To understand why the Bulgarian IIP is rated among one of the best to gain entry into the EU, let us understand the other investment programs by other nations.
Bulgaria Citizenship by Investment Program – multiple options
It provides the applicant with several investment options – Bond, Bonds financing, Property, Property financing, Equity, Equity financing, life Insurance and Life insurance financing. One can opt for financing options that starts from as low as EUR 185,000 to attain Bulgarian Permanent residency within 6 months and a financed “fast track option” that starts at EUR 270,000 and helps one get EU citizenship within 18 months.
Cyprus Citizenship by Investment Program
Begins its investment options at a whooping EUR 2 Million for immediate citizenship and passport. This process, on the contrary, can be as fast as 90 days.
Greece Golden Visa
This program encourages non-EU applicants to file for Greek residency by way of a EUR 250,000 investment in local real estate. The applicant may file for Greek citizenship after 7 years of permanent residency. In comparison, Bulgarian property option is highly attractive because one can get citizenship within 18 months and also assured property buy back after 7 years.
Malta Individual Investor Program
You will get a European citizenship via Malta in return for a non-refundable donation to the Maltese government in the amount of EUR 650,000 plus a EUR 150,000 investment in approved securities and an investment in real estate. This process can anytime between six months to 2 years to complete.
Portugal Golden Residence Permit Program
This requires an investment of EUR 350,000 in real estate, or the transfer of 1 Million Euro, or the creation of 10 new jobs in Portugal. After 6 years of Portuguese residency, one can apply for a citizenship.
Spain Golden Visa
To be a Spanish Citizen, it requires a minimum investment of EUR 500,000 in real estate, or a 1 Million Euro asset transfer, or a 2 Million Euro securities investment, or the creation of a new government-approved business project in return for Spanish residency. After 10 years of residency the applicant may file for citizenship.
If you are looking outside EU, there are several other countries, which offer citizenship by investment programs. Here is a brief overview.
Canada offers Quebec Immigrant investor program, starting at a finance option of CAD 200,000 (Approx. EUR 133,000) or alternatively total investment of CAD 800,000. Citizenship is available after meeting the residency requirements.
The United States EB-5 Program will give you a permanent residency status and citizenship in the United States if you invest a minimum US-Dollar 500,000 (EUR 425,000 approx.) in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. After five years as a permanent resident the investor may apply for U.S. citizenship.
In summary, there are options galore – across the world – of Permanent residency and citizenship for high net worth individuals and their families. Let ABHINAV be your guide in choosing the option that suits you and your family the best.
Click here to get the investment details of the Bulgarian IIP. Get in touch with our representatives here who can guide you further.
(This blog post is a part of Abhinav’s special series “Bulgaria Calling”, compiled by Abhinav’s Research Team.)