Bulgaria is a EU member state since 2007. Bulgaria is not a member of the Schengen Area.
Bulgaria offers permanent residence to foreign nationals from outside Europe under Bulgarian immigrant investor programme. The following investments qualify under the PR scheme
- Invest €512,000 (BGN 1 million) in Bulgarian Government bonds locked for 5 years and paid out with 0% interest.
The application processing time is about 6 months with two trips required. There are no physical residence obligations to live in Bulgaria.
Bulgarian citizenship (EU passport) possible after 5 years of PR status.
Note: The bulgarian permanent residence card does not have free movement in schengen zone until Bulgaria joins Schengen zone.