The Bulgarian government has taken it upon itself to amend its Citizenship law in 2017 and bring it into action in 2019.
The outcome following the amendment resulted in a reduction of the time required for obtaining citizenship by 3-6 months, as now the process of the interview and the citizenship take place simultaneously.
After the introduction of the Fast Track and the Standard Track, the Bulgarian government is now adding two options under the concept of Fast Track, where both of them require two investments.
- The first option demands the first investment of €513,000 in government bonds or shares of a listed company, as well as a second investment which has to be made “in the capital” of a running a “priority investment project”.
- The second option shares the same first demand as the first option, but differs in where the shares are acquired, as here the shares should be acquired in a company. As for the second investment, which could be made at any point after holding a permanent residence permit, and would have to surpass a threshold variable depending on location and sector.
Keeping in mind that the change will only be effective for those who have not yet submitted their citizenship applications.
