The buying process
The buying process in Bulgaria, is relatively straight forward, but for those of you that do not know the procedure, or the rules/laws of Bulgaria, it may be a something that could put you off the whole idea of moving to Bulgaria.
I have gone through the process in as much detail as I can below, and hopefully you will also see that it is not as difficult as it first looks and sounds. And that you can be the owner of a new property in as little as one day. If there is something that you can not grasp, and need more information, then please get in touch, and I will be happy to go through it with you.
What will you need to buy the house in your private name?
* A passport, (which will be photocopied for each owner of the company, and the photocopy will be sent in with all the paperwork.)
*An address for correspondence- I allow my clients to use my address, and then once they have moved and are settled in Bulgaria they can change it to their own address, if they wish. It means that if you are not in the country, all letters will come to me, and you will be kept informed of any bills or problems, that may occur.
What will you need to set up a company?
Where do we start?
He will prepare all the paperwork, and we will be told to come back to the office in an hour. Perfect time for a cup of tea or coffee or a chat about the area, and to answer some of the questions that have been running through your mind.
Buying the house
If you decide to buy the house in your personal name, then we will miss out the step above, and when the seller has all the papers ready
What needs to be done, once the house is signed into your name?
This only needs to be done, if you buy a house in a company.
This needs to be done before the end of March, and given in to the tax office, and then you have 90 days after this to produce a second copy to the government and trade registry. With a deadline of June 31st. These both need to be done each year. For any that are not done, if they are noticed, you can risk fines of anything from 2000 Lev per manager up to 5000 Lev. So it is not really something to be taken lightly.