Unrestricted right to live, work and study in Europe. Long-term or permanent residence in Bulgaria is available on the different legal basis under the provisions of the Foreigners Act. Examples of a few of our prime funding choices accessible. Unrestricted right to live, work and study in Europe. The procedure for granting Golden Visas in Italy is regulated by Art. The Bulgarian residence permit and Bulgarian ID card are a precondition for family reunification for your non-EU family members to Bulgaria and the European Union. ), who wish to reside here for more than three months, and foreigners from other countries outside the EU, who wish to stay in Bulgaria on a long-term basis. If you didn’t have a right to reside on 31 December 2020. Benefits of the EU Long Term Residence Permit. Whichever route you decide to take you will receive your EU permanent residence permit in 6 months. The investment is fully guaranteed by the government bonds. The criterion of center of vital interests prevails over the one of permanent address. Protected in Bulgarian legislation Stunning Urban Contemporary. Bright, airy open floor plan with 3 full bedrooms and 2 baths. 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. Have at least one year of permanent residency status. Residence certificates Foreigners and EU-citizens, who would like to settle in Bulgaria and become Bulgarian residents, should consider some of the benefits of obtaining residence permit: If you wish to move to Bulgaria and become local resident via obtaining a residence permit, feel free to contact us for consultation and assistance. 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. Unrestricted right to live, work and study in Europe. Hold a second additional investment for a period of two years. 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; Proving your right to reside. 3.2. Time to get your Bulgarian passport. In order to apply for a permanent residence permit, a foreign citizen must first obtain a Bulgarian extended residence permit. 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. The citizens of EU benefit from a less-complicated procedure for obtaining a residence permit in Bulgaria, because the European Union regulations for free movement apply, while the rest should proceed through obtaining visa paths in order to apply for residence permit. 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. A temporary residence certificate is issued and the long term residence card is issued within three months. 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. Permanent residence gives the same rights as BG citizens, except voting. 11820-A/2012, …, The Golden Visa programme was introduced on the island of Malta in 2015 by Law no. 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. You will also be able to enter and leave the country as many times as you wish without visas. 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. Sant Antoni de Portmany, Illes Balears 07820 Spain. Updated "Applying for Bulgarian citizenship" section: permanent residence required for 5 years in order to apply. Since there is only 10% Capital Gain tax for individuals and corporate entities, Bulgarian tax regime is one of the most beneficial within the EU and our country is a preferred place for moving and starting a business by many foreign investors. Sofia is the capital and the currency is Bulgarian Lev which is a strong and stable currency. A residence card will allow you to easily get into Bulgaria if you are travelling abroad for business or pleasure. Conditional tax exemption on world income. Bulgarian legislation considers cohabiting couples as a family. Back to top, Golden Visa European Stock and Bond Market Web Organization. Spouses, children аnd other relatives of the residence permit holder are entitled to apply for Bulgarian visa as well, and the procedure is fast. Sofia, Bulgaria – On July 4, 2014, the Bulgarian government adopted a measure where visas and residence permits issued by Croatia, Cyprus and Romania will be mutually recognized until one of these countries enters the Schengen zone. Its holder gets most of the rights available to the local citizens, including the right to do business and to work (including the right to be employed on labor contract) in Bulgaria. 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?. Bulgaria is a balkan country encompassing black sea coastline. Getting Bulgarian residence will give you all rights of a Bulgarian citizen except the right to vote. Bulgaria and Romania (known as the A2 States) joined the EU on 1 January 2007 and from that date nationals of both states have to the right to freely enter the UK. To be a tax resident an individual must reside in Bulgarian territory for 183 days in a tax year, have a permanent address in Bulgaria, or have their center of vital interests in Bulgaria. Bulgaria has borders with Greece, Romania, Serbia, Turkey and Macedonia. Permanent residence permit Permanent residence permits are issued by the Bulgarian Ministry of Interior. Recently there are many international companies within the IT sphere, which have opened offices in Bulgaria and are doing business here. After five years you may apply for a Bulgarian permanent residence permit. Provide documents supporting the source and origin of invested funds. The local address is not a burden and could be changed during the period of validity of the permit. Extended (ERP) or Permanent Residence Permit (PRP) and/or Bulgarian citizenship .The type of permit is based on the invested amount. The first permanent residence is granted for a five years period. The extended, long-term or permanent residence status of a Foreigner is evidenced by the issuance of a Bulgarian residence document evidencing the right of residence in the Republic of Bulgaria, which can be in the form of a residence permit or a residence card. Prior to applying for a Permanent Residence Permit in Bulgaria, applicants must obtain a visa at a Bulgarian Consulate abroad. FOREIGN RESIDENCE IN BULGARIA, Real Property Individual Investment Services, Subscription Plans for Legal Enitites and Liberal Professions. Your investment will produce many profits over time and you and your family can freely live in Europe. There are numerous benefits and services that you automatically qualify for if you have a residence card. Bulgarian Citizenship by Investment. The requirements for to obtain the long-term permit in this case are: Performing commercial activity in the country according to the statutory order will give to the foreigners the right of long-term residence permit for 1 year. Possess a valid passport or another foreign travel document. The fast-track option allows investors to apply for citizenship faster by doubling their investment. 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. At the end of the five-year period, the full amount will be returned to the investor without any accrued interest. 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 . The residence permit could be subject to renewal and after a particular period of uninterrupted stay, and then under meeting specific conditions, applying for Bulgarian citizenship is also available by the Law. © 2021 Second Residency & Investments, All Rights Reserved. In addition, qualified and experienced labor hand could be hired at reasonable wages too. Fast-track option for citizenship within two years. 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. Currently, the Bulgarian legislation regulates a number of investment alternatives allowing non-EU citizens to invest in Bulgaria, thus obtaining. Government-approved investments and available financing options from banks. Key Features. Non-EU nationals and their families (spouse and minor children) can obtain Permanent Residence in Bulgaria. Benefits of Acquiring Bulgarian Citizenship. Lowest tax rates and free-trade environment within the EU. 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. capital. 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. In this case the foreigner will obtain the right to reside in Bulgaria for a non-determined period. Yes. Applications for the fast-track program are examined under express procedure. The visa application may be lodged depending on the applicant’s current citizenship and residence. Access to high-quality health care in Bulgaria and the EU. 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. Bulgarian passport is an accessible, transparent and respectable gateway into the European economy, society and way of life. The Bulgaria Fast-Track Citizenship Program and Bulgaria Permanent Residence Program allow an applicant to obtain permanent residency in 4 – 6 months, and full Bulgarian citizenship within 2 years. The right to acquire land in Bulgaria and a number of other EU countries which may otherwise restrict access to foreign nationals. 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). he applicant will receive the receipt of Bulgarian PR Card (three days after application). Contribution to the capital of a Bulgarian trading company in amount minimum of 500 000 BGN and providing 10 jobs for Bulgarian citizens maintained for the duration of the stay, as the foreigner is a partner or shareholder with registered shares and owns not less than 50 per cent of the capital of the company and as a result of the acquisition new tangible fixed and intangible assets. To determine eligibility for Bulgarian survivor benefits, the deceased’s periods of contribution to the Canada Pension Plan, and in certain cases periods of residence in Canada, will be considered as creditable periods under the Bulgarian social security program. For those seeking the best of Urban Living!! 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). 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. 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. Benefits for Citizens. Benefits and Advantages on the Permanent Residence Scheme: Investor and all his family members (wife and minor children) get Permanent Residence in Bulgaria directly and immediately. It entitles its holder to leave and enter the country multiple times, visa-free. 13 March 2019 We have updated … Foreigners will get a Bulgarian ID card allowing their stay in Bulgaria and multiple entries into the country. You can’t claim the benefits now, but you should check if you can apply for pre-settled or settled status.. 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. 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 … 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). 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. As one of the youngest EU member states, Bulgaria boasts a rich and diverse culture, temperate climate, and ideal location in Southeast Europe. The main benefits that come from an EU permanent residence card are: You will have access to … The last type of residence permit is permanent and is the main step to obtain Bulgarian citizenship. However, in line with EC law, for a transitional period, the UK is allowed to limit access to both work and benefits. Right to own land in any EU country. We have a wide range of experience dealing with all the different options for every client. The country is also known for the kind hospitality of the locals and with the good conditions for a living – on one hand, home rental prices in the big cities are acceptable, and on the other hand prices of houses in the countryside are attractive to people who would like to escape from the fast city life. Must have maintained permanent resident status and a valid residential address for the past five years. You get your Bulgarian citizenship after a maximum of 5 years. 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 Benefits of obtaining a Bulgarian ID card and Bulgarian residence for European citizens. Free movement within the Schengen zone after Bulgaria becomes a member state. Bulgarian Visa. ... Holders of a Bulgarian residence permit can travel legally to Romania, Croatia and Cyprus for 90 days in any 180 days period without visa. 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. From a free and pure vision of cruising, the Oceanis 58 offers a life in perfect symbiosis with the sea. The Investment is fully guaranteed by the government bonds. Main industries are sectors are energy, mining, metallurgy, machine building, agriculture and tourism. This Palmer Johnson was built in 2015. The requirements for this option are as follows: Financing options are available to qualified applicants. The benefit rights of A2 nationals largely mirror those of A8 nationals, 1but there are slight differences. As an EU national, you automatically acquire the right of permanent residence in another EU country if you have lived there legally for a continuous period of 5 years.If you fulfil this requirement, you can apply for a permanent residence document, which confirms your right to live in the country where you now live permanently, without any conditions. And therefore their unimaginable recognition amongst our purchasers for the worldwide journey potentialities they current highlighted. The period of five years and can be renewed benefits and services that you qualify! 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