After the admission of Bulgaria to the European Union in 2007, new opportunities opened up. Opportunities both for its citizens and for those of the other EU member states. There is a tendency for more and more Europeans to lead a dynamic lifestyle and settle in different countries. Bulgaria is attractive to many due to its stable economic situation, and the affordable standard of living. Other reasons for establishing here are the low real estate prices and, last but not least, the beautiful nature.
Residency in Bulgaria for EU citizens – why not?
Bulgaria’s favorable business environment is one of the main reasons why many specialists and freelancers prefer our country as a place to start a new business or move their life and economic interests. Taxes are one of the lowest on the territory of the entire European Union, as some of the examples are: 10% corporate tax and 10% income tax. In addition, no VAT is due on any transactions with goods and services within the EU.
Bulgarian legislation regulates a significantly easier regime for entry, residence and starting a business for European citizens than for those of third countries. The types of terms during which citizens of the European Union can reside on the territory of the Republic of Bulgaria are as follows:
- Short-term (up to 3 months from the date of entry into the country) – for this purpose you must have an identity card or a valid passport, issued by a EU Member State.
- Long-term residence (from 1 to 5 years from its issuance) – a permit must be issued by the Bulgarian Migration Directorate.
- Permanent residence – obtained after a certificate issued by the Bulgarian Migration Directorate.
What are the most common prerequisites for obtaining residence
The three most common prerequisites for obtaining the right of residence in the Republic of Bulgaria are the following:
1. Hiring of an European citizen under a labor contract when the usual work place is on the territory of the country.
2. The possession of sufficient funds to live in Bulgaria, to have health insurance and a secured place to live (lease or having a property). The purpose of these requirements is not to burden the social and health systems. This option is most often used by freelancers and self-employed persons.
3. A citizen of a Member State of the European Union must be enrolled in a Bulgarian educational institution. In this case, the person must again have sufficient means of subsistence, health insurance and a place to live.
Conclusion and legal assistance
The procedure is before the Migrations Directorate of the Ministry of Internal Affairs. It is recommended for the person applying to go in person with all the necessary documents. Our team has experience and is specialized in the preparation of documents and representation before Bulgaria’s state institutions. We will be with you in every phase of the procedure. We will prepare all the required documents. We will assist you in obtaining the documents you need.
In addition, we can be of help to you in finding a home to live in Bulgaria. We work with some of the best real estate brokers in the country, who will try to find the right property for you at an affordable price. If you want more information about us, don’t think twice before contacting on LinkedIn on our website here.