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Bulgaria Fast Track Program
Background.
On 26 February 2021, the Bulgarian Parliament amended the Bulgarian Citizenship Act, creating new options under that country’s citizenship investor program. There is now an expedited processing option known as “fast track” for those investors that meet a higher monetary threshold.

Most notable are several new investment options under fast track; specifically, the potential to invest in UCITS and AIFs (alternative investment funds), including private equity, venture capital and hedge funds, all of which must be focused primarily on Bulgaria.
"Although untested, the fast track program creates unique options for investors interested in financial instruments, private equity, venture capital and hedge funds."
About the Program
  • Eligible investment options under the non-fast track citizenship / permanent residency program with their monetary amounts are as follows:
    • Stocks traded in Bulgaria (EUR 1,024,000).
    • UCITS, including exchange-traded funds (ETFs) with a focus on Bulgaria (EUR 512,000).
    • AIFs (including private equity, venture capital and hedge funds), a part of whose focus is on Bulgaria (EUR 512,000).
    • Participation in a Bulgarian company carrying on a Certified Priority Investment Project (CPIP), which is analogues to EB-5 Regional Centres (EUR 1,024,000).
  • Fast track can be achieved by:
    • Doubling the above investments “on identical statutory terms”; or
    • Investing an additional amount (EUR 512,000) in a CPIP (as above).
This mixture of investment categories provides greater options for investors. Applicants must have had permanent residency for at least one year prior to qualifying for Bulgarian citizenship under fast track. Once citizenship is received, investments must be maintained for an additional two year period following the grant. One should expect a five year investment hold period.
  • Key advantages:
    • Eligibility to apply for citizenship after two years (fast track) as a legal resident whilst maintaining dual nationality.
    • Bulgarian citizenship is EU based.
    • Visa-free travel to 171 countries around the world.
  • Saratoga Capital product offering:
    • New product offering expected in Q4 2021.
To register your interest, please send an email to: investors@saratoga-capital.com.