Bulgaria's golden passports scheme fails to attract investors

Pedro Gonçalves
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Bulgaria's golden passports scheme fails to attract investors

Bulgaria's golden passport scheme has failed to attract foreign investment in the country as, in the past eight years, only 98 foreigners bought Bulgarian passports. Foreigners can obtain a Bulgarian passport if they invest €500,000 in a Bulgarian company which implements a priority project for the state. The other option is to have resided legally on Bulgarian territory for one year and to having made an investment of one million euros. Buying government securities counts as an investment...

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