The Economist Radio – Bulgarian Citizenship by Investment8th February 2021
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 to obtain second citizenship and recover the majority of the invested funds after the required holding period. Therefore approximately 4 years from initial investment.
Unlike Malta, Cyprus and Portugal where the investment’s value fluctuates, or which require a donation, Bulgaria uniquely combines becoming a citizen of the EU with making a recoverable investment.
The investment is of € 1 million or more in government bonds issued by the Bulgarian State and traded on international exchanges. The investment can be made through the applicant’s existing banking or brokerage relationship, and can be recovered after a 2-year holding from the date of naturalisation.
We have dealt elsewhere with how this assists the Bulgarian economy and society, but it is also very helpful from the investor viewpoint.
Programmes for investment citizenship are generally under permanent populist political threat and the EU is no different. The current favourable terms in Bulgaria may not last.
New Balkans Law Office is a law firm with a wealth of experience in nationality law and private clients matters. We have advised tens of citizen investor applicants in the last 6 years. We deal with applications for citizenship both involving investment and not.
For more information please contact us at: [email protected] or via our Contact Form.
You may also wish to visit our dedicated microsite where you can find out more about the process and associated steps, and see answers to FAQs at: citizenshipinsight.com. Please also explore further CBI/RBI articles on this website.
The Economist Ad
Photo by Andrew Parsons / i-Images