Bulgaria is made up of 28 provinces and is a member of the European Union. Sofia City, Plovdiv, and Varna are the most important provinces. The country borders Turkey, Greece, Northern Macedonia, Serbia, Romania, and the Black Sea in Southeastern Europe. Bulgaria has a surface size of 110,993 square kilometers, making it Europe's 16th largest country. It has a mainly moderate climate. The geography is mostly mountainous in the north and southeast, with lowlands in the north and southeast. With a population of 6.9 million inhabitants, it is one of the EU's least populous countries. Sofia, the country's capital, is also the country's most populous city, with 1.2 million residents. Plovdiv and Varna are the next cities on the list. Sofia Airport (SOF) is the busiest, with 7 million passengers per year. With 2.8 million passengers per year, Burgas Airport (BOJ) is the second busiest airport in the country. Both airports connect Bulgaria to the European Union and the Middle East on local and international services.
Bulgarian culture is dominated by historic folk customs intertwined with Ottoman heritage. There is a diverse population, with the Easter Orthodox religion predominating. Bulgarian is the official language. The Civil Law is the foundation of the legal system. A parliamentary republic is the government type. The elected President Rumen Radev is the head of state, and the elected Prime Minister is the head of government.
The Bulgarian Lev (BGN) is the official currency. The country has an open economy, with a GDP of around $180 billion, placing it in the European Union's 32nd position. The per capita income of its residents is $26,034. The GDP is primarily composed of two primary sectors: services and industries. Coal, gas, fruits, and energy are some of the most important export items.
Bulgaria has a wide range of tourist attractions, both urban and natural. In the country, there are nine UNEECO world heritage sites. The Alexander Nevsky Cathedral, the Krushuna Waterfalls, the Buzludzha Monument, and the Pirin National Park are just a few of the significant attractions. Every year, roughly 7.8 million tourists visit the country, the bulk of which are from Europe and its neighboring nations. Bulgaria is working on boosting its winter tourism and ski resorts in addition to its already developed tourism industries.
Bulgaria
Bulgaria's investor program is one of the most popular in Europe. The country offers a number of benefits to investors, including a fast-track citizenship process and a favorable tax regime. If you're looking for Bulgaria residency options, there are a few different ways to go about it. One option is to invest in real estate. This can qualify you for a residency permit if you make a minimum investment. Another option is to apply for an entrepreneur visa. This requires that you have a business plan and meet certain financial criteria. However, it can be a great way to live and work in Bulgaria if you're able to meet the requirements.
The Bulgarian entrepreneur visa allows individuals to reside in Bulgaria for the purpose of setting up and running a business. The visa is issued for a period of one year and can be renewed for an additional year.
Invest in a Bulgarian company in which the Foreigner has invested the amount as capital, resulting in the acquisition of fixed tangible and intangible assets totaling BGN 500,000 and the employment of at least 10 Bulgarian nationals for the duration of the Foreigner's residence in Bulgaria.
The Bulgarian entrepreneur visa allows individuals to reside in Bulgaria for the purpose of setting up and running a business. The visa is issued for a period of one year and can be renewed for an additional year.
Invest in economically disadvantaged areas through a Bulgarian company in which the Foreigner has invested BGN 250,000 as capital, and which has acquired fixed tangible and intangible assets totaling BGN 250,000 and employed at least five Bulgarian nationals for the duration of the Foreigner's stay in Bulgaria.
This is a passive investor program, with a minimum investment amount of 1,000,000BGN.
The investor must purchase shares in Bulgarian commercial companies, traded on a regulated Bulgarian market; OR shares and treasury bonds and derivative instruments issued by the State or by municipalities, with a residual maturity of at least six months; OR ownership rights over an isolated part of the property of a Bulgarian commercial company with more than 50 percent state or municipal participation in the capital under the Act on Privatization and Post-privatization Control; OR shares or stoichiometric bonds issued by the State or by municipalities.
This is basically the same as the regular program, except there are additional 1000000BGN required and it allows for a fast-track to citizenship, after only 1 year.
The investor must purchase shares in Bulgarian commercial companies, traded on a regulated Bulgarian market; OR shares and treasury bonds and derivative instruments issued by the State or by municipalities, with a residual maturity of at least six months; OR ownership rights over an isolated part of the property of a Bulgarian commercial company with more than 50 percent state or municipal participation in the capital under the Act on Privatization and Post-privatization Control; OR shares or stoichiometric bonds issued by the State or by municipalities.
Invest in the capital of a Bulgarian firm that is not listed on the Bulgarian stock exchange.
Invest a minimum of 6,000,000BGN in a private Bulgarian company.
By purchasing internationally renowned real estate, investors can acquire temporary Bulgarian residency under Bulgarian law. The required minimum investment amount is 600,000BGN (approximately 350k USD at the time of writing). This expedites and simplifies the process of obtaining citizenship in an EU member state.
For this option, you will have to purchase a property directly by a company.
According to the SovSpot Passport Ranking Index, the Bulgarian passport is presently ranked 18th. It allows entrance to 175 countries without requiring a visa. It is one of the best-ranked passports in the world, with a high mobility score. Bulgarian passport holders can travel to nations including the United Kingdom, the United Arab Emirates, Japan, and the European Union without a visa. This enables for almost instantaneous travel opportunities all around the world. Bulgarian passport holders, on the other hand, need a visa to visit 54 countries around the world. China, India, and the United States are among the countries that require a visa.
18
175
The number of countries Bulgaria passport holders can enter without a visa (i.e. visa-free countries) and those Bulgaria passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Bulgaria passport ranking relative to other global passports (eTA). There are now 134 Bulgaria passport visa-free countries, 38 Bulgaria visa-on-arrival countries, and three eTA destinations. In total, Bulgaria passport holders can visit 175 countries without a visa, via visa on arrival, or using an eTA. As a result, Bulgaria's passport is currently ranked number 18 in the world. Apart from these Bulgaria visa-free and visa-on-arrival countries, there are 54 more countries where Bulgaria passport holders will require a physical visa or an eVisa (i.e. visa required countries).
Recent revisions to Bulgaria's citizenship law now permit applications for citizenship by descent up to the third generation. Therefore, you can become a citizen of Bulgaria if your parents, grandparents, or great-grandparents were citizens.
In addition, the process for applying for Bulgarian citizenship by descent is now more accessible and clear. You must present proof that your forefathers were Bulgarian nationals along with your application. It may take up to two years to obtain a response.
Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:
* In the case of first generation citizenship by descent, we assumed ONLY administration costs, which will be around $100 or less (usually free if application is done in the same country versus foreign embassy or consulate)
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