Bulgarian law creates the possibility for investors to obtain Bulgarian temporary residence by purchasing real estate that is increasingly well known internationally. The minimum investment amount required is approximately € 310,000 (US $ 346,000). This gives you a quick and easy path to residence in a country that is part of the EU.
Investors can make one of the following alternative investments:
Option 1
Buy real estate worth € 310,000 (US $ 346,000) (* 1) or more. The good must be held directly by the person applying for a residence permit (applicant). Due to restrictions on land ownership by non-EU nationals, this option usually requires the purchase or possession of an apartment, flat, house or other building or structure.
Option 2
Qualification conditions:
- The applicant becomes a shareholder of a Bulgarian company, owns 50% or more of the shares, and pays the capital of the company into investment funds.
- Thanks to this equity investment, the company acquires real estate of eligible value.
Funding
It is permissible to borrow to acquire the property. However, there are certain restrictions on how funding should be structured on the date of a residency application, on which we are able to consult with applicants.
Intervention of the notary
Property can only be transferred to a notary. We can represent you during the transfer of ownership.
Validity
The Bulgarian residence permit issued to an applicant is valid for one year. It can be renewed indefinitely for 1 year at a time, as long as the applicant continues to meet the eligible investment requirements.
Having held the Bulgarian national residence permit for five consecutive years can lead to an EC long-term resident residence permit (* 2).
People with long-term resident status in the EU can reside freely throughout the EU, have the right to access education, recognition of their qualifications and other privileges . A long-term resident can also move freely to a second EU country on a permanent basis, subject to certain additional requirements.
Family members
Spouses and children under the age of 18 can claim Bulgarian residence after approval by the main applicant. Their permits are derived from those of the investor. If an investor’s license is withdrawn, associated family members may in some cases cease to be eligible residents. If the family has resided together in Bulgaria, then family members can usually join the main applicant as residents in a second EU country.
Application process
- Apply for a type D visa at a Bulgarian consulate located or accredited for its country of permanent residence at the time of application. Wait for visa processing of approx. 2.5 months.
- A residence permit is then applied in person to the immigration authorities in Bulgaria. Authorities are required to render a decision within 14 days of the date of the request, unless they require additional evidence.
- When the permit is issued, applicants pay a government fee and apply for an ID card in person.
Visa type D – € 100 (US $ 110)
Residence permit valid for 1 year – € 232 (US $ 260).
Identity card issuance – fees may vary depending on service from € 20 (US $ 26).
