Bulgaria Halts Golden Visa Program

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The Bulgarian government has announced that the Golden Visa program may be terminated. The Ministry of Justice stated that the program did not lead to real investments in the Balkan country.

 

Foreigners who have invested from one million leva (500,000 EUR) can obtain the status of permanent resident in Bulgaria.

 

What residency by investment programs remain if the Bulgarian one is closed?

 

If you decide for yourself that you are ready to get residency for investment, then take a closer look at these countries.

 

Greece

Benefits of a Greek residence permit:

  • Visa-free entry to all the countries of the Schengen Agreement practically not limited in time

  • The whole family has the right to live in any country of the Schengen area during the period when the residence permit is valid

  • There is no need to stay in Greece for a certain period of time

  • The right to apply for citizenship after five years from the date of obtaining permanent residence

  • The right to register or purchase his own business

  • The right to educate his/her children in educational institutions of the Schengen countries

  • The right to obtain the permanent residence after five years from the date of obtaining residence permits

 

A Greek residence permit can be obtained on two grounds: when buying a property or as a financially independent person.

 

LEARN MORE ABOUT GREECE RESIDENCY BY INVESTMENT PROGRAM

 

Portugal

 

Benefits of the Portuguese Golden Visa:

 

  • Straightforward and flexible investment requirements

  • Extremely low minimum stay requirements - 7 days first year and 14 days following periods of 2 years

  • Possibility of Permanent Residency after 5 years and nationality after 6 years

  • No limitations on ownership of the selected investment

  • Residency applications quickly processed

  • Fully extensible to family members (with no further investment requirements)

  • Freedom to travel to all European countries members of the Schengen area

  • No limitation on subsequent investments or employment opportunities

  • Very limited number of documents required

  • Access to all Portuguese Public Services, including health and education

 

The country offers a large number of investment options.

 

LEARN MORE ABOUT INVESTMENT OPTIONS IN PORTUGAL

 

Getting residency sounds interesting to you, but do you want more? Considering citizenship options but don't know where to start? Get started with our free book! Get your copy today!

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