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 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
The ski season in Bansko will last until April 15, when it will be officially closed. Over the past few days, snow has increased by about 30 centimeters in the ski center. In some places, the snow cover is now 2.50 meters. All the tracks are well-worked and all the facilities work. The prices of the lift cards are already reduced by 20%.
Currently there are hundreds of skiers from G... read more
The past year was a record in the history of the metropolitan airport. The serviced passengers in the period are almost six million and a half (6 490 096), an increase of 30.3% annually, reported from Sofia Airport.
What is remarkable is the fact that a record increase for passengers is recorded every month of the past year. Terminal 1 had 36% of all passengers and Terminal 2 - 64%.... read more
When one walks across the slopes of the Sredna Gora Mountain, there are plenty of ancient remains, related to paganism. Some of these sites are well-researched; others remain a bit unknown, while third ones sink in mysticism, still hiding their mysteries from Thracian times and pre-history. PhD in sociology with the Bulgarian Academy of Science Martin Konstantinov is one of those who hav... read more
Bulgaria has presented the Episcopal Basilica of Philippopolis and the Antiquity mosaics of Plovdiv to a large audience from different countries at the UNESCO head offices in Paris.
With its 2000 square meters of Antiquity mosaics dated to 4 and 5 c. the Episcopal Basilica has no analo... read more
All photos, texts, video clips, charts and banners on our website are property of our company or of our partners and are protected by the Copyright Act of the Republic of Bulgaria. Any unauthorized use of photos, texts, videos and other materials from our website by third parties will be subject to immediate claim on the part of the copyright owners. The information on our website is with information and advertising purposes. Alhtough we have made all efforts to provide accurate information, there may be some mistakes. For full and correct information is considered only the information received at the offices of Bulgarian Properties Ltd.