BULGARIA FOREIGN CITIZEN INVESTING BGN ONE MILLION ($ 680,000) IN EITHER BANK OR COMPANIES CAN GET PERMANENT RESIDENCY AND THOSE INVESTED IN EXCESS OF BGN 2 MILLION AS INVESTOR CAN GET CITIZENSHIP THIS IS WHAT NATIONAL ASSEMBLY APPROVED 11TH SEPTEMBER 2013 Sofia. The National Assembly approved on the first reading the amendments to the Aliens Act, proposed by the Coalition for Bulgaria. The changes provide for a right of permanent residence for foreigners who have deposits in financial institutions and investments in Bulgarian companies. According to the changes, a permanent residence permit for foreigners will be given if they have invested over BGN 1 million or have increased their deposits to BGN 1 million in a licensed credit institution in Bulgaria under a trust period of not less than five years. The new arrangements also provide for citizenship for investors who have invested in excess of BGN 2 million. This is a measure that will encourage foreigners to inject larger amounts of investments to Bulgaria, the Bulgarian political Left says. After a re-run of the texts on the request of GERB, 87 MPs were" for", 69 MPS were "against" and 12 representatives abstained.
Posted on: Sat, 14 Sep 2013 08:13:32 +0000
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