SERVICES
Currently it is possible for Foreign Nationals to own any number of properties in
BG however the land upon which they are built must be owned by a Bulgarian Company.
The set up and running of your company in BG is one of the services we offer.
A deposit of a minimum investment of Leva 5000 (around 1850 GBP) into your company's bank account
is required at start up but this money can be withdrawn at anytime subsequently.
No purchase should be undertaken without the services of a Bulgarian solicitor.
A vital link in the buying chain, it is he who collates all the information regarding
the searches to Title and prepares the Contract of Sale. No property can be sold in
BG without a "clearance of debt Certificate". A Notary - a government appointed
lawyer - oversees the work of the buyer and sellers solicitors and formally agrees
the sale usually about one month after the deposit is made. All transactions are
in the Bulgarian Language together with any legal documents that are required (e.g. Title Deed).
As in any legal transaction in a country that is not in your native language we advise that a full
service of interpretation and translation be undertaken. Bulgaria has official translators and
interpreters who are licensed to provide complete cover of the legal side of your property purchase.
Their name and registration number is recorded on your Title Deeds and Company Set up.
Simply the cost of securing your second home will cost a maximum of 30 % of the purchase price.
This includes: 10% deposit to secure purchase Setting up of your Bulgarian company to own the
land on which your property is situated to include the Bank deposit of 5000 leva to establish
your company bank account (remember that this money is fully accessible after your purchase is complete)
plus the legal and administration costs (non-refundable). Solicitor and Notary fees for BG
Company Set-up Government Tax for BG Company Set-up Official translation BG Company
Set-up It will be necessary for you to go to Bulgaria to sign the final papers.
May I remind you that Bulgaria is a cash-based society and the legal bills and any tax will need to
be paid, in cash at the date of completion.
