ANNOUNCEMENT 17 Dec 2013

In December 2013, the government of Bulgaria announced a change for the labour market access of foreign workers.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Government of the Republic of Bulgaria (2014). . Available from:http://www.investbg.government.bg/files/useruploads/files/zchrb.pdf


Inception date: 17 Dec 2013 | Removal date: open ended
Still in force

Labour market access

On 17 December 2013, the government of the Republic of Bulgaria approved novel amendments regarding the acquisition of its citizenship.
According to these amendments foreign investors shall receive permanent resident status if they have invested more than 1,000,000 BGN (ca. USD 500 000) in a licensed credit institution in Bulgaria. The investment must remain under a trust agreement for a period of at least five years. In this period, the investment may not be used to as collateral in any credit transaction of the investor.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A