How long does it take to get Bulgarian citizenship by investment
Last Updated on September 24, 2023 by Bulgarian Citizenship Team
This article will outline a sample schedule for obtaining Bulgarian citizenship by investment in a Bulgarian ETF in 2022, breaking down the procedure into distinct steps and detailing the time required for each step below:e 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 Sept 15 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 one business day visit to Bulgaria to file the application with the local Migration Office. Remote applications are not allowed.
Step 4 – Bulgarian citizenship
Eligibility requires the investor to maintain the investment for 5 years and pass a language test before a citizenship application is submitted. Citizenship applications by investment are considered within 12 months period.
How long does it take to get Bulgarian citizenship by investment?
The time to citizenship will be around 72 months.