The government carries out the processing of the case and issues residence card. On the average, preparation of documents takes from 5 to 25 days. - D-type visa; This means anyone can freely buy an apartment or land without restrictions. More than 10 useful videos about citizenship in the EU countries on our video channel. 14. In the event that real rights are registered for the property, in order to execute the sale transaction the user must abandon the real right established in their favour – this is carried out by filing a statement for waiver of the right of use. Thanks! Funds should be invested in bonds for a period of 5 years. Every year we publish more than 200 articles in world-leading mass media so that you do not miss important updates the latest news from the world of immigration. When you choose to invest in Bulgaria you become eligible to live and work legally in the country. Bulgarian passport by investment can be obtained by choosing one of the four options. Furthermore, taxes are the same for Bulgarians and non-Bulgarian citizens. Certificate of Marital Status of the seller(s) showing the marital status of the owner (co-owners) as of the date of acquisition of the property. 10. A residence permit for real estate investment may be extended until the property is sold. The investor must fulfill 2 basic requirements: Bulgarian Citizenship by Naturalization, step By step! No. 264, para. The buying process is generally straightforward and can complete within a few weeks. Required fields are marked *. My spouse and I stumbled over here different website and thought I might as Investors must meet the following criteria: Absence of sanctions, restrictions or bans on entry to EU countries, USA, the UK and Canada, Absence of a criminal record and criminal proceedings for serious crimes, Ability to confirm the legality of the source of income, Have impeccable personal and business reputation, Have favourable and stable credit history, Children, regardless of age, which are financially dependent on the main applicant, Parents of the main applicant and/or his/her spouse. Articles are prepared by leading tax experts and lawyers. Regulations for purchasing property in Bulgaria could differ from your home country (is your responsibility to understand the country rules and regulations), The way of doing business could be different from how is done in your home country, Take the time to find the right property for you, don’t let others rush you into the decision process, think right and analyse all the pros and cons, buying a property in Bulgaria is a big step, Get all info need, do your homework, similar properties values, characteristics and other details, highly advisable to engage a lawyer (to represent your interests during the purchase process) who’s familiar with property buy/sale before paying any money or signing a contract, Buying the real estate in Bulgaria won’t automatically make you obtain a residence permit (Non-EU citizens) although if you are a physical person investing more than 600.000 levs (around 300.000 EUR) in property, you can apply for residency by investment. Still, within continental Europe, Bulgaria is on the list with full citizenship for $500,000, according to the OECD. Bulgaria has one of the most compelling citizenship by investment programs worldwide. The Certificate of Tax Evaluation of the property must have an address identical to the address of the property as per the title deed, otherwise, the respective administration must issue a Certificate of Identity of Addresses. 12. Yes, it’s possible. The Bulgarian Citizenship Act allows non-EU nationals who resided in Bulgaria for five years on permanent residency to apply for a Bulgarian citizenship and passport. We receive certificates of no criminal record, fill out government forms, arrange notarization, translation and apostilization of all the necessary documents. Result of this step: Permanent residence cards received in 4-6 months. Under the terms of the transaction, the investor does not receive any interest. The interest would add up to $320,000. The rate of home ownership in Bulgaria is high, at close to 90 percent, with many Bulgarians inheriting land … 上海市奉贤区奉浦大道111号, St. Bolshaya Gruzinskaya This article couldn’t be written much better! While foreigners may not always have the easiest time buying property, it is the norm to own in Mexico- 80% of residents live in owner occupied houses. • Combine several options; And while there are some hoops to jump through, in most places buying property is straightforward. Citizenship or residency can be bought in these 23 countries, ranging from $15,253 to $2.57 million. He always kept talking about this. Fiji Hungary Investment from €1 022 000. A most detailed guide to obtaining Portuguese residence permit with samples of documents for each stage, Case: How to buy property in Cyprus & obtain citizenship for the whole family. Once you submit your paperwork and establish a permanent residence in Bulgaria, you make your investment and you wait two to five years until you earn your citizenship. I’m planning to buy a house next year, and have bookmarked the post. Citizenship, Residency, and Visas in Bulgaria Fast Track Bulgarian Citizenship by Investment. 17. Transfers of ownership or limited rights in respect of real property are subject to registration with the relevant Real Estate Registry. All these options are acceptable if you intend to become a citizen of Bulgaria. We start working on a case only if we 100% sure we can help a client to obtain citizenship or residency. Right now, in the COVID-19 era, is the best time in years to buy a second passport , because several Caribbean citizenship by investment programs are ON SALE . Be sure the house you are buying has the “Usage permit” or Act 16, without this permit; you can’t legally rent the property or subscribe to the utility companies. is anything other than an apartment) and you are not an EU or EEA citizen, you will have to form a limited company to begin your purchase. A visit to Bulgaria is not required. 11. The Power of Attorney is to be notarized – with certification of the signatures affixed and the content of the document. 9. Sounds simple enough, right? If the property has land (i.e. Your email address will not be published. Interview with Adrien: a Frenchman in Bulgaria. })(document, window, "fdforms"); Migronis uses cookies to improve your experience. The Statistical Institute and Turkish government agency TUIK has released first-quarter 2019 official data to show, foreigners investment in housing sales in Turkey and advantage for Turkish citizenship by investment [with 250.000 USD value real estate purchase, reduced from 1 million USD] continues to appeal worldwide nationals … 18. 4. In practice obtaining Bulgarian citizenship by investment takes from 2 to 5 years since the program does not work properly (obtaining permanent residency takes 6 months; after that an applicant has to wait for one year to apply for citizenship; then it takes another 3-6 months for an application to be examined). h.appendChild(s); Likewise, those who are yet to buy a property in the EU, but dream of one day doing so, could even need a special investment visa just to be allowed to do so. Looking through this article reminds me of my previous roommate! Rent in Bulgaria on average is 74.06% lower than in the UK. Buying off-plan property inevitably involves higher risk than buying re-sale property. The articles we send will help you make the right choice. BULGARIA. 26 of the Family Code evidencing the consent of the spouse to the sale. 7. 1. Property in Bulgaria is pretty illiquid. Buying property in France is not considered an investment with a path to residency and will never turn into a citizenship. This Power of Attorney must specifically describe the representation rights granted by the authorizer to the authorized. Our specialist in the Bulgaria CBI program will contact you to discuss all the details. do not miss important updates the latest news from the world of immigration. All non-EU natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built. The whole process of obtaining citizenship takes up to 2 years. Procedure for buying a property in Bulgaria Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. Passport in exchange for investment in EU and Caribbean economies: Detailed programs overview, Knight Frank report: 34% of high-income individuals have obtained a second citizenship, Real estate in the Caribbean: the whole truth about returns on investment. - confirmation of the legality of the invested funds. Property in Bulgaria. The Schengen zone: visa-free entry, you can stay for 365 days per year; That is just 18,166 sales. It’s possible to obtain Bulgarian citizenship by choosing one of the following investment options: And buying a passport through a legitimate citizenship by investment program is one of the quickest ways to get one. In the event that the property is subject to partition – the respective document (contract, judgment), duly registered at the Registry Agency. In exchange for a property investment of $595,000 (£448k), non-EU citizens are offered a residency permit and the opportunity to live and work in the EU. • Invest in securities of Bulgarian enterprises or financial support of priority financing projects; The Bulgarian citizenship by investment program is stipulated in two Acts – The Foreigners of the Republic of Bulgaria Act and the Citizenship Act. No empty talk, only specifics. Once a week we send expert information without empty talk and with no advertisements. "https:" : "http:")+"//formdesigner.ru/js/roistat/iform.js"; Fairly certain he will have a good read. Tips for Life in Bulgaria, Best Info and Advice for Expats. The legal owner of the property is considered to be the person registered in the Real Estate Registry. Investing EUR 430,000 in 2 residential units in the capital Sofia can allow applicants to attain full EU citizenship in as little as 18 months. Property prices in Bulgaria have settled down from their peaks following EU accession – meaning that it’s possible to buy decent accommodation country-wide, (with the exception of a few exclusive suburbs in Sofia), for much less than you would pay in the UK for similar accommodation. The average property search budget hasn't really changed in a year – it was previously £124,313 and is now £128,231. 15. Getting Bulgarian citizenship by investment is a relatively easy process. Return of the amount after 5 years is guaranteed by the Government of Bulgaria. Increase the amount of investments in the Bulgarian economy to 2,000,000 Lev (1,022,584 euros). If the user is deceased, an excerpt of the Death Certificate must be submitted. When these conditions are met, the investor can expect to receive a Bulgarian passport after 18 months. 5. We do not recommend programs that do not function well (for example, in Bulgaria), or offer overvalued real estate for citizenship (most of the items on the islands). • Invest in government bonds; The co-owners must have no outstanding obligations concerning the property (to have paid the property tax and waste management fees) and this fact must be indicated in the Certificate of Tax Evaluation of the property. 2. 14 Ways To Keep Your House Warm (And Save Money) This Winter, 7 Biggest Challenges Of Doing Business In Bulgaria, How To Get Work Permit For A Non-EU Citizen. Our goal is to provide the service within the shortest possible time and with a successful result, because only in this case we will get our service fees. It must be executed at the notary’s office and is subject to registration. By using this website, you give us your consent to processing cookies, in accordance with current browser settings, Migronis Korlátolt Felelõsségû Társaság, Migronis Kft. 2. We strongly recommend renting a property in Bulgaria first, before you buy. 7 of the Notaries and Notarial Practice Act (NNPA) and a declaration under Art. At this stage, it will be sufficient to provide the copies of foreign passports for all family members that will be included in the citizenship application. Citizenship for the whole family. In order to buy property in Portugal and get residency, you must invest in a qualifying property. Buying property in Portugal and citizenship. var s = d.createElement("script"), g = "getElementsByTagName"; Over the years we encountered numerous non-standard situations. 16. In this section, you can find out more about the cases of our clients. Our expert will describe all the peculiarities of the Bulgarian citizenship program, its advantages and disadvantages, and provide examples of cases. Payment can also be made through world-renowned escrow agents. Our attorney controls the whole process. Your participation is kept to a minimum: you only provide the original documents, make the necessary payments and sign the forms. If executed after 1 June 1996, they must be registered at the Registry Office. The main thing that we want to underline is that Migronis takes care of preparation and submission of your case. Although the French Investment Visa does not guarantee you an automatic passport like the Fast Track Bulgarian Citizenship by Investment program does, once you get the French Visa it is fairly easy for it to turn into a citizenship. Basically, you need to buy any habitable property, and you should have at least 12 square meters of space for each person in your family (if they also plan to get a residence permit). In case of disagreement, leave the site. 13. Under Bulgarian law the transfer of property rights, as well as the establishment of limited rights in rem in respect of real estate is done by way of a formal agreement (generally referred to as a “Notary Deed”), executed by the parties and a duly qualified Notary Public authorized to act within the region of location of the property. We have been working for you for over 18 years now. The articles we send will. From the shores of the Black Sea to the snowy peaks of the Balkan Mountains, Bulgaria is a country with a stunning natural beauty and property to match! Only after that we sign the contract and proceed with the case. the right to acquire land or immovable property in Bulgaria and a number of other EU countries which may otherwise restrict access to foreign nationals; various rights to access the education systems of Bulgaria and the member states of the EU (including eg, to pay fees at “home/EU” rates at institutions of higher and further education, to receive student loans and financial assistance; Your email address will not be published. Have the status of permanent residence under the Bulgarian Investment Immigration Program (BIIP) for at least 1 year, having invested 1,000,000 leva (511,292 euros); Bulgaria. The fact that there will be access to healthcare, whether we are in the European Union or not, has been announced since our last index. To apply for Bulgarian Investment Immigration Program (BIIP) a foreigner needs to submit the following documents: 2019 THE BEST PLACE FOREIGNERS ARE BUYING PROPERTY IN TURKEY. Every year we publish more than 200 articles in world-leading mass media so that you. Registry Agency at the Ministry of Justice of the Republic of Bulgaria, All You Need To Know About Medical Insurance for Foreigners in Bulgaria. 6. Properties which qualify for the program are: In the event that the property is not acquired during the marriage, it is not considered MPC (matrimonial property community), but if the property is the registered address of the spouse, a statement is to be filed as per Art. After paying the investment and fees, our lawyer receives a certificate of citizenship and a passport and forwards it either to one of our offices where we deliver it personally, or sends it to you directly. 77/2, Esentai appartaments • Title Deed, registered with the Registry Agency – title deed for purchase and sale, title deed for donation, title deed for exchange, notarized statement of ascertainment; - certificate of investment in Bulgaria; Government program. When the deal concerns the transfer of a property in a newly constructed building – the relevant documents from the builder/investor – building permits, architectural design and distribution of land, use permit – Act Form 16, etc. We look after your interests in Bulgaria and we do everything to make you happy. We will do all the paperwork ourselves. Bulgarian Citizenship by investment also allows … You provide original documents and sign forms and other documents that we prepare ourselves. Tychonas,4532, Rua Castilho 39, Loja 33, 3. Our lawyers are based both in the CIS countries, and in the countries where we apply for citizenship and residency. Since 1 st January 2012 EU and EEA citizens are allowed to buy land in Bulgaria, following the expiry of the 5 year prohibition included in the Treaty of Accession of Bulgaria to the EU. France does not offer a real estate visa. 1. - certificate of no criminal record in the country of residence; Movement is less common and less affordable. 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