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Bulgarian Citizenship by Investment Financing Products

Get financing to obtain a EU/Bulgarian Passport

bulgaria citizenship by investment financing productsBulgaria has one of the most compelling citizenship by investment programs worldwide. Investing EUR 1,024,000 (BGN 2,000,000) in 5-year maturity interest-free government bonds, you and your family can get an EU passport in as little as 18 months.

Let’s dissect the process:

First step – Obtaining an instant permanent residence permit

According to the Foreigners in the Republic of Bulgaria Act, Article 25, par 1, item 6:

A permanent residence permit may be granted to foreigners:

6. who have invested in Bulgaria more than BGN 1,000,000 or increased their investment by such an amount by acquisition of:

a) shares of Bulgarian commercial corporations traded in a regulated Bulgarian market;
b) bonds and treasury bills, as well as derivative instruments thereof, issued by the State or the municipalities;
c) title to a separate part of the property of a Bulgarian commercial corporation wherein the State or the municipalities hold more than 50 percent of the capital in accordance with the Privatisation and Post-Privatisation Control Act;
d) shares in a Bulgarian commercial corporation held by the State or the municipalities in accordance with the Privatisation and Post-Privatisation Control Act;
e) Bulgarian intellectual property – objects of copyright and neighboring rights, patent-protected inventions, utility models, trademarks, service marks and industrial design;
f) rights under concession contracts within the territory of the Republic of Bulgaria.

Second step – Obtaining fast-track citizenship:

According to the Citizenship Act, Section III:
(1) Any person, who is not a Bulgarian citizen and who possesses the qualifications referred to in Items 1 and 3 of Article 12 (1) herein, may acquire Bulgarian citizenship by naturalization if:

1.       not less than one year theretofore, he or she had been granted a permanent residence permit for the Republic of Bulgaria in pursuance of Item 6 or 7 of Article 25 (1) of the Foreigners in the Republic of Bulgaria Act and has increased his/her investment in compliance with the same conditions of the law to at least BGN 2 million or has invested not less than BGN 1 million in the capital of a Bulgarian commercial corporation which executes a priority investment project certified according to the procedure established by the Investment Promotion Act.

Timeline

3-5 months to process permanent residency application + 12 months to be eligible for citizenship + 3-5 months to process citizenship application. Total = 18-22 months.

Summary

In summary, you invest €1,024,000 in Bulgarian interest-free government bonds, you obtain your Bulgarian Passport in less than two years and you recover the principal in 5 years.

Although there are other investment options to get Bulgarian citizenship, investing in government bonds is an almost risk-free option. Bulgaria has the lowest debt-to-GDP ratio (26.7%) in the EU after Estonia (9%) and its economy is growing at a yearly 3%, hence it seems that a default is not likely. Also, the Bulgarian Lev (BGN) is pegged to the EUR at a 1.95:1 ratio.

Of course, put €1 million 5 years without accruing interest is painful, but if you are seeking an EU passport, Bulgarian citizenship by investment costs are the lowest.

However, you can also consider investing in shares of a Bulgarian public company or in intellectual property for returns.

What do I get with a Bulgarian Passport?

The Bulgarian passport can be of great value for any non-European citizen, considering the following benefits:

  • The Bulgarian passport allows visa-free travel or visa on arrival to 154 countries, including the Schengen Area, Turkey, Australia, New Zealand, Southeast Asia, Japan, South Korea, South America, Mexico and the Caribbean, among others.
  • Acquiring Bulgarian citizenship implies acquiring full EU citizenship, enjoying access to the European market and freedom of movement, and all benefits that it entails.
  • Bulgaria is qualified to be a member of the Schengen Area.
  • The right to settle and/or do business in any EU / EEA country or in Switzerland.
  • The right to buy land in Bulgaria and other EU countries.
  • Access to the educational system in Bulgaria and other EU member states.
  • The right to obtain medical care and social benefits in Bulgaria and in the European Union.
  • No physical residency and language skills requirements.

Although obtaining the Bulgaria residency/citizenship by investment does not imply any tax liability, plant a tax residency flag may be attractive. Consider that both personal and corporate income tax rate is 10%, and dividends and interests are subject to a final 5% and 8% tax, respectively. Furthermore, Bulgaria has concluded about 60 tax treaties.

Bulgaria has amazing mountains, landscapes and natural parks, historical towns, modern cities and nice beaches, where take a dip into the Dead Sea and enjoy its summer high temperatures. Bulgaria is in a two-hour flight from all European cultural and financial centers and the cost of living is cheap, very cheap.

Do not have €1 million available? Flag Theory | Passports.IO can finance your government bond purchase for a €330,000 fee or through equity financing for just €270,000. These have been very popular options because, although there is no capital return, the non-refundable investment is considerably smaller than Malta’s passport program (€650,000) or Cyprus’ program total cash outlay (+€2 million).

Furthermore, we have several other products that will lead you to Bulgarian Citizenship.

Bulgarian Citizenship by Investment Products

Equity Financing I

We finance Equity worth EUR 512,000 using the all-in handling fee. You hold it for 60 months.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 60 months

Investment in EUR (Refundable)  – 0

All-in Handling Fee in EUR (Non-refundable)  – 185,000

Equity Financing II

We finance Equity worth EUR 1,024,000 using the all-in handling fee. You hold it for 60 months.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable)  – 0

All-in Handling Fee in EUR (Non-refundable)  – 270,000

Bond Financing I

Investment in 1 Bulgarian Government Bond financed  through us, and hold it for 60 months.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 60 months

Investment in EUR (Refundable)  – 0

All-in Handling Fee in EUR (Non-refundable)  – 210,000

Bond Financing II

Investment in 2 Bulgarian Government Bonds financed  through us, and hold them for 60 months.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable)  – 0

All-in Handling Fee in EUR (Non-refundable) – 330,000

Property I

Investment in 1 Golf Course Villa / Apartment, and 2 Hotel  Shares, and hold them for 84 months.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable)  – 412,000

All-in Handling Fee in EUR (Non-refundable)  – 88,000

Product details

1 out of 154 shares of the 4 Star Luxury Central Park Hotel Sofia.

1 out of 420 shares of the 4 Star Hotel Lilia in Golden Sands (Varna) at the beautiful Black  Sea Coast

1 Golf course villa in the Luxury Lighthouse Golf and Spa Resort (Varna) at the beautiful  Black Sea Coast

Our hotels and golf course villas:

  • Are not government approved;
  • Are privately held hotel operations that are well-established in Bulgaria;
  • Are very profitable.

Dividends of the hotel shares for the first seven years, are collected to co-finance the underlying  Government Bonds.

Property II

Investment in 4 Hotel Shares, and hold them for 84  months.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable)  – 412,000

All-in Handling Fee in EUR (Non-refundable)  – 88,000

Product details

2 out of 154 shares of the 4 Star Luxury Central Park Hotel Sofia.

2 out of 420 shares of the 4 Star Hotel Lilia in Golden Sands (Varna) at the beautiful Black  Sea Coast

Our hotels and golf course villas:

  • Are not government approved;
  • Are privately held hotel operations that are well-established in Bulgaria;
  • Are very profitable.

Dividends of the hotel shares for the first seven years, are collected to co-finance the underlying  Government Bonds.

Life Insurance I

Investment of a minimum of EUR 1,500,000 with  annual return in a Unit Linked Life Insurance (first  insurance), and hold it for 5 years.

To increase the death benefit, you may invest in a  Universal Life Insurance (second insurance), with  leverage, financed by a loan based on the insurance  cash value of the Unit Linked Life Insurance (first  insurance). This second Life Insurance provides annual  guaranteed and non-guaranteed returns.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable)  – 1,500,000

All-in Handling Fee in EUR (Non-refundable)  – 0

Life Insurance II

Investment of a minimum of EUR 1,500,000 with  annual return in a Unit Linked Life Insurance (first  insurance), and hold it for 8 years. In addition to  Bulgarian citizenship, you receive:

  • St. Lucia citizenship in 90 days;
  • Global Health Insurance.

To increase the death benefit, you may invest in a  Universal Life Insurance (second insurance), with  leverage, financed by a loan based on the insurance  cash value of the Unit Linked Life Insurance (first  insurance). This second Life Insurance provides annual  guaranteed and non-guaranteed returns.

Time to Bulgarian Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable)  – 1,500,000

All-in Handling Fee in EUR (Non-refundable)  – 0

Life Insurance III

Investment of a minimum of EUR 2,000,000 with annual  return in a Unit Linked Life Insurance (first insurance), and hold  it for 8 years. In addition to Bulgarian citizenship, you receive:

  • St. Lucia citizenship in 90 days;
  • Global Health Insurance;
  • Visa of US, Canada, or Australia, which can lead to permanent residency.

To increase the death benefit, you may invest in a Universal  Life Insurance (second insurance), with leverage, financed by a  loan based on the insurance cash value of the Unit Linked Life  Insurance (first insurance). This second Life Insurance provides  annual guaranteed and non-guaranteed  returns.

Life Insurance Financing Starter

Investment of only EUR 250,000 in a Unit Linked Life  Insurance with an Insurance Premium of EUR 750,000,  with no annual return, and hold it for 5 years. The  remaining EUR 500,000 is financed through us.

At any time, you can opt for the fast track (18 months)  by investing a further EUR 250,000, making the total  investment EUR 500,000. We further finance EUR  500,000, leading to the new Insurance Premium of EUR  1,500,000.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 60 / 18 months

Investment in EUR (Refundable) – 250,000 / 500,000

All-in Handling Fee (Non-refundable) – 0

Life Insurance Financing I

Investment of only EUR 500,000 in a Unit Linked Life  Insurance with an Insurance Premium of EUR 1,500,000,  with no annual return, and hold it for 5 years. The  remaining EUR 1,000,000 is financed through us.

Time to Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable) – 500,000

All-in Handling Fee (Non-refundable) – 0

Life Insurance Financing II

Investment of EUR 750,000 in a Unit Linked Life  Insurance with an Insurance Premium of EUR 1,500,000,  with no annual return, and hold it for 8 years. The  remaining EUR 750,000 is financed through us. In  addition to Bulgarian citizenship, applicant receives:

  • St. Lucia citizenship in 90 days;
  • Global Health Insurance.

Time to Bulgarian Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable) – 750,000

All-in Handling Fee (Non-refundable) – 0

Life Insurance Financing III

Investment of EUR 1,000,000 in a Unit Linked  Life Insurance with an Insurance Premium of EUR  2,000,000, with no annual return, and hold it for 8  years. The remaining EUR 1,000,000 is financed through  us. In addition to Bulgarian citizenship, applicant  receives:

  • St. Lucia citizenship in 90 days;
  • Global Health Insurance;
  • Visa of US, Canada, or Australia, which can lead to permanent residency.

Time to Bulgarian Permanent Residency  – 6 months

Time to Bulgarian Citizenship  – 18 months

Investment in EUR (Refundable) – 1,000,000

All-in Handling Fee (Non-refundable) – 0

About the Insurer

Vienna Insurance Group – VIG Group is an Austrian Life Insurance company, founded in 1984 with more than 184,000 employees. It is an EU regulated group, with A+ S&P Rating and Stock-market listed, transparent balance sheet and financially stable.

Steps to EU citizenship via Life Insurance

  1. Sign client service agreement (2 days)
  2. Fill in and sign all Life Insurance application forms (1 day)
  3. Pay insurance premium (minimum of EUR 1,500,000) to the Life Insurance company (within 30 days)
  4. Sign power of attorney with law firm in Bulgaria (1 week after insurance payment)
  5. Gather requested documents (depending on the applicant, days to weeks)
  6. Visit Bulgarian embassy at country of residence to apply for Visa D
  7. Travel with Visa D to Bulgaria to apply for permanent residency, which is provided in about 4 months
  8. After a waiting period of 12 months with permanent residency status, apply for Bulgarian citizenship
  9. Pick up passport in Bulgaria, or at any Bulgarian embassy in the world. Having access to 153 visa-free countries makes the Bulgarian passport the 18th best passport in the world

If you want to know further details about this program and our products, as well as discuss other options, apply now for a free private consultation call and start your journey towards more freedom, privacy and wealth.

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