In this video, attorney Joel Nagel explains how the new program for obtaining European residency and citizenship through Bulgaria works. While there are multiple ways to qualify, the recently created government bond program is really the easiest path. All that is needed is to invest 1,000,000 BGNs (the Bulgarian currency unit) or about EUR 511,000 in a Bulgarian government bond. The bond is investment-grade and is superior to those of several other European countries with its notional interest of two percent. However, the interest goes to the government and the investor receives back the principal along with citizenship five years later. Alternatively, investors can buy one bond at the start to obtain residence and another bond a year later to receive citizenship immediately then. Citing other European citizenship programs, Nagel shows how going through the Bulgarian program is far more cost effective.
In addition, Nagel elaborates on other ways to qualify such as by starting a business under certain conditions and thus creating economic activity, which is ultimately what the Bulgarian government wants. He also asserts that the US has facilitated these types of programs over the years as well and that more countries will be implementing them.

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