IMPORTANT!
From 01/01/2012, all citizens of the European Union can now freely buy plots of land, houses / villas with plots, apartments with common parts of the plot on which the building is constructed, etc., without the need for longer to register а company!
The rule for registration of companies remains for all who want to buy land!

The real estate buying process in Bulgaria is different from the process in many other countries. Many people don't realise that a Bulgarian limited company has to be set up if you intend to buy a house with land or just plot.

1. Make an offer – Once an offer is made and a deposit paid to the agency (usually 2 000 €), the property is then taken off the market.
2. Open a company bank account to deposit the 2 Leva to show that you have the funds required to set up a company in Bulgaria.
3. Set up a Bulgarian registered company for buying property in Bulgaria. (Our company registering company free of charge for our clients, you need to pay only the govement tax. The cost is 286 Leva.)
4. Open a personal bank account for future payments of tax and utility bills.
5. Once all documents have been checked and approved, a completion date will be agreed upon.
6. Completion shall be effected upon transfer of funds and signing of the Notary Act, which is the transfer of Title Deeds. Legal fees & costs on purchase price totals around 5%
7. Time scale for the entire process is around 14/21 days.

- The agency commission for a completed sale is 3% of the sale price, but not less than 1,000 Euros.