Buying a property in Bulgaria is a simple and straightforward process We will help and guide you through every stage of your purchase. There are several important steps that must be made to purchase a property in Bulgaria and our friendly staff will be always ready to guide you and to give you and expert advice.
Buying in Bulgaria is easy and is not more or less difficult than buying in any other foreign country. There is only one specific thing that is to be taken into consideration and it is that according to the Bulgarian Constitution and legislation foreign persons currently are prohibited from owning land and can acquire only buildings but not land on which the buildings are built.
This is easily overcome by forming a Bulgarian registered company with you being a sole owner and director. This law is due to be removed before 2012 and it is one of the main reasons that property prices are so attractive compared with Western Europe.
 Please find bellow the summarized steps for buying a property:
1. Find a property (You can choose from our offers or we can find property for you.)
2. Decide to buy (As it is difficult to visualise the properties from a website, we can arrange an ispection trip for you.)
3. Sign a preliminary contract (When you are completely satisfied and sure that you really want the property sign the preliminary generally of sale with the agent and give 10% deposit to the agent to secure the property. The deposit is nor refundable in case you pull out of the deal.)
3.1. Property with land (Determine whether the sale is with land. If the sale is with land a company needs to be incorporated to hold the land.)
3.2. Register a company (To buy a real estate property togheter with the land on the territory of Bulgaria you have to set up a commercial company. That is an easy process tacking about 2-4 weeks.)
3.3. Property without land ( If property is without land no company is needed.)
4. Transfer tittle and deed, sign a Notary act (Payment of balance, right of ownership in front of a Bulgarian Notary either in Bulgaria or at the bulgarian embassy in London. Declaring the acquired property, payment of taxes.)
5. Become a owner
 Setting up a company in Bulgaria is very easy and our solicitors will do this for you. The preferred form of business is a Limited Liability Company. One or more persons, including foreign nationals may found a private limited liability company. The minimum foundation capital is 5000 Bulgarian leva (2600 Euros). You need to open a bank account and to deposit the initial company capital. This money can be withdrawn once the company has been formed. It usually takes up to 4 weeks for a company registration. You do not need to be present while your company is being registered as our solicitors will do this for you. All you have to do is to sign all relevant documents in English. You will be explained in details all steps and all documents that you will be signing. Charge for setting up a Ltd. Company is 500 Euros which includes all state’s, legal and solicitor’s fees.
Please also note than in Bulgaria there is a Tax estimation price (similar to ratable value in UK) which is usually several times lower than the sale price. Because of various reasons most vendors prefer that this lower price rather than the real sale price is written in Title deeds. Due to this practice there might be discrepancies between the price you are paying and the price written in title deeds.
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