental website, PDF document from Europa.eu and Bulgarian Governmental website) seem to suggest that in order to apply for a permanent Bulgarian residence you have to have resided in Bulgaria for five years.Now, the Bulgarian governmental website also states a particular condition which applies to foreigners who married a Bulgarian national: A Bulgarian temporary residence permit is either valid for 6 or 12 months, and it can be updated for a period of up to 5 years. The purchase of Bulgarian Government Bonds is the best option for candidates with funds available for such volume of investment. 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. The Bulgarian Citizenship Act states that non-EU nationals who have held a permanent residence permit for five years can apply for Bulgarian citizenship and a Bulgarian passport. Applicants, who are already visa D holders and intend to take part in research with Bulgarian-based company (e.g. I am Bulgarian citizen. The stay is limited by the visa and they cannot apply for residency after the visa expires. EU citizens may apply for Bulgarian residence and Bulgarian ID card with their national ID or passport. After five consecutive years of long-term residence, you can apply for permanent residence abroad in Bulgaria. Your question. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. This earns you the same rights as a Bulgarian … This entitles the person to the same rights as a Bulgarian citizen, except the right to vote. 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