Kronenburg Estates S.L.
Nr:2, Apt:2 Shafaq dead end, Vaezi alley, Shariati str.,
Postal code: 1934657641
Tehran, IRAN
+982122724700
teh-hq@kronenberg.eu5.org
Subject : Residence abroad
Dear customer,
Thank you for printing this page, obviously you found something of interest, we can help you with your documents and make sure that your planning to migrate to Bulgaria. we can assist you from the planning stage upto a suitable residence. Generally spoken we can help you with :
- Attending Inquiries for Any Countries' Visa Assistance (Source - Email, Call or office appointment)
- Solving Visa Related Queries
- Preparing The Basic Set to Be Forwarded for Further Processing
- Coordinating with The Operations and Keeping the Client Updated On The Visa Status
- Promoting and Cross Selling Other Services (Packages, Tickets, Insurance, Etc.)
- Research On the Latest Updates of Visas
- Marketing, To Grow the Flow of Business
- Dealing with Disciplinary Matters and Customer Complaints
We hope to see you soon in our office to review the details of your programs, we will help you with your efforts,
M.J. van't Zand
Marketing manager
EU Citizenship and Residence by Investment in Bulgaria
Bulgaria's citizenship programme is an accessible, transparent and respectable gateway into the European economy, society and way of life.
The minimum investment needed to qualify for citizenship is low, at BGN 1,000,000 (~ €512,000, or USD $ 630,000).
Applicants may finance this by borrowing. (Lower sums yet are required if the objective is long-term residence only. We cover this in a separate note dealing with Bulgarian residence by investment).
Unlike other programmes, applicants are required to invest rather than pay into a government fund or make a donation, allowing the future citizen the possibility of profit, as well as of a contribution to the Bulgarian economy.
A further advantage of the Bulgarian citizenship by investment programme is the wide range of qualifying investment classes. This approach is progressive as it avoids potential economic distortion. Unlike the Golden Visa programmes of Spain and Portugal for example, investment is not limited to real estate. Nor is the programme prescriptive as to the number of jobs to be created, as the U.S.’s EB 5 is.
A fast-track process allows acquiring citizenship within approximately 18 months from investing.
Under the Fast Track, the investment made must be maintained for two years following the date on which the applicant takes citizenship, as well as throughout the qualifying period.
The qualifying investments
An investor on the Bulgarian programme may make a wide range of investments, including:
- shares of a corporation admitted to trading on the Sofia stock exchange
- bonds, related instruments or their derivatives, issued by the Government of Bulgaria or by Bulgarian local government, with at least 6 months to maturity
- investments in the capital of unquoted companies (a higher threshold applies)
In practice, the multiple eligible investment classes accommodate many investment styles and objectives. We will be pleased to discuss with you (and/or your financial advisors) your plans, and their eligibility under the programme.
Most of our existing clients have chosen government bonds, which are seen as low-risk but we are able to support our clients with their own preferred investment strategy or strategies.
Two speeds
On the Standard Track, an applicant would become a permanent resident on completing the qualifying investment. After holding a qualifying investment for 5 years, on further application, such a resident would qualify for naturalization.
On the Fast Track, if an investor (broadly) doubled their investment at any time after the first year from investing, they become eligible for citizenship within a further 6 months, rather than having to wait for the 5-year period to run out.
Requirements other than the investment itself
The most significant of these are:
- declaring (and possibly being asked to provide evidence on) source of investment funds
- police and/or criminal record check search results
- prior to travelling to Bulgaria to apply for a Residence Permit, applicants must obtain a visa at a Bulgarian Consulate abroad, lodging their visa application at a location depending on their existing citizenship and/or residence
- at several points during permanent residence, informing the Bulgarian authorities of the status of the investment. If the investment is terminated or converted into an ineligible investment class, the Residence Permit may be withdrawn
- the investment must be retained for two years following acquisition of citizenship (though it is possible to switch between investments or into different eligible investment classes throughout the qualifying period).
What is not required?
- applicants are not required to be present in Bulgaria during the qualifying residence, but are required to secure accommodation
- language competence is not required
- upon grant, citizenship does not come with additional burdens (e.g., compulsory military service, obligation to vote in elections, jury service)
- tax residence is not identical with citizenship and acquiring citizenship does not automatically mean an investor needs to change their tax arrangements. (However, it should be noted that Bulgaria has a very favourable tax regime, with the European Union's lowest personal and corporate tax rates which may be beneficial for certain of our clients).
Family members
Close family members of the investor are eligible to acquire permanent residence and obtain Bulgarian citizenship in several ways. The main applicant’s spouse and unmarried children under 18 are eligible to become permanent residents after the main applicant is granted resident status.
A main applicant’s spouse is only eligible if the spouses have been married for no less than 5 years at the time of application for citizenship.
Adult children of an investor are not eligible for permanent residence, but they are eligible for citizenship in their own right immediately after the investor themselves obtains citizenship.
For more information about the program and to start the process of obtaining citizenship, please Contact Us
