in Bulgaria, property taxes are low and living costs are around half those in the UK. Invest 350,000 euros in a property that is older than 30 years or 500,000 euros in a newer property, and you qualify for residency. Gifts are taxed at progressive rates from 10% to 30% and inheritances … Permanent residence in Serbia can be granted to a foreigner by a relevant authority if one of the following conditions are fulfilled: They have stayed continuously in the Republic of Serbia for a period longer than 5 years – up to the date of submitting the request for permanent residence, by having been granted a temporary residence permit in those 5 years (or more). The Pensioner D visa allows foreign pensioners to reside in Bulgaria long-term with the option to convert their temporary residency to permanent. No income personal/corporate, no sales, no inheritance, no gift, no estate or no capital gains taxes in Bahamas. Another route is through the Investor Program. =11. The Foreign Nationals in the Republic of Bulgaria Act provides for three types of … Citizenship after 10 years of uninterrupted living in Spain (non-EU). Below is a quick overview of countries offering citizenship or permanent residency through property investment to foreign investors. No citizenship, No PR, No dual citizen status, Qualifies for resident investor visa to live in Colombia including family. Right now, in the COVID-19 era, is the best time in years to buy a second passport , because several Caribbean citizenship by investment programs are ON SALE . No taxes on personal income, wealth, inheritance. It is possible to fast track the citizenship option by increasing the investment amount a further €511,292. DO YOU GET RESIDENCE PERMIT FOR BUYING PROPERTY IN TURKEY?. Unfortunately, that is not a viable option. Andorra citizenship after 20 years of living. Caribbean nations grant fast track citizenship and passport against property investment. One of the easiest and sometimes overlooked ways is to simply buy Costa Rica property. Long-Term Resident … Keep reading to learn the details. Caribbean countries slash prices for CBI passport programs, EUR 300,000 real estate (golden visa option), Montenegro Citizenship by Investment launched in 2019, Moldova citizenship by investment launched in 2018. The bigger the investment amount, the easier becomes getting citizenship. This requires applicants to deposit BGN 1 million ($609,236 USD) in a Government Bond Portfolio for an investment period of five years. Bulgaria Citizenship by Investment. Any subsequent property sold in the same year will attract around 10% tax on any profit made. Passport gives visa free travel to United Kingdom, Brazil, EU schengen countries (120 countries). For some investment areas and developments, the minimum is a €275,000 purchase. The idea of CBI is that you can either trade cash or buy real estate to obtain residency or citizenship into a new country. There are thousands of British expats who have already bought such type of properties in Bulgarian countryside and it is very unclear what the consequences for them will be as there are no clear terms set in place regarding this matter. Seek independent legal advice Numerous property owners are now experiencing problems with their property because they did not seek independent legal advice and instead used lawyers and translators which were recommended by the estate agent or developer and in some cases were acting for both parties. If you choose this, you can invest about 500,000 EUR in a Governmental Bond Portfolio for an investment period of five years with no furth… Up until 2015, it was very much a minority choice: there was no compelling need for many people, and mortgages for … Processing time: 15 months (citizenship) and 3 months (residency), Qualifies for permanent residency in the EU. We imagine a free world without visas and borders. 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