The Bulgarian Property Act and Foreign Investment Act state that a foreign person cannot acquire ownership of a property with land or land on its own, unless they form a Bulgarian Company. There have been so many investors here that it is now everyday practice!
To assist in the ease of administration of the sale, Out To Inspire Ltd have already purchased the land that you can choose and set up a Bulgarian Company for you, so the hard work is complete. This means that the notary & municipality duties are paid and there will be no issues with borders or ownership. Therefore when the villa is finished, the only administration required, is to change the names of ownership of the company from us, Out To Inspire Ltd to you, the customer. It is as straightforward as that. |
