Bulgarian Prime Minister Kirill Petkov said that the Golden Visa program, which attracts a large number of foreigners, will be canceled. This is a logical step, as the government has previously announced the suspension and abolition of the program.
Read MoreThe Bulgarian government has announced that the Golden Visa program may be terminated. The Ministry of Justice stated that the program did not lead to real investments in the Balkan country.
Read MoreIn the second reading, the National Assembly adopted amendments to the law on Bulgarian citizenship. Now foreigners will have the opportunity to get it if they invest at least 2 million leva (about US$1.24 million) on the stock exchange.
Read MoreIn total, about 98 foreigners obtained Bulgarian citizenship by investment. Interestingly, the most popular investment options are government securities and bank deposits.
Read MoreCorporate, company formation, finance and wealth management services. Economic citizenship and residence programmes.
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