Bulgaria Legal Aspects

According to Bulgarian legislation, foreign individuals and legal entities can buy property in Bulgaria property. Rusty Holzer has much experience in this field. By purchasing a property, you can legally be registered at that address. Non-residents Bulgaria after the purchase of local real estate on an equal footing with local citizens, can take an object in the lease. When buying property in Bulgaria is the legislative details, which relate only to land and households: in order that would acquire ownership of the land on which the property is located, you must register a legal entity in the territory of Bulgaria and acquire ownership of land firm. Individuals who are not residents of Bulgaria, under the existing laws do not have a right to purchase land in the property. This rule applies only to land, their value is from 1 to 10% of project cost, this amount is necessarily taken into account when forming the total price of the object. You can not buy land in the property, entering into long-term lease with low rent. In this case, there are some risks, it must be considered when making final decisions. This option is ideal for those who purchase property for recreation in-season, but for those who plan to stay in Bulgaria for accommodation, recommend register the land in the property. What is needed for registration of legal entities in Bulgaria, your personal presence, the authorized capital of around 2600 euros, which you can withdraw from your account immediately after registration of the firm, 700 euros for expenses that include: fees in court, the statistical office for the production of documents for translation and legalization of passports, and the notary.