Average cost of setting up a private limited liability company in Bulgaria is around 500-800 EUR
Normally the registration process takes about 2-3 weeks to be fully completed
Average cost of setting up a private limited liability company in Bulgaria is around 500-800 EUR
Normally the registration process takes about 2-3 weeks to be fully completed

Procedure and Investment requirements

Non-EU nationals and their families (spouse and children below 18) can apply for Permanent Residence in Bulgaria if they invest in several financial instruments. Permanent residence permits are issued by the Bulgarian Ministry of Interior. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote.

Benefits

No requirements to reside in Bulgaria
Visa free travel for Bulgaria, Romania, Cyprus and Croatia
Can work in Bulgaria without work permit
Can receive free state education to family members
No taxation on worldwide income
Holding Bulgarian permanent residence for five years entitles
you to apply for Bulgarian citizenship

Investment

  • Investment of BGN 500,000 (€255,646) in the capital of a trade company under which tangible or intangible assets are acquired and 10 or more jobs for Bulgarians are created; the reason for maintaining the foreigner’s permit and the investment must be proven to the Ministry of Economy
  • BGN 1 million in collective investment schemes (minimum net asset value requirements apply in both cases) or alternative investment funds licensed and registered by the Financial Supervision Commission and whose investment strategy is targeted predominantly towards Bulgarian companies and which solely invest in assets and/or bonds of Bulgarian companies, including special purpose investment companies
  • BGN 1 million investment in rights under concession contracts on the territory of the Republic of Bulgaria
  • BGN 2 million investment in the share capital of a Bulgarian trade company implementing a priority investment project certified under the Investment Promotion Act and verified by the Ministry of Economy or in shares or bonds of Bulgarian companies, traded on a Bulgarian regulated market or multilateral trading facility in Bulgaria;
  • BGN 6 million investment in the capital of a non-publicly traded Bulgarian company
  • Requirement to maintain the above investments for a period of at least 5 years.

Key requirements for applicants

The Applicant must not be an EU citizen. He must possess a valid passport or another foreign travel document and must have a clean criminal record.

Close family members of the investor are eligible to acquire permanent residence and obtain Bulgarian citizenship in several ways. The main applicant’s spouse and unmarried children under 18 are eligible to become permanent residents after the main applicant is granted resident status. A main applicant’s spouse is only eligible if the spouses have been married for no less than five years at the time of application. Spouses and children of the applicant are eligible to acquire permanent residence. Though, they will not be granted citizenship at the same time as the applicant. To be eligible to apply the applicant must make a full investment option of at least BGN 1,000,000 (€512,000).

The applicant must apply for a permanent residence permit and ID card in Bulgaria. If eligible, the investor can apply for citizenship in Bulgaria or at a Bulgarian consulate abroad. Applicants are not required to be in Bulgaria during the whole process. However, when applying for a permanent residence permit and ID card the investor is required to be present in Bulgaria. There are a number of documents that have to be prepared and legalized including, but not limited to, criminal record certificate, marriage license, proof of funds, etc.

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