Certificate of Tax Evaluation of the property – issued by the tax office at the location of the property. The Bulgarian Citizenship by Investment Program offers straightforward routes to acquiring European Citizenship for the entire family with freedoms to live, work and study in any of the 28 EU member states. In this case, all funds shall be kept on the agent’s account until you receive citizenship. Registry Agency at the Ministry of Justice of the Republic of Bulgaria, All You Need To Know About Medical Insurance for Foreigners in Bulgaria. Edifício Castil, 1 of the Tax-Insurance Procedure Code (TIPC). 2019 THE BEST PLACE FOREIGNERS ARE BUYING PROPERTY IN TURKEY. There are also no longer any restrictions on the type of property a foreigner can buy. No. Exams in Bulgarian for citizenship. Yes, but with some restrictions depending where you come from. Have the status of permanent residence under the Bulgarian Investment Immigration Program (BIIP) for at least 1 year, having invested 1,000,000 leva (511,292 euros); All family members can obtain citizenship, Renunciation of main citizenship is not necessary (second citizenship allowed), No requirement to know and speak Bulgarian language, Children can study in European universities on common terms, Visa-free or visa-on-arrival regime with over 169 countries, including Canada, the UK and Schengen countries, Possibility to establish or own a business in Bulgaria or any other EU or EEA state or Switzerland. 10. Residing in Bulgaria is not required neither during the permanent residency or citizenship application process, nor after obtaining the status. Required fields are marked *. You can unsubscribe at any time in one click if you find this information irrelevant. The co-owners must have no outstanding obligations concerning the property (to have paid the property tax and waste management fees) and this fact must be indicated in the Certificate of Tax Evaluation of the property. According to Art. Normally, the process takes up to 2 years. Payment can also be made through world-renowned escrow agents. When these conditions are met, the investor can expect to receive a Bulgarian passport after 18 months. The articles we send will help you make the right choice. var h=d[g]("head")[0] || d[g]("body")[0]; We have been working for you for over 18 years now. This Power of Attorney must specifically describe the representation rights granted by the authorizer to the authorized. 9. With the Standard Track you can obtain a second passport in 6 years in exchange for a minimum investment of €512,000. If the user is deceased, an excerpt of the Death Certificate must be submitted. Lisboa 1250 - 096, Ave. Al-Farabi, In the event that the seller(s) is divorced, the court judgment for the dissolution of the marriage in divorce is to be presented. If the property has land (i.e. When the property was received as an inheritance – Certificate of Inheritance, Death Certificate of the ancestor, will. Likewise, those who are yet to buy a property in the EU, but dream of one day doing so, could even need a special investment visa just to be allowed to do so. Our attorney controls the whole process. Buying off-plan property inevitably involves higher risk than buying re-sale property. A visit to Bulgaria is not required. Passport in exchange for investment in EU and Caribbean economies: Detailed programs overview, Knight Frank report: 34% of high-income individuals have obtained a second citizenship, Real estate in the Caribbean: the whole truth about returns on investment. • Title Deed, registered with the Registry Agency – title deed for purchase and sale, title deed for donation, title deed for exchange, notarized statement of ascertainment; In practice obtaining Bulgarian citizenship by investment takes from 2 to 5 years since the program does not work properly (obtaining permanent residency takes 6 months; after that an applicant has to wait for one year to apply for citizenship; then it takes another 3-6 months for an application to be examined). EUR 500,000 in bulgaria real estate (property investment in a home) Temporary residency to live in Bulgaria; Processing time is 3 months. I appreciate you for sharing…. In the event that the seller is unable to attend the performance of the deal personally, he/she is legally entitled to authorize a third person to represent him/her by means of a Power of Attorney. The buying process is generally straightforward and can complete within a few weeks. By acquiring a business or real estate worth not less than 300,000 euros, an investor may apply for a temporary residence permit in Bulgaria, which does not lead to permanent residence or citizenship. We start working on a case only if we 100% sure we can help a client to obtain citizenship or residency. 上海市奉贤区奉浦大道111号, St. Bolshaya Gruzinskaya This article couldn’t be written much better! Citizenship or residency can be bought in these 23 countries, ranging from $15,253 to $2.57 million. office 8c. 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