MA&A specialize in the acquisition of property internationally, and offer consultancy and advisory services in letting, sales, and time sharing procedures. The firm shall take care of all the details, including financial planning and tax procedures, and shall accompany you to any country where you would like to purchase property, whether as an investment or for personal use.
The following is the process to purchase property in Bulgaria, a country which offers excellent investment opportunities since EU accession is pending in 2007.


The purchasing process is as follows:

Step1 : Reserve a property with a 10% down payment. You are allowed to carry 8000 Leva (approximately 2500 GBP) through Bulgarian customs.


Step2 : Determine whether the sale is with land. If the sale is with land a company needs to be incorporated to hold the land. If sale is without land no company is needed. To incorporate a company we shall put you in contact with a reputable lawyer.
The process is straight forward and will take 2-3 weeks to complete and cost approximately Lm 600 to complete. Unless you are staying in Bulgaria this length of time you will need to sign "power of attorney" for your lawyer so he/she may act on your behalf and sign to close the final property deal in your absence.

Step3 : Sign the preliminary agreement of sale with the agent and give 10% deposit to the agent to secure the property for you exclusively for a month. The Euro is generally the favored currency and of course most convenient for European investors.

Step4 : If the property is already built, do the standard checks on the property using a reputable Bulgarian solicitor and structural engineer. Search will include

-Title documents
- Licenses and permissions
- Debts on title
- Terms of contract

If buying land you may wish to carry out a drilling analysis of the soil and subsoil to verify the suitability to build on this land in future. Check future zoning plans for the area you are planning to invest in with the local Bulgarian municipality of that specific area.

Step5 : Sign the Notary Act (Contract of purchase) in front of a Bulgarian Notary. You will have to pay a translator to be present and this costs approximately 20 euros. Please note that the final Notary Act is not signed until the building is completed in the case of off plan developments.

Step6 : The relevant taxes that investors purchasing property in Bulgaria will be liable for will vary from person to person due to a number of factors including your tax domicile, the extent of your business activities in Bulgaria, the nature of the property transaction and more.



The situation is summarized below:

No land ownership for foreigners in Bulgaria

Buildings can be owned by foreigners

Foreigners wishing to own land can do so through a company

Bulgarian company incorporation costs around Lm 600.

Bulgaria’s ownership policy will be harmonized with the EU in the future.

All off-plan developments do not require company incorporations.


Therefore, the most popular and preferred by non-residents ways to become the real estate owners are:

• As far as houses, villas, flats and limited ownership rights (the right of use, the right to build a house, etc.) are concerned, you can directly purchase them as a person.

• When talking about Bulgaria real estate with land, you set up a company that will be the owner of the property. Setting up a company in Bulgaria is very easy. The company has to be legally registered by a lawyer together with proof of working capital.