As it is well known, the Bulgarian Law of Trade ( legal advice ) does not allow
a foreign citizens to acquire land in Bulgaria as a PHYSICAL person, but only
as a LEGAL ENTITY. Foreign citizens are allowed to purchase buildings, but not
land. If you are interested in buying apartment, maisonette or an office, you
are allowed by the law to do so. But if you would like to acquire land (for
example house with a garden), you will have to register a legal entity to own
the land.
The process of registering a company in Bulgaria is simple and takes little
time.
The easiest way is to come to Bulgaria in person and to sign all the legal papers
in front of a notary ( to notarize the papers ) which usually takes only a
couple of workdays. Our skilled lawyers will fully assist in the procedure of
registering a company, which may take from 5 to 20 days. The fee is 500 euros,
which includes the payment of the notary fees, stamp duty, and some other taxes.
Required starting capital fund for the company - This is the start up capital
for the company needed to register a limited company. The minimum amount is
2 550 euros, which is 100% refundable after the registration of the company
is completed!
Once our client has a registered company, the company is allowed to own as
many properties as the client wants.
If the customer doesn't want to run any business through the company, it will
be unactive company, which will save the annual running taxes on it! But if
the customer decides to develop business through the company it is possible
to use the legal assistance of our lawyers.
You must be aware...
In Bulgaria there is a terms as " tax estimation price " and "
purchase price" .
The tax estimation price is for the purposes of real estate taxation and is
much lower than the actual asking price which the buyers are paying, so due
to this practice there might be a difference between the price you are paying
and the price written in the title deed. Even if the buyer wishes the purchasing
price to be written in the title deed, we cannot guarantee that this will be
accepted by the vendors.
All properties offered on our website are priced according to their size, condition,
situation, but most importantly according to the asking price of the vendors.
Friday, 04-07-2008
News
6.8% increase in property prices for the first 3 months of 2003
25.04.2008 National Statistical Institute anounced 6.8% increase in property prices in Bulgaria
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