Turkey Business Setup
This program offers Bulgarian citizenship, the European passport, and all benefits of full EU citizenship. As a EU citizen you are allowed to live, work, study in any of the 26 European Union countries. EU citizenship also grants you access to all investment opportunities throughout the EU member nations, as well as visa-free travel to more than 150 countries in the world. The investment must be maintained for an extra 2 years past grant of citizenship, and 5 years in total. Bulgaria on the contrary, partially because it didn’t charge significant fee , combined with the demographic decline of the country, had only few relatively minor issues with the EU authorities about its citizenship by investment program.
For now, holders of a Schengen visa can visit Bulgaria, but Bulgarian visa holders cannot enter Schengen countries. The condo unit (3 bedrooms, 113 sq. m, fully furnished) can then be sold back to the service provider after 6 years , or alternatively be retained and sold on the open market. Whether to keep the buy-back option or retain ownership needs to be decided at the time of investment. Free access to the European market and do business in any EU/EEA country or in Switzerland. You will qualify for the Bulgarian tax resident.You will not be required to revoke your current citizenship. “The data shows that the aim to increase real foreign investment and economic development has not been achieved.
Bulgarias Economic Situation
Bulgarian passport holders have the right to stay in the territory of any EU state for an unlimited period of time. Bulgarian citizenship allows you to cross borders of 169 countries without applying for visas, including European Union countries and Canada. If the candidate meets any of the requirements mentioned above, he/she can obtain citizenship of Bulgaria, as well as the spouse and children under 18 years of age. Step-3– Confederation submits documents to the investment brokerage company, and the brokerage conducts a due diligence check. Once Bulgaria becomes a member of Schengen, PR-holders will have visa-free access to all Schengen countries.
The Bulgarian permanent residency program allows applicants to live in Bulgaria as long as desired. RCP is a leading independent immigration service firm, offering the best residency and citizenship by investment options in Europe. You should invest€512,000 in an ETF fund and can acquire permanent residence after making the investment. After one year, you can double your initial investment and you are immediately eligible to apply for citizenship.
How Good Is A Second Citizenship From Bulgaria?
The minimum amount of investment required is approximately € 310,000 (US$ 346,000). This gives you a quick and straightforward path residence in a country that is part of the EU. Bulgaria’s citizenship by investment programme was introduced in its current form in late 2013.
Under the terms of the transaction, the investor does not receive any interest. Return of the amount after 5 years is guaranteed by the Government of Bulgaria. The main advantage of the Bulgarian program is that the status of a citizen can be obtained in two years. I appreciate the great communication and identification of client needs, which are very important for present-day business.
Legalixa Law Firmis a full serviceTurkish Immigration Law Firmwith a long record of excellence and professional leadership in Istanbul, Turkey. OurTurkish citizenship attorneys work permit turkey are ready to assist you to file for Bulgaria Citizenship Program. Our Turkish citizenship lawyers represent our clients from application until they get their Turkish Passport.
Citizenship may be applied for after 60 months in permanent residency status. Ease of processingThe application for Bulgarian citizenship takes the longest of any other CBI programme worldwide, from two to five years, depending on the investment option chosen by the investor. While no local language or knowledge is needed, applicants must undertake an interview upon submitting their application.
Bulgarian passports are also international travel documents exclusively issued to the country’s nationals. In order to qualify for the Second Citizenship Program, you must prove that you have at least one million Euros in European Assets. The program does not cost one million Euros, but you must show that you have the capital. You can do this by presenting Bank Statements, Corporate Documents, property deeds, etc. Bulgaria, located in Eastern Europe, was a part of the Ottoman Empire for more than 500 years.
Bulgaria’s RBI program might as well be called residence by bond investment, because it’s the investment option that’s most widely spoken about and chosen by foreigners investing in the country. However, what sets Spain apart is its large economy and worldwide status. The country needs no introduction, its economic and political currents are somewhat predictable, and its real estate is highly coveted. US citizens who frequently do business in the EU, for example, may want to invest in an EU residence-come-passport to ensure visa-free access to the Schengen zone and other EU countries. This makes it an attractive option for someone looking to add an EU residence and an eventual passport to their portfolio without any cumbersome language or residency requirements. Not many people know that Bulgaria has an investment immigration program that offers its applicants residence and fast-tracks them to European citizenship.
Bulgaria offers free healthcare for its citizens; free education is also offered as it is in Europe. This makes Bulgaria a good decision financially as well as having the freedom to move visa free throughout 153 countries to conduct business. In Bulgaria, no payable tax requirements if you are not residing inside the country.
Bulgaria permanent residency offers applicants the permission to live in Bulgaria as long as desired. Citizenship applications already submitted on the bond investment will not be affected. Applicants who already hold a permanent residency status will be still allowed to follow the ordinary track, but the fast-track on bonds is no longer supported. Tweet this Share this on Facebook DONATE It seems, on the surface, like a great deal for everyone involved. Foreigners who invest at least €1 million (more than US$ 1.2 million) in government securities — or who simply deposit the money in a Bulgarian bank — can obtain Bulgarian citizenship for themselves and their families after 18 months.
Under this program, the applicant is allowed to choose the financing option (EUR 155,000 + fee of EUR 30,000) and obtains lifelong PR in 4-6 months, and the applicant holds PR status for 5 years then applies for citizenship. If the applicant follows the fast track program, he/she can obtain the Bulgarian passport as early as 18 months. This makes the Bulgarian program one of the fastest options for international investors looking to obtain EU citizenship. Investors can divest their investment two years after receiving citizenship.