PERMANENT RESIDENCE IN BULGARIA THROUGH GOVERNMENT SECURITIES – STEPS, PROCEDURE
January 7, 2020
Buying Bulgarian government securities is one of the ways to obtain a permanent residence permit in Bulgaria, which has been gaining popularity in recent years.
permanent residence permit issued by the local migration services in Bulgaria
allows foreign nationals to reside in Bulgaria without restrictions during the
relevant period. Obtaining a permanent residence permit is regulated by the Law
on Foreigners in the Republic of Bulgaria and a number of by-laws related thereto.
of a permanent residence permit issued by the respective Bulgarian authorities
receive a number of benefits. The benefits are:
The foreign citizen shall enjoy all legally guaranteed rights. Examples are – to
easily open bank accounts, conduct their own business, etc., except those for
which Bulgarian citizenship is explicitly required.
employment in Bulgaria without the need for obtaining an explicit permission from
the Ministry of Labor and Social Policy;
reunification of all members of the foreign national’s family (spouse and
children aged under 18) in Bulgaria. Where they can obtain a permanent
residence permit too (or a long-term residence permit depending on the specific
after the expiration of 5 years from the date of obtaining a permanent
residence permit, the foreign citizen shall be entitled to apply for a
Bulgarian passport (citizenship);
laws provide for 17 basic options for a foreign national to apply for and obtain
a permanent residence permit in Bulgaria. In this article, we present more
details about one of the most popular of these options. Namely obtaining a
permanent residence permit by investing in government securities, treasury
bills or shares:
residence in Bulgaria through investment in government securities, treasury
bills and shares.
possibility of obtaining a permanent residence permit for Bulgaria through
investments is regulated in Article 25, Paragraph 1, item 6 of the Law on Foreigners
in the Republic of Bulgaria.
option allows foreign nationals to apply for and obtain such a permit by
investing an amount of at least BGN 1 000 000 equivalent to EUR 512 000. A
foreign citizen may buy government securities in return for such investment. And
it should be noted that the amount invested will not be lost by the foreign citizen
and it is also guaranteed by the Bulgarian authorities.
using this method to obtain a permanent residence permit, a foreign national
can more easily meet the criteria for obtaining a Bulgarian passport
(citizenship). The investment must be kept for a certain period of time (5
years), or be increased to its double amount (up to an amount of at least EUR 1
024 000) after 12 months.
this option, there is no requirement for the foreign national to reside
physically in the country for a certain period of time. Or to speak Bulgarian,
as required by other more general naturalization options.
you need to know about permanent residence in Bulgaria through investment:
amount for investment: EUR 512 000 (equivalent to approximately BGN 1 000 000);
for completion of the procedure – approximately 6 months after carrying out the
period prior to applying for Bulgarian citizenship: 5 years (standard
procedure) or less than 2 years (fast procedure);
members who can obtain permanent residence with the main applicant: children aged
under 18; spouses if the marriage was concluded at least 5 years ago;
steps of the procedure for obtaining a permanent residence in Bulgaria through
investment in government securities:
1 – To buy Bulgarian government securities or treasury bills through a
Bulgarian bank licensed by the Bulgarian National Bank. Or through a foreign bank
or an investment broker offering Bulgarian government securities or treasury
for completion of this step: From 1-2 days to 1 month depending on the bank /
investment broker you choose;
2 – To apply to the Bulgarian Investment Agency and obtain a certificate
confirming the investment;
for completion of this step: approximately 14 business days;
3 – To prepare all documents required for the application of the foreign
national for the issuance of a long-stay (D) visa. The application shall be
submitted to the nearest Bulgarian diplomatic mission (embassy or consulate).
Typically, issuing a D visa takes about 30 days from the date of submission of
all required documents;
4 – To visit Bulgaria and apply for a permanent residence permit.
for completion of this step: It takes 1 day to submit the documents;
permanent residence permit is issued within a period of 2 months after the
submission of the documents;
Step 5 – To pay a state fee relating to the decision received from the Migration Directorate approving the application for a permanent residence permit. As well as issuing letters of confirmation by the Migration Directorate to be used by the foreign national for the purposes of their registration with the respective municipal administration;
for completion of this step: 2-3 days;
6 – After the foreign national is registered with the municipal administration,
he/she must appear at the Migration Directorate to provide fingerprints/photograph,
and obtain the issued permanent residence card;
for completion of this step: 3 days;
the foreign national wants to bring their family members to Bulgaria, the reunification
process can start only provided that the main applicant has received their
permanent residence card. The family reunification procedure is prepared in
advance by our legal team. So that once the green light is given to start it,
the entire family reunification procedure can be completed within 3 months.
Please contact us through the „Contacts” section for more information.
can read more about this topic here:
BENEFITS AND ADVANTAGES OF OBTAINING RESIDENCE PERMIT IN BULGARIA