v Where is Bulgaria ?
Bulgaria is situated in SE Europe. It is a quiet rural country about the size of England but with a population of only 8 million and is only a 2 ½ hours’ flight away from the UK.

It is bordered by Romania to the North, the Black Sea to the east, Macedonia and Yugoslavia to the west and Turkey and Greece to the South.
The capital is Sofia, which has a population of one million. Varna and Bourgas are the main towns on the coast


v What is the weather like in Bulgaria ?
Bulgaria’s weather offers a hot Mediterranean type summer with temperatures climbing up to 37°C. Spring and autumn are mild and colourful.


v How do I get there ?
By daily direct flight from the UK to Sofia, Varna and Burgas.


v Is there a law on foreigners buying property ?
No, foreigners may purchase any type of property, but for land purchases you will have to form a company, and then the company buys it.


v How do I register a company ?
Frightening as it sounds, it is quite a simple procedure that we can assist you with. Additional fees apply. The registration of a company takes about five weeks. Please be aware that as a company owner you will have certain obligations such as filing annual accounts. You will get assistance on every aspect of this.


v What funds do I need to register a company?
5,000 leva (approx. GBP 2000) for the capital of the company. This is the minimum amount required as capital for a company. This amount is paid into the bank in the company account at the start of the registration process and is kept there until the Court registration is issued. It is then transferred into a company current account and can be withdrawn or used as needed.

Company registration fees. These include Government fees for the registration, solicitor's fees and registration fees for BULSTAT (Bulgarian Statistics). The fees vary according to Government decrees. Please enquire for up to date calculation.

It will help a lot if you have the above amounts with you when arriving in Bulgaria, especially if you are coming for a short time as bank transfers take up to a week.


v What do I get to say I am the new owner of the property?
The sale of a property is completed before a Notary who witnesses the final contract for purchase-sale. This is a legal requirement. The Notary checks the paperwork of both vendor and buyer and makes sure that the sellers are the ones they say they are, that they are indeed the owners of the property and they have the right to sell it, that the property has no mortgages and other encumbrances that may prevent the new owner from exercising his rights and makes sure that both parties are entering into the contract by their own free will. And, last but not least, that the price for the property has been paid. The new owner gets a Title deed which is issued by the Notary and registered with the Entry office at the local Courts. The Title deed is signed by both vendor and buyer, and the Notary.

v How safe is the country ?
You are less likely to become a victim of crime in Bulgaria than in the UK. Street crime is rare but as in all countries you always have to be aware of your surroundings. Bulgaria is basically a peaceful, law abiding and trouble free country.


v What type of facilities do you find in Bulgaria:
English style supermarkets have sprung up due to demand. Most items purchased in the UK can be found here.

There are private English speaking schools and nurseries.

Communications (telephones, internet access etc.) exist even in the smallest village.

There is a well-maintained network of public transport accessing all towns and villages for a very reasonable price.


v Are the banks safe to use ?
Yes, most Bulgarian banks are affiliated with international banks and offer excellent interest rates for foreign or local currency.

We at Bulgarian Property Dream use Bulgarian Postbank which is one of the most efficient banks when it comes to serving foreign clients, has reasonable charges and offers e-banking.

v In conclusion:
Overall, Bulgaria is at the same stage Spain and France were to the British in the late eighties and early nineties. Cheap property and low living costs.
If you are thinking of coming to Bulgaria to purchase property, start up a business or just enjoy a holiday then as with most things you have to be extremely careful on whom you deal with.