Register a company
According to the Bulgarian Constitution, foreign individuals can buy buildings but not land. The common practice is to set up your own Limited Liability Company, which will possess the purchased property (land and buildings). It is expected that the law will be changed in 2007 when an LLC will no longer be required.
The company collaborates with a respected law firm, which will advise you on the registering process and prepare all the documents, required to establish your company (Articles of incorporation, Memorandum for appointment of Director/ Directors, Proof that at least 70 per cent of the registered capital has been paid). It is a straightforward process which takes 2-4 weeks. If you require help, we can provide assistance with opening a bank account with 5000 levas initial company capital, needed for your company registration. After listing your company with the National Tax Register Authority you can withdraw your money or transfer it to your personal bank account.
The company will make sure that you are involved with the entire process and will be assisting you along the way.
