The conditions of investment under this option are as follows:
- The investor should invest a minimum of EUR 300,000 in real estate in Bulgaria.
- The foreigner immigrant can make the investment as an individual or invest the EUR 300,000 to acquire minimum 50% stake in a Bulgarian company that will, in turn, invest the aforesaid amount in real estate in Bulgaria.
- The payment for purchase of real estate should be made through a Bulgarian bank.
- The investor can seek financing for the purchase provided the total loan outstanding is not more than 25% of the value of the real estate as on the date of application of permanent residence.
The applicant and family members are exempt from the mandatory residence requirement when holding this permanent residence permit. The extended residence permit is issued for a period of one year and the investment in real estate must be maintained to prevent suspension of the permit. The investor can apply for citizenship after a period of five years of permanent residence.
Take Note
This document is not intended to create an attorney-client relationship. You should not act or rely on any information in this document
without first seeking legal advice. This material is intended for general information purposes only and does not constitute legal advice. If you
have any specific questions on any legal matter, you should consult a professional legal services provider.