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Do purchasers need a Bulgarian bank account?

April 26, 2017bank account Bulgarian purchasers

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Do purchasers need a Bulgarian bank account?

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A Bulgarian bank account is not required to purchase a property. The developer must receive the funds, for example by bank transfer from the UK in Euros, to enable the purchase to be properly notarised. For Phase 2 a Bulgarian bank account is not required for completion but the purchaser will find that if they open an account it will make utility bill payment a lot easier.