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Buying Property in Bulgaria
According to Bulgarian legislation foreign persons and companies can invest in real estate in Bulgaria either personally or through a local legal entity. Generally speaking, foreigners as persons can acquire only buildings but not land. Only Bulgarian citizens and legal persons / including such with foreign owner/ can obtain the ownership of Bulgarian land. Therefore, the most popular and preferred by non - residents ways to become real estate owners are: - as far as houses, flats, villas and limited ownership rights are concerned / such as right of use, right to build a house etc./ are concerned, you can directly purchase them as a person - when talking about Bulgaria real estate with land, you have to set up a company that will own the property.
Essentially the process is as below:
1	Choose a property at our web site.
2	Make Preliminary inquiry and get all your questions answered.
3	Visit Bulgaria and see the property and land at first hand, sign an agent contract and pay 2 % agent's commision to use our services in finding the property.
4	Decide on your new property, accept the offer and place a deposit of 10 % to take the property off the market. We will now commence with all the paperwork, keeping you informed at every stage.
5	Register company details. You have to pay 450 Euro about the company registration and we will arrange all the formalities for you.	Create preliminary contract for property purchase. Agree purchase price, commissions, administration fees and costs.	Complete detailed checks on Title documents, Licenses and permissions. Debts on Title.
6	By signing Contract of Purchase you pay 3 % of the property price which includes the notary fees and preparation of the Notary Act. You have to pay also 2 % local tax about the purchase.
Become the Owner of Property in Bulgaria
All this is illustratedwith the following example: If you choose a property at a price of 30 000 Euro, all the expenses of buying it are:

The kind of the company you may form is Private Limited Company / limited liability company/ - OOD.
It is a commercial company with share capital owned by its members whose liability is limited to the amount of the capital subscribed. One or more persons, including foreign natural or juridical persons may form such company.
The minimum foundation capital is 5000 lv, divided into shares. The company is incorporated from the date of its registration in the trade register of the relevant district court.
In order to be registered in the trade register, the company must have its Articles of Association, have appointed its managing director and have paid at least 70 % of its authorized capital.

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