Bulgaria will issue a residence permit for the purchase of real estate 300 000 euros

The Bulgarian government has decided to grant temporary and permanent residence permits to foreign investors who bought real estate worth 300 000 euros, according to the news agency "RIA Novosti" with reference to the Angel Georgiev, Consul of Bulgaria in Russia. Such changes to the migration legislation by the Bulgarian authorities in February and March 2013, are intended to stimulate the local property market and increase the flow of foreign direct investment into the country. Mr. Georgiev said that granting a residence permit in exchange for the purchase of real estate may be interested in the Russians, because it is the most popular destination for visitors and property buyers from Russia. According to the source, the residence permit can be obtained for investments in the amount of 125 thousand euros in the Bulgarian company, provided that five jobs for the citizens of the country in areas with unfavorable economic situation. Get a residence permit can apply for acquisition of Bulgarian citizenship. HomesOverseas.ru