Buying a property with land

Currently, foreign citizens are not allowed to personally own land in Bulgaria. The constitution of the country has recently been changed and this restriction will be abolished for citizens of the EU in 2014. However, this obstacle is easily overcome as foreign citizens are allowed to set up a limited company that can be used as a vehicle to acquire property legally and entirely. So if you want to buy property with land in Bulgaria you will have to set up a limited company of which you would own 100% of the shares (or split ownership for partnership purchases), which will then buy the property on your behalf.

The process is practised and more than 60 000 British families have already bought houses in this way. The standard solicitor's charge is 400 Eur which includes; setting up a limited company owned by you, registering the company with all the necessary government departments, due diligence on the property and its documentation, representing you before the notary in your absence, paying the notary fees and taxes, applying for a new title deed to be issued in your name.


Fees for buying a house in Bulgaria


Our fee is already included in the prices you see advertised, upon completion of your purchase we are paid by the vendor and not by you the buyer. Should you purchase a property there are some standard charges that you should be aware of:

• The setting up of a limited company - 400 Eur solicitor’s fees

• Municipal tax, which is similar to the stamp duty tax in the UK, payable upon completion, normally 2% of the "taxation estimated price" ;

• Notary preparation and execution fee - around 0.5% each.

• Property registrar entry fee - 0.1%

• Other small fees and charges – around 65 Eur. These include: bank withdrawal fees, currency exchange charges, bank account opening fees etc

• Annual property tax is payable each year, the total amount is 0.15% of "taxation estimated price" click here for details;


EXAMPLE of the purchasing of a house for 15 000 Eur


1. Choose the house.

2. Pay the deposit of 10% - EUR 1,500.

3. Pay the solicitor’s fees for the company set up -  400 Eur 

4. The solicitor prepares a set of documents that you need to sign in front of a Bulgarian Notary.

5. The company formation takes approximately 10 days, a new bank account is set up to which you send the balance of funds.

6. You solicitor or Power of Attorney representative arranges an appointment to conclude the exchange in front of a government notary who monitors and oversees the deal and its legitimacy.

6. The notary fees and taxes are paid in full at the point of exchange to the Notary, the vendor signs over the title deeds on the basis that full payment is received simultaneously

7. Your solicitor or Power of Attorney representative then initiates a bank transfer from your company account to the vendor for the full balance of funds.

8.The property is then yours and within 2-3 weeks the new title deeds will be produced in your name.

Summary of Costs:

• 1,500 Eur Deposit
• 400 Eur for solicitor fees
• 13,500 Eur balance for the property within 30 Days of deposit
• 220 Eur Notary Fees & Taxes
• 70 Eur for title deed preparation and execution (35 x 2)
• 7 Eur for registrar entry fee
• 65 Eur for other petty expenses

Total 15,762 EUR