For Sovereign Individuals and Their Advisors
That such a large proportion of program participants appear to have tried to skirt the rules raise questions about who has been advising them.
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Bulgaria no longer has a citizenship by investment program but has just updated its golden visa (which has a path to citizenship).
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Globally, hundreds of millions of people have a great grandparent from an EU country. Too few of them are picking up citizenships for free.
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After years of back-and-forth, Bulgaria’s semi-direct citizenship by investment program has sung its last verse.
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The draft bill that, if adopted, would see the termination of Bulgaria’s semi-direct citizenship program passes its first legislative hurdle.
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Though the govt. wants to end the program, comprehensive reform and extension of the program is an equally likely outcome, says Ivan Petrov.
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Limited economic benefit combined with EU antipathy to CBI leads the Bulgarian government to conclude the program isn’t worth the trouble.
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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.
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If you thought Bulgaria’s RCBI program was on its last legs, think again: The program is relaunching with renewed support from the government.
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There’s more to Bulgarian citizenship by investment than government bonds, write Nevena Bekyarova and Kamen Shoylev.
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The proposed changes would give investors a lot of flexibility to suit their investment styles, write Ivan Petrov and Nevena Bekyarova of NBLO.
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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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The investigations show Bulgaria isn’t the soft underbelly of Europe and improves the value of the country’s citizenship, writes Ivan Petrov of NBLO.
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The office of Bulgaria’s Prosecutor-General has uncovered eight instances of fraudulently obtained citizenships over the last three months, with several
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The investments proposed to be eligible for the Fast Track will make a Bulgarian CBI solution somewhat similar to the US EB-5 program.
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This post was contributed by the Ivan Petrov of the New Balkans Law Office. Background On 22.01.2019 and 23.01.2019, the
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Reuters reports that the Bulgarian Ministry of Justice plans to terminate its residence-to-citizenship by investment program, citing a lack of
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While the European Commissioner for Justice focuses on her “concerns” about residence and citizenship by investment, thousands bribe their way
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Three countries issued 84% of golden visas in Europe last year; one country alone made up more than half the market.
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Investors lodged 193 applications for citizenship by investment in Bulgaria as of last month, according to an article on the
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