Bulgaria is one of the popular parts of the European continent. With its unique geographical location, Bulgaria is of great historical and cultural importance since it is the oldest country in Europe. The fact that the country is on the Black Sea coast and has rugged mountains has always been attractive to tourists. For most people, Bulgarian citizenship is attractive as it gives visa-free access to many countries. Although this opinion is completely correct, the advantageous aspects of obtaining citizenship in this country are not limited to this. Having Bulgarian citizenship provides unrestricted access to more than 174 countries and all opportunities provided by the European Union. The Bulgarian citizenship by investment program has long been a preferred option for foreign investors however, the updated version of the program has attracted even greater attention.

What is changed about the Bulgarian New Citizenship Program?

The Bulgarian New Citizenship Program is the only EU citizenship by investment program which allows fast-track citizenship. Fast-track citizenship means that candidates with all nationalities can achieve Bulgarian citizenship by investing 512,000 Euro in the first year and the second year, they need to double that investment to 1,024,000 Euro. So now you have a faster opportunity to be a Bulgarian citizen by doubling your investment if you are in permanent residency status for at least one year. Depends on your preference, you can invest at least BGN 1 million in the capital of a Bulgarian company (this company should be implementing a priority Project certified under the Investment Promotion Act and certified by the Ministry of Economy.) If you choose this option, you must at least double your investment (BGN 1 million more), and with your investment, at least 20 new jobs need to be created. Doubling the investment greatly accelerates the process of obtaining citizenship for candidates.

 When Bulgaria's old and new investment and citizenship programs are compared, it can be seen that the program is much easier for foreign investors. The fact that irrevocable investment is no longer required is absolutely good news for investors. The candidates do not need to donate money or purchase real estate (unless they want to) with that new plan. This means your investment remains yours, the government of Bulgaria is not the second part of it.

One of the most noticeable features of the new investment and citizenship program is the change in the conditions of spouses of applicants. During the implementation of the old program, the spouses of investors could only be eligible to become citizens of Bulgaria 5 years after the start date of applications. With the new program, this period has now been only 3 years and no additional investments are needed.

In conclusion, we strongly recommend that you check out Bulgaria's new citizenship by investment program. As BeCitizen, we are happy to support you in every question that comes to mind and in the process of obtaining this advantageous citizenship. You can contact us through e-mail or phone.