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.
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