We can assist you in obtaining Bulgarian citizenship (second passport) by taking advantage of one of the several investment programs set out below. The Republic of Bulgaria is a member of the European Union (EU) since 2007 and all EU passport holders have the right to travel, live and work in any one of the 29 countries members of EU. In addition, the applicable law regarding obtaining citizenship through investment was amended in 2013 and now there is an option for fast track processing. Bulgaria’s investment programs target high net worth Individuals who have the ability to invest either € 510 000 or € 1,000,000 approximately (for Fast Track processing).

Size of investment

Making an investment in Bulgaria in the amount of € 510 000 gives the right to the investor to obtain a permit for permanent residence. After five years this permit is grounds for acquiring Bulgarian citizenship through a simplified procedure.

The motive force of the vehicle is NOT held responsible if: Environmental factors (along with the weather) caused the accident The coincidence become caused by sharp curves in the road The twist of fate become as a result of defective vehicle components Defects in the center of the roadway induced the twist of fate Of path, it need to be verified that the driver of the vehicle become now not at fault in any way. The driving force of the vehicle IS held accountable while: The twist of fate become due to operator errors Speeding brought on the twist of fate Fatigue become the cause of the accident The coincidence was because of the driver’s negligence in any way The use of substances brought about the coincidence When concerned in a single-automobile accident, no matter who is at fault, constantly talk with a vehicle coincidence lawyer in Philadelphia to recognise what your alternatives are.

In the event that the Investor increases the size of their investment to € 1,020,000 after acquiring the permit for permanent residence, they are entitled to apply for a fast track procedure for obtaining Bulgarian Citizenship. The latter allows the investor to apply for Bulgarian citizenship after two years from making the initial investment.

Investment program

There are three types of investment that are applicable:

• • • • Investment in shares of Bulgarian commercial companies traded on the Bulgarian Stock Exchange (BSE).This type of investment can be carried out by purchasing shares either of existing companies, or by establishing a new  company by the investor that will subsequently be listed on the BSE;
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    • Investment in bonds and treasury bills, issued by the Republic of Bulgaria or local municipalities;
• ü   Contract for discretionary portfolio management with a licensed bank in the Republic of Bulgaria. 

Rights arising from the permit for permanent residence:

• The investor may enter and leave the country without a visa;
• The investor will have the right to travel within the Schengen area once Bulgaria is accepted in the zone;
• The investor is entitled to receive Bulgarian citizenship at a simplified procedure.

Benefits from acquiring Bulgarian citizenship by means of an investment program

• Acquiring Bulgarian citizenship is by means of a simplified procedure;
• No necessity to renounce any previous citizenship;
• No necessity to study the Bulgarian language;
• No minimum stay in the country required;
• Accelerated procedure  (the proposal to the president of R. Bulgaria is made within 6 months of submitting the application); 

  The above information is a introduction to the basic requirements for obtaining Bulgarian citizenship. There are a number of additional procedures and documents necessary applicable to the specific investment program. If interested, please contact us at: mb@marinacape.com.