Proposal to change the conditions of the Bulgarian CBI program – The Bill of October 2019

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Bulgarian National Assembly

At the end of last year, the Bulgarian Council of Ministers has proposed certain amendments to the Law for Bulgarian Citizenship. Among some other minor changes, the most important proposals were related to the array of investment instruments that would allow the candidate to obtain Bulgarian citizenship.

The investment instruments to change

Basically, what the Council of Ministers has proposed, was to leave the option to invest in “preferential projects”. The Bill foresees to eliminate the option to invest in Bulgarian Eurobonds and in stock-listed shares.

The term and the required capital remain untouched

The time-frame of the whole process remains untouched – 12 months. The total investment amount required also remains the same – 2 million Bulgarian Lev, or 1 022 584 EUR to be precise.

You can read very interesting article by Alexander Dobrinov on the USA based website Uglobal. You can also download the text in pdf format.

For any additional information, please don’t hesitate to contact us.

4 Replies to “Proposal to change the conditions of the Bulgarian CBI program – The Bill of October 2019”

  1. El CBI de Bulgaria no es tan popular porque no está muy claro, no existen reglamentación al respecto por parte del gobierno que garantice al inversor con certeza que obtendrá la ciudadanía, solo hay una información muy vaga que dice que depositando algo más de €500000 y duplicando la cantidad, en dos años se puede solicitar la ciudadanía. Esa inversión es ” muerta” porque no se ganan intereses. Por eso los agentes bien posicionados en el mercado de CBI como Arton capital, Henley Partner, entre otros, no se atreven a ofrecerlo a sus clientes. Hay muchas opciones más favorables y 100% efectivas para obtener una segunda ciudadanía, y en menos tiempo.

    1. El CBI de Bulgaria no es tan popular como los otros programas, porque los agentes (como Arton capital, Henley Partner, entre otros) no pueden ganar mucho dinero (el CBI bulgaro es hasta 30 veces mas barato que Malta / Chipre!). Es por eso que los agentes prefieren comercializar los costosos programas de Chipre y Malta, e incluso los programas de países no pertenecientes a la UE. El programa bulgaro es extremadamente claro, pero los agentes no quieren que sepas eso 🙂
      Ver tambien: https://posolstvo.eu/blog/cyprus-citizenship-cost/

  2. with a the total investment amount required that remains the same – 2 million Bulgarian Lev, or 1 022 584 EUR to be precise. I doubt the Bulgarian CBI program is intresting… Malta and other Eu countries are offering same if not less investment!!!

    1. Hello Auot,
      You are making one very important mistake. You are mistaking the required investment with the required fee that needs to be paid. The Bulgarian citizenship by investment program requires Eurobonds purchase 1 022 584 EUR, which is 100% secure (much more secure than the money on your bank account) and remains always on your account under your control. You can liquidate it at any time and use the money as you wish. The Maltese program requires you to pay (pay, you know, kiss goodbye) irrevocably almost the same amount to the government. The Cypriot program requires you to buy real estate properties for 2 million Euro and then also pay irrevocably 150 000 EUR to the state. We really hope that you understand the difference.
      We recommend you reading https://posolstvo.eu/blog/bulgaria-vs-cyprus-which-citizenship-by-investment-program-is-better/, https://posolstvo.eu/blog/citizenship-bulgaria-vs-cyprus/, http://www.bulgarian-citizenship.org/cyprus-cip-under-pressure and https://posolstvo.eu/blog/citizenship-bulgaria-vs-malta/.

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