When the foreign individuals will be allowed to purchase Bulgarian agricultural land?
Last update: 2008-05-09 07:03:39
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 term provided by the EU Entry Agreement, namely 7 years from the Bulgarian entry in the EU which happened on January 1st, 2007. According to art. 3a of the Property and Use of Agricultural Lands Act the above-mentioned limitation would not apply to self-employed agricultural growers from countries - members of the EU who would like to settle and reside permanently in Bulgaria and are registered with such capacity according to the Bulgarian Bulstat Register Act. They are entitled to acquire agricultural and forestry lands for agricultural use from the date of enforcement of the EU Entry Agreement - January 1st, 2007.