Bulgarian legislation allows foreigners to acquire real estates such as buildings, apartments, garages, houses, shops, etc. by transactions or through inheritance. Foreign acquisitions of land is limited and depends on the person nationality and the type of land.
Citizens of countries-members of the European Union (EU) or the countries-parties of the Agreement of the European Economic Area (EEAA), may acquire ownership over land if they are residents in Bulgaria. This means those who have permanent residence in the country can acquire land. EU citizens not residing permanently in Bulgaria can acquire land for a second residential property after 01.01.2012.
Agricultural land may be acquired by foreigners, citizens of EU and Member - EEAA after 01.01.2014. One exception, if you are established in Bulgaria, being permanently resident in Bulgaria as self-employed farmer under BULSTAT Act, may acquire ownership of agricultural land and forestry for agricultural use before 01.01.2014.
Persons who are not citizens of EU or Member - EEAA, cannot acquire land in Bulgaria.
In case of failure to comply with the legal requirement to transfer land to eligible persons within a three-year period, the state may buy agricultural land at prices set by ordinance of the Council of Ministers.
If you do not respond on the requirements to acquire property in Bulgaria, because you are not a resident in Bulgaria, or the desired property is not second home for you, if you want to invest in more than one Bulgarian properties as people all over the world focus on Bulgaria - the country famous with its nature, which despite the immense foreign interest still keeps the lowest prices in Europe, if you want to start up business in the country considering investment opportunities, then you shall need to form a Company in Bulgaria.
E-mail us firstname.lastname@example.org, and we would be pleased to give you more information.
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