Understanding the Buying Process
Understanding the Buying Process in Bulgaria
Buying property in Bulgaria is fairly straightforward, though the process may seem daunting if you're unfamiliar with local laws. Here's a simplified overview.
NON EU NATIONALS
Non EU nationals must buy property through a Bulgarian Ltd company. The steps are:
Company Setup
Option 1: With Bulgarian Residency
- Company set up directly in your name: 600 Leva
Option 2: Without Residency
- We set up the company, then transfer ownership to you: 1200 Leva
You’ll Need:
- A valid passport
- A unique company name
- A correspondence address (ours can be used initially)
EU NATIONALS
EU Nationals can purchase a property in their name hence will not need a company set up.
The process below applies to all.
Process:
- Meet with our lawyer to provide passport copy, company name, and address.
- Sign papers at the notary and provide a signature specimen.
- Open a business bank account.
- Pay for setup and order a company stamp (approximately 35 Leva).
- The lawyer submits all documents to the court.
You can still buy a house during this time using a power of attorney or a preliminary contract.
Buying the Property
The seller provides all necessary documents to the lawyer:
- Up-to-date property plan (skitser)
- Proof of paid council tax
- Government valuation (less than 6 months old)
- Deeds with seller info
Once verified, the notary prepares the sale documents. On signing day:
- Both parties sign in the notary’s presence
- A translator will explain all documents clearly
- If needed, we can sign on your behalf with power of attorney.
- Credit check is completed against the property to ensure no debts are attached to it.
The next day, papers are collected with your name on the deeds.
After the Purchase
- Property is automatically registered with the municipality (you pay future taxes).
- Change electricity and water bills to your company name.
Questions?
I'm happy to walk you through anything in more detail. Just get in touch!