ANNOUNCEMENT 13 Feb 2013In February 2013, the government of Bulgaria announced a change for the labour market access of foreign workers.
NUMBER OF INTERVENTIONS
Official source (in Bulgarian), Investment Promotion Act
Secondary source (in English)
Bulgarian Parliament approves revised law on citizenship for foreign investors
Bulgarian National Bank
Secondary sources (in Bulgarian)
The Bulgarian government seeks to incentivise foreign investment through more rapid access to permanent residence in the country.
On February 13, 2013, the Bulgarian Parliament approved amendments of the Investment Promotion Act concerning foreign investors who wish to obtain Bulgarian citizenship. Concretely, an investor is eligible to acquire permanent residence under one of the following conditions:
Before these legal amendments, foreign investors could not acquire permanent residence.