Russian: How to Obtain Bulgarian Residence: The Perfect Guide 2023

This article is about how to get a residence permit in Bulgaria, what the requirements are and what benefits you get by meeting them. A second residence can change your life, and a residence permit in Bulgaria gives you great value for the money invested and access to Europe. Second citizenship opens up new investment markets, can help you legally lower your tax bill and, as a step towards citizenship, can help improve your passport portfolio. We show high-income earners the way to permanent residence and much more through a comprehensive action plan.

Country Overview Bulgaria

One of the oldest states in Europe, Bulgaria dates back to the 7th century. Officially known as the Republic of Bulgaria, it borders Romania, Serbia, North Macedonia, Greece and Turkey. This eastern Balkan country has a population of 6.687 million. Sofia, the capital, is located in western Bulgaria. Bulgarian is the mother tongue, and after Russian, English is the second most widely spoken foreign language in Bulgaria.

Bulgaria - Climate

In Bulgaria you can enjoy both clean beaches and ski slopes. The country has two climatic regions: a more continental climate in the north and a Mediterranean climate in the south. Average temperatures range from 23°C (73°F) in summer to 3°C (37°F) in winter.

The advantages of a Bulgarian residence permit

Bulgaria is an affordable country with skilled workers, which attracts both investors and entrepreneurs. The most attractive thing about it is that the country has a flat tax on income and a corporate tax of only 10% The country joined the European Union in 2007. Thus, by obtaining a residence permit in Bulgaria, you get the opportunity to become a European citizen later on. We'll cover permanent residency and citizenship later in this article. Embedding: https://youtu.be/pMgX-PngytI

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Bulgarian citizenship

Fast citizenship based on investment is not possible in Bulgaria right now, but you can become a Bulgarian citizen by obtaining permanent residence in the country. Spend five years on the basis of an extended residence permit to obtain permanent residence in Bulgaria. Live another five years in the country with this Bulgarian ID card and you can get Bulgarian citizenship. The Bulgarian Citizenship Act grants such a privileged position to citizens of non-EU countries. For foreign investors you will have to wait, obtaining permanent residence is a step on the ladder that can lead you to Bulgarian citizenship. But we want you to focus on what you want to achieve with permanent residence in Bulgaria. The European Union admitted Croatia to the Schengen area, not Bulgaria and Romania. This means that the Bulgarian passport, ranked 33rd in the Nomadic Passport ranking, is less valuable than the Croatian passport. However, Bulgaria is now in the process of joining the Schengen area and already applies European Union Schengen legislation to a large extent.

Requirements for Bulgarian residence permit

The Ministry of Foreign Affairs offers three types of visas to foreign nationals to allow them to stay in Bulgaria.

Extended stay in Bulgaria is a temporary residence permit in Bulgaria, also known as an extended residence permit. It is valid for one year. All non-EU foreign nationals must have a D visa before applying for this temporary residence permit. You will need the following documents to apply for a D visa:

• a copy of the first page of your valid passport
• a copy of your most recent Bulgarian and Schengen visas or UK and US visas, if applicable
• a 3.5 cm x 4.5 cm color photo on a light background
• medical insurance valid for EU countries for the entire duration of the trip, covering all repatriation and emergency medical expenses and emergency hospitalization for the period of stay specified in the visa for a minimum amount of €30,000
• transport tickets (original and copy) or proof of ticket booking or a copy of the technical passport of the vehicle with which you are traveling

There is no consular fee to process a D visa application for:

• foreign nationals who are under six years of age when applying for a visa
family members of Bulgarian citizens and EU citizens.

Extended stay is available if you are a foreign national who has successfully applied for a D visa. Family members must also have a D visa. You will need more than just a D visa to obtain temporary residence for up to one year. By.

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• open a trade representative office and promote your business abroad in Bulgaria
• to start a company and create ten jobs for Bulgarian citizens
• to invest at least €312,000 in real estate through a Bulgarian company

These types of residence permits for you and your family require a minimum stay of 183 days. After this period you are considered a tax resident of Bulgaria.

Bulgarian permanent residence

The extended stay can be renewed four times and after five years of temporary residence in the country you can obtain permanent residence in Bulgaria. However, there are ways to obtain permanent residence in Bulgaria without extended residence in the country. About

• establish a company and invest at least BGN 500,000 (approximately €256,000) in long-term assets and create ten positions for Bulgarian citizens
• invest a minimum amount of BGN 6,000,000 (approximately €3,068,000) in the capital of a Bulgarian company whose shares are not traded on a regulated market

Certification of Bulgarian residence permit

The maximum period of stay as a tourist in Bulgaria depends on which country you are coming from, but is usually 90 days. Bulgarian law then requires you to apply for temporary or permanent residence to remain in Bulgaria.

A temporary Bulgarian identification card can be yours if you:

• open a trade representative office
• establish Bulgarian companies creating ten jobs for local citizens
• invest a minimum of €312,000 in real estate through a company of Bulgarian origin

If permanent residence is your immediate goal, you do not need to worry about setting up a sales office. Instead, get straight to the point: set up a company and invest at least BGN 500,000 (approximately €256,000) in long-term assets and create ten positions for local citizens or invest a minimum amount of BGN 6,000,000 (approximately €3,068,000) in the capital of a Bulgarian company whose shares are not traded on a regulated market.

Bulgarian identification card proving your permanent residence in the country is a useful Plan B. You have the right to travel to Bulgaria multiple times and can bring your family to the country.

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