news 30 Nov 12

Bulgaria Offers Citizenship to Rich Investors

Foreign nationals can obtain citizenship if they invest at least half a million euro in a company involved in a high-priority investment project, parliament says.

Novinite.com
Sofia

The foreign investors in question are also required to have had permanent residence status in the country for at least one year.

The companies they invest in should not be bankrupt, in ongoing bankruptcy proceedings, or in debt to the Bulgarian state or municipalities.

The amendments to the Encouragement of Investments Act were passed on second reading on Thursday.

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