Bulgaria has one of the most liberal foreign investment laws in the region regarding Bulgarian real estate as well as 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. Foreigners as persons can acquire only buildings but not land. Only Bulgarian citizens and legal persons (including such with a foreign owner) can obtain ownership of Bulgarian land.
Therefore, the most popular ways for becoming real estate owners are as follows:
• 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 Bulgarian real estate with land, one must set up a company that will be the owner of the property. Setting up a company in Bulgaria is very easy. Sofia view will help you throughout the all procedure, but if you want you can get a solicitor or barrister at law.

The registration of a company in Bulgaria is now offered at a lower price of 350 Euros , due to the cheaper company formation because of the new system of the online Trade Register.

Why need to form a company?
If you are a foreign person, you are still not allowed by the Bulgarian Law to own as a physical person a property which comes with land. Properties that come with land are: houses with gardens, plots and in some cases, apartments which go together with ideal parts of the land the block was built on. The only way to buy a property with land in Bulgaria is by forming a Bulgarian limited company. This is a smooth a straight-forward procedure, which has been used by thousands of foreigners so far.

We will help you with the registration of a company in Bulgaria.

The company you register will own the property and you will own the company and its assets. There is no need to have a Bulgarian partner or manager of the company – any foreign person can register and own 100% of the shares of a Bulgarian company. It will be a regular limited company, which can also trade and you can do business with it if you wish.

Will foreigners be allowed to own land as physical persons and when?
EU physical and legal persons will be allowed to own land in Bulgaria in the coming few years. After Bulgaria joined the EU in January 2007, the Treaty of Accession of Bulgaria to the EU allows Bulgaria to keep the prohibition for EU physical and legal persons to buy land in Bulgaria, for up to 5 years for land and up to 7 years for forests, and agricultural land after its accession to the EU. So, it will take a few years more for EU countries’ citizens to be allowed to own land in Bulgaria and in the meantime they can do this by registering Bulgarian companies.

For citizens of countries, which are not EU members, things will probably remain the same as now and they will need to register companies in order to buy land in Bulgaria.

Notary costs and fees, title deed – 3.5 % - 4.5% on the price of the deal (maximum 3 000 Euros)

Local taxes and fees – 2% - 3% on the value of the deal (depends on location)

Registration of the property in the Bulgarian administrations - 150 Euros

N.B. The process of the purchase starts with 15% deposit and payment of the price for the creation of the Ltd. company (if the buyer doesn’t already have an established Ltd company)

Viewing trip – To organize viewing trip for you, you have just to look at our database, choose your potential properties you like an we will arrange your viewing trip. If you don’t want to buy a property through us, the viewing trip of a property is 20 Euro which are obligatory to be paid if property is not purchased. During the viewing trip you will get to know better Bulgaria, our professional agents will pay your attention and give you the best offers for short term or long term project.

Our commission – 4% depending of the value of the property.

Our agents commission covers many important services which we provide for the buyer during the process of pruchasing - such as: organising of viewings, search for properties specially for the client, solicitor's assistance, full checks on the title deeds and the ownership, preparation of all necessary contracts, paperwork, negotiations with the sellers, communication costs etc.