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 46th edition of the Sofia International Book Fair will start on December 11th.
The book fair represents a major asset in the panel of Bulgarian cultural events, reported investsofia.com
National publishing houses, as well as foreign exhibitors, display their literary production and exchange views during the 6 days event, which takes place in The National Palace o... read more
Italy is the cheapest country in Europe for a ski holiday this winter, with four of its resorts ranking in the top 10 destinations that won’t break the bank.
Bansko, Bulgaria is ranked number one (as it is year after year) in the survey by the money arm of the Post Office, with a week’s trip costing less than half that of some of its Alpine competitors.
But it was the Italian... read more
Sylvester Stallone is in Bulgaria for the shoot of his new film Rambo 5: Last Blood. The script is by Sylvester Stallon himself, and the movie has a budget of over USD 100 million.
The action star, who is the motor behind the production, chose the locality Pobitite Kamuni (Upright Rocks) near Varna, where parts of the Expendables were shot a few years back.
What makes... read more
STARO ZHELEZARE, Bulgaria (Reuters) - With fewer than 500 inhabitants, Staro Zhelezare in southern Bulgaria is a world away from the mean streets of Manhattan, but its houses and barns have now been painted with some of the most famous images from New York’s Museum of Modern Art (MoMA).
... 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.