Procedure and Investment requirements

The Investor may apply for Bulgarian citizenship by investment if he holds the permanent residence and maintains the investment for five years. There is no physical residence requirements or fluency in Bulgarian language as required by the general naturalization rules.

Requirements

Bulgarian citizenship requirements for investors are as follows:

  • Be of the age of maturity (note: children under 18 obtain citizenship when one of their parents becomes a citizen);
  • Must have maintained permanent resident status and a valid residential address for the past five years;
  • Has not been sentenced for a premeditated criminal offence and is not subject to criminal proceedings for such an offence;
  • Possesses an income and/or occupation allowing him or her to subsist in the Republic of Bulgaria.

Two speeds procedure

On the Standard Track, an applicant would become a permanent resident on completing the qualifying investment. After holding a qualifying investment for 5 years, on further application, such a resident would qualify for citizenship.

Fast Track

In December 2013, the Bulgarian Parliament passed legislation and made changes to the Bulgarian citizenship Act, according to which if an investor doubled the investment at any time after the first year from receiving permanent residency, he becomes eligible for citizenship within a further 6 months, rather than having to wait for the 5-year period to run out.

The fast-track option allows investors to apply for citizenship faster by doubling their investment. The requirements for this option are as follows:

  • Have at least one year of permanent residency status;
  • Double your investment in bonds in the second year followed by application for a Bulgarian citizenship and passport with the Ministry of Justice. The investor may apply for Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate;
  • Hold additional investment for a period of two years after citizenship is granted.

If Investors utilize the above mentioned options, they will be eligible for citizenship within 6 months of the additional investment. This means an investor can get Bulgarian citizenship within just 2.5 years, without any physical residency requirements. Maintaining the investment for 2 years you will get a lifetime Bulgarian citizenship and passport.