A New Chapter in European Residency

Bulgaria, the EU’s youngest member, went beyond just being a part of the Schengen area on January 1, 2025. This significant event, alongside the Golden Visa program, has brought the country to the top of the list of the most appealing destinations for millionaires – particularly those from India. This program already offers permanent residency on the first day, whereas the old Citizenship by Investment scheme had to be discontinued in 2022, eliminating the need for temporary permits.

How Does the Bulgaria Golden Visa Work?

The program started at the end of 2023, and allows non-EU nationals to obtain residency in exchange for an investment of €512,000 (approx ₹5.12 crore) in funds approved by Bulgaria’s Financial Supervision Commission (FSC).

What You Get

• Permanent residency for the whole family
• Visa-free travel to 116 countries that are part of the Schengen agreement
• The possibility of nationality after five years of continuous legal residence
• The program also provides for the inclusion of the spouse, children, parents, and in-laws

One of the most attractive points? There is no requirement to stay for a minimum period. You can still live in India and hold a European residency card.

Key Benefits at a Glance

• Direct PR status – no temporary permits
• Family inclusion – spouse, children, parents, in-laws
• Low taxes – flat 10% personal tax rate
• Fast-track approval – 3–6 months processing
• EU-standard healthcare and education access
• No Bulgarian language requirement for PR

This is where Bulgaria PR and Schengen visa privileges stand out – making global travel and EU living smoother than ever.

Eligibility Snapshot

• Age 18+ and non-EU citizenship
• Clean criminal record
• Valid passport and proof of income above the investment value
• Investment in FSC-licensed fund (€512,000)

Application Steps

• Pre-approval and due diligence process with Bulgarian authorities
• Investment transfer and certification
• Apply for a D-type visa at the embassy or consulate
• Verification of biometrics in Bulgaria and receipt of the PR card
• Apply for citizenship after five years of PR

Why Bulgaria?

Because this process is fast, inexpensive (in comparison to other EU programs), it is direct PR. Factor in low tax and Schengen access and it is evident why Indian investors are taking an interest.

Final Word

If you are looking at residency opportunities, it is important to seek professional advice. Abhinav Immigration Services – one of the top Bulgaria visa consultants in Delhi that assists the candidate with the documentation, due diligence and a hitch-free processing. Find out more at Abhinav Immigration Services and get started on your journey to European residency with professional assistance.