ΕλληνικάBulgaria grants permanent residence to qualifying third-country investors immediately, without any obligation to live in the country, and permits an application for naturalization five years later on an A1 language test. That combination is what has distinguished the Bulgarian programme from every comparable European route. It is also what a bill now before the National Assembly would remove. On 27 July 2026 the Council of Ministers approved a draft amending the Foreigners in the Republic of Bulgaria Act by Decision 575, and the National Assembly registered it on 28 July under reference 52-602-01-29. If enacted as drafted, any permanent residence holder who spends less than six months and one day in Bulgaria in a calendar year would lose that status.
Nothing has changed yet, and nothing may. The bill has not passed committee, first reading, amendment or second reading, and Bulgarian legislation of this kind frequently emerges materially altered. But any investor considering Bulgaria in the second half of 2026 needs the position stated accurately rather than as it appeared six months ago, and any adviser still marketing the programme purely on the absence of a residence requirement is describing a feature that a sitting government has proposed in writing to abolish.
Request a Bulgaria Investment Residence Eligibility Assessment. We will assess your position against the law as it stands and against the bill as drafted, before you commit capital.
The Bill of 28 July 2026 and what it would do
Article 40, paragraph 1 of the Foreigners in the Republic of Bulgaria Act lists the grounds on which the authorities withdraw a foreigner’s right of residence. Item 6 of that list presently reaches holders of both long-term and permanent residence permits and bites only after twelve consecutive months of absence from the territory of the European Union as a whole. It is, in practice, a rule almost impossible to breach: an investor who visits any Member State once a year satisfies it.
Section 17 of the bill rewrites item 6 so that it reaches long-term residence permits alone, and inserts a new item 24 applying to permanent residence holders. Two things change at once. The measuring stick narrows from the whole Union to a single country, and presence replaces absence, so a holder must be in Bulgaria for most of the year rather than merely avoid a full year away from Europe.
The critical point for investors is the carve-out. The version of item 6 being replaced excepts permanent residence granted on the investment grounds, which sit in Article 25, paragraph 1, items 6 to 8, 13 and 16, and in Article 25g. The redrafted item 6 keeps that carve-out but confines the provision to long-term residence permits. New item 24 contains no exemption of any kind. It spares neither investors nor foreigners caught abroad by a declared state of emergency, a shield that item 6 retains for long-term residents. Whether the retained carve-out still protects any investor turns on a question of Bulgarian law that the bill does not resolve, namely whether a foreigner can hold long-term residence and permanent residence at the same time.
We note that at least one prominent industry participant reads the draft as leaving investment-based pathways unchanged. On the text as published that reading is difficult to sustain, since item 24 reaches any foreigner who has obtained a permanent residence permit and names no exception for the investment grounds. Investors should not rely on reassurance that the provision does not apply to them.
Three further features of the bill matter. Withdrawal under Article 40, paragraph 1 is described in Bulgarian practice as imperative rather than discretionary, tempered by the obligation under Article 44, paragraph 2 to weigh length of residence, family circumstances and social and cultural ties before imposing a coercive administrative measure. Directive 2003/109/EC permits Member States at Article 9(2) to disregard long absences in exceptional circumstances, but whether the Directive reaches item 24 is genuinely open: the Directive governs EU long-term resident status, which is the status the bill leaves inside item 6, whereas Bulgarian permanent residence is a national creation that the bill moves into a purely domestic rule. And the bill, which runs to Section 38, contains no commencement date, nothing grandfathering existing permit holders and nothing specifying which calendar year would be tested first. Under Article 5, paragraph 5 of the Bulgarian Constitution legislation enters into force three days after promulgation in the State Gazette unless it provides otherwise, so read literally a law promulgated in late 2026 would put the current year’s attendance in issue for permits held throughout a year in which no such requirement existed.
The provision also reaches far beyond investors. Spouses of Bulgarian citizens, people of Bulgarian descent and long-settled foreigners all hold the same permanent residence permit, and item 24 draws no distinction between them. That breadth is the likeliest source of opposition at committee stage, and it is the reason we would not presently advise any client that the measure is certain to pass in its current form.
If you already hold Bulgarian permanent residence and are approaching five years of eligibility for naturalization, the timing question is urgent: withdrawal of the permit would reset the qualifying clock. Contact us for an assessment.
What the programme is in 2026
What is marketed internationally as the Bulgaria Golden Visa is not a discrete statutory scheme but a set of investment grounds within Article 25, paragraph 1 of the Foreigners in the Republic of Bulgaria Act, each of which entitles a qualifying third-country national to permanent residence. It is a residence programme. It is not, and since 2022 has not been, a route to citizenship in return for an investment.
Two developments have changed the programme’s character without changing its substance. Bulgaria adopted the euro on 1 January 2026 at the irrevocably fixed rate of 1 euro to 1.95583 leva, and Section 11 of the present bill restates the Article 25 minimums in euro accordingly. Bulgaria has also acceded to the Schengen area, which alters what the permit is worth in mobility terms. Neither development raised or lowered any threshold in real terms.
Who may apply
The routes are open to third-country nationals, meaning persons who are not citizens of a Member State of the European Union, the European Economic Area or Switzerland. Nationals of those states have free movement rights and have no need of the programme. As with every residence application, admissibility remains subject to the general grounds of public order, public security and public health, and to the source-of-funds and due-diligence requirements described below, which in practice screen out more applicants than the substantive criteria do.
Qualifying investment routes and the current thresholds
Article 25, paragraph 1 contains several investment grounds at different levels, and the correct figures following euro adoption are those restated in Section 11 of the bill at the fixed conversion rate. One million leva becomes €511,291.88. Two million leva becomes €1,022,583.76. Six million leva becomes €3,067,751.29. Three further figures follow the same arithmetic: 500,000 leva becomes €255,645.94, three million leva becomes €1,533,875.64 and five million leva becomes €2,556,459.41. Every qualifying amount holds steady in real terms; none has been increased or reduced.
The figure of €512,000 that appears throughout the international marketing material is a rounding of the one-million-leva tier and not the statutory sum. Where a client is transferring funds to meet a threshold precisely, the difference matters, and the statutory figure should be used.
Separately, Section 7 of the bill converts the extended residence grounds in Article 24, paragraph 1, where 100,000 leva becomes €51,129.19, 600,000 leva becomes €306,775.13 and 250,000 leva becomes €127,822.97. These are extended, not permanent, residence permits, and the proposed presence requirement in item 24 does not reach them. That distinction is easily lost in comparative marketing material and is worth understanding before choosing a route.
The investment fund route in detail
Article 25, paragraph 1, item 6 contains four distinct investment grounds, and confusing them is the commonest error in the published material. Letter (a) covers shares or bonds of Bulgarian companies traded on a regulated market or multilateral trading facility in Bulgaria, at a market value of not less than two million leva. Letter (b) covers rights under concession contracts on Bulgarian territory with a contract value of not less than one million leva. Letters (c) and (d) cover collective investment schemes and alternative investment funds respectively, each at not less than one million leva.
The route most international investors use is letter (d), the alternative investment fund. The statutory conditions attach to the fund as much as to the investor. The fund must be established in the Republic of Bulgaria and managed by a Bulgarian alternative investment fund manager operating under the Law on Collective Investment Schemes and Other Undertakings for Collective Investment. The assets of each fund must be not less than three million leva. Both the fund and its manager must be licensed or registered with the Financial Supervision Commission. And the investment strategy must be directed principally at Bulgarian assets, investing solely in units, shares and bonds of Bulgarian companies, including special purpose investment companies.
A five-million-leva figure appears in several published guides and is frequently quoted as the fund asset threshold. It is correct, but for a different vehicle: five million leva is the minimum net asset value of a collective investment scheme under letter (c). For alternative investment funds under letter (d) the figure is three million. Guidance that applies the five-million figure to an alternative investment fund has conflated two adjacent provisions, and an investor relying on it may reject an eligible fund or accept an ineligible one.
The practical consequence is that the diligence an investor must do runs in two directions. The investor is assessed by the Bulgarian authorities, and the fund must be assessed by the investor and their advisers. A subscription into a vehicle that does not satisfy the statutory conditions does not become a qualifying investment because it was marketed as one, and the licensing status of the fund and its manager with the Financial Supervision Commission should be verified independently rather than taken from the promoter’s material.
Request a Bulgaria Investment Residence Eligibility Assessment. Before you subscribe to any fund, we will verify its standing with the Financial Supervision Commission and confirm that the structure proposed to you satisfies the statutory conditions.
The competent authorities
The Financial Supervision Commission licenses or registers the qualifying funds and their managers, and its register is the authoritative check on whether a proposed vehicle is eligible.
The Bulgarian Investment Agency issues the preliminary approval for making the investment, under Article 25, paragraph 7 of the Foreigners Act and Article 39, paragraphs 6 and 7 of its implementing regulation. Two features of this stage are decisive and are routinely misunderstood. First, the sequence: the foreign national makes the investment only after the Agency has checked and assessed the documents submitted. Pre-approval precedes the capital, not the reverse. Second, and more important, the preliminary approval is expressly not a ground for the issue of a long-stay visa or for the grant of a right of residence. It confirms that the source of funds and the applicant have passed scrutiny; it confers nothing. An investor who treats it as an assurance of the outcome has misread it.
The Agency decides within forty days, following coordination with the State Agency for National Security and the Ministry of Interior, which deliver their opinions under Article 25, paragraph 9 within twenty-five days. The period may be extended by ten working days in cases of legal or factual complexity, and the Agency may require further documents. The approval, once issued, is valid for six months, which sets the window within which the investment and the subsequent application must proceed. No fee is charged for the service. The decision is taken by the Executive Director of the Agency and is appealable to the Administrative Court within fourteen days of notification.
The Migration Directorate of the Ministry of Interior then determines the permanent residence application itself, and the Bulgarian consular authorities issue the type D visa. The Ministry of Justice becomes relevant only at the later naturalization stage.
The sequencing is deliberate and it is in the investor’s favor. Clearing due diligence before the investment is made means that an applicant who will not pass finds out before, not after, half a million euros has been committed to a five-year holding.
[FOR CONFIRMATION BY BULGARIAN COUNSEL: the family-member categories and age limits under the Foreigners Act, and the fees payable at the visa and residence stages. The Investment Agency procedure, the statutory thresholds and the pre-approval timetable set out above are taken from the Council of Ministers administrative register and require confirmation only, not research.]
Due diligence, source of funds and AML
An investment migration application is a regulated financial transaction as much as an immigration one. The applicant must demonstrate the lawful origin of the invested funds to the standard applied under Bulgarian anti-money-laundering legislation and by the receiving institution, and the evidential burden falls on the applicant. In our experience across comparable European programmes, applications fail or stall on source-of-funds documentation far more often than on eligibility. Funds arising from the sale of a business, from inheritance, from the disposal of property or from accumulated remuneration each require a different documentary chain, and that chain should be assembled before the application is filed rather than in response to a request from the authorities.
From D visa to permanent residence
A third-country national who requires a visa must ordinarily obtain a national long-stay visa, the type D visa, from the competent Bulgarian consular authority before travelling, and the permanent residence application follows in Bulgaria. The sequence matters: entry on a short-stay Schengen visa does not lead to a residence permit, and an investor who arrives on the wrong basis will have to leave and begin again.
Documentation required
The documents required at the pre-approval stage are prescribed by Article 39, paragraph 6 of the implementing regulation and are not a matter of practice. They comprise a certified copy of a valid passport with at least six months remaining, showing the photograph and personal data pages; a bank reference for an account held in the applicant’s name with a credit institution in Bulgaria, another Member State, an EEA state, Switzerland or a qualifying third country under the anti-money-laundering legislation, evidencing available funds in leva or euro of not less than the applicable threshold; a declaration of the source of funds on the Agency’s own approved form, signed personally; a declaration as to politically exposed person status under the anti-money-laundering legislation, again on the Agency’s form and signed personally; a criminal record certificate from the country of origin or of permanent residence; optionally, documents concerning the applicant’s employment, professional and investment activity; and a notarized power of attorney where the application is made by a representative.
Two formal requirements catch applicants out. Documents must be submitted in original or notarized copy with Bulgarian translation, and must satisfy the legalization or apostille requirements applicable to the issuing state, with a simplified regime for official documents from other Member States. And every document must have been issued not more than sixty days before it is submitted, with no change in the facts it certifies. A criminal record certificate obtained early in the process will expire before it is used, and this is a common and entirely avoidable cause of delay.
For the residence application itself the file ordinarily comprises a valid passport, police clearance certificates from the country of nationality and from the country of permanent residence, a birth certificate, passport photographs, a marriage certificate where applicable, evidence of income or financial resources, the certificate evidencing the qualifying investment issued by the fund management company, and the anti-money-laundering and politically exposed person declarations. Foreign documents must be legalized or apostilled and officially translated, and police certificates are ordinarily accepted only if recently issued. Assembling this file, and in particular obtaining certificates from a country the applicant no longer lives in, is routinely the slowest part of the process and should begin early.
The application procedure stage by stage
Practitioner accounts describe a consistent sequence, and the indicative periods below reflect that practice rather than any statutory guarantee. In the first two months the applicant clears due diligence and pre-approval, makes the qualifying investment, obtains the certificate of investment from the fund management company, and assembles the application file. The investment can ordinarily be made remotely.
In the third and fourth months the application for the type D visa is made to the competent Bulgarian embassy or consulate, with a period in the region of thirty working days commonly cited. In the fifth month the applicant travels to Bulgaria and lodges the permanent residence application with the local Migration Office, a stage that requires physical presence for biometric enrolment and which practitioners describe as ordinarily determined within forty-five working days. On approval the card itself issues within a few working days. Total elapsed time to permanent residence is commonly stated as six to eight months.
Family members follow once the principal holds the card, each proceeding through the same visa and residence sequence, with a further period of some months to completion. Where children are involved, both parents must ordinarily attend or one must provide notarized consent.
These are indications, not commitments. No adviser can guarantee a processing time, and any material that does should be treated with suspicion.
Rights obtained through permanent residence
Permanent residence confers the right to reside in Bulgaria indefinitely, to work in Bulgaria without a separate work authorization, to access the Bulgarian healthcare and education systems on the applicable terms, and to acquire property in Bulgaria, subject to the constitutional restrictions that apply to agricultural land. It permits short stays elsewhere in the Schengen area as described below, and it opens family reunification. Bulgaria’s flat rate of personal income tax is frequently cited among the programme’s attractions, but it is a feature of Bulgarian tax residence rather than of the permit, and the two are not the same thing.
It does not confer the right to vote, to hold a Bulgarian passport, or to move freely for work and establishment within the Union. Those follow from citizenship, which is a separate and considerably longer question addressed below.
Renewal, maintenance and loss of status
Permanent residence is indefinite in status, but the card evidencing it is issued for a fixed term and must be renewed periodically, ordinarily every five years. Renewal of the card is an administrative step and should not be confused with the substantive status, which continues so long as its conditions are met.
Those conditions are where status is lost. Disposal of the qualifying investment before the end of the maintenance period removes the basis of the permit. Grounds of public order and public security apply throughout. And under the bill described at the head of this article, insufficient physical presence in Bulgaria would become a further and mandatory ground of withdrawal. An investor should understand that permanent, in this context, describes the absence of an expiry date rather than immunity from withdrawal.
Family members
The programme permits family members to obtain status linked to the principal investor, and Bulgarian practice has been comparatively generous on this point relative to several European programmes. The precise categories, the age limits applying to children and the position of dependent adult children and parents should be confirmed against the current text of the Foreigners Act in each case, since the treatment of adult children in particular differs between the residence and the naturalization frameworks.
The bill has a consequence here that is easily overlooked. Item 24 reaches every holder of a permanent residence permit, so a spouse or child who obtained permanent residence through the principal investor would be independently subject to the presence requirement. A family that intends to remain outside Bulgaria should understand that each member’s status would be tested separately.
Maintaining the investment, and what happens if you do not
Permanent residence obtained on an investment ground is conditional on the investment being maintained in the form and for the period the statute prescribes, which for the fund route is five years. Investors should be alert to a contradiction that runs through much of the published material on this programme, which describes the qualifying funds as open-ended and redeemable at will while simultaneously stating the five-year holding requirement. Both cannot be true of a subscription that is supporting a residence permit. The commercial liquidity of the instrument and the immigration consequence of redeeming it are different questions, and an investor who acts on the first without regard to the second will lose the status the investment was made to obtain. Disposal, redemption or restructuring of the qualifying holding during that period removes the basis on which the permit was granted and exposes the investor to withdrawal of status, with consequences for any family members whose permits derive from the same investment. Any liquidity event affecting the qualifying holding should be planned with immigration counsel before it is executed, not explained afterwards.
Schengen, and what the permit does not give you
Following Bulgaria’s Schengen accession, a Bulgarian residence card permits short stays of up to ninety days in any one hundred and eighty in other Schengen states without a further visa. It does not confer a right to reside, work or establish a business in another Member State, each of which remains governed by that state’s own immigration law. Marketing material that presents a Bulgarian permit as European residence overstates it, and investors whose objective is to live in a specific other Member State should be advised on that state’s rules rather than on Bulgaria’s.
Tax residence is a separate question
Holding a Bulgarian residence permit does not by itself make a person a Bulgarian tax resident, and does not by itself end tax residence elsewhere. Tax residence is determined under Bulgarian tax legislation by reference to physical presence, permanent address and center of vital interests, and under the corresponding rules of the other jurisdiction, subject to any applicable double taxation treaty. An investor who acquires Bulgarian residence while continuing to live and work elsewhere will ordinarily remain taxable in the other jurisdiction. The proposed presence requirement introduces a complication that deserves emphasis: an investor compelled to spend more than six months a year in Bulgaria in order to preserve permanent residence may thereby become Bulgarian tax resident, whether or not that was intended. Immigration and tax planning cannot be conducted separately here.
Citizenship: what was abolished and what remains
Bulgaria’s accelerated citizenship-by-investment programme was abolished in 2022, and applications pending under the previous framework were cancelled at that time. There is no route by which an investor obtains Bulgarian citizenship directly or automatically in return for making a qualifying investment. Any adviser or promotional material suggesting otherwise is describing a regime that no longer exists.
What remains is sequential and considerably longer than the marketing suggests. A qualifying investment leads to permanent residence. The investment must then be maintained for a five-year period. Only after that may an application for naturalization be made under the ordinary provisions of the Bulgarian Citizenship Act, which impose their own conditions including a Bulgarian language examination at A1 level, subject to exemption. Naturalization is an application assessed on its merits, not an entitlement, and the competent authorities retain discretion.
The figure of five years is widely quoted and widely misunderstood. It is the period for which the investment must be held, not the period from investment to passport. Practitioners in Bulgaria describe a total elapsed time to citizenship in the region of seven years once the application and processing stages are added to the qualifying period, against roughly six to eight months to permanent residence. An investor told he will hold an EU passport five years from now is being told something the timetable does not support, and the difference of two years is material to anyone planning around it. This is precisely why the proposed presence requirement matters so much: withdrawal of the permit for insufficient presence would reset the clock entirely.
Two further conditions are consistently understated in promotional material and should be confronted directly. Bulgarian naturalization ordinarily requires the principal applicant to be released from his or her existing citizenship, subject to the exemptions the legislation provides. An investor for whom retaining an existing nationality is non-negotiable should establish at the outset whether an exemption applies to them, because discovering the point in year six is not a recoverable position. And family members do not acquire citizenship automatically when the investor does. A spouse must ordinarily hold permanent residence for a minimum period in his or her own right before applying, and children under eighteen follow a separate application process rather than being carried by the parent.
Bulgaria compared with Greece, Cyprus and Spain
Greece grants a renewable five-year investor residence permit rather than permanent residence, principally through real estate at thresholds that since 2024 vary by location, with higher amounts applying in Attica, Thessaloniki, Mykonos, Santorini and islands above a defined population. It imposes no general minimum physical presence for renewal, and it does not grant permanent status at the outset.
Cyprus, like Malta, grants permanent residence immediately, which places it closer to Bulgaria in structure, though its qualifying investments and its route to citizenship differ substantially.
Spain’s Golden Visa regime has been terminated and is not available to new applicants. Comparisons and older guidance still presenting Spain as an option are out of date.
Stated fairly, Bulgaria’s distinguishing combination has been permanent residence from the first day, no obligation to live in the country, and naturalization eligibility after five years on an A1 language test. Cyprus and Malta each grant immediate permanent residence but require years of actual residence before citizenship. It is that combination, not the investment threshold, which has made Bulgaria attractive, and it is that combination which the present bill would break.
Request a Bulgaria Investment Residence Eligibility Assessment. If you are weighing Bulgaria against Greece or Cyprus, we advise on all three and will tell you which fits your objectives rather than which we are instructed on.
Who the programme suits, and who it does not
On the law as it currently stands, the programme suits an investor whose objective is secure European residence status obtained quickly, who can commit capital of at least €511,291.88 for the prescribed period, whose source of funds is well documented, and who does not need to relocate. It has suited internationally mobile families and business owners for whom the absence of a presence requirement was decisive.
It suits considerably less well an investor whose real objective is an EU passport on a short horizon, an investor who cannot evidence the origin of funds to a regulated standard, or an investor who requires the right to live and work in a particular other Member State. And on the bill as drafted, it may cease to suit the very group it was designed for. Anyone whose plan depends on never living in Bulgaria should treat the legislative position as the first question in the analysis rather than the last.
Request a Bulgaria Investment Residence Eligibility Assessment. Our Sofia office and our cross-border private client team will review your eligibility, your source-of-funds position, the fund or asset proposed, and your exposure to the pending legislation, before any capital is committed.
Frequently asked questions
Does Bulgaria offer citizenship by investment in 2026? No. The accelerated citizenship-by-investment programme was abolished in 2022 and pending applications under it were cancelled. A qualifying investment leads to permanent residence, and permanent residence with the investment maintained for five years may found a later application for naturalization under the ordinary rules of the Bulgarian Citizenship Act, including an A1 language requirement and, for the principal applicant, ordinarily release from existing citizenship. Nobody obtains a Bulgarian passport in return for an investment.
So how long does citizenship actually take? Longer than five years. Five years is the period for which the investment must be held; the application and processing stages follow it. Bulgarian practitioners describe a total of roughly seven years from investment to citizenship. Permanent residence itself is reached in approximately six to eight months.
Would I have to give up my current citizenship? The principal applicant ordinarily must be released from existing citizenship on naturalization, subject to the exemptions the legislation provides. This is frequently omitted from promotional material and should be resolved before you invest, not in year six.
How much must I invest? The principal fund route requires one million leva, restated at the fixed conversion rate as €511,291.88. Higher tiers exist at €1,022,583.76 and €3,067,751.29, and further statutory figures at €255,645.94, €1,533,875.64 and €2,556,459.41 apply to other grounds. The €512,000 quoted in most marketing material is a rounding of the lowest tier.
Do I have to live in Bulgaria? Under the law as it currently stands, no. That is the programme’s defining feature. A bill registered in the National Assembly on 28 July 2026 would require permanent residence holders to spend more than six months of each calendar year in Bulgaria or lose the status, with no exemption for investors as drafted. It has not been enacted and may change in committee, but it should be factored into any decision taken now.
Would the new presence requirement apply to me if I already hold permanent residence? As drafted, yes. The bill contains no transitional provision and nothing grandfathering existing permit holders, and it does not specify which calendar year would first be tested. Read literally, a law promulgated in late 2026 would put the current year’s attendance in issue.
Does Bulgarian permanent residence let me live and work anywhere in the EU? No. It permits short stays of up to ninety days in any one hundred and eighty in other Schengen states. Residence, employment and establishment in another Member State are governed by that state’s own law.
Will I become a Bulgarian tax resident? Not automatically. Immigration residence and tax residence are determined separately, the latter by physical presence, permanent address and center of vital interests, subject to any applicable double taxation treaty. Note however that if the proposed presence requirement is enacted, complying with it may itself create Bulgarian tax residence.
What happens if I sell the investment? The permit was granted on the basis of the qualifying investment, and disposing of it during the prescribed maintenance period removes that basis and exposes you, and any family members holding derivative status, to withdrawal. Take advice before any disposal or restructuring.
OIKONOMAKIS LAW has practiced since 1997 and maintains an office in Sofia alongside offices across Europe and beyond. We coordinate the Bulgarian and the cross-border elements of investor residence matters, including eligibility assessment, fund and asset diligence, source-of-funds documentation, the visa and permanent residence procedure, family applications, and the tax and structuring questions that sit alongside them. Further information is available on our immigration law and corporate law pages. Our Sofia office at 14 Tsar Osvoboditel Boulevard, 5th and 6th Floors, can be reached on +359 24929301 or at bg@oikonomakislaw.com.
Disclaimer: this article sets out the position on Bulgarian permanent residence by investment as at August 2026 and does not constitute legal advice in an individual case. The bill described above is a draft before the National Assembly and has not been enacted; its terms may change or it may not pass. Investment thresholds, qualifying conditions and procedural requirements should be verified at the time any application is made. Nothing here guarantees approval of any application, any investment return, any processing time, any tax outcome or the acquisition of Bulgarian citizenship. Assessment of a specific matter requires advice from a qualified lawyer. No liability is accepted for decisions taken solely on the basis of this article.
Prepared by Christos Oikonomakis, Chairman, OIKONOMAKIS LAW