Requirements to Buy a Property in Bulgaria

Investments on assets has been the inducement for the majority bargain hunters in Bulgaria, with off-plan apartments and developments in Sofia, ski resorts in Bansko, Pamporovo and Black Sea resorts such as Sunny Beach and Golden Sands forming the bulk of the Bulgarian property sale. In order to purchase as a non-Bulgarian National land or property one has to establish first a Bulgarian Company. The registration of the Bulgarian business may be done from another country before a viewing trip is organized but it will cost more money as all the documents must be signed in front of a public notary and then submitted to the department of foreign affairs of your country. The first step is to register the name of your Bulgarian company with Bulstat (National Statistics Office of Bulgaria). This is a simple procedure. From there the documents are drawn up in both Bulgarian and English. The next step will be to open an official business account with any bank and this then must also be registered with the above authorities. The above procedure is time consuming due to lack of customer services in the public offices and unmotivated public servants. It involves long hours of queuing followed by troublesome language difficulties. It is possible and legal to attempt all this by you as a foreign national but not advised.