Why Bulgaria?

Key facts

Member of the European Union, NATO, World Trade Organization, United Nations

LOCATION: Southeastern Europe, bordering the Black Sea, between Romania and Turkey

CAPITAL: Sofia

TIME ZONE: UTC+2

AREA: 111’002 sq. km.

POPULATION: 6.9 mln. (as of 2019)

LANGUAGE: Bulgarian is the official language. Almost 50% of the population aged 25 and over use at least one foreign language. Most common are English, German, Russian, French.

RELIGIONS: Eastern Orthodox: 59.4%, Muslim: 7.8%, Other (includes Catholic, Protestant, Armenian Apostolic Orthodox and Jewish): 1.7%

GOVERNMENT: Parliamentary republic

CURRENCY: Bulgarian lev (BGN), tied to the euro. Fixed FX rate: 1 EUR = 1.95583 BGN

Key figures

GDP: 61.2 EUR bn (as of 2019)

GDP Growth: 3.7% (as of 2019)

Unemployment: 4.2% (as of 2019)

CREDIT RATING

Fitch: BBB Positive (Feb 2021)

S&P: BBB Stable (Oct 2020)

Moody’s: Baa1 Stable (Oct 2020)

TAXES

Corporate tax rate: 10%

Individual tax: 10%

VAT: 20%

Why Bulgarian citizenship?

  • The Bulgarian passport is a European Union passport
  • Free movement, education and healthcare within the EU countries
  • Unrestricted right to live, work, and study in Europe
  • Right to own property in the entire EU and Schengen zone without any restrictions
  • Open bank accounts in any EU & Schengen country
  • Bulgaria has the lowest direct tax rates in the EU
  • Free-trade environment within the EU
  • Alexander Nevski Cathedral in Sofia, Bulgaria
  • Bulgarian mountains
  • Rila Monastery, Bulgaria
  • Bulgarian seaside tourism
  • Bulgarian landmarks
  • Sofia city metro station
  • Bulgarian seaside
  • Sofia city centre

Bulgaria is a four-season destination for tourism, internationally known for its seaside and winter resorts.

The country is rich in tourist sights and historical artifacts, scattered through a relatively small and easily accessible territory. As of 2021, there are ten World Heritage Sites listed in Bulgaria.

Do you want to live, run a business, work, and educate children in the EU?

Our international migration lawyers will provide you a full package of services and consulting on the entire process of application for Bulgarian/European residence permit and citizenship.

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