|
Bulgaria is a politically stable country with a developing economy and
preferential conditions for foreign investors. The country has excellent business opportunities and investment growth
potential. Bulgaria real estate prices are by far lower than other
destinations in Europe but the estimated acceptance of Bulgaria in the
European Union provides unprecedented growth potential that will certainly
boost the prices of the Bulgaria real estate in the near future. Bulgarian
market or real estate is still unexplored and undeveloped to a certain
extent, which makes it very attractive and profitable.
It will probably be shocking for you how many strategic real estate
properties are still waiting for their proprietor to appear and earn a
fortune from their charm or natural beauty around.
Bulgaria has one of the most liberal foreign investment laws in the region
regarding Bulgaria real estate, as well as the foreign investors.
According to the Bulgarian Constitution and legislation foreign persons
and companies can invest in real estate in Bulgaria either personally or
through a local legal entity. Generally speaking, foreigners as persons
can acquire only buildings but not land. Only Bulgarian citizens and legal
persons (including such with foreign owner) can obtain the ownership of
Bulgarian land.
Therefore, the most popular and preferred by non-residents ways to become
the real estate owners are:
As far as houses, villas, flats and limited ownership rights (the right of
use, the right to build a house, etc.) are concerned, you can directly
purchase them as a person.
When talking about Bulgaria real estate with land, you set up a company
that will be the owner of the property. Setting up a company in Bulgaria
is very easy. All you need is a good solicitor or barrister at law.
Of course, there are other ways to do it, like:
Establishing a joint venture with existing local companies;
Setting up a new venture;
Acquiring a company through privatization;
Making a portfolio investment;
Foreign organizations have the right to open bank accounts denominated in
a Bulgarian or foreign currency. There is also no limit to the company
stake they possess. Moreover, there is a special regime of respect towards
the foreign investors on the part of the Bulgarian legislative system,
which is a gesture of tolerance to those, who are interested in Bulgaria
and are willing to benefit from its future. Last 2 Bulgarian governments
are doing their best to attract foreign investors to our economy,
inclusive such that want to buy Bulgaria real estate.
We are here to help and organize the whole process of acquisition for you
from the start to the very end. The service will be undertaken by a
Bulgarian lawyer, expert in Bulgaria real estate and specialists who will
provide you with a professional help in the field you need, including:
Registrations of mixed and foreign companies;
The best relation between price and quality of real estate achieved by
professional negotiations;
Property management and real estate maintenance;
Travel arrangements when arranging viewings of Bulgaria real estate;
Own cars for visits to real estates in the country;
Advice on any topic that intrigues your attention
IMPORTANT INFORMATION WHEN BUYING PROPERTY IN BULGARIA
All foreign buyers purchasing real estate property must be aware that in
Bulgaria there are such terms as "tax estimation price" and "purchase
price". The "tax estimation price" is for the purposes of real estate
taxation and is much lower than the actual selling (purchase) price.
Most of the Bulgarian property owners (vendors) wish that the "tax
estimation price" is written in the title deed, and not the selling
(asking) price which the buyers are paying, so due to this practice there
might be discrepancies between the price you are paying and the price
written in the title deed. If the respected
property buyer wishes that the purchasing price is written in the property
title deed they must notify us in advance and we will negotiate on this
with the vendor of the property.
|
