Extended residence in Bulgaria

An extended residence permit may be granted to foreigners who possess a visa D (information below) and:

– wish to work under a contract of employment after obtaining a permit from the authorities of the Ministry of Labour and Social Policy;

– engage in commercial activities in Bulgaria according to the statutory procedure and at least ten jobs for Bulgarian citizens, maintained for the term of residence, have been created as a result of the said activities, unless otherwise agreed in an international treaty which has been ratified, promulgated and entered into force for the Republic of Bulgaria;

– are foreign specialists residing in Bulgaria by virtue of international treaties whereto the Republic of Bulgaria is a party;

– have grounds to be permitted permanent residence;

– are representatives of non-resident commercial corporations registered at the Bulgarian Chamber of Commerce and Industry;

– are financially self-supporting parents of foreigner permanent residents in Bulgaria or of a Bulgarian citizen;

– have been admitted for long-term treatment to a medical-treatment facility and possess means to pay for such treatment and to subsist;

– are foreign mass-media correspondents who are accredited to the Republic of Bulgaria;

– possess a pension entitlement under the legislation of Bulgaria, the state of origin or another state and means to subsist in Bulgaria;

– are members of the family of a foreigner who has been granted an extended or permanent residence permit;

– are the parents of a foreigner or are de facto cohabitees of a foreigner who has been granted an extended residence permit;

– wish to work on a freelance basis after obtaining a permit from the authorities of the Ministry of Labour and Social Policy;

– wish to perform non-profit activities after obtaining a permission from the Ministry of Justice under terms and according to a procedure established by an ordinance of the Minister of Justice in consultation with the Minister of Interior and with the Chairperson of the State Agency for National Security;

– have been granted a special protection status under Article 25 of the Combating Trafficking in Human Beings Act;

– are members of the family of a Bulgarian citizen;

– have invested a sum not less than BGN 600 000 – per each foreign citizen for acquisition of ownership right on immovable property on the territory of the Republic of Bulgaria, or the foreign citizen owns more than 50 percent of the capital of a Bulgarian trade company, has invested the same amount in the company’s capital and as a result of this the company has acquired ownership right on immovable property in the country to that amount; as of the date of filing of application for long-term residence permit the foreign citizen or legal person must have paid in the whole amount, which must have been received to a bank account in a licensed credit institution, and in case the immovable properties have been acquired through loans, the unpaid amount of such loans shall not exceed 25 percent;

– have made investments in economically disadvantaged areas within the meaning of the Investment Promotion Act by contribution to the capital of a Bulgarian trade company of not less than BGN 250 000, where the foreign citizen is an associate or shareholder with registered shares and owns not less than 50 percent of the company’s capital, and as a result of such investment new long-term tangible and intangible assets have been acquired to the amount of not less than BGN 250 000 and at least 5 job positions for Bulgarian citizens have been opened and maintained during the residence period which fact shall be certified by the Ministry of Economy, Energy and Tourism.

To receive an extended residence permit the persons must have accommodation, mandatory health insurance, subsistence means with no need to use the social assistance system, to the amount not less than the minimal monthly salary, the minimal scholarship or pension under the Bulgarian legislation, for the term of stay. At lodging their first residence permit application, the persons over the age of 18 submit a conviction certificate issued by the state whose citizens they are or by the state of their habitual residence.

LONG-STAY VISA (TYPE “D” VISA)
A long-stay visa is issued to a foreigner who wishes to settle for a long term or permanently in the Republic of Bulgaria.
A long-stay visa of up to 6 months and a right to stay of up to 180 days is issued to foreigners who wish to settle for a long term or permanently in the Republic of Bulgaria. A long-stay visa with a validity term of up to one year and a right to stay up to 360 days may be issued to foreigners who perform science research or are students under tuition programmes for up to one year, post-graduate or trainee students, foreigners sent on assignment by a foreign employer for the performance of specific tasks, related to control and coordination of a tourist services contract as well as foreigners sent on assignment by a foreign employer for implementing investments.
The long-stay visa entitles the holder to multiple entries in the territory of the Republic of Bulgaria within its validity term.
Documents to be presented by the applicant:
• Visa application form
• A regular foreign travel document
• Copies of the pages of the foreign travel document with the personal information and the visas laid and/or copies of the permits for stay possessed
• Recent passport-size color photograph
• Original documents and two copies thereof substantiating the application for a longstay visa under the Foreigners in the Republic of Bulgaria Act and the Regulation on its implementation, and of the financial resources possessed for subsistence and accommodation.
In order to obtain long-stay permission the person should have a home, obligatory health insurance, sufficient subsistence means, without resorting to the social assistance system, amounting to at least the minimum monthly wage or the minimum pension according to Bulgarian law for the period of stay. On the initial application for permission for stay the persons who are over the age of 18, with the exception of the stateless persons, shall present a previous convictions certificate issued by the state whose citizens are or by the state of their customary residence.

Acquiring BG citizenship by investment

 I. Under Art. 12 of Bulgarian Citizenship Act

The physical person :

  1. Must be an adult;
  2. Before no less than 5 years has been given permit for permanent or long-term residence in Bulgaria;
  3. Has not been convicted of a crime by Bulgarian court or is not prosecuted for such a crime, unless rehabilitated;
  4. Has an income or occupation that enables him to live in Bulgaria;
  5. Is skillful at Bulgarian language;

Permit for long-term residence – requirements (LFRB art. 24, para 1, items 19, 20):

  • Visa D;
  • Investment of no less than 600 000 BGN or  investment in economically disadvantaged regions of no less than 250 000 BGN plus opened at least 5 workplaces for Bulgarian citizens;

Permit for permanent residence – requirements (LFRB art. 25, para 1, items 16, 17):

  • Investment of no less than 500 000 BGN plus opened at least 10 workplaces for Bulgarian citizens;

Or

  • Acquired permit for long-term residence and keeping the investment over 5 years;

II. Under Art. 12a of Bulgarian Citizenship Act

Permit for permanent residence – requirements (LFRB art. 25, para 1, items 6, 7, 8, 13):

  • Investment of over 1 million BGN or  increase of the investment with this amount through the acquisition of:
  1. shares in Bulgarian commercial companies, traded on a regulated Bulgarian market;
  2. shares and treasury bonds and derivative instruments issued by the State or by municipalities, with a residual maturity not less than 6 months;
  3. ownership rights over an isolated part of the property of a Bulgarian commercial company with more than 50 percent state or municipal participation in the capital under the Act of Privatization and Post- privatization Control;
  4. shares or stocks owned by the state or municipalities in a Bulgarian commercial company in compliance with the Act of Privatization and Post- privatization Control;
  5. Bulgarian intellectual property – objects of copyright and related to it rights, patent-protected inventions, utility models, trademarks, service marks and industrial design;
  6. rights under concession contracts on the territory of the Republic of Bulgaria;

or

  • Deposit of 1 million BGN in a licensed credit institution in Bulgaria under fiduciary management for a period not less than five years;

or

  • Investment in the capital of Bulgarian company which shares are not traded on a regulated market of no less than 6 million BGN;

or

  • Performing activities and certification under the Investment Promotion Act – implementing and/or maintaining an investment which has received a certificate for class А, class B, or priority investment project;

The physical person :

  1. Must be an adult;
  2. Before no less than 5 years has been given permit for permanent or long-term residence in Bulgaria;
  3. Has not been convicted of a crime by Bulgarian court or is not prosecuted for such a crime, unless rehabilitated;
  4. Has an income or occupation that enables him to live in Bulgaria;

 III. Under Art. 14a of Bulgarian Citizenship Act

The physical person :

  1. Must be an adult;
  2. Has not been convicted of a crime by Bulgarian court or is not prosecuted for such a crime, unless rehabilitated;

A) Before no less than 1 year has been given permit for permanent residence in Bulgaria under LFRB art. 25, para 1, items 6 or 7 and has increased the investment under the same conditions to 2 million BGN or  has invested in the capital of Bulgarian company no less than 1 million BGN for implemented priority investment project;

or

B) Before no less than 1 year has been given permit for permanent residence in Bulgaria for performing activities and certification under the Investment Promotion Act – implementing and/or maintaining an investment which has received a certificate for class А, class B, or priority investment project. During this year the investments performed and put into exploitation are maintained above the minimum score for certificate for class А;

Permit for permanent residence – requirements (LFRB art. 25, para 1, items 6, 7):

  • Investment of over 1 million BGN or  increase of the investment with this amount through the acquisition of:
  1. a) shares in Bulgarian commercial companies, traded on a regulated Bulgarian market;
  2. b) shares and treasury bonds and derivative instruments issued by the State or by municipalities, with a residual maturity not less than 6 months;
  3. c) ownership rights over an isolated part of the property of a Bulgarian commercial company with more than 50 percent state or municipal participation in the capital under the Act of Privatization and Post- privatization Control;
  4. d) shares or stocks owned by the state or municipalities in a Bulgarian commercial company in compliance with the Act of Privatization and Post- privatization Control;
  5. e) Bulgarian intellectual property – objects of copyright and related to it rights, patent-protected inventions, utility models, trademarks, service marks and industrial design;
  6. f) rights under concession contracts on the territory of the Republic of Bulgaria;

or

  • Deposit of 1 million BGN in a licensed credit institution in Bulgaria under fiduciary management for a period not less than five years;

If you have any questions regarding the acquiring of Bulgarian citizenship, do not hesitate to contact us.

What you should know about business name reservation in the commercial register?

  Business name (known as a firm) is the name under which the trader carries his occupation and shall be signed. It must correspond to the truth, not be misleading and does not undermine public order and morality. Every firm has content prescribed by the law which may include indication of the sphere of activity, the persons involved and freely chosen supplement. The trader is obliged to write firm’s name in Bulgarian, as he could additionally inscribe it in a foreign language.

  The trader has an exclusive right over the firm. It can only be used by the trader who has made the registration. It can’t be identical or similar to a trade mark or earlier registered company. The firm can be changed upon request of the trader who has made the registration.

  Firm’s name reservation shall have effect for six months and prevents another trader to be entered in the commercial register under the same firm. The reserved firm cannot be estranged and transferred.

  Everyone can reserve a firm before submitting the application for registration but the trader must be entered in the commercial register within six months.

  Required documents :

  • Application for firm’s reservation;
  • A document certifying the representative authority of the applicant (when the application is submitted by a representative of the person concerned);
  • A document for paid state fee;

  You can check whether the chosen name is unique and does not repeat another already registered on the website of the Commercial Register – www.brra.bg. Using the English version, you should select section “References”, then “Rights over company”. In the field “Business name” you are typing the name of the company you wish to register. If an inscription in red “No results found” appears, this means that probably the name is available and can be used.

  To be completely sure that the name is free, you need to check also Bulstat Register – http://bulstat.registryagency.bg/. Since the access to it is limited and requires payment, Global Consult Europe can perform this check for you.