Buying process Bulgaria

Buying property in Bulgaria the process

Buying property in Bulgaria means in most cases that overseas property buyers will need to set up a limited company. The exception to this is when a buyer purchases a leasehold property such as an apartment. In this case you do not own the land and therefore foreign buyers can buy Bulgarian property without the need to set up a Bulgarian registered company.

How to set up a Bulgarian company

Setting up a limited company in Bulgaria is such a normal process that it is now a relatively easy process. Many Bulgarian estate agents will do this for you as part of the service. After all it is to their benefit as buyers cannot proceed without the creation of the company. You will need to consider the cost of this service and like most things it varies from agent to agent.

Once registered your company gives you bargaining power it can put you in an excellent position as you are ready to buy. It demonstrates to the seller that you are a serious buyer that can buy a Bulgarian home relatively quickly.

Your ownership rights are the same as if you bought the property as an individual. Whoever owns the company also owns the land.

These rules are set to change in 2007 after Bulgaria joins the European Union

Bulgarian Property Resources

Official Bulgarian website London Bulgarian Embassy
Official Bulgarian Tourism Destination Bulgaria
Explore Bulgaria guides and links at Travel Bulgaria
Lonely Planet guide to Bulgaria Lonely planet Bulgaria
Sofia the city's history, culture, sightseeing, restaurants, transport, and map Sofia.Com

Areas of Bulgaria

Since 1999 Bulgaria consists of 28 regions (oblasti, singular - oblast), after having been subdivided into 9 provinces since 1987. All are named after the regional capital, with the national capital itself forming a separate region: