We recently had the opportunity to present the Bulgaria AIF Fund as part of a broader article published by Wealth & Finance digital media, examining the growing impact of the Bulgaria Golden Visa on Investment Funds.
Following recent reforms, Bulgaria has emerged as a highly competitive alternative to traditional Golden Visa destinations. With an investment of €512,000, applicants can obtain permanent residency—rather than temporary status—with no physical stay requirements and residence cards typically issued within approximately eight months. This stands in contrast to other jurisdictions, where prolonged processing times and temporary permits remain common.
The introduction of the revised program has significantly reshaped Bulgaria’s investment market. Many established fund managers have launched Golden Visa-focused funds that prioritise monetising applicant demand over long-term investor outcomes. These products often feature inflated subscription, management, and redemption fees, which in some cases materially erode performance and shift value away from investors.
By contrast, the Bulgaria AIF Fund follows a different philosophy. The fund operates under a flat and transparent fee model, with no subscription or exit fees and low ongoing management costs. It is structured as an open-ended fund, offering a level of liquidity and flexibility that is increasingly uncommon among Golden Visa investment funds. All performance figures are reported net of fees, ensuring a clear and accurate reflection of investor returns. In addition, investors benefit from complementary assistance with permanent residency procedures and family reunification, without hidden costs.
You can find the full article on Bulgaria Golden Visa Drives Competition Among Fund Managers – Wealth & Finance International .
