Pre-approval process for Bulgarian Citizenship by Investment

Last Updated on May 6, 2024 by Bulgarian Citizenship Team

On April 19th, 2023, authorities issued Decision No.58 to restart the Bulgarian citizenship by investment program. The decision lays out specific criteria for the initial approval of applicants. This program allows individuals to obtain permanent residency and potentially Bulgarian citizenship. To achieve this, the Bulgarian Investment Agency will carry out a preliminary approval process. If the preliminary application receives approval, applicants can then proceed with their investment in Bulgarian AIF or ETF. However, if the preliminary application is denied, applicants will be advised not to proceed with their investment.

Pre-approval documents

You must submit the pre-approval application, along with a set of required documents, to the Bulgarian Investment Agency. Applicants must provide the following documents:

  1. Copy of passport with a validity of at least 6 months;
  2. Bank reference for an account opened in the applicant name, containing information on available funds not less than the minimum threshold for the respective investment;
  3. Declaration of the origin of funds;
  4. Declaration regarding their public figure status;
  5. Work, professional, and investment activities documents;
  6. Certificate of no criminal record issued within the last 6 months;
  7. Certified and legalized Power of Attorney.

** The bank reference should be with a bank located in the EU, EEA, Swiss Federation, or a third country under Article 27, third proposal of the AMLA.

How long does the pre-approval process take?

The pre-approval process for the Bulgarian Citizenship by Investment program is completed within two and a half months. By engaging our services, our expert team will process your application as quickly as possible.

Service Fee for Pre-Approval Process

There is no service fee for the pre-approval process of the Bulgarian Golden Visa program. Our team offers assistance with the pre-approval stage at no cost, as the program has recently restarted.

Current Program

Recent changes to the Bulgarian Citizenship Act have cancelled the previous bond investment option. Investors now have the opportunity to invest in Bulgarian AIFs (Alternative Investment Funds) or ETFs (Exchange-Traded Funds). You must maintain a minimum investment of 512,500 EUR for at least five years. Investors can expect to receive permanent residency status within six months of making their investment.

It is important to note that once granted, permanent residency status in Bulgaria is indefinite. By maintaining your investment for the initial five-year period and visiting Bulgaria at least once per year, you can indefinitely retain your status as a permanent resident.

Our team is ready to assist you with the preliminary approval, and ensure your application is considered long before the deadline. For more details on meeting the requirements of the Investment Agency and securing a Bulgarian Golden Visa, please contact us.

Pre-clearance process for Bulgarian Golden Visa

Pre-approval process for Bulgarian Citizenship by Investment