The Bulgarian Investor Program for Residence and Citizenship is a fast-track pathway to permanent residency and citizenship in the youngest EU nation for high net worth individuals and their families. It was established in 2009 as a way to attract more investment in the country. Once their application is granted, investors are given permanent residency status; after five years they can apply for citizenship, which will give them a Bulgarian passport.
Bulgaria’s Residence and Citizenship program includes a fast track citizenship option, which is one of the fastest programs leading to residence. In order to qualify you must have a net worth of 511,292 EUR. This amount must be deposited into a Governmental Bond Portfolio for an investment period of 5 years. The full amount of 511,292 EUR is returned to the investor at the end of the 5 year period. There will be no interest on the money however, the investment is fully guaranteed by the Government bonds.
To check whether you need a Schengen Visa to travel to one of the Schengen member countries, here is the list of countries, citizens of which must apply for a Schengen Visa prior to their travel to the EU.