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What due diligence procedures are included for Bulgaria’s CBI program?

I heard that Bulgaria is tightening the rules of its CBI program and enhancing due diligence on applicants. What are included in its due diligence procedure?


Answers
  • CITZENSHIP AND INVESTMENTS LTD
    February 27, 2020

    The due diligence procedures are quite comprehensive already and have been indeed tightened recently. They relate mostly with the anti-money laundering regulations, implying that the applicant will need to demonstrate clearly the source of the funds to be invested. Additionally, the applicant's background is thoroughly checked and any "irregularities" in his past may have negative consequences.