The Bulgarian parliament voted new citizenship law that will enable the country to attract fresh investments. In return, the investors will get the opportunity to obtain fast-track EU citizenship.
The new investment options that are available for the citizenship candidates are more comprehensive than the Eurobonds – the investment of choice under the old program. We are already receiving a lot of enquiries from citizenship candidates about the new financial instruments.
Direct investments and investments in the private sector
While the previous CIP was mainly directed towards investment in Eurobonds, the new conditions allow much wider diversification. At the same time, complying with the new investment terms will be more difficult, bearing in mind the complexity of the mutual funds investment and the other acceptable instruments.
In the course of the next few months we will be organizing series of events where we will be educating potential CBI candidates about the financial particularities of the new program.
You can read the newsflash about the legal amendments and of course, stay tuned for the future updates on our official website. If you need assistance, please don’t hesitate to contact us.