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Bulgaria

Bulgaria remains the unknown country of the Balkans.

Less heavily touristed then neighbouring Greece and Turkey, it is a place that brings few distinct images to mind.

As with many little known destinations, however, there is a great deal to discover here, much of Bulgaria is like an open-air museum of Balkan culture, with beautifully decorated churches and monasteries, wonderfully preserved rustic villages and a great deal of enduring folklore.

Bulgaria is one of Europe's fastest developing destinations, a report of the E.U. tourism commission shows that Bulgaria achieved great success at a time when World tourism faces challenges. With a predictable climate, comparable to Spain (summer temperatures average 26ºc/79’f and can climb to 35ºc/95’f) rock bottom property prices and living costs there is something to offer for every taste and age all year round.

Diversity is a key factor to its universal appeal, fabulous resorts on the blue flag golden beaches of the Black Sea provide the ultimate sun and sea holiday, bustling cosmopolitan lifestyle can be enjoyed in Bulgaria’s modern cities which are literally bursting with fascinating culture and ancient heritage.

World class ski resorts nestled in the idyllic and breathtakingly beautiful mountain regions only a few hours drive away offer peaceful and serene getaways and 5 star facilities for outdoor pursuits enthusiasts.

Its picturesque villages offer the rare pleasure of unspoiled scenery and a pace of life most can only dream of. With low cost airlines now providing more direct flights and the country which now is in E.U. , Bulgaria is the emerging market of the decade, it is now an undisputable leader in holiday getaways and property investment.

Facts:

Roughly the size of England, Bulgaria has 4 International Airports, 2 major sea ports and an international waterway, the River Danube.
Bulgaria has an existing and thriving tourist and economic industry, which is predicted to continue to expand impressively. With such a high growth potential, it will play host to a larger more integrated market which will boost economic growth, foreign investments and E.U. funding.
Becoming an E.U. member will call for a significant drop in mortgage loan interest rates, further invigorating the residential market .

Buying in Bulgaria

Buying in Bulgaria is a simple process and is more or less the same as buying in any other foreign country.

There is only one thing to take into consideration and that is, according to the Bulgarian Constitution and legislation foreign persons are currently prohibited from owning land and can acquire only the buildings but not land on which the buildings are built.

This is easily overcome by forming a Bulgarian registered company with you being a sole owner and director.

This law is one of the main reasons that property prices are so attractive compared with Western Europe

Setting up a company in Bulgaria is very easy and our solicitors will do this for you. The preferred form of business is a 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 nationals may found a private limited liability company. The minimum foundation capital is 5000 Bulgarian leva/2600Euros/. You need to open a bank account and to deposit the initial company capital. This money can be withdrawn once the company has been formed. It usually takes up to 4 weeks for a company registration .You do not need to be present while your company is being registered as our solicitors will do this for you. All you have to do is to sign all relevant documents in English. You will be explained in details all steps and all documents that you will be signing.