The most widely-spread form of organization for foreign investors is the limited liability company (Ltd). Other types are: the joint stock company, the sole proprietor, the joint venture company, the subsidiary company, the holding, the co-operative, and the representative office. The limited liability companies, the joint stock companies, companies with limited public ownership, limited companies, holdings and co-operatives are legal entities. The subsidiary companies and the representative offices are independent legal entities; The subsidiary companies can also include business assets – they have their own property and keep a separate balance sheet. Representative offices cannot have business assets. In order to register the most common type of company, which will give you the legal right to own a real estate property in Bulgaria, you only need to give your personal data and name to the company and to hire a licensed Bulgarian lawyer, who can take up its registration. You have to pay a registration fee and to deposit a certain amount of money with the bank account of the company. This exists as a requirement in the Bulgarian legislation which you could respectively use for your benefit.
If you register a limited liability company with the purpose of buying a property in Bulgaria, there are two possibilities. You could register a company with 1% Bulgarian participation, or as a one-man Ltd, which is 100% Yours. The Bulgarian participation with 1%, which our company transfers to you afterwards, is given with the only purpose to register the company, then to buy the property on Your behalf in case you don’t wish to travel to Bulgaria. After the deal is concluded this 1% could be returned to the client without being charged or we could keep it as this is often preferred by our clients. With the 1% we have, we can manage Your property while you are absent, taking care of the annual payment of all taxes and bills, as well as its regular cleaning, and in fact we assume the role of managers if this is assigned to us by our clients. In this case the process of registration takes 2-3 weeks. In the case of one-man Ltd the company is 100% Yours and you are its only proprietor. This means that if you do not intend to travel to Bulgaria, we have to be provided with a power of attorney, to register the firm, and then to buy the property (unless you come here to do this personally). These letters of attorney should be notarized and certified with a special stamp called Apostil, which can be obtained only in the Ministry of Foreign Affairs in your country. This usually takes about a week for each separate activity. That is why the procedure becomes longer.In this case the whole process of registration takes one –two months. That is the reason why we recommend accepting the first option with 1% Bulgarian participation so that the purchase should be concluded for about a month. But it is up to you - our clients. Finally You will do the best for yourself.
7.Do I have to register a company if I want to buy an apartment? The answer is: “NO”. Foreign individuals can buy apartments and buildings in Bulgaria as physical persons.
8.How can I view some of the properties offered in this site ? When you choose some of our properties you only have to get into contact with us – on the phone or by e-mail and we are going to organize your entire trip. Our agent will meet you at the airport and will take you to the hotel, which we have booked for you according to your requirements and budget. You can visit one of our offices closest to you and we will show you our database with all the properties available at the moment in the region you are interested in. We do not take a viewing trip fee. If a company car is used, we charge you 0.20 EUR / km to cover the petrol expenses and wear cost of the vehicle. Most of our cars are air-conditioned. We offer a discount for the transport expenses to the clients who have bought a property from us, although this fee is not refundable. If you want to save our transport charges we highly recommend renting a car at the most reasonable price through bulgarian-carhire.com this is to be a future project
