LEGAL SERVICES

Our legal department employs the services of an English speaking lawyer. Besides legal consultation and advise, we offer company registrations, litigation, court representation, both on civil and criminal cases, and any other legal service you may require. Our fees are very realistic and in line with the Bulgarian cost of living. Please read if you do not have a registered company in Bulgaria . According to the Bulgarian Act on Foreign Investment, foreigners can buy buildings but not land. Therefore the most common method for foreigners wishing to own property is to register a company, which then owns the land and the property. We expect the law to change within the short to medium term as Bulgaria opens its doors fully in line with its expected entry into the European Union. It can take between 2-4 weeks to register a company on your behalf, legal and administrative fees for registering a company are 500 Euro.

This fee includes the state and court taxes. The company does not need to operate but it is simply a tool to purchase the property. Once you have bought a property the company will be re-registered at the address of your new property. When we register your company you must deposit a sum of 5 000 BGL / 1,800 GBP / 2560 EUR (approx) into your company bank account whilst the registration is being carried out.

This money can then be withdrawn once the company is registered. As within the UK there are a number of local transaction costs such as stamp duty that need to be paid by the purchaser. The Local Property Tax is 2% of the purchase price. The National Registration Tax is 0.1%. A Notary (state certified) legalizes the deal and the fees are based on tables reflecting the purchase price and are typically less than 250 Euros.