Bulgarian law creates the possibility for investors to obtain Bulgarian temporary residence by purchasing real estate which is becoming increasingly well-known internationally. The minimum amount of investment required is approximately € 310,000 (US$ 346,000).
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How do I get permanent residence in Bulgaria?
Permanent residence by prolonged stay
Obtaining temporary residence in Bulgaria and renewing it annually for a period of five years and residing physically in the country for 30 months in the last five years, you are eligible to apply for a permanent residence in Bulgaria.
Is it easy to get residency in Bulgaria?
The registration of a trade representative office in Bulgaria allows foreign persons to easily obtain a temporary residence permit that is valid for up to 1 year, and is renewable annually.
Which countries give you residency by buying property?
Below is a quick overview of countries offering citizenship or permanent residency through property investment to foreign investors.
- Spain. EUR 500,000 property purchase in Spain (home, apartment, villa)
- Malta.
- Portugal.
- Cyprus.
- United States.
- Greece.
- Ireland.
- Montenegro.
Can foreigners buy houses in Bulgaria?
According to Bulgarian law, foreign citizens of EU countries or the European Economic Area (EEA) have the right to buy property in the country, including land. This also means that foreigners can invest in property in Bulgaria – either through a local legal entity or personally.
Can I buy a house in Bulgaria after Brexit?
In Bulgaria, non-EU citizens are allowed to buy built property and in this case they are treated exactly as EU citizens. Non-EU citizens, however, are not allowed to acquire land, so if a British national wants to buy a country house with yard, this may no longer be possible as an individual.
Can you live permanently in Bulgaria?
If you have resided legally (on the basis of a long-term residence permit) and continuously in Bulgaria in the last five years, you are entitled to apply for a permanent residence permit. The same applies to your family members.
Can I live in Bulgaria after Brexit?
Persons who want to enter Bulgaria starting with 2021 after the Brexit transition period is over do not need visas if their stay here will not exceed 90 days in a period of 180 days. They will only need their valid passport.
How long does it take to get residency in Bulgaria?
5 years
To obtain a permanent residence one must spend 5 years in Bulgaria according to the long-term stay conditions. Getting Bulgarian residence will give you all rights of a Bulgarian citizen except the right to vote. You will also be able to enter and leave the country as many times as you wish without visas.
How long does it take to get Bulgarian residence permit?
The temporary residence is issued within 3 to months only.
After the investment is completed, the applicant has to apply for a D visa with the nearest Bulgarian embassy or general consulate. Once the D visa application is approved, the applicant has to file a residency application with the local Migration Office.
Which country gives easy citizenship?
Ecuador. Ecuador joins countries where Indians easily get citizenship due to their citizenship by investment programme. It’s a small but developing country in the top west coast of South America having immense tourism and economic potential.
Which countries offer permanent residency?
That means you are a legal inhabitant in the country. The status of permanent resident gives you the right to stay indefinitely. That said, permanent residents have quite a few limitations compared to U.S. citizens. All permanent residents, after a certain duration of time are eligible to apply for citizenship.
Which European country gives permanent residency easily?
PORTUGAL: One can easily make the cut for Portugal’s Golden Visa program by donating generously to the scientific or art culture, or by simply making a purchase in the real estate. This being the easiest option, is also the most preferred, and demands high monetary involvement for its successful completion.
Can a UK resident buy property in Bulgaria?
In Bulgaria non-EU citizens are allowed to buy apartments and in this case they are treated exactly as EU citizens. Non-EU citizens, however, are not allowed to acquire land, so if a British national wants to buy a country house with yard, this may no longer be possible.
Can a foreigner get a mortgage in Bulgaria?
Both permanent and non-permanent resident aliens can obtain mortgages in Bulgaria, pretty much like Bulgarian citizens. The mortgage application process as well as the interest levels and conditions will be very similar to that of BG citizens.
Can I still buy property in Bulgaria?
Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. All non-EU natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built.
Is Bulgaria a good investment?
Bulgaria still has some of the lowest real estate prices in all of the European Union. While prices are currently rising, the time for investing is now.The capital city, Sofia, and some of the other big cities, such as Varna, Plovdiv, Ruse, and Burgas, are among the other preferred investment locations.
Can I get a mortgage in Bulgaria?
Buying a property in Bulgaria through mortgage is a very popular option.You should have in mind that the Bulgarian banks do not grant the full amount needed to buy the property. Usually you can get credit which is equal to 60-90% of the property value.
Where is the best place to buy property Bulgaria?
If you are looking for permanent residence, the best choice are the big cities. Such as the capital of Sofia, Burgas, Varna, Plovdiv where life is in full swing throughout the whole year. If you prefer quiet living, you can buy a home in small towns like Nessebar, Pomorie, Sozopol or Aheloy.
Can I immigrate to Bulgaria?
To qualify for residency or citizenship, applicants must fulfill one of the investment options below in addition to meeting the following criteria: Be a non-EU citizen. Possess a valid passport or another foreign travel document. Provide documents supporting the source and origin of invested funds.
Can I retire to Bulgaria?
Bulgarian offer favorable conditions for retired people to get a residence permit, and then move to live in Bulgaria. A Long-term Residence Permit stays in the country can be obtained by any foreign pensioner who has a place to live and enough money to stay in Bulgaria.
