What is the procedure to purchase a property in Bulgaria?
By law foreigners in Bulgaria are not allowed to purchase land as physical persons. Therefore if you are buying a property that includes land you need to set up a company. We provide such an assistance of setting companies for our clients. The service costs 600 Euros as total. The price includes country and court taxes, lawyer’s service and paper work. All you need to do is to sign a few papers (either in Bulgaria in front of a notary or in your country in the Bulgarian Embassy. In order to start the purchase you need to place in a deposit of 10 % (in some cases 15 % might be required) of the property price which money is to be paid to the owners and secure the property by signing a preliminary contract with them for a certain period of time until the company is set up and the property can be transferred on your company name- therefore paid all out to the owners.
