Should I do something else after the notary purchase of my Bulgarian real estate? • First of all, within 7 days from the date of purchase you or your representative shall file an application for your Bulstat registration as a foreign owner of a Bulgarian real estate with the local… Read

Could I calculate my notary expenses approximately? You would not be able to calculate your notary expenses without a consultation with a professional (solicitor, real estate broker or notary public). The main expenses for a notary transfer of a Bulgarian… Read

Who pays the notary expenses for transfer of Bulgarian real estate? The parties could stipulate in the Preliminary contract or otherwise the distribution of payment of notary fees and taxes between themselves. According to art. 186 of the Contracts and Obligations Act,… Read

When the foreign individuals will be allowed to purchase Bulgarian agricultural land? According to art. 3 of the Property and Use of Agricultural Lands Act, the foreign citizens from countries - members of the EU will be entitled to acquire agricultural land after the expiration of the… Read

Are there any limitations for a foreign person (individual or legal entity) to register a company in Bulgaria? The foreign persons could carry out trade activity and invest in Bulgaria with the same conditions applied as for the Bulgarian citizens and legal entities. There are very few explicitly regulated legal… Read

Is it possible to have my Preliminary contract terminated? According to art. 63 of the Contracts and Obligations Act “Each of the parties to the contract should fulfil its contractual obligations punctually and conscientiously in accordance with the legal requirements… Read

What should I check before the notary transfer of a real estate if I have a signed Preliminary contract? • There is no change in the parties – individuals according to the Preliminary contract (actualization of their certificate for inheritance, research of their marital status at the moment of the notary… Read

What kind of complications could I expect as a Buyer at the notary transfer of a real estate if I have a signed Preliminary contract? If the parties have a signed Preliminary contract, they are bound with its clauses. There are some cases where the Buyers end up unpleasantly surprised by the request of the Seller to have a different… Read