Residence Visa Bulgaria
Residence Visa Bulgaria | GCI. We are the world's leading experts in advising foreign investors on Citizenship & Residency by Investment. Learn more about Bulgarian Residence Visa.
Bulgaria is the one of the youngest EU member states and is highlighted by diverse culture and green landscapes. Its access to the Black Sea and Danube River is boosting up all transport and economical infrastructure by being positioned on the crossroads between Central Asia and central Europe. The Largest city Sofia is also the capital and known for its combined architectural style and diverse ethnic inhabitants.
As a full member of the European Union, is having the same status of visa-free travel within Europe, UK, Switzerland and many other countries and considering that EU passport is a highly desirable item, by obtaining a residency status can ensure you a whole list of benefits and advantages.
Residence and Citizenship by investment benefits and advantage
The entire process of gaining Bulgarian citizenship is called Naturalization and is having a mandatory list of conditions and procedures and is usually taking up to many years to obtain it, but enrolling into Investment Residence Program can be a faster permanent residency acquire and this is will be the first phase for following and achieving the Citizenship. Due to the fact that each individual has his eligibility and related background, the facts and conditions might change and different requirements will be applied. It is highly advisable to check each detail and document before applying to such programs. Bulgarian Residency Program is developed with the purpose of obtaining permanent Bulgarian residence by investing in Bulgarian national bonds and is subject to change at any time by new implemented rules.
1. Bulgarian resident card and passport allows visa-free travel to a large number of countries worldwide and is entitling the owner to work and reside also within these states. (Not in Schengen Countries)
2. Members of the family as spouse and children under the age of 18 will also receive all of the included benefits.
3. It can take up to 6 months to complete the process once the down payment was submitted.
Procedure and Conditions for Bulgaria Visa
The Bulgarian residency by state bonds investment program requires an investment of 515,000 Euro on the residency bond program with a maturity of 6 years. This can be done only through certain companies that Bulgarian Government has already approved. Once you submit this fund, you and your entire family will have the full residency status. After the mandatory hold period, The Government will return the whole amount without any accrued interest. Another option can be also to initiate a loan from a Bulgarian chartered bank, proving eligibility of more than 1 million Euro assets. Submitting for Bulgarian Residency Program through our company The Consultant Middle East, is the guarantee for a fast and smooth process, having access to all our devoted and professional team members, making sure to provide the best tailored legal and confidential advises for all our clients.
The steps are mainly simple, particularly after signing service agreement, we will proceed as follows:
We will initiate pre-screening checks to determine your eligibility
Once pre-screening is finished, the foreign national would have to transfer the value of the bonds and company related costs.
The foreign national should present himself to Immigration Office to collect his biometric data, this is a compulsory step required by EU general rules. He will receive an official acceptance within the next 10 days.
Note: The applicants are not eligible if previously encounter rejection for visa to a country with which Bulgaria has visa-free travel agreements.
Costs for Bulgaria Visa
The cost for the entire program is as stated €515,000. Over this will be added Government application fees, legal and translation fees, background checks fees and other additional service fees. GCI from The Consultant Middle East are leading experts in obtaining private residence via our residency programs.
At GCI we understand that applying for an alternative citizenship can be a complex and daunting process. That is why we ensure that our service makes the application process as easy for our clients as possible.
We have many year experience in gaining private residence in some of the world’s top countries, some residency programs often eventually lead to citizenship. Now we are also in the Planing with the Government from Serbia and Bosnia for the next Citizenship Investment Program. Please call us!
Using GCI - Global Citizenship Investment will considerable increase the chances of success for obtaining your desired residency status. Submitting for residency / citizenship program through The Consultant Middle East Company is the guarantee for a fast and smooth process, having access to all our devoted and professional team members, making sure to provide the best tailored legal and confidential advises for all our clients.
We offer the following service elements as standard:
- A dedicated relationship manager as your single point of contact throughout your application.
- Professional guidance on the application procedure and support throughout the process.
- Documentation preparation and validation.
- Representation on your behalf before the Government.
- Management and resolution of any legal queries related to the application.
- Additional services available on request for clients wishing to utilise our partner network to support their application.
Facts for Resident Visa Bulgarian
Passport will only be issued after 6 years. The total all inclusive costs (Govt fee + Due diligence + Lawyer fee + Background Checks Fees etc) for one person should come around approx 557,500 EUR. Additional costs apply for dependants and family members. Or you invest incl. all the costs (Govt fee + Due diligence + Lawyer fee + Background Checks Fees etc) for one person around approx 1,072,500 EUR and get the passports after 2 year. Additional costs apply for dependants and family members. Your personal net Worth must be minimum 2 Mio. EUR.Visa-free travel within EU and Schengen area will be possible only after citizenship status (2-5 years) will be granted. Having the ID Card (Residency) you can travel after 3 weeks only within EU countries without Schengen area.
Taxes policy in Bulgarian
All Income earned in Bulgaria is taxed on a flat rate of 10% - Employment income earned in Bulgaria is also subject to various social security insurance contributions. In total the employee pays 12.9% and the employer contributes what corresponds to 17.9%. Corporate income tax is also a flat 10%. Value-Added Tax applies at a flat rate of 20% on virtually all goods and services. A lower rate of 9% applies on only hotel services.