The introduction of a currency board in 1997 stabilised the country's economy and Bulgaria is a politically stable country now, with developing economy and preferential conditions and guarantees foreign investors generated excellent business opportunities and investment growth potential.

Buying a property in Bulgaria is a simple and straightforward process. We are here to help and guide you through every stage of your purchase. There are several important steps that must be made to purchase a property in Bulgaria and we will be always ready to guide you and to give you and expert advice. Buying in Bulgaria is easy and is not more or less difficult than buying in any other foreign country. There is only one specific thing that is to be taken into consideration and it is that according to the Bulgarian Constitution and legislation foreign persons currently are prohibited from owning land and can acquire only buildings but not land on which the buildings are built.
Therefore the most common method for buying property/properties in Bulgaria is by forming a Bulgarian registered company with you being a sole owner and director.
Setting up a company in Bulgaria is very easy and our solicitors will do this for you. The preferred form of engaging in business is via Limited Liability Company /OOD/. It is a commercial company with share capital owned by its members whose liability is limited to the amount of the capital subscribed. If you wish the property you are buying to belong to you ONLY then you may register a private limited liability company, known in Bulgaria as EOOD. The company does not have to operate - it is simply used as a tool to purchase a property (properties)! The minimum foundation capital for both – OOD and EOOD is 5000 Bulgarian leva /approx. 1800 GBP/. You need to open a bank account and to deposit the initial company capital. IT IS NOT THE COST OF SETTING UP THE COMPANY, JUST THE AMOUNT REQUIRED TO BE DEPOSITED AS A CONDITION OF SETTING UP THE COMPANY!!! Once the registration is completed these funds can be accessed and withdrawn. The company exists from the moment it is added to the Commercial Register of the district court of where the company will be based.

All legal, solicitor’s and government’s taxes for the Company’s registration are 300 GBP. All you have to do is to sign all relevant documents in English. You will be explained in details all steps and all documents that you will be signing.

For further information, please do not hesitate to Contact us