
Bulgaria Proposes Adding a Residency Requirement to Golden Visa
Any Bulgarian permanent residency holder who fails to meet it would lose their status if the bill passes into law.

Any Bulgarian permanent residency holder who fails to meet it would lose their status if the bill passes into law.

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Every country where your foreign pension faces single-digit taxation or less. Covers dedicated retiree flat-tax regimes, 29 territorial tax jurisdictions, and the EU’s 10% flat-rate options in Romania and Bulgaria.

With a €31,000 annual income threshold, Bulgaria enters a crowded field of European digital nomad visas with a one-year, renewable permit.

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Ivan Petrov details a path to EU residency for up to three individuals through Bulgaria’s Trade Office Representative route.

Bulgaria’s golden visa is the only one in the EU that requires no physical presence for purposes of naturalizing after five years.

From Q2 this year, those who hold visas to Bulgaria and Romania will be able to travel freely within the Schengen area, writes Ivan Petrov.

That such a large proportion of program participants appear to have tried to skirt the rules raise questions about who has been advising them.

Bulgaria no longer has a citizenship by investment program but has just updated its golden visa (which has a path to citizenship).

Globally, hundreds of millions of people have a great grandparent from an EU country. Too few of them are picking up citizenships for free.

After years of back-and-forth, Bulgaria’s semi-direct citizenship by investment program has sung its last verse.

The draft bill that, if adopted, would see the termination of Bulgaria’s semi-direct citizenship program passes its first legislative hurdle.

Though the govt. wants to end the program, comprehensive reform and extension of the program is an equally likely outcome, says Ivan Petrov.

Limited economic benefit combined with EU antipathy to CBI leads the Bulgarian government to conclude the program isn’t worth the trouble.

If you can prove that you have a Bulgarian parent, grandparent, or great-grandparent, you are eligible for citizenship in Bulgaria – and, by extension, the right to live in any of the 27 member states – thanks to a recent change to Bulgaria’s citizenship law.

If you thought Bulgaria’s RCBI program was on its last legs, think again: The program is relaunching with renewed support from the government.

There’s more to Bulgarian citizenship by investment than government bonds, write Nevena Bekyarova and Kamen Shoylev.

The proposed changes would give investors a lot of flexibility to suit their investment styles, write Ivan Petrov and Nevena Bekyarova of NBLO.

Bulgarian lawmakers have tabled a bill in Parliament that would see the residence-to-citizenship program continue after all, albeit with amendments.
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