Desislava Simeonova
Russian Regional Specialist
Desislava’s main focus in NBLO is Citizenship & Immigration. Because of her intercultural awareness and experience, she is a valuable addition to NBLO’s general practices with clients from Russia and CIS. Desislava has participated in a number of events in the area of citizenship by investment, wealth management and tax structuring, and has represented NBLO in Russia, Ukraine and India. She is fluent in Bulgarian and Russian and also speaks English.
Qualifications: Saint Petersburg State University
Languages Spoken: Bulgarian, Russian and English
Office Location: Sofia
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Citizenship and Immigration
We advise individuals and families planning for their future and their legacy. We understand that immigration can be complex, often stressful and traumatic. With our professional advice and sensitive approach we will guide you through all your options and will help you to achieve the best possible outcome. We aim to accomplish this in the […]
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Citizenship by Investment
Citizenship by Investment Bulgarian law provides a fast-track route to citizenship by investment. Bulgaria provides an accessible, transparent and respectable gateway into the European society, way of life, and economy through EU citizenship. The requirement is to invest, rather than donate to a government fund. Investor may in principle expect to keep the principal and […]
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Expat Assistance
Advice prior to arrival Work permit requirements and immigration (for non-EEA, non-Swiss nationals); Arranging residence documents (for EEA and Swiss nationals); Setting up a Trade Representative Office; Planning for issues connected with healthcare, education, child care and buying, owning and renting property. After arrival Renting and owning property, establishing and terminating leases over office space […]
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How to Open a Bank Account in Bulgaria as a Foreign Business
In this article, we provide an overview of the criterion that overseas incorporated businesses must generally fulfil in order to open a bank account in Bulgaria. We have restricted our analysis to organisations that are structured as companies or corporations in their home jurisdiction. Although Bulgarian law tends to recognise the legal forms of other […]
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Benefits of Bulgarian Tax Residency
Bulgaria’s tax regime has emerged as one of Europe’s most competitive frameworks, offering significant advantages for both individuals and corporations seeking tax-efficient structuring within the European Union. This analysis examines the key benefits of establishing Bulgarian tax residency, focusing on the legislative provisions that create these advantages. Corporate Tax Residency Benefits Flat Corporate Income Tax […]
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Real Estate Residence by Investment in Bulgaria
Overview Bulgaria offers a structured and accessible route for obtaining residence permits via direct investment in real estate. This pathway, grounded in the Aliens in the Republic of Bulgaria Act and related national regulations, is particularly attractive to non-EU nationals seeking legal residence in an EU country with practical advantages for business, family stability, and […]
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Amendment Clarifies Holding Period for Investment Permanent Residence in Bulgaria
A recent amendment to the Aliens in the Republic of Bulgaria Act brings greater legal certainty to investors benefiting from the country’s permanent residence by investment route. Under the revised text, foreign nationals who have been granted permanent residence in Bulgaria on the basis of an eligible investment may now alter or withdraw that investment […]
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Pre-approval Process and Source of Funds for Citizenship by Investment
The pre-approval or pre-clearance process carried out by the Bulgarian Investment Agency (“BIA”) was newly introduced by legislation in March 2021 and is currently subject to refinement by means of secondary legislation and internal rules by the BIA. Its purpose is to give assurance about the legitimacy of investors, including their compliance with anti money laundering (“AML”) law and […]
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Legalization of documents for use in Bulgaria
In order for official documents issued abroad to be used in Bulgaria, they may need to go through a legalization process. The type of legalization depends on whether: A bilateral Mutual Legal Assistance Agreement (“MLAA”) is in place between Bulgaria and the document issuing state; OR the issuing state is a member of The Hague […]
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Bulgaria allows citizenship by origin up to 3rd generation
Legal basis of Bulgarian citizenship by origin applications Bulgarian Citizenship by Origin is based on provisions in the Bulgarian Citizenship Act. In early 2021, the Bulgarian Parliament partially amended the legislation governing Bulgarian citizenship by origin. Pursuant to Article 15 of the Bulgarian Citizenship Act, a person who is not a Bulgarian citizen may acquire Bulgarian […]
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The Economist Radio – Bulgarian Citizenship by Investment
NBLO has just released an ad on Economist Radio, in which we refer to the famous quip attributed to Boris Johnson – when it came to Brexit, the UK could both have its cake and eat it. Citizenship by Investment in Bulgaria is very much like that. Bulgaria, uniquely in the European Union, allows investors […]
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EU Citizenship by Investment and Residence by Investment in Bulgaria
You may also wish to visit our dedicated microsite where you can find out more about the EU citizenship by investment process and associated steps, and see answers to FAQs at: citizenshipinsight.com. Please also explore further CBI/RBI articles on this website. Overview Bulgaria is one of several EU member states which offers a citizenship by […]
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The Maltese Individual Investor Programme
NBLO is a Bulgarian law firm, but in our experience in the field of citizenship by investment over the years, we have learnt of other European programmes in addition to the Bulgarian one. While we do not advise on these, we wish to offer clients all options which we feel comfortable are suited to their […]
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NBLO presented the Bulgarian CBI program in Mumbai
Nestor Suarez and Desislava Simeonova, associates at New Balkans Law Office, were invited to the Global Investment Immigration Summit that took place in Mumbai, India on 1st February 2020. As a law firm working in both Bulgaria and the United Kingdom, and specialised in immigration, New Balkans Law Office has accumulated considerable experience in citizenship […]
