6.根据欧盟基础条约其中的「自由迁移」(freedom of movement)条约，欧盟成员国公民可在欧盟任何一个成员国内自由进出、居住、学习和工作。保加利亚公民可自由前往如：英，法，德等等国家定居，工作及读书，并享有英，法，德等等国家当地福利。保加利亚公民在英，法，德等等国家当地居住满 5 年后，更可申请成为英，法，德等等国家的永久居民。在满足其国家政府要求时，还可以申请成为该国公民。
Bulgaria is the 50th most competitive economy in the world, according to the Global Competitiveness Index 2016-2017 The Global Competitiveness Report 2016-2017 assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity. This year’s edition highlights that updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets. Bulgaria 50th /138 Bulgaria’s business environment is ranked within the first 50 countries in the world. It has a step-up with 4 positions since the last edition of the report and rank 12 positions up since 2012.
According to the report, Bulgaria is the 5th world economy in attractiveness of trade tariffs with 1% duty and the 14th in the world in strength of investor’s protection. A key finding points out, that the country is highly technology prepared to respond to the business requirements (38th in the world). Local business environment is ready to propose latest technologies, good regulations for FDI and technology transfers, and high speed internet connection. In reference to the macroeconomic pillar, Bulgaria is ranked 42nd in the world with 23.5% of GDP Gross National Savings;-1.1% inflation; stable currency, pledged to the euro.
The most problematic factors for doing business in Bulgaria are corruption and inadequately educated work force.
Visa Free Europe is a Bulgarian company, specialized in investment immigration services and asset management. For further details about the Bulgarian Investment Immigration Program, please contact us: www.visafreeeurope.eu; email: email@example.com; T:+35924486022
Visa Free Europe is a Bulgarian company,
specialized in investment immigration services and asset management. For
further details about the Bulgarian Investment Immigration Program, please
contact us: www.visafreeeurope.eu;
have received Permanent Residence Permit or Bulgarian Citizenship, are
mandatory to health insurance from the date of receipt of their statute and use
in full the rights guaranteed in the basic package of services, paid by the
National Health Insurance Fund, as Bulgarian citizens.
high quality healthcare services. The
healthcare system is profoundly diverse with a mix of public and private
financers and providers of healthcare. The public services are financed by the
National Health Insurance Fund, which gather its money by obligatory healthcare
insurance and disburse them to public and private health providers (hospitals,
medical, diagnostic, dental ets. centers). Patients are entitled to receive
public healthcare service included in the list of Clinical Care Pathways (basic
Bulgarian Permanent Residency Statute and the Bulgarian Citizenship
allows acquisition of European Health Insurance Card (EHIC). EHIC is free card
that gives access to medically necessary, state-provided healthcare during a
temporary stay in any of the 28 EU countries, Iceland, Lichtenstein, Norway and
Switzerland, under the same conditions and at the same cost (free in some
countries) as people insured in that country. It covers all treatment that is
needed to allow a holder of the card to continue his/her stay in the country
until the planned return.
The Bulgarian Investment Immigration Program gives opportunity to high-net-worth
individuals to obtain Bulgarian Permanent Residency and even Bulgarian
citizenship and to benefit of the most favorable tax conditions in the EU.
the last few years Bulgaria has enjoyed a sustained economy growth (3, 5% in 2016) and political stability.
Currently, the prognosis outline growth potential (average 2, 8% annually) over the next decade, due to competitive labor
force, growing political stability and potential for increase in productive
capacity. In terms of FDI, Bulgaria is the 15th most attractive
investment destination in Europe, according to latest EY report.
offers the most favorable tax regime in the EU. Domestic tax legislations
provides for various tax incentives, such as:
The income tax rate in Bulgaria is
Payment basis of taxation for persons who have Permanent Residence Statute in Bulgaria or obtain Bulgarian Citizenship, but retain residence of origin or choice outside Bulgaria are only subject to Bulgarian tax on:
There is therefore no Bulgarian tax on:
Bulgaria has concluded sixty eight tax treaties which provide for a tax relief or are deduced tax rate, including with China.
Corporate income tax in Bulgaria is flat rate of 10%.
Visa Free Europe shall provide full assistance through
investment immigration process under the regulations of the Bulgarian
Investment Immigration Program.
Contact us for further details:
Visit Visa Free Europe
website in Chinese
Follow us on LinkedIn
News & Updates on VFE's blog
Track Bulgarian & European Citizenship through profitable investment in
Bulgarian Investment Immigration Program (BIIP) is
created by the Bulgarian Government to facilitate foreign investments in the
local economy. The program provides an opportunity not only to invest in a
stable European economy but in addition to receive a Bulgarian Permanent
Residence and the unique opportunity for Fast Track Bulgarian Citizenship.
Permanent Residence Card is subject to a foreign direct
investment of BGN 1 000 000 (€ 511 292) for the period of not
less than 5 years.
Track Option to receive a Citizenship is unique in
Europe. It allows the applicant to become Bulgarian/European citizens within 18
investments according to the investor’s risk
appetite. VFE offers multiple options and combinations of investment based on
the current Bulgarian legislation.
The BIIP differs from similar European and North American initiatives,
offering benefits, such as:
Bulgaria is an attractive investment destination due to:
further information and details please visit our: Website, LinkedIn, Blog
Visa Free Europe is a Bulgarian consultancy company specialized in investment immigration and asset management services: Website. VFE is offering high-net-worth investors investment products pursuant to the Bulgarian Investment Immigration Program. Contact us: email: firstname.lastname@example.org; T: +359 2 448 6022
The proposal breaks down to the following idea: the company X is in possession of immovable and/or movable property – land, buildings,
machines, etc., and is in need of financing for its activities. “Our”
company, registered in Bulgaria purchases from company X its assets for the
amount of desired financing and simultaneously leases back the same assets to
the company from which it bought them. The specific price, term, etc. are
subject to negotiation.
The main advantage for the investor (purchaser-lessor) is that he invests his means in a secure manner in material assets at a price, considerably lower than the market average and at income,
equal or higher than the interest on a similar bank credit, including
insurances. Currently, in Bulgaria, the minimum income that can be achieved is
5 %. This low price renders faster and simpler any termination of the
investment as opposed f.e. to the case where the investment has been secured with
a mortgage. The main and probably only risk is the total collapse of the market
of business properties, machinery, equipment, etc. assets subject of the
On the other side, the
company seller – lessee receives fresh financial resource to be used in the
development of its actual business. In the same time, its manner of work does
not undergo any changes (f.e. a machine-manufacturer that sells buildings or machines
or bank or insurance company that sells and leases back its own building.)
proposal has a wide application area – from business properties, machines,
equipment, patents, etc. to leasing of real estates, vehicles, etc. of natural
persons. It is a matter of choice of the investor.
The market of these services is poorly developed in Bulgaria and competition is practically absent.
The sale and leaseback investment
requires a small-number (especially at the beginning), experienced staff of
people active in the areas of banking, real estate transactions and leasing
transactions. Normally, a six person team – a manager, two attorneys, an
accountant, a real estate agent and an office manager - shall be sufficient to
organize and conduct the business professionally, with a minimum investment
risk and in compliance with the active legislation.
The expenses required
to sustain such team on a yearly basis amount to appr. EUR 400 000.
To fully comprehend the investment climate in Bulgaria as of 2017, one needs to take account of the following facts:
1. a significantly stable and reliable political situation based on the membership of Bulgaria in the European Union and NATO.
2. Economically, Bulgaria has been rated by Moody’s in October 2016 as BAA2 with stable perspective
3. The currency risk is practically absent in Bulgaria, because there is a “currency board” in Bulgaria since 1997, which pegs the exchange rate of the Bulgarian currency to the EURO. All other currencies are exchanged at the exchange market and every company and person is entitled to freely purchase and sell currency without any limitation and to transfer and receive amounts to and from abroad.
4. With respect to the bank system reliability, the institutional risk is at an acceptable level. Currently in Bulgaria operate 26 banks, most of them subsidiaries or branches of large international institutions – Unicredit, Societe General, Raiffeisen, BNP – Paribas, ING, etc. In July 2016, all banks passed successfully a stress test as per European requirements. Only two banks have been found needing to increase their share capital, while all others have been awarded a B to BBB rating.
5. Commercial activity in Bulgaria is positively affected by the consistent adherence to and following of the rules guaranteeing free movement of capital, goods and people imposed on Bulgaria as a member of the European Union.
With respect to legal framework:
- 1. There are no limitations imposed on foreign companies and persons to establish commercial companies in Bulgaria
- 2. Anyone can register a new publicly limited company with considerable capital and apply for loans and credits from abroad in order to support the expansion of its business
- 3. Bulgaria enjoys a favourable tax regime. The tax rate on the profit of companies and natural persons is fixed at 10 % flat (in the agricultural sector this percentage drops to 0 %). The dividend tax is 5 % and the VAT is 20 %.
- 4. Until the yearend of 2020, one can apply for EU funding with projects in many different economic areas with the intensity of the projects ranging from 40 to 80 %, a percentage much larger than the one available in other EU states
Excellent opportunities for investments with considerable rate of return, minimum risk and profitable tax conditions are for example: acquisition of agricultural land and real estates; financial schemes like leaseback (see more details in attached file); acquisition of an already established bank or registration of a bank subsidiary of an existing foreign bank.
Last, but not least in Bulgaria and predominantly in the capital Sofia there are experienced professionals – lawyers, economists, bankers, IT specialists, with knowledge of several languages, who are loyal and can manage the business responsibly.
In order to attact investors, Bulgaria amended its legislation to allow foreign citizens to apply for Bulgarian (European) citizenship in case ofcertain investments - in companies, projects, bank accounts, etc. Apart from this, natural persons may use the possibilities of the programmes for skilled immigrants and artists which programmes provide an easier procedure for application for Bulgarian (European) citizenship.
Visa Free Europe - Bulgarian Consulting Company, specialized in investment-immigration and asset management services: Contact Us: email@example.com; +359 2 448 60 22
INVESTMENT IMMIGRATION PROGRAM
Investment Immigration Program has been developed by the Bulgarian Government
to encourage foreign direct investments by providing considerable advantages
for individuals from non-EU countries. Investors under the provisions of BIIP
are allowed to obtain Permanent
Residence Permit and can apply for a Fast Track Citizenship
option. The minimum investment amount required under BIIP is BGN 1 000 000 (€
under BIIP may obtain a Permanent Residence Permit in less than 6 months.
under BIIP has an option to obtain citizenship within 18 months under the
The Bulgarian Investment Immigration Program offers:
For further details visit Visa Free Europe website in Chinese
Follow us on LinkedIn
News & Updates on VFE's blog
Let’s face it. The challenges of life compel us to optimize resources and
to search for the best life style. In time of global trade, unlimited access to
information, technology innovation, a second passport is an easy tool for
better living for people who can afford to invest in it. National governments
worldwide compete to attract HNWI’s financial assets into local economies,
offering beneficiary access to their own nationality.
Europe remains the world most wanted destination on the Second Passports’
market. National governments challenge each other with easier and shorter
application procedures, lower investment requirements and greater benefits
along with the acquisition of a national statute. Although, the alternatives
are numerous, not all of them are able to respond to the high requirements of
Тhe Bulgarian government has been exploring this financial stream into
local economy for already 7 years, but just since 2013 the Program has
been fully functional, offering competitive opportunity, organized under the
strict European regulations.
Yes, the Bulgarian
Investment Immigration Program is not as famous as other similar programs, but
definitely is more attractive.
The design of the BIIP responds to the highest investor’s requirements, implying
the strict European legislation. Foreign investors are welcomed to purchase a
Government Bonds portfolio, or to acquire non-financial assets for term not
less than 5 years. The GBs are purchased directly from the primary financial dealers at the
financial market & the full portfolio is guaranteed by the Bulgarian Government
and the annual coupon payment goes directly to the investor. The second option,
assets acquisition, is regulated by the law.
The investor remains owner of the purchased assets from the moment of
investment till the exit of it. The type of the assets depends on the
preferences of the investor. In comparison to Cyprus, Portugal or Spanish Residency
opportunities, the BIIP offers wide freedom of choice of investment. Although
possible, the investment is not limited to real estate property only. No other
similar initiatives provide such freedom of choice and transparency of the
Yes, the Bulgarian
Investment Immigration Program does not issue a residency permit in 1 month,
but its procedures are fully transparent and clear and fully correspond to the
Some of the IIP in Europe compete to limit the process of residency issue,
so their actions stand on the edge of the European legislation. The BIIP is a two stage Program. The first stage allow the investor to
obtain Permanent Residency in the country. The process takes 4 to 6 months. In
comparison to 1-month option it seems to be long, but, this term responds to
all European requirements for security checks. The second stage is optional
Fast Track Bulgarian Citizenship, which requires 1 year of PRC holding and 6
months to proceed the application before the Bulgarian authorities. In fact,
this is one of the fastest and most precise citizenship procedures in Europe.
It provides European residency to the investor and all members of the family.
Yes, the Bulgarian
Investment Immigration Program is not the cheapest at first glance, but overall
it is the most reasonable investment immigration opportunity in Europe.
Most of the IIP sell national statute. It seems to ease the procedures,
because it turns the investment immigration on a sale deal, but in fact it is
neither that easy, nor simple. According to the European legislation the sale
of national statute is illegal. To prevent any prosecutions, some of the EU
member states call the purchase “an investment” - usually nonprofit investment.
Some programs require define as “an investment” huge donations to Governmental
Funds or purchase of properties in a non-active property market.
The BIIP offers real investment. The total invested amount is under the
investor’s control during the whole compulsory term of investment. Investment
is totally liquid.
At the end of the day
investors who seek a second passport, are interested in a long-term, stable and
predictive deal. The
Bulgarian Investment Immigration Program
For further details visit Visa Free Europe website in Chinese
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By Hristo Milchev
Bulgaria is located at the heart of the Balkan Mountains in Eastern Europe. Bordered by Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south and the Black Sea to the east, Bulgaria is a strategic logistics hub because of its location and transport opportunities. The major airports are based in the largest cities /Sofia, Plovdiv, Bourgas and Varna/ and thanks to the Black Sea outlet it has two main sea ports /in Bourgas and Varna/. The north border is the Danube river itself which is the second longest river in Europe and connects central Europe to the Black sea.
Bulgaria is a member state of the European Union since 2007. It is also member of NATO and is expected to join the Eurozone in the near future. With sustainable economic growth and stable financial system Bulgaria is an attractive destination for establishing businesses and foreign investments. It has the second-lowest government debt in the European Union and one of the lowest budget deficits.
The business environment is supplemented by the fact that Bulgaria has the most favourable tax regime in Europe. For example the companies pay corporate tax that amounts to 10 % of the net income for the respective year and the value added tax (VAT) of 20 %. The cost of doing business here is way below the Europe’s avеrage. It is not expensive to set up a company in Bulgaria, to open a bank account and to rent an office space. The most commonly used by foreigners forms of business organisations are Limited Liability Company, Joint Stock Company, Branch and Trade Representative Office.
The fact that the cost of Labour in Bulgaria is the lowest in the EU might also influence the decision to incorporate business exactly here. However, this does not reflect on the quality of the workforce. It is just the opposite - the younger people are well educated and are fluent in many languages because of the expanding professional opportunities coming from the growing economy and from abroad. Many international giants like Coca-cola, HP, Experian, Sutherland, AIG, IBM etc. have already established their outsourcing companies in Bulgaria.
Bulgarian jurisdiction is part of the Continental legal system and is suitable for foreign investments. The Bulgarian Investment Promotion Act introduces a system of benefits for the investors such as tax and employment incentives and relief regime for acquiring a residence permit and Bulgarian citizenship. Both topics will be subject to future articles.
欧洲委员会(EC)预见，保加利亚经济在 2015 年至 2017 年平均增长1.7%
保加利亚投资总额预计将在 2015 年增加 0.2%。
就业率在2015及2016年度将录得轻微增长 0.3%，在 2017 年则0.5%。失业率将稳步从 2015 年10.1%下降至 2016 年的9.4%及 2017 年进一步下降到 8.8%。