Bulgaria occupies a portion of the eastern Balkan peninsula, bordering five countries including Greece and Turkey.
The country is a parliamentary republic and a member of the EU and the World Trade Organisation.
It has a varied and changeable climate, a result of its central position of the Mediterranean, Oceanic and Continental air masses and the barrier effect of the lateral Balkan mountain range.
Due to its central position it is a cultural melting pot of Greek, Slavic, Ottoman, and Persian influences.
The picturesque Black Sea coastline has seen tourism play an important part for the economy of Bulgaria with some 10 million foreigners making their way to the country in 2016.
Visitors enjoy the rich cultural heritage displayed in its architecture, dance and music, and costume and crafts.
The region also boasts UNESCO protected sites, national parks and biosphere reserves, all of which are surrounded by the tranquillity of rural and mountainous areas.
The region also benefits from a wide variety of additional business opportunities and investments including agriculture, mining and metallurgy, food and chemical processing, and clothing and tobacco.
Most recently tax and financial industries have contributed to the country’s growth with pension funds and insurance management companies playing a major part.
No purchase of real estate is required but see right, under investment.
Investment of at least 1,000,000 BGN (511,000 EUR)
(or double this amount for fast track citizenship) in a Governmental Bond Portfolio for an investment period of five years after which the full amount is guaranteed to be returned with no interest.
Investment of 195,000 EUR in government bonds for 5 years after which no monies will be returned.
Note – Investors must show personal net worth of either
1,000,000 BGN or 511,000 EUR, with the higher amount being shown for the lower non-returnable investment.
Investment of at least 511,00 EUR (or double this amount for fast track citizenship)
in Project St Sofia, a Priority Investment Project.
This can be invested in shares (saleable after 5 years) or the purchase of an apartment on the project.
Applicants are required to pay government service provider fees of
35,000 EUR per couple.
The investment vehicle must be retained for between two and five years depending on the investment chosen.