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What will happen to my residence status after Brexit?

If you are a UK citizen or a family member of a UK citizen, who at the date of Brexit has a valid residence permit, issued by the Republic of Bulgaria, you will retain your residency rights in Bulgaria and you can use your permit up to 1 year after the end of the transition period or up to the expiry of the validity of the document – whichever comes first.
Should you wish to continue your residence in Bulgaria, you need to submit an application form for the renewal of your residence permit or for the issuance of a new residence permit before the end of the periods indicated above. Your application will be dealt with in accordance with the terms and conditions applicable to the EU citizens.
The Entry requirements are as follows:
Passport validity: Your passport should be valid for the proposed duration of your stay. You do not need any additional passport validity period.
Visas: If you hold a British Citizen passport, you don’t need a visa to enter Bulgaria. If you’re planning to stay longer than 3 months, see our Living in Bulgaria guide and contact the Bulgarian Embassy for further questions.
The rules on travel will remain the same until 31 December 2020.
UK Emergency Travel Documents (ETDs) are accepted for entry, airside transit and exit from Bulgaria. Source: GOV.UK Entry requirements
The exchange rate of the BGN (Bulgarian Lev) to EUR is stable!
Bulgaria is not in the Eurozone but is under a Currency Board since 1999. In other words, the exchange rate between the Euro and the Bulgarian Lev is fixed at 1.95583 which means that the exchange rate risk is non-existent.
*Source: Madam Bulgaria
Quality of life in Bulgaria
Last but not least, the quality of life in Sofia, Plovdiv, Burgas, Bansko and many other cities in Bulgaria is really great. For instance, how many European capital cities can claim to have a beautiful mountain just 20 minutes drive from the very centre of the busy city?
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NOTES:
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Further details for UK citizen on topics related to residing in Bulgaria (e.g. pension, benefits, voting, etc.) can be found here.