Immigrant Investor Program Residencies Plan of Bulgaria (Europe)
Immigrant Investor Program
Once the initial application and Investment is approved, Permanent Residency is granted. An applicant's spouse or dependents can be included in the application for a supplemental investment amount. Being a permanent resident in Bulgaria does not require an applicant or their family to live in Bulgaria.
The applicant then has the option to make a further investment for Fast Track Citizenship, or to wait for 5 years to become eligible for citizenship at no further investment cost.
Bulgaria Permanent Residence ProgramThe Bulgarian Permanent Residency by Investment Program now has two investment options to choose from for obtaining Permanent Residency (PR).
Applicants must choose either the Financing Option (€190,000), or the Real Estate Option (€288,000) to kick-start the PR Process.
Spouses and children can apply for permanent residency as soon as the main applicant attains theirs.
After 5 years of Permanent Residency, the applicant(s) will be able to apply for Bulgarian citizenship with no additional investment.
* All prices include professional, due diligence and government fees, which are subject to change.
If you want to know further details about this program apply now for a free private consultation call."
- Be 18 years of age or older
- Possess a valid passport and reside legally in a country
- Visit Bulgaria three times, for 2-4 days at a time (but no further in-country residence is required)
- Pass a due diligence and medical check
- Make only a declaration on source of funds (no detailed documents required)
No nationality is officially restricted
Dual citizenship is recognized in Bulgaria. You are not required to renounce your previous nationality to become a citizen of Bulgaria.
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Certified copy of passport
- Original Police Clearance Certificate
- Medical Certificate
- Documents certifying Business Investment
- Proof of net wealth
- Proof of payment of nonrefundable processing and due diligence fees
- Limited Power of Attorney
- Statement of Source of Funds
- Titles of Financial assets purchased
- dual citizenship Yes
- Family members included No
- land ownership Yes
- Physical residence required No
- Personal visit required Yes
- Language skills required No
- Interview required No
- Investment Single €215,000
- Investment Family 4 €430,000
- Minimum annual income -
- Time to citizenship 18
- Time to permanent residency 6
- Visa-free countries 154
- Financing available Yes
The Republic of Bulgaria is a country located to the southeast of the European continent, and is a member of the European Union. It borders Romania to the north, Serbia and the Republic of Macedonia to the west, Greece and Turkey to the south and the Black Sea to the east. Although being a relatively large country, its population is just over 7 million. Most are concentrated in cities, mainly in its capital Sofia and to a lesser extent the UNESCO World Heritage Sites of Plovdiv and Varna. So, there are abundant large, undeveloped natural areas too. Bulgaria is well-known for its ski resorts in winter, its thermal water springs and its almost 200 km of Black Sea beaches.Its official language is Bulgarian and its official currency is the Bulgarian Lev, pegged to the EUR at a 1.95:1 ratio.
- National Flag of:Bulgaria
- Area Code:359
- Native Languages:Bulgarian, Turkish
With your new passport from Bulgaria you'll be able to access 154 countries visa freecitizenship benefits Become an EU citizen with the right to live work do business invest own property and access to healthcare and education benefits throughout the European Union Investment recovery Visa-free or Visa on arrival to 154 countries including Schengen Area United Kingdom Australia permanent residency benefits Travel visa-free across the European Union Low tax jurisdiction Peaceful democratic and politically stable country High quality of life Well-connected airport Access to healthcare and education system Investment recovery The right to live and work in Bulgaria without any time limit
Becoming a permanent resident or citizen of Bulgaria does not automatically make you a tax resident. 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. The criterion of center of vital interests prevails over the one of permanent address. That is, someone who has a permanent address in Bulgaria, but whose vital interest center is in another country, may not be considered a resident for tax purposes.
Bulgaria has one of the lowest tax burdens in the European Union. Tax residents are subject to tax on their worldwide income at a flat rate of 10%. A tax credit for foreign tax paid is usually available. Dividends and interest are subject to a final tax of 5% and 8%, respectively. Capital Gains are taxed at the standard PIT rate. Gains derived from companies listed in the Bulgarian or a European regulated stock exchange, and those from properties held 3 years (1 property) or five years (2 other properties) are exempted.
As of 1 January 2019, Bulgaria introduced new rules on Controlled Foreign Corporations (CFCs). These include undistributed profits of low-taxed foreign subsidiaries (and PEs) being included in the tax base of the Bulgarian controlling entity, subject to 10% Bulgarian CIT. Certain exemptions apply, among them that profits of CFCs with substantive economic activity will not be subject to Bulgarian tax.
Bulgaria levies a real property tax of between 0.01% and 0.45% on the tax value of the property. There is an inheritance and gift tax of between 0.4% and 6.6%, depending on the relationship of the beneficiary. There are no net worth and transfer taxes.
On corporate taxation, resident companies are subject to a 10% flat tax on their worldwide income. Dividends received from a Bulgarian resident entity or an EU/EEA company are not taxable. Dividends received from a non-EU/EEA resident are included as taxable income. A tax credit or exemption may apply under a tax treaty or a domestic tax credit if there is no tax treaty available. Capital Gains are considered ordinary income and therefore subject to CIT. However, capital gains from the disposal of shares listed in the Bulgaria Stock Exchange or in any EU Stock Exchange are fully exempted. If there is no tax treaty available, payments to non-residents are usually subject to a 10% withholding tax. Learn more about Bulgaria’s corporate taxation, legal framework and tax treaties at incorporations.io/bulgaria.
|Net worth tax||No|
|Tax residency days||183|
|Personal income tax rate||10%|
|Capital Gains tax rate||10%|
|Investment income tax rate||8%|
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