Latest News

14.02.2013 Bulgaria will offer permanent residency to foreigners who buy property worth at least EUR 307,000

www.novinite.com, February 13, 2013

Bulgaria has passed a law that will ease even further the process of granting citizenship to foreign investors in a bid to boost the country's ailing economy.

Bulgaria will be offering citizenship to foreigners, who come from non EU states, ready to invest at least BGN 500,000 (EUR 256,000) and create ten jobs for Bulgarians, under amendments to the Investment Encouragement Act adopted conclusively on Tuesday by parliament in response to the presidential veto at the end of last year.

Under the amendments, the candidates would have to invest in a Bulgarian company involved in a high-priority investment project in industry, infrastructure, transport or tourism. The investors will not be required to have had residence status in the country for at least one year.

Parliament backed the proposal by the right-wing Blue Coalition and lowered the investment amount thresholds for foreign investors in poorer regions. These will be granted permanent residency status and Bulgarian citizenship if they pour BGN 250 000 (EUR 128,000) and hire five Bulgarians in regions with high unemployment.

The purchase of real estate, worth at least BGN 600,000 (EUR 307,000), is another way to gain permanent residency status, according to the new law.

The draft legislation provided permanent residency status to a foreigner who has invested over BGN 1 M (EUR 512,820) in public companies or joint ventures or has deposited the money at a Bulgarian bank for a period of five years.

Bulgaria already is handing out passports to ethnic Bulgarians outside its borders, the main beneficiaries being citizens of Macedonia, Serbia, Ukraine and Turkey.

  Read more news
LATEST REGIONAL NEWS
Modest 1.55% Growth in Tourists is Expected in Burgas Region

11/April/2019
https://www.novinite.com

According to preliminary data, a modest growth of 1.55% is expected in the number of tourists in this part of the country, Ivan Ivanov, President of the Regional Tourism Chamber in Burgas, told Focus Radio. The forecast is based on planned flights, according to data at the end of March.

Despite the increase in tourists from Austria (25%), Estonia (46%), the Czech Republic (21%), Ir... read more

Comments from clients
We bought a property last year with Bulgarian Properties in the VT office. We dealt with Zdravka ...
My congratulations and warmest wishes to you, Bulgarian Properties - beautiful team! ...
We have today 01/02/2008 completed on the purchase of our second property in Bulgaria and we have to ...
Take a viewing trip around the properties with the help of our video clips!
Don't waste time for vewing trips! Organise property viewings via Skype!
Properties on the Bulgarian Black Sea Coast - top selection!
List your property with us, no marketing fees!
Latest News
Five Interesting Facts About Bansko - the Best Ski Resort in Bulgaria

26/March/2019
profit.bg

The Bulgarian ski resort Bansko is constantly in the world charts lately.

In November last year, it was named the best budget destination for ski tourism by the British Travel and Financial Services Company, Post Office Travel Money.

In 2017, the British Daily Mirror set the Pirin town seventh in the ranking of the top ten best ski resorts in the world.

... read more

LATEST REGIONAL NEWS
Special Themed Museum Tours Begin This Saturday in "Square 500"

21/February/2019
Novinite.com

Special themed museum tours begin this Saturday in "Square 500".

The permanent exhibition of the National Gallery presents, in principle, the most significant examples of Bulgarian fine art, as well as works by European masters, art from Asia, Africa and Latin America.

The museum tours that start this Saturday are very different from anything that has been done so far... read more

DID YOU KNOW?
Which are the 20 most Powerful Brands on the Bulgarian Market in 2019?

11/April/2019
https://www.novinite.com

When consumers wonder what brand to buy, Bulgarian consumers are mainly guided by the opinions of friends, not the famous people who use a particular brand. This shows the results of a GfK study in Bulgaria as part of the global Superbrands program for 2019.

Participants were 2095 men ... read more