Bulgarian parliament proposes new lower amount of the investment for long term residence permnit.

Bulgarian parliament proposes new lower amount of the investment for long term residence permnit.

National_Assembly_of_Bulgaria_Sofia_TB

Bulgarian parliament is about to approve new amendments of the Foreigners Act. The main amendment is decreasing the amount of the investment for getting a prolonged residence permit from 300, 000 Euro to only 50, 000 Euro. The investment could be made in real estate property or shares. Once received the prolonged residence permit for one year could be prolonged each year and 5 years the investor is allowed to get the permanent residence.