ALL FOREIGNERS WHO WISH TO PERCHASE LAND OR HOUSE WITH LAND IN BULGARIA ARE REQUIRED TO SET UP A LIMITED COMPANY (LTD) IN BULGARIA! THE GOVERNMENT IS PREPARING A NEW LAW UNDER WHICH FOREIGNERS WILL NOT BE REQUIRED TO SETUP LIMITED COMPANY BUT IT WILL BECOME EFFECTIVE IN 2014 WHEN THE PRICES OF THE PROPERTIES WILL BE IN HEAVEN AT LEAST TRIPLE!
The process of buying a property in Bulgaria goes through 2 simple steps:
Step 1. Your company set up.
Step 2. Purchase of the property.
Step 1: You can easily open a Bulgarian company, which is not obliged to have any activity, and the yearly taxes for maintenance are minimal. We will assist you with a professional accountant after the sale, who will take care of your yearly company taxes reports.
If you don’t have a Bulgarian company we can provide you with a package, which includes: Company formation, lawyer and government fees and opening a bank account. The package costs 350GBP.
If you dont already have a company in Bulgaria set up, you are required to deposit 2050GBP (5000 bulgarian leva) into your company registration account. You can withdrawn this money again in full as soon as your company is formed. In case, you want to eliminate this part, here is our suggestion. We can deposit 2050 GBP instead of you. The price of the whole company set up package then is 500 GBP.
Step 2: This will take 1-2 days and you will have to come personally to Bulgaria (it’s the same all over the world) to sign the papers for your new LTD and property. Note that most sellers require from you to come personally to Bulgaria twice - first for setting up the company and second to purchase the property. We save your time and money and you have to come only once - to buy your new property!
There is a one-time lawyer fee of 450 GBP that includes notary and government fees for the process of property purchase and legal transferring. All paper work will be presented in English so you can understand everything. We will be next to you to help you in case you need it. Since our philosophy is: “buying should be a pleasure “- the lawyer will handle everything and you can relax and take advantage of our free tour for two to see the best sights in region where the property is located.