Advocate Markov combines his legal expertise with extensive experience in the investment sphere, having actively managed both his own projects and those of foreign investors seeking opportunities in Bulgaria. Over the years, he has been instrumental in shaping investment strategies and guiding clients through the evolving landscape of the Bulgarian market.

Our team has witnessed firsthand the transformation of Bulgaria’s investment environment—from its early stages, marked by limited regulation and transparency, to its current state as a highly regulated, transparent, and compliant market. This shift has significantly boosted Bulgaria’s appeal to foreign investors.

Citizenship by Investment Expertise

Despite initial challenges related to transparency and compliance, we have successfully processed a large number of applicants. With the recent changes to the Foreigners Act and Citizenship Act, and Bulgaria’s accession to Schengen, the country is now poised to attract even more foreign investment—whether through the Bulgaria Golden Visa program or by facilitating the relocation of businesses and factories.

Looking at the evolution of the citizenship-by-investment program, the previous fast-track citizenship route offered an accelerated 18-month path from investment to citizenship. In comparison, the current Bulgaria Golden Visa program offers permanent residency within 8 months, with eligibility for citizenship after 5 full years of residency. To qualify, applicants must pass a state language exam (or obtain an exemption) and prove income within Bulgaria—this can include profits from a Fund investment.

Bulgaria Golden Visa Expertise

While the previous program was known for its expedited citizenship process, it faced criticism for weak due diligence, questionable financial options, and a lack of transparency. In contrast, the current program represents a significant leap forward in terms of compliance. Bulgaria has implemented the most rigorous due diligence procedures, particularly during the pre-approval stage. Applicants are now required to undergo thorough checks by the Bulgarian Investment Agency and the National Security Agency before making any investment, ensuring the highest standards of safety and integrity.