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Bulgaria Business Visa
Bulgaria business visa On 26th February 2021, the Bulgarian Parliament overhauls the current Bulgaria Investment Citizenship programs by introducing Bill that amends the Bulgarian Citizenship Act. The recent changes will witness more investment options and faster processing times. However, the changes will be in force in the next 15 days from the amendment bill. It will give more time to the business applicants around the world to prepare for this improved program.
What are the main changes in the Bulgaria Golden Visa?
- The primary change is the introduction of New diverse range of investment options
- Government/sovereign bonds will no longer be available for the program
- The investment requirement remains the same at the reasonable level of €500,000 (For fast-track process – Doubled Investment €1 million)
- The thresholds for investment in one of the options (directly held equities) are increased
- Fast Track route and Standard Route will remain available for the applicants
- Introduction of Additional assurances to applicants
- A shorter time frame of 1 year for the spouses/dependents for Citizenship
- Processing timelines for Bulgaria Golden Visa are expected to be faster than before
What are new investment options for Bulgaria Residency by Investment?
- Stocks traded in Bulgaria – EUR 1,024,000 / USD 1,240,000 / INR 9 Crore
- UCITs (EU controlled fund vehicles) including Exchange Traded funds (ETFs) with a focus on Bulgaria – EUR 512,000 / USD 620,000 / INR 4.5 Crore
- Investing in Alternative investment funds (AIFs) (including private equity, venture, and hedge funds), with a focus on Bulgaria – EUR 512,000 / USD 620,000 / INR 4.5 Crore
- Participation in a Bulgarian company with Certified Priority Investment Project (CPIP) – EUR 1,024,000 / USD 1,240,000 / INR 9 Crore
- Participation in a Bulgarian company and employing minimum 10 Bulgarian Residents – EUR 257,000 / USD 310,000 / INR 2.23 Crore
- Participation in a Bulgarian company, invested in any sector or geography – EUR 3,075,000 / USD 3,700,000 / INR 26.9 Crore
- Investment in a Certified Investment Project (CIP) (different from CPIP above) – Exact amount and conditions are project-dependent for Bulgaria Residency by Investment applicants
ELIGIBILITY CRITERIA
- Must be able to make the abovementioned investment from any one category
- Demonstrate exact source of funds and finances
- Must maintain the investment for additional two years past citizenship grant and five years in total
- Have Identity Proof of the applicant and dependents
- Provide information on the vocational/business/professional background of the applicant with relevant documents
- Have Criminal Record Check from the country of origin or permanent residence
APPLICATION PROCESS
- Arrange documents and prepare an application for the Bulgaria Golden Visa
- Submission of application and processing fees
- Sign documents at the Bulgarian Consulate
- Transfer the required Investment funds
- Receive Investment Certificate by Bulgarian Ministry of Finance
- Take a second appointment with the Bulgarian Consulate
- Application for Visa D
- After approval, take the 1st Trip to Bulgaria
- Apply for a Permanent Residency Certificate (PRC)
- After approval, take the 2nd Trip to Bulgaria
- Apply for Bulgaria ID Card
FEES
Processing time is 6 to 12 months for the permanent residency in Bulgaria. For Citizenship, there are two routes – Fast Track and Standard. With a fast track route, applicants can attain Citizenship after two years, and the Standard course offers Citizenship after five years.
Standard Route:
- EUR 20,000 – Family of 2
- EUR 5,000 – Dependent up to 5 children
- EUR 2,500 – Each additional Child
Due Diligence Fees:
- EUR 7,000 – Main applicant
- 3000 – Dependents age 14 to 18
- 5000 – Dependents age above 18
Fast Track Route for Europe Business Visa:
- EUR 20,000 – Family of 2
- EUR 5,000 – Dependent up to 5 children
- EUR 2,500 – Each additional Child
Due Diligence Fees:
- EUR 7,000 – Main applicant
- 3000 – Dependents age 14 to 18
- 5000 – Dependents age above 18
PROCESSING TIME
How amoldeglobalmigration can help for Cyprus Residency by Investment:
- s the only Immigration specialist In Dubai with an expert team and experience dealing with business and investor applications for more than two decades. It is a highly demanding, high-risk category of Immigration.
- Profile Assessment to identify the right country and program, viz. Residency by Investment or Citizenship by investment or Entrepreneur programs.
- Exceptional advice for dependent/non-dependent children and parents
- Superior guidance for clients having limitations of staying outside Dubai for long
- Documentation guidance is critical to acceptance, including the all-important area of source and path of funds, business, and personal net worth.
- Professional Business Plan Drafting by the best business visa consultants
- Market Research vis-à-vis Business for Sales listings and Start-up ideas.
- Online IELTS Coaching.
- Overseas Company Incorporation.
- Taxation planning and advice.
- Planning and coordinating Exploratory Visits with active assistance from Local associates
- Start-up Guidance and coordination vis-à-vis Incubators, Angel Investors and Venture Capitalists
- Application Process through licensed Immigration consultants/Attorneys
- Turnkey services
- Concierge services for Premium client
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