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Report: Citizenship by Investment for Bulgaria Received 193 Applications

October 2018, 08
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Investors filed 193 appeals for citizenship by investment in Bulgaria until the last month, as per the article on the New Balkans Law Office website. 

Bulgaria does not have a regular CIP developed by the government but which nevertheless allows what now seems to be a viable way to EU citizenship and it offers global investors two avenues by which to get a residence permit and, consequently, citizenship:

Investment Related Information for Citizenship by Investment

• A Bulgarian lev 1 million (approximately 511,000 EUR) investment held for a tenure of five years, upon which investors are qualified to appeal for naturalization (Standard Path).
• A Bulgarian lev 2 million investment held for a tenure of two years, upon which investors are qualified to appeal for naturalization (Fast Path).

Bulgaria saw a collective total of 95 Standard Path and 98 Fast Path appeals for citizenship by investment within 2013 and September 2018, as per the article which, it need to be noted, did not incorporate any sources. 

The article also reveals additional information that says:

• A median of 18 citizenship appeals was presented below the Fast Track path between 2013 and 2017, but that this number had nearly increased to 35 in 2018.
• Higher than three-quarters of Fast Track candidates came from nationals of former the Middle East or Soviet republics, with the command hailing from Russia.
• Till now in 2018, the Vice President’s Office has given more citizenships by investment than in the earlier four years joined.

Data on citizenship appeals by the standard path will become evident as the first candidates achieve their five-year mark this year.

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