Property Ownership

Under the Bulgarian act on Foreign Ownership, foreigners are allowed to buy buildings but not land. Foreigners can however own land by setting up a Bulgarian company. This restriction is simply avoided by setting up a Bulgarian company that owns the land. The situation is summarised below:

No land ownership for foreigners in Bulgaria.
Foreigners can own buildings.
Foreigners wishing to own land can do so through incorporating a company.
Bulgarian company incorporation costs less than £300.
Bulgaria’s ownership policy will be harmonised with the EU in the future.
All our off-plan developments do not require company incorporations and when you buy an apartment, you buy a section of the building. This section of the building is freehold and there is no lease, the apartment is yours forever, or until you sell.