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Residence by Investment, often referred to as "golden visa" programs, provides residency rights in exchange for substantial investment in the country. Bulgaria's Residence by Investment program allows foreign nationals to invest in the local economy, primarily through purchasing government bonds, and in return, receive permanent residency. The program is designed to attract wealthy individuals looking to base part of their lives or business operations in Bulgaria, thereby boosting the local economy through increased foreign investment.
Engaging a lawyer is crucial for navigating the legal landscape of Residence by Investment in Bulgaria. Common situations where legal assistance may be required include:
The legal framework governing Residence by Investment in Bulgaria is primarily centered on the Foreigners in the Republic of Bulgaria Act and relevant taxation laws. Key aspects include:
The minimum investment typically involves several hundred thousand euros, depending on the type of investment chosen.
Yes, spouses and dependent children can be included in the application and can benefit from the residency status.
After obtaining residency, one can apply for citizenship after a certain period of maintaining residence, following specific criteria stipulated by law.
Yes, but the investment must meet the minimum financial requirement, and it should comply with Bulgarian real estate laws.
The application process can range from several months to over a year, depending on the type of investment and processing procedures.
Bulgarian language proficiency is usually required for permanent residence and citizenship applications, but specific requirements can vary.
Yes, residency by investment generally allows you to live, work, and study in Bulgaria.
Maintaining residence usually requires ongoing compliance with the investment and periodic renewals as stipulated by law.
Tax residency is determined by physical presence and other factors; legal advice may be necessary to understand individual implications.
While poor investment performance itself does not affect residency, failure to maintain the required investment level could jeopardize your residency status.
To explore Residence by Investment further, consider engaging with the following:
If you are considering Residency by Investment in Bulgaria and need legal advice, consider the following steps:
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.
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