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.
Bulgaria no longer has a citizenship by investment program but has just updated its golden visa (which has a path to citizenship).
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.
To reduce the room for government officials to trade favors, let CBI-applicants invest in open markets, write Petrov, Shoylev, and Bekyarova.
The proposed changes would give investors a lot of flexibility to suit their investment styles, write Ivan Petrov and Nevena Bekyarova of NBLO.
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.
The investments proposed to be eligible for the Fast Track will make a Bulgarian CBI solution somewhat similar to the US EB-5 program.
This post was contributed by the Ivan Petrov of the New Balkans Law Office. Background On 22.01.2019 and 23.01.2019, the