Among the preferred options for settling in Bulgaria is acquiring extended residence through investment in real estate. Bulgarian legislation allows foreign nationals to obtain a residence permit upon making an investment in real estate with a value exceeding BGN 600,000 (approximately EUR 308,000), subject to certain statutory requirements.
This article reviews the conditions for application, the required documents, the advantages of this regime and the key features that investors should take into account when planning their investment and settlement in Bulgaria.
What the law provides
Under Bulgarian law, an extended residence permit may be granted to a foreign national who has invested in acquiring real estate in Bulgaria with a value of no less than BGN 600,000 (approximately EUR 306,000). Alternatively, the investment may be made through a Bulgarian company in which the foreign national holds more than 50% of the capital, provided that the company has acquired property of the same value.
Requirements regarding payment and financing
At the time the application is filed, the full amount must have been paid. If the property was acquired with borrowed funds, the outstanding portion of the loan must not exceed 25 per cent.
Documents required
In addition to the standard documents (passport, life insurance, criminal record certificate, proof of means of subsistence), the procedure also requires:
- a bank certificate from a Bulgarian bank confirming the transfer made for the acquisition of the property;
- a notary deed of ownership.
The procedure
The procedure involves a title check on the property, purchase of the property, preparation of documents for a type D visa application at a Bulgarian consulate abroad, and concludes with filing an application for extended residence with the Migration Directorate. The permit is usually issued for one year with annual renewal, for as long as the investment is maintained.
How we will assist you
We will assist you in finding a suitable property, including title verification and the organisation of documents related to the purchase, as well as the subsequent collection and compilation of documents for a type D visa interview and the residence procedure.
Related articles
Cases from practice
Frequently Asked Questions
- Does owning property in Bulgaria give the right to residence?
- Yes. A third-country national who purchases property worth at least BGN 600,000 may obtain a temporary residence permit under Art. 24(1)(18) of the Foreigners in Bulgaria Act.
- What is the minimum property price for a residence permit based on property ownership?
- The minimum purchase price is BGN 600,000 (approximately EUR 307,000). The transaction must be paid in full by bank transfer — cash payments are not recognised for residence purposes.
- Can family members receive residence together with the property buyer?
- Yes. Spouse and minor children can obtain residence permits on the basis of family reunification, without a separate investment being required from them.
Note
This article is for general information only and does not constitute legal advice. Legislation changes over time — for current, binding guidance on your case, please contact us.
Do you have a question or need legal assistance on this topic?
Book a consultation