The Bulgarian Investor Program for Residence and Citizenship is currently closed and was a fast-track pathway to permanent residency and citizenship in the youngest EU nation for high net worth individuals and their families.

It was established in 2009 and closed in 2022. It was a way to attract more investment in the country. Once their application was granted, investors were given permanent residency status; after five years they could apply for citizenship, which would give them a Bulgarian passport.

There are many reasons why investors seeking second citizenship choose Bulgaria. The country has the lowest tax rates in Europe, with a flat income tax rate of ten percent. It is also one of the most stable economies in the EU. Its currency, the lev, is pegged to the euro and thus, the exchange rate stays constant.

Investors also found it easy to do business in Bulgaria, since the government offered many incentives. Since the country only recently became a democracy and free economy, there were many business opportunities to be tapped. The country also has a strategic geographic location that provides ready access to Asia through its two main ports. In addition, as a member of the EU, it was also easy for investors to do business with these countries.

WHY CHOOSE BULGARIA?

There are many reasons why investors choose second citizenship in Bulgaria. The country has the lowest tax rates in Europe, with a flat income tax rate of ten percent. It is also one of the most stable economies in the EU. Its currency, the lev, is pegged to the euro and thus, the exchange rate stays constant.