Bulgarian Citizenship by Investment

The Bulgarian Citizenship Investor Program is attractive opportunity for foreign investors and wealthy individuals to enjoy visa-free access or visa-on-arrival access to 157 countries and territories, Bulgarian citizenship for the family members and many other benefits.

Our law firm specialises in assisting EU and non-EU nationals to obtain Bulgarian citizenship and passport by investment. The foreign investor can invest in a certified government project (projects in tourism, industry and local development are available), government bonds or in shares of Bulgarian companies traded on the Bulgarian Stock Exchange. The investment in government bonds is fully guaranteed and secured by the Bulgarian Government. The Bulgarian legislation allows EU and non-EU nationals to get Bulgarian passport within two years and the investment to be fully refunded at the end of this period with the accrued interest.

Advantages of our law firm to obtain Bulgarian citizenship and passport:

  • We will assist your family members to obtain permanent residence and Bulgarian citizenship by investment at no extra cost. The fee to process your family members is included in our fee for the general applicant – the Investor who invests the 1 million euros.

  • The law office of Advocate Markov is partnering with DSK Bank, the second largest bank in Bulgaria and a member of the Hungarian OTP Group. DSK Bank has been awarded Bank of the Year for 2017 in Bulgaria for excellent customer service and proven efficiency. DSK Bank is a trustful partner of the fast-track Bulgarian citizenship and passport program offering immediate buying of Bulgarian government bonds and variety of other investment opportunities.

  • The law office of Advocate Markov was recognised for second consequent year Citizenship Law Firm of the Year in Bulgaria by the prestigious online legal guide, Global Law Experts.

  • Our experienced citizenship lawyers have assisted more than 150 individuals to obtain Bulgarian citizenship and passport by investment since 2013. We have assisted more foreign investors to obtain Bulgarian passport than any other law firm or consultancy.

  • Our law firm is collaborating with MultiTravel Consultants Inc., trustful and experienced consultants in obtaining Comoros and St. Lucia citizenship and passport. Our colleagues are fully authorized and approved by the Comoros government to handle Comoros and Saint-Lucia citizenship cases. 

  • We process the application of the client for naturalization ourselves. We don’t pass anything to agents or subcontractors;

  • Our fees are probably 5 to 20 times lower than the fees charged by “international agents” from their offices in Hong Kong, London, Dubai, etc.;

  • Our success rate is much higher than the success rate of the “international agents”, who are often “lost in the translation”, before they eventual reach us.

Fast Track Bulgarian Citizenship and Passport by Investment

In exchange for a safe, state-guaranteed and fully refundable investment of approximately 1,024,000 EUR, applicants from all nationalities can obtain Bulgarian citizenship and passport. The investor needs to invest 512,000 EUR in Year 1 and double the investment to 1,024,000 EUR in Year 2. 

Benefits of the Bulgarian citizenship by investment program

  • You are not required to open a private account with a Bulgarian bank or buy the government bonds from the Bulgarian Stock Exchange. Bulgarian government bonds are traded on the Berlin Stock Exchange, Frankfurt Stock ExchangeStuttgart Stock Exchange, Luxembourg Stock Exchange and others;
  • You are not required to live and work in Bulgaria to apply for Bulgarian citizenship;
  • You are not required to be fluent in Bulgarian as required by the general naturalization rules;
  • You might be sentenced in your home country and it will not count if you are rehabilitated;
  • Your investment in government bonds is fully refundable at the end of the second year after you are granted Bulgarian citizenship and passport;
  • EU citizens may apply for Bulgarian citizenship by investment. The EU citizen should have dual citizenship of a non-EU country. Excellent choice is the citizenship of Comoros costing only 45,000 $.

Other benefits of obtaining Bulgarian passport by investment

  • Bulgaria tax residence. Becoming a Bulgarian citizen, you can qualify as Bulgaria tax resident automatically;
  • Liquid investment in money market instruments (shares, bonds, etc.). You can sell your Bulgarian government bonds at any time; 
  • No restrictions to buy agricultural land in Bulgaria;
  • Free movement, education and healthcare in EU;
  • The Bulgarian passport is European Union passport;
  • You can vote in Bulgaria.

Common misconceptions about the Bulgarian citizenship by investment

    • The investor can withdraw the investment in government bonds only after five years (this does not apply to the fast track citizenship program). After the investor obtains the citizenship, he/ she can withdraw the investment in full. If the investor opts for the ordinary citizenship by investment, he/ she needs to hold a permanent residence for five years before he/ she can apply for Bulgarian citizenship which requires the investment to be maintained.

    • Investors who have been sentenced cannot apply for Bulgarian citizenship by investment. This does not apply if the applicant has been rehabilitated.

Why you should not go for the aggressively advertised financed bank option

You may find on the internet different consultancy firms offering the so-called “financed bank option” where the “Investor” pays a Bulgarian or foreign bank institution interest rate of 100,000 € to 250,000 € (non-refundable) to be granted a loan against the Bulgarian government bonds. Once the government bonds mature the “Investor” repays the bank loan.

Unfortunately, the financed bank option is not supported by the Bulgarian legislation neither by Bulgarian authorities and it is considered a gap hole allowing non-Investors to exploit the Bulgarian citizenship by investment program. This will result in your citizenship application being refused.

Legal Fees to obtain Bulgarian citizenship and passport 

Our fee to assist with obtaining Bulgarian citizenship by investment is 10,000 EUR including all state & legal fees, paid in two installments at each accomplished step – 5,000 EUR advance payment to start your case and 5,000 EUR on obtaining permanent residence. We do not charge a fee for filling the citizenship application.

Our service fee do not include the bank’s commission for the purchase of the government bonds which is approx. 1,500 € for the first purchase and another 1,500 € for the second purchase payable in the bank at the time of the transactions.

Maintaining the investment for 2 years you will get a lifetime Bulgarian citizenship and passport. The Bulgarian citizenship by investment program requires the applicant to invest approx. 512,000 € in Year 1 and increase the investment to approx. 1,024,000 € in Year 2. These investments are best utilized through the purchase of government bonds.

Bulgarian Citizenship by Investment for family members

We will assist your dependents to obtain permanent residence and Bulgarian citizenship by investment at no extra cost. The fee to process your family members is included in our fee for the general applicant.

Family members may apply for permanent residence straight after the Investor was granted permanent residence. The family members are required to hold the permanent residence for five years before they can apply for Bulgarian citizenship. There is no requirements of physical residence in Bulgaria or fluency in Bulgarian language. 

Schedule of obtaining Bulgarian Citizenship by Investment 

Month 1 – Application for the opening of a private bank account with the serving Bank and buying government bonds for approx. 512,000 €. This step includes the preparation of the set of Investor D visa application documents, confirmation certificate of investment in government bonds issued from the Bank and Investment certificate issued from the Bulgarian Investment Agency. 

Month 2 – The Investor applies for a D visa in the nearest Bulgarian embassy or general consulate. The Bulgarian Investor visa is usually granted within 30 business days; 

Month 3 – Applying for a permanent residence by investment. The applicant needs to visit Bulgaria to apply for permanent residence with the local Migration Office. Usually, permanent residence applications are reviewed within 30 working days; 

Month 4 – 6 – Once the residence application is approved, the applicant will be photographed and the permanent residence card is issued within 3 business days. Family reunification process can be started. Family members will obtain permanent residence in 3 months. 

Month 16  18 – Increasing the invested amount to approx. 1,024,000 € by purchasing new government bonds for 512,000 € followed by application for a Bulgarian citizenship and passport with the Ministry of Justice. The investor may apply for Bulgarian citizenship & passport at the nearest Bulgarian embassy or general consulate. 

We may file citizenship applications for the family members once the investor’s application is approved and Bulgarian citizenship and passport granted. The investor is not required to keep the government bonds and he/ she may sell them. 


The list of available investment projects can be found on the website of the Bulgarian Investment Agency.

Reserve a date for applying for Bulgarian citizenship by investment.

Check the status of your citizenship application.


    The fast-track option allows investors to apply for citizenship faster by doubling their investment. The requirements for this option are as follows:

    • Have at least one year of permanent residency status;
    • Double your investment in bonds in Year 2.

    Financing options are available to qualified applicants. Citizenship applications for participants in the fast-track citizenship program are examined under express procedure.

  • Visa Free Countries


    Visa-free access or visa-on-arrival access to 157 countries and territories.

    AFRICA: Botswana, Comoros, Djibouti, Egypt, Gambia, Kenya, Madagascar, Mauritius, Mauritania, Mayotte, Morocco, Mozambique, Reunion, Seychelles, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Somalia, Somaliland, Burundi, Cape Verde, Guinea-Bissau, Mali

    AMERICAS: Anguilla, Antigua & Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, , Cayman Islands, Columbia, Costa Rica, Curacao, Chile, Dominica, Dominican Republic, Ecuador, El Salvador, Falkland Islands, French Guiana, French West Indies, Greenland, Grenada, , Guatemala, Haiti, Honduras, Jamaica, Margarita Island, Mexico, Montserrat, Nicaragua, Panama, Paraguay, Peru, St Kitts & Nevis, St Lucia, St Martin, St Pierre & Miquelon, St Vincent, Trinidad & Tobago, Turks & Caicos Island, Uruguay, Venezuela

    ASIA: Armenia, Bangladesh, Brunei, Cambodia, Georgia, Hong Kong, Indonesia, Iran, Israel, Japan, Jordan, Kyrgyzstan, Laos, Lebanon, Macau, Malaysia, Maldives, Mongolia, Nepal, Oman, Palestine, Philippines, Sabah, Sarawak, Singapore, Taiwan, Tajikistan, Thailand, South Korea, Timor Leste, Bahrain, Kuwait, United Arab Emirates, Iraqi Kurdistan, Kish Islands, Phú Quốc

    EUROPE: Albania, Andorra, Austria, Belgium, Bosnia & Herzegovina, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Turkish Republic of Northern Cyprus, Ukraine, United Kingdom, Vatican City

    OCEANIA: Cook Islands, Micronesia, Fiji, French Polynesia, Kiribati, Marshall Islands, New Caledonia, New Zealand, Niue, Palau, New Guinea, Pitcairn Islands, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu, Wallis & Futuna

    • Please note that this list is subject to change and so kindly confirm the information before planning any trip.


  • Benefits of Bulgarian Citizenship

    Fast process to permanent residency (six to nine months);
    • Fast-track option allowing for citizenship within two years;
    • Special exemption from physical residence enforced with legislation;
    • Government-approved investment;
    • No language requirements for residence or citizenship;
    • No obligation to relinquish current nationality;
    • Lowest tax rates and free trade environment within the EU.

    • Free movement within the Schengen countries after acceptance;
    • Access to high quality healthcare in Bulgaria and the EU;
    • Free state education to family members;

    • Unrestricted right to live, work and study in Europe;
    • Right to own land in a EU country;
    • Becoming a Bulgarian tax resident and pay only 10% flat tax rate on your worldwide income.

If you have any queries regarding investment and Bulgarian citizenship, please do not hesitate to contact us.

Bulgarian citizenship for EU nationals, Bulgarian citizenship by investment for EU citizens, EU passport for EU nationals


Bulgarian Citizenship by Investment