Home / Obtaining permanent residence for an
investment of 6 million
OBTAINING PERMANENT RESIDENCE
A foreigner can obtain permanent residence in
Bulgaria with an investment of at least 6 million
levs in the capital of a Bulgarian company, which
shares are not traded on the stock exchange. This
ground is provided for in Art. 25, para 1, sub-para
8 of the Bulgarian Law on Foreigners.
WHAT DO YOU HAVE TO DO?
As in other cases, to obtain a permanent
residence, a foreigner must obtain a long-term
visa, enter Bulgaria with it, and then personally
appear at the migration service at the place of
residence. The department of the migration
service is located in the regional police
department. You must apply for permanent
residence at least two months before the end of
your legal stay in the country. To confirm his or
her basis for permanent residence in Bulgaria, a
foreigner submits a bank certificate stating that
an amount of at least 6 million levs was
transferred to the account of the relevant
commercial organization when it was founded or
to increase its capital. Additionally, you need to
provide a standard package of documents.
- A valid foreign passport (original, valid for at least another three months), as well as ordinary photocopies of its individual pages (a spread with personal data and a page with a stamp about the last entry into Bulgaria);
- Proof of housing. If it is owned, then it is enough to provide an ordinary copy of the title deed. Tenants provide a notarized copy of the lease agreement, which must be accompanied by a notarial declaration of address;
It includes:
To obtain a Visa D, the same documents are required, but in addition you need to purchase a health insurance policy with coverage from 30 thousand euros. The application is considered within two months from the date of submission. After checking the documents, including making inquiries in the Trade Register regarding the Bulgarian company in which the funds were invested, a decision is made to issue a permanent residence permit. If the decision is positive, then the foreigner must pay a fee of 1000 levs and receive a single civilian number in the Community at the place of residence. After that, you need to order a plastic permit card (personal card). It is produced within a month and costs 45 levs.
The specificity of obtaining permanent residence on the ground of an investment of at least 6 million levs is that foreigners who have received a permanent residence permit must submit an annual declaration to the migration service regarding the relevance of their foundation. The declaration must be supported by appropriate documents. In addition, it is necessary to declare any changes in the investment made, leading to a decrease in the amount or to the termination of investments.
OTHER GROUNDS
- Proof of funds for living in Bulgaria. A certificate from a Bulgarian bank is required;
- Certificate of no criminal record at home or in the country of usual residence. The document must be issued no earlier than 5 months before submission to the migration service. It must be translated into Bulgarian and legalized. Stateless persons may not provide such a certificate;
- A receipt for payment of 10 levs for the examination of documents (details can be found directly in the migration service);
- A completed application for the provision of permanent residence.
To obtain a Visa D, the same documents are required, but in addition you need to purchase a health insurance policy with coverage from 30 thousand euros. The application is considered within two months from the date of submission. After checking the documents, including making inquiries in the Trade Register regarding the Bulgarian company in which the funds were invested, a decision is made to issue a permanent residence permit. If the decision is positive, then the foreigner must pay a fee of 1000 levs and receive a single civilian number in the Community at the place of residence. After that, you need to order a plastic permit card (personal card). It is produced within a month and costs 45 levs.
The specificity of obtaining permanent residence on the ground of an investment of at least 6 million levs is that foreigners who have received a permanent residence permit must submit an annual declaration to the migration service regarding the relevance of their foundation. The declaration must be supported by appropriate documents. In addition, it is necessary to declare any changes in the investment made, leading to a decrease in the amount or to the termination of investments.