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Bulgaria - World Gate

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About Bulgaria

Bulgaria is a mountainous sovereign state located in the Balkan Region of southeastern Europe. Boating a rich culture and extensive history of Greek, Slavic, Ottoman, and Persian influences, Bulgaria is bordered by Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the coast of the Black Sea to the east. Although it is one of the newest members of the European Union, Bulgaria hosts several of the oldest cities in Europe, principally Sofia, the capital, and Plovdiv, on the Black Sea coast.

Formerly a Soviet Socialist Republic, Bulgaria declared itself an independent country after the dissolution of the USSR in 1991 and is now a parliamentary republic with a democratic constitution. In addition to joining the EU in 2007, Bulgaria is also a member of the European Economic Area (EEA), the United Nations (UN), the World Trade Organization (WTO), among others.  Considered a developing country with a market economy which relies primarily in services and industry, Bulgaria ranks 52nd in the world in the Human Development Index.

Previously under the radar of international visitors, nowadays Bulgaria is starting to be noticed by an ever-increasing number of tourists and investors, drawn by its rich and diverse culture, temperate climate, low cost and high standard of living, and ease of accessibility from the Middle East and the rest of Europe. The ideal gateway to Europe, Bulgaria is perfectly situated for living and working in the European Union but at a fraction of the price of the other member states.

Continent

Europe

Region

Southeast Europe

Capital

Sofia

Population

6,925,454 million (2019)

Total Area

110,994 km²

Languages

Bulgarian

Passport Rank

17th in 2020

GDP

$67,926 million (2019)

Currency

Bulgarian lev

Legal Basis

The residence by investment program in Bulgaria, in accordance with the Law of the Republic of Bulgaria, included clauses 6 and 7 with the option of speedy processing. In order to qualify for the program, you will need to provide one of the requirements specified in the Investment Options section.

Benefits

  • Risk-free investment in government bonds.
  • Residency processing time 6-9 months (approximately)
  • Right to reside and work indefinitely in Bulgaria.
  • Access to state education for your family.
  • Bulgarian citizenship after 5 years.
  • Visa-free travel throughout Bulgaria, Romania, Cyprus and Croatia.
  • Ability to include spouse, any children under 18 years of age, and parents

Investment Options

1. Real Estate Investment
Applicants must deposit BGN 1 million (€ 511,292) in a Governmental Bond Portfolio for an investment period of five years. The full amount of BGN 1 million (€ 511,292) will be returned to the investor without any accrued interest after a period of 5 years. The investment is fully guaranteed by the government bonds.
2. Government Bond (Non-Refundable)
Main Applicant and Spouse
€ 25,000
Each additional dependent
€ 2,500

Residency Process

Step 1

World Gate will prescreen your passport copy for government pre-approval to ensure fast processing. After down payment of the professional fees required to open your application, World Gate will provide assistance and advice in regard to the collection of the required documents

Step 2

The applicant then makes an appointment at a Bulgarian embassy or consulate for document signing. After the investment is transferred by the applicant, the investment certificate is issued. A second appointment is made at a Bulgarian embassy or consulate to apply for the Schengen Visa- Type D (long stay visa).

Step 3

Once the Schengen Visa- Type D is granted, the applicants must travel to Bulgaria to submit the application for permanent residence.

Step 4

Once the permanent residence is approved, the applicant will then make a second trip to Bulgaria to apply for the permanent residence ID card.

Step 5

Once the main applicant is issued the Bulgarian ID document, the procedure for qualifying family members begins. The process for obtaining a Bulgarian ID may take up to six months (this includes two mandatory trips to Bulgaria for each qualifying family member) with an appointment at a Bulgarian embassy or consulate for document signing.

Step 6

The permanent residency certificates are issued to you via courier once the balance of professional fees has been paid and settled.

Visa-Free Countries

* Visa on arrival
** Electronic visa
– The above list includes territories
– The list of countries is subject to change in accordance with each government’s policy

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