PERMANENT RESIDENCE FOR
INVESTMENTS FROM 500 THOUSAND LEVS

To obtain permanent residence, a foreign citizen must become a co-founder or shareholder of a company with at least 50% of the capital and invest at least half a million levs in the capital of a Bulgarian company. As a result of the investment, long-term tangible and intangible assets worth at least 500 thousand levs must be acquired, as well as at least 10 jobs for Bulgarian citizens should be opened. These conditions must be maintained during the entire period of residence in Bulgaria. To obtain permanent residence, you must first obtain a Visa D at the Bulgarian consulate in the country of your legal stay.

This requires the following documents:

• Foreign passport valid for at least 9 months, as well as a simple photocopy of a spread with personal data;
• Proof of housing in Bulgaria (including rented);
• Health insurance for foreigners for a period of stay in Bulgaria with coverage from 30 thousand euros;
• Bank statement on the availability of an amount equivalent to 6 minimum Bulgarian salaries on the account (in 2020, the minimum wage is 610 levs);
• Certificate of no criminal record in the country of residence - translated into Bulgarian and legalized. It must be issued no earlier than 5 months before filing;
• Completed application form with 2 photographs.

The cost of a visa is 100 euros. The visa is issued for 180 days. During this time, you need to enter Bulgaria and apply for permanent residence. This must be done no later than two months before the end of the Visa. The list of documents is the same as for a Visa, with the exception of health insurance and a questionnaire with a photo. You also need to fill out an application and pay the fee for the examination of documents - 10 levs. The identity card from the Ministry of Economy can be requested by the employees of the migration service in an official way. The decision is made within two months. The employees of the migration service also report about it to the Ministry of Economy. The employees of the ministry, in turn, regularly conduct inspections and notify the migration service of any changes in investments, as a result of which investments cease to meet the requirements and are the grounds for obtaining permanent residence. After obtaining a permit, a foreigner must pay a fee of one thousand levs, register with the Community at the place of residence, receive a SCN (Single Civil Number) and a plastic personal card (its cost is 45 levs, production time is 30 days). In addition, after receiving permanent residence, a foreigner is obliged to immediately notify the Ministry of Economy of any changes in investments and at least once a year - about the absence of such changes.