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Permanent Residence in Bulgaria

The Republic of Bulgaria is a country in Southern Europe. In 1945, after World War II, Bulgaria became a communist state and was a part of the Eastern Bloc until the political changes in Eastern Europe in 1989/1990, when the Communist Party allowed multi-party elections and Bulgaria undertook a transition to parliamentary democracy and free-market capitalism with mixed results. Bulgaria functions as a parliamentary democracy within a unitary constitutional republic. A member of the European Union, NATO, the United Nations, the World Trade Organization and a founding state of the OSCE, it has a high Human Development Index.

Permanent Residence by Investment Program
In order to apply for permanent residency based on investment the applicant is expected to invest BGN 1,000,000 (approximately EUR 512,000) into Bulgarian business for a period of 5 years. The main disadvantage of this scheme and this immigration category is that Bulgarian citizenship is not possible irrespective of number oy years spent in Bulgaria.

Benefits and Advantages on the Permanent Residence Scheme:

  1. Investor and all his family members (wife and minor children) get Permanent Residence in Bulgaria directly and immediately. Permanent residence gives the same rights as BG citizens, except voting. We would like to remind our readers that normally (without investment) foreigner must first obtain temporary residence permit in Bulgaria, then renew it annually, and only after 5 years or residence is entitled to apply for permanent residency.
  2. No physical residence required for Main Applicant and dependents.
  3. Relatively fast (from two to three months) application process.
  4. Opportunity to become resident of the European Union. Easy access to EU countries – no visa requirement.
  5. Holding a residence visa also enable the applicants to enter and leave the country as many times as they wish without visas.
  6. Free education and medical system throughout EU.
  7. Lowest taxation in EU and special exemption for immigration through investment applicants.

Questions and Answers on Permanent Residence in Bulgaria:

Question: When visa D is issued how many days the applicant can spend in Bulgaria? Suppose if I want to visit Bulgaria, apply for PR and wait for the decision in Bulgaria. Is it possible?
Answer: Visa D has 180 days (6 months) validity and the holder of the visa could stay in Bulgaria during this period. The law requires PR application to be loaded within the first 3 months of the validity of the visa. The approval term is 3 months, so the applicant has enough time to reside and wait for the approval.

Question: We are Russian family interested in Bulgarian residence-by-investment program. We are married in church and have two children. But officially we are in common-law relationship. We have no state marriage certificate, only a church one. Will it be sufficient to participate in the program as a family or we need to be married officially?
Answer: We would recommend obtaining a legal state marriage license/certificate. A church marriage, unless legally recognized, will not be accepted in Bulgaria.

Question: Can we invest form offshore in order to apply for PR in Bulgaria?
Answer: No. You must transfer the investment amount to Bulgaria from a personal bank account.

If you have any questions or wish to use our legal assistance in obtaining permanent residence of Bulgaria, contact us today

Last updated 08.02.2023

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