Bulgaria is a politically stable country with a developing economy, a member of NATO and joined the European Union in 2007. In recent years, Bulgarian legislation has come in to line with other European countries. This process is not finished yet and the parliament pays special attention to the laws that make our country attractive for the foreign investors. Bulgaria has one of the most liberal foreign investment laws in the region, providing preferential conditions and guarantees for the foreign investors. Presently, our country offers excellent business opportunities and investment growth potential.
The prices of real estate in Bulgaria are much lower in comparison with other European countries. But this will soon drastically change when our country will be accepted in the European Union in 2007. Although the real estate market is developing very fast, still there are unexplored and unutilized areas, which make it attractive and profitable.
Bulgarian legislation gives foreign legal and individuals the opportunity to acquire real estate within the country. There is only one restriction - a non-resident individual can purchase buildings, but not land on which they are built. This restriction is imposed by the Constitution of the Republic of Bulgaria. Houses, villas, flats,shops and limited ownership rights (the right of use, the right to build a house, etc.), foreigners can directly acquire as a person; Real estate with land, foreign citizens can own if they set up a Bulgaria based company that will be the owner of the property. The registration of the company is not complex at all and we entirely help You in that process. The most common type of organization used by foreign investors is a limited liability company. Other possible forms are the companies limited by shares (joint stock companies), joint enterprises, business associations, general partnerships, limited partnerships, and sole proprietorships.
The law does not limit the extent or amount of foreign participation in companies. Foreign individuals and companies can open unlimited number of accounts in any Bulgarian banks, denominated in a Bulgarian or foreign currency.