BGN 1 M Investment to Secure Bulgarian Citizenship

Business | November 29, 2012, Thursday // 16:22| Views: | Comments: 0
Bulgaria: BGN 1 M Investment to Secure Bulgarian Citizenship The amendments to the Encouragement of Investments Act were passed on second reading on Thursday. File photo of the Bulgarian Parliament

Foreign nationals would be granted Bulgarian citizenship if they invest at least BGN 1 M in a Bulgarian company that is involved in a high-priority investment project, the Parliament decided Friday.

The foreign investors in question are also required to have had a permanent residence status in the country for at least one year in order to benefit from the citizenship offer.

The companies they invest in should not be bankrupt, in ongoing bankruptcy proceedings, or in debt to the Bulgarian state or municipalities.

The amendments to the Encouragement of Investments Act were passed on second reading on Thursday.

Business » Be a reporter: Write and send your article
Tags: investments, Bulgaria, citizenship, foreign
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria