Bulgarian citizenship by Investment: new rules since March 2021

Bulgarian authorities have announced the terms of the updated program “Bulgarian Citizenship for Investments” (CIP). On February 26, 2021, the Bulgarian Parliament approved а Bill amending the Bulgarian Citizenship Act. Recall that the investment was previously made for 5 years in a special package of government bonds guaranteed by the Bulgarian government. There were no other options, including it was impossible to choose real estate for the program. However, the investment was completely refundable. This is a very significant factor that was a distinctive feature of the program. But now Government/sovereign bonds are no longer eligible.

Since March 2021, there are more options for obtaining a Bulgarian passport, and not all of them at the previous minimum investment rate.

  • Stocks traded in Bulgaria ~USD 1,240,000
  • UCITs (EU regulated fund vehicles) including exchange-traded funds (ETFs) with a focus on Bulgaria ~USD 620,000
  • Investing in any way in Alternative investment funds (AIFs) (including private equity, venture and hedge funds), a part of whose focus is on Bulgaria ~USD 620,000
  • Participation in a Bulgarian company carrying on a Certified Priority Investment Project (CPIP) – these are analogues of EB-5 Regional Centers ~USD 1,240,000
  • Participation in a Bulgarian company employing 10 Bulgarian persons or more ~USD 310,000
  • Investment in a Bulgarian private company, invested in any sector or geography ~USD 3,700,000
  • Investment in a Certified Investment Project (CIP) (this is different to CPIP above). Exact amount and conditions are project-dependent.

Investments are shown in dollars only approximately, since you will need to invest in local currency.

Please note that for the real start of the program “Bulgarian Citizenship for Investments” on new conditions, opportunities for choosing options should be created. That is, when, for example, a list of companies that have received a CPIP certificate appears. In addition, clear procedural instructions for registration have not yet been received. Follow the news on the apexcapital.partners

What Bulgarian citizenship gives you?

Despite all the changes, the investor can obtain Bulgarian citizenship according to the standard or accelerated procedure. The choice is for the applicant. So, to follow the accelerated path, you need to either double the chosen type of investment (any of the declared). Or initially choose an option that goes exclusively at a double rate. For example, one of the state-certified investment projects, the so-called CPIP (Certified Priority Investment Project). You will need to invest USD 1,240,000. In this case, the Bulgarian government wants to adopt the US experience by analogy with regional centers for the EB-5 program.

I note that the updated program, contrary to expectations, has not turned out much easier, not faster. As well as investors interested in the Bulgarian program, it is worth remembering that this country has not yet entered Schengen. And this means that with the permanent residency of Bulgaria, which you will receive at the first stage of registration in this investment program, you will not be able to travel around the EU. You can only stay in Bulgaria. Unlike, for example, the history of Malta’s PR, that you can get through the MEIN program on the way to citizenship», commented Sofya Silina, Apex Capital Partners’ expert.

Source: IMIDaily

For investors we offer a wide range of Citizenship by Investment Programs to choose from. Please, contact Apex Capital Partners to get more information and ask personal questions. You can get free consultation from Apex Capital Partners on the program of Citizenship of Turkey, Portugal’s Golden Visa. As well as Cyprus, Caribbean (Citizenship of St. Kitts and Nevis, Dominica, Grenada, Saint Lucia, Antigua). Ask your question – info@apexcap.orgatannous@apexcap.org

If you are a private banking specialist, a family lawyer, or work as a financial consultant in Middle East, Africa, China or any other region of the world, do not hesitate to contact Apex Capital Partners and become a partner, a part of our strong professional network. APEX has all the main local agent licenses to work with Citizenship by Investment Programs, including all key Caribbean CIPs. Please contact – Armand Tannous, atannous@apexcap.org

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Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.

European citizenship by investment


European Citizenship by Investment is becoming increasingly popular across the globe. We will answer the questions where can I get second passport EU and what countries would be interesting for EU citizenship through investment?


The experience of Apex Capital Partners with the real estate market allows us to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.

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