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 our friendly staff 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.

This is easily overcome by forming a Bulgarian registered company with you being a sole owner and director. This law is due to be removed before EU membership in 2007 and it is one of the main reasons that property prices are so attractive compared with Western Europe.

Setting up a company in Bulgaria is very easy and our solicitors will do this for you. The preferred form of business is a 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. One or more persons, including foreign nationals may found a private limited liability company. The minimum foundation capital is 5000 Bulgarian leva /2600 Euros/. You need to open a bank account and to deposit the initial company capital. This money can be withdrawn once the company has been formed. It usually takes up to 14 days for a company registration. You do not need to be present while your company is being registered as our solicitors will do this for you. 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. Charge for setting up a Ltd. Company is 600 Euros which includes all state’s, legal and solicitor’s fees.

Please note that in case of off-plan developments the final Notary Act is not signed until the building is completed .

Please also note than in Bulgaria there is a Tax estimation price / similar to ratable value in UK/ which is usually several times lower than the sale price. Because of various reasons most vendors prefer that this lower price rather than the real sale price is written in Title deeds. Due to this practice there might be discrepancies between the price you are paying and the price written in title deeds and thebestbghomes.com can not be held responsible for that.

Other expenses:

•  Transport charge: If our company car is used for the viewing trips we charge 0.20 Euros (approx. 0.14 GBP) per km to cover the fuel charges and wear costs of the vehicle. This charge is equal to the price charged by the taxi companies in Bulgaria. Most of our cars are air-conditioned. This fee is non-refundable.

For free:

•  An ice-breaking dinner at our cost.

•  Presentation of Bulgaria as a tourist destination, including multimedia materials .

Warning! Important Notice:

•   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" (similar to "ratable value" in UK) is for the purposes of real estate taxation and is much lower than the actual selling (purchase) price. Most of the Bulgarian propety owners (vendors) wish that the "tax estimation price" (ratable value) 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. This is because of various reasons and "The Best BG Homes" can not be responisble for it. Even if the the property buyer wishes that the purchasing price is written in the property title deed we can not guarantee that this will be accepted by the solicitors.