Arton Capital and our team of financial and legal professionals are available to assist in obtaining a Bulgarian residence through the Bulgarian Immigrant Investor Program (BGIIP) for non-European citizens. Our experience with business immigration programs and the local governmental bureaucracy will secure your investment and smooth the progress of the application process for residence. We review with you, your interests and opportunities in Bulgaria and tailor our resources to best fit your needs and requirements.
There are several key advantages to becoming a Bulgarian resident, and hence part of the European Union:
EU membership and NATO membership
Macroeconomic and financial stability
EU’s most favourable taxes:
Flat 10% corporate income tax
Flat 10% persoanal income tax
0% in high-unemployment areas
Europe’s lowest operational costs
Well-educated and highly-skilled labour force
22% of population holds university degree
Government support for priority investment projects
Linking Europe and Asia
Bulgaria looks to open its doors to you so that you can improve your quality of life and freedom of international mobility while enjoying the extensive benefits the country has to offer.
We are ready to help you settle permanently in Bulgaria and enjoy all the advantages of being a resident of an EU member. Getting Bulgarian residence through business immigration will provide you with all the rights of a Bulgarian citizen except the right to vote. You will also be able to enter and leave the country as many times as you wish without visas and travel and work in all Europe visa free.
The Bulgarian legislation provides significant advantages for foreign investors in Bulgaria concerning investors' business activities in the country and their personal status as individuals with foreign citizenship.
The Statutory Procedures for Investors in the Residency and Citizenship Program are provided by the Act for Foreigners in the Republic of Bulgaria (AFRB), as well the regulations for its implementation and the ordinance for the conditions and procedure for issuance of visas. This law gives the framework for entering, residing and exiting in and from the Republic of Bulgaria to the citizens of non - EU Members.
The definition of accepted Investment in the Program for Residency and Citizenship in Bulgaria is granted by the Investment Encouragement Act of Republic of Bulgaria and the Regulations for implementation thereof. To that effect, investors who through the business immigration program, wish to obtain Permanent Residence Permit, issued by the Ministry of Interior need first to qualify for a Certificate of the Ministry of Finance confirming a foreign direct investment of 1,000,000 BGN (€ 511,292) in accepted Governmental Bond Portfolio.
The below step-by-step process and associated timeline are based on the legal framework that needs to be followed for permanent residence for a foreign investor via Arton Capital’s Bulgarian Immigrant Investor Program. Arton Capital has outlined the below timeline by combining current processing times of local government institutions with the ones experienced by our previous clients.