Can foreign nationals own land in Bulgaria?
A0: Foreign nationals arent able to own land in Bulgaria directly – this law is liable to change in the next few years. Meantime this obstacle can be overcome by incorporating a business in Bulgaria and owning the land as an asset of the business. more info >> http://get.info.bg/properties/Dir.asp?
“Foreign nationals and foreign legal entities may acquire ownership title over buildings and limited ownership rights over property in the Republic of Bulgaria. Foreign individuals cannot own land (this is a Constitutional prohibition). However, the Foreign Investment Law removed the restrictions on acquisition of land by locally registered companies with foreign participation. By setting up or joining a company incorporated under the Bulgarian legislation foreign persons can acquire full land ownership rights including ownership rights on agricultural land.” From Bulgaria Foreign Investment Agency website. http://investbg.government.