How long does it take to get Bulgarian citizenship by investment

How long does it take to get Bulgarian citizenship by investment

This article will present a sample schedule of the steps to get Bulgarian citizenship by investment based on investment in Bulgarian ETF

The Bulgarian citizenship by investment procedure can be considered in several steps. We will go through the different steps and time to complete each step below:

Step 1 – Pre-approval Stage

The pre-approval stage is not yet confirmed as this stage was introduced by the amended Citizenship Act and to be detailed in the Ordinance of the Ministry of Economics that has to be published by 15th of September 2021. This stage will be completed by the Investment Agency, and we expect to be passed within 2-4 weeks of application.

Step 2 – Investor D visa

Once the investment is made and an investment certificate issued by the Investment Agency, the investor has to apply for a D visa. The issuance of the investment certificate takes 2 weeks, and the D visa consideration time is 30 business days.

Step 3 – Permanent residency

Permanent residency applications are considered within 3 months of applications. The investor has to plan a one business day visit to Bulgaria to file the application in person with the local Migration Office

Step 4 – 12 months on Permanent residency

The investor has to wait for 12 months on permanent residency before applying for Bulgarian citizenship. 

Step 5 – Increasing the investment

Increasing the investment to the amounts stipulated in the Bulgarian Citizenship Act makes you eligible to apply for Bulgarian citizenship twelve months after the permanent residency was granted.

Step 6 – Bulgarian citizenship

Citizenship applications by investment are considered separately than other citizenship applications and on priority basis within 6 months period of application. The Ministry of Justice proposes a decree of approval or refusal of citizenship to be issued by the Presidency institution.

FAQs:

How long does it take to get Bulgarian citizenship by investment fast-track?

The time to citizenship will be 22 – 24 months.

How long does it take to get Bulgarian citizenship by investment ordinary track?

Time to citizenship is 70 – 72 months.

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