Bulgarian FinMin Proposes Fast Naturalization for Large Investors
Deputy Prime Minister Simeon Djankov has suggested a fast-track procedure for granting Bulgarian citizenship to foreign businessmen who have invested over BGN 200 000 in the country.
The proposal was approved during Wednesday's sitting of the Council of Ministers, as the official minutes of the meeting show.
"This opportunity can be created through a joint ordinance of the Economy Minister and the Finance Minister which sets out the meaning of "investment" and the appropriate amount of the investment. The initial proposal of the Finance Ministry is for BGN 200 000. We have taken into account other EU countries' practices," Djankov is quoted as saying.
The amendments to the Bulgarian Citizenship Act will allow people from EU member states, Iceland, Norway, Liechtenstein and Switzerland to obtain Bulgarian passports without relinquishing their current citizenship.
Another key change provides for a mandatory Bulgarian language exam for people applying for Bulgarian citizenship on the basis of origin.
According to Djankov, the exam is necessary to convince the authorities that the new Bulgarian citizens will be "full-fledged members of society."
The amendments also introduce a simplified procedure for obtaining and restoring Bulgarian citizenship for spouses of Bulgarian citizens, which, in Djankov's words exists in nearly all EU countries.
Justice Minister Diana Kovacheva is quoted as saying that the legal changes will allow the creation of electronic registers of citizenship-related procedures.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » EC is Preparing Criminal Proceedings against Bulgaria for Accessing Data from Criminal Record Certificates
- » The European Commission Started an Evaluation of the Bulgarian Recovery Plan
- » Nearly 60% of Bulgarians are Skeptical about Adopting the Euro
- » Bulgaria Is Late to Explain Its Position on N.Macedonia Says Diplomat
- » New German Government and Old Bulgarian "bad boy" Borissov
- » EC Opens Infringement Proceedings against 19 EU Member States, Including Bulgaria