Everything You Need to Know About BuyingCitizenship in Bulgaria

www.globalcitizenship.co.za /buying-citizenship/

Have you ever dreamed of living and working in a European country? By obtaining a Bulgariancitizenship, this can become a possibility. When you choose to invest in the country of Bulgaria, you aremaking the decision to buy EU citizenship that allows you to live and work legally in Bulgaria , as wellas live, work, study, and own land in Europe. This offers several benefits, which we will discuss a littlelater in the article.

Why Bulgaria?

Not only does Bulgaria offer one of the fastestprogrammes for citizenship, the country itself hasseveral great features. Bulgaria is located in thesoutheastern part of Europe, on the western coast ofthe Black Sea. Today, it is the 16th largest companyon the European continent. Bulgaria is known as amelting pot, with influences that include those of thePersian, Slavic, Greek, and Ottoman empires. It isrich in its own heritage of costumes, crafts, music,and dance. Bulgaria is also home to the RilaMonastery, Vitosha Mountain, Srebarna NatureReserve, and so much more.

How to Buy Second Citizenship inBulgaria

Much to the surprise of many people, it is verysimple to buy a second citizenship in several countries, including Bulgaria. The requirement forBulgaria is that 1 million BGN is deposited into a Government Bond Portfolio. This is equivalent to alittle less than $600,000 USD. You must keep this amount in the portfolio for five years. It will bereturned to you at the end of the five-year period, without any interest, however, you will not owe anyadditional money.

Before you invest this amount, however, you will want to make sure that you meet the rest of the criteriafor application of citizenship. This will ensure you do not waste your time or your money if you cannotmeet requirements. First, you will need to provide documentation that shows the origin of the investedmoney. Second, you will need to be a non-European citizen that has a valid passport. Third, you willhave to prove that you have no criminal record. The final requirements are that you pay the applicationfees, make the minimum trips to Bulgaria during the five year period of your investment, and attest tothe Investment Agreement, as well as the Power of Attorneys Agreement. If you can meet all of theserequirements and provide the investment amount, you can easily buy second citizenship in Bulgaria.At the end of the five year period, your funds will be returned to you. Additionally, you will be eligible forpermanent residence in Bulgaria. In addition to offering the many benefits that will be discussed later inthis article, you also gain access to the high-quality healthcare that Bulgaria and the continent ofEurope have to offer, as well as tax exemption on world income in certain conditions.

The Fast-Track to Buy EU Citizenship

If five years seems too long to wait, there is a subsidy of the Investor Programme that allows you tobecome a citizen faster. For this program, you must be a permanent resident for at least one year.Additionally, you must double the amount of the investment. Instead of investing in a Government BondPortfolio, however, you also have the option of investing your capital in a Bulgarian Company. Finally,you must hold this second investment for a minimum of two years. Under these conditions, you canusually gain legal citizenship within two years.

Benefits of the Investor Programme for Residence and Citizenship inBulgaria

When you choose to buy second citizenship from the country of Bulgaria, you will find that there areseveral benefits. The first benefit is that you can usually gain legal residency in just 6-9 months. Youare also exempted from physically residing in the country of Bulgaria. Instead, you will be required tomake two separate statutory visits for each part of the application process. Another benefit of thisinvestor programme to buy EU citizenship is that you can work and operate your business under thelaws of Bulgaria. Like the rest of Europe, it offers a free trade environment and some of the lowest taxrates in the world. Additionally, this programme allows you to gain residency or citizenship withoutmeeting specific requirements. Finally, when you choose to buy second citizenship through thisBulgarian program, there is no obligation to relinquish your right to hold your current nationality orcitizenship.

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