Vasil Markov

Alternative Investment Funds (AIFs) in Bulgaria are a relatively new phenomenon. The Bulgarian legal framework for AIFs was established in 2016, with the adoption of the Bulgarian Law on the Activities of Collective Investment Schemes and Other Collective Investment Undertakings. AIFs are collective investment undertakings that invest in assets other than traditional investments such as stocks and bonds. These assets may include real estate, private equity, venture capital, and hedge funds, among others. AIFs are managed by Alternative Investment Fund Managers (AIFMs), which are authorized and regulated by the Bulgarian Financial Supervision Commission (FSC). 

The AIFs are the preferred choice for the Bulgaria Golden Visa. By investing just 512,000 EUR in a Bulgarian fund, you become eligible for indefinite permanent residency in Bulgaria. Learning more about the Bulgarian AIF is critical to ensuring a safe and profitable investment that leads to obtaining the Bulgaria Golden Visa.

Advocate Markov specializes in setting up Investment Funds and Management companies for these Funds. Recently, Advocate Markov successfully registered a Manager of Alternative Investment Funds (MAIF) – Bulgaria Fund Management Company with the Bulgarian Financial Supervision Commission, along with the Alternative Investment Funds that will be managed by the MAIF. While an Investment Fund can be structured within a few weeks, establishing a company to manage these Funds may take anywhere from a few to several months, depending on client requirements.