The agency works with experienced lawyers who are at disposal to our clients for all kind of legal advices and services. As one of the most liberal legislations, the Bulgarian legislation gives the possibility for foreign legal and physical persons to acquire real estates on the territory of the country with one exception- the direct ownership of land is forbidden. Foreign individuals can buy the buildings, but not the land. That is why the opportunity to purchasing land on the Bulgarian territory is by registration of Bulgarian-foreign companies.

When you want to register a limited company in Bulgaria with the purpose of buying a property, there are two possible options. You could register a company with 1% Bulgarian participation, or a single proprietor limited company, which is 100% yours. With the 1% Bulgarian participation, it is granted to someone from our company, and gives us the only right to register the company and then buy the property on your behalf provided that you do not wish to travel to Bulgaria. Then after the completion of the deal, this 1% can be given back to the client with no charge for this, or we may retain it and this is often preferred by our clients. With this 1% we can manage the property while you are away taking care of all the annual taxes and fees, and cleaning it on a regular basis.

In this case the process of the registration takes from two to three weeks. In the case of the single proprietor limited company, the company is 100% yours and you are the only owner. This means that if you do not intend to travel to Bulgaria, we will have to take out a power of attorney in order to register the company on your behalf and then another power of attorney to buy the property - unless you come here to do it personally). These powers of attorney should be notarized and certifies with a special stamp called Apostil, which can be obtained only in the Ministry of Foreign Affairs in your own country. This usually takes about a week for each of the items. And that is why the procedure becomes longer. The whole process of registration can take in this case from one to two months. That is why we usually recommend to our clients to adopt the first option with the 1% Bulgarian participation so that the purchase lasts about a month. But the choice is up to you, our clients. You will eventually choose the best for you.