Bulgaria moves to visa facilitation and permanent residence through the purchase of property
The first reading of changes to the Foreigners Act to decrease the property value ownership qualification was approved by the Bulgarian parliamentary committee. The amount was reduced from 600 000leva ( about 300 000Eur) to 100 000leva ( about 50 000Eur).This change is being offered to make matters easier for the many non EU citizens buying property in Bulgaria. In the last few years mostly from the buyers are from Russia which are buying properties at the Black Sea ( mainly in Varna, Dibrich and Burgas) and in our ski resorts Bansko , Borovets and Pamporovo. But increasingly the buyers prefer the village life in the countryside and purchase properties in different regions inside the country like: Stara Zagora, Yambol, Elhovo, Veliko Tarnovo, outside Sofiq, etc.
Reducing of the amount required to qualify for permanent residence in Bulgaria was offered by the Cabinet and has support of the Interior Ministry’s Migration head office.
This benefit can benefit anyone who buys property in Bulgaria with the sum proposed by the directorate and this way will support the Bulgarian’s economy. For this aim in the notary deed have to be written the real price of the purchase and not the price by house tax evaluation as most of the buyers do when purchase property in Bulgaria.
Foreigners who have the status of long-term residents in the country have the rights and obligations of Bulgarian citizens except those for which Bulgarian citizenship is required, such as voting and standing in elections. They can be employed by Bulgarian employers and obtain social insurance.
Foreigners whit long-term residence in Bulgaria who have a business in Bulgaria will have to create at least 10 full-time jobs for Bulgarians- this may be other changes to the Foreigners Act.
List of changes envisage changing of the deadline for a natural or legal person who provides accommodation to a foreigners- within three days they will have to notify the Interior Ministry and municipal authorities. Before the period was five days.
Further proposed by The cabinet is an entirely new provision concerning the status of foreigners without citizenship, meaning stateless persons, staying in the country. The proposal is to deny residence status to these people who consciously do not declare their citizenship in order to obtain residence.
Foreigners may get permission to stay in the country under the Bulgarian Citizenship Act. This allows a foreigner to apply for citizenship if the foreigner already has permanent residence and places at least a million leva capital in a Bulgarian company or increases his or her investments in Bulgaria to a minimum two million leva.
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A very high letter of recommendation for Real Estate Agent KIKI(Please, write your full name if you want to go under your full name) Mohammad Abid Hafeez US Citizen February 20th 2022 This letter will serve as my very high letter of recommendation for Real Estate Agent KIKI of Bulgaria, one of the most trusted, educated in Master of Industrial Management and a friend that any foreigners can depend on her Real Estate transaction with confidence. My recent visit to Bulgaria in February 2022, Kiki assisted me and with the purchase of a first home in the City of Granit, CHIRPAN (STARA ZAGORA, Bulgaria. Being an American I have worked with many real estate brokers and agents in Bulgaria on several real estate search during my visit in Bulgaria and can say with confidence that Kiki is the best and result oriented agent/ broker I have ever met her on Google search and used to buy a property in Bulgaria. Kiki has the qualities that make her an extremely successful and effective broker. I can’t say enough about her professionalism and knowledge within the industry, specifically in Bulgaria. She has high integrity and is very conscientious and tenacious, always keeping the clients best interests in mind. My real estate purchase was a small transaction relative to the size of properties and transact ions Kiki normally handles but she treated my me with the same professionalism and courtesies one would expect for a very large transaction. One of the qualities, I respected the most was her honest business style. I recently retired as an Executive from the US Federal Government and working in USA for more than fifty years , I visited a beautiful country and People, didn’t had time to waste. She gets to the point quickly yet professionally, always respecting the clients time. She did a great job of listening to her client’s needs and does not waste time showing properties which do not meet the client’s objectives. She does research to assist with assessing a fair market value of the property for the offer and then negotiates effectively with the opposing broker on behalf of the client. She is extremely responsive to questions, often responding immediately to our late night emails after midnight. She shows great attention to the details enabling the transaction to get done. I have the highest level of confidence in her. Our transaction went very smoothly and I the transaction closed on time without waisted my time. Kiki also helped me to introduce the beautiful, well educated neighbor and when Kiki told them I am an American and buying the property to their next doors, the old couple were extremely happy and welcomed me to her neighborhood. Although I don’t speak Bulgarian language but Kiki helped me as a translator and we shared common interests for more than an hour. After finishing our discussion she walked out and brought for me a fresh fruits from her garden, a symbol of love being her new neighbor. As mentioned above, she represented us on the purchase side of the transaction. She is very smart and transactions can sometime become very complex. I have the highest level of confidence in her and feel she would be able to properly assess any situation and figure out an effective solution. In future transactions, I will only have Kiki as to represent me that I am again in the process of buying an other property , Bulgaria through her. Let me share her Watts Apps telephone number +359 89 842 2816 in Bulgaria. Please, send her the text and your contact number what you want and your budget, etc and she will call you back after reviewing your info and will have something for you based on the info on property you share with her first. Most of her clients are foreigners from UK, Europe, USA and Canada. If you have any questions, I would be happy to email or talk with prospective clients to provide feedback on my very positive experience. Feel free to contact me at hafeezabid06@gmail.com Mohammad Abid Hafeez February 20, 2022 Michigan, USA
— Mohammad, USA