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Bulgaria is located in the southeast corner of the Balkans, at the crossroads of Europe and Asia. Its geographical location has rendered it vulnerable to attack in the past, but it has also supplied a rich cultural heritage — the country is the origin of the Cyrillic script.

Bulgaria, founded in the seventh century, is one of Europe’s oldest countries. It declared independence from the Ottoman Empire in the early twentieth century, after more than five centuries of control. Bulgaria, on the other hand, remained isolated for nearly half a century under authoritarian communist control. The country’s path to democracy began with free elections in 1990.


Bulgaria offers permanent residency in exchange for a €512,000 (BGN 1 million) investment in one of many investment funds that must be retained for five years. The funds can be withdrawn and refunded to the investor at the end of the five-year period. Bulgarian stocks, exchange-traded funds, private equity, venture capital or hedge funds, and/or real estate investment trusts (REITs) are all permissible investments.


After 5 years, Bulgarian residency investors can apply for citizenship. By increasing the investment amount by another €512,000. the citizenship option can be completed in less than 18 months.

Those seeking a more sophisticated investment in the financial market as opposed to a real estate investment in one of the other European programs may find the Bulgarian golden visa program appealing. Investors can liquidate their investment after five years, minus the initial charges.