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For apartments/flats see our
For Land Buyer`s -
According to the Bulgarian Constitution, foreign individuals can buy
buildings but not land. Therefore the most common method for foreigners
buying property in Bulgaria is to set up a limited company which then
owns the land and the buildings. The law is expected to change soon
as Bulgaria is to enter the European Union in 2007. This historic restriction
is one of the reasons why property in Bulgaria is so competitively priced
compared to Western and Central Europe.
Forming a company
Who can form a Limited Liability Company & how?
A foreign or Bulgarian person (judicial or physical). The person/persons
will be liable for the company's obligations to the value of his/hers
share in the company's registered capital. The shareholders conduct
preliminary discussions on the commercial activities they intend to
engage in. Based on their agreement, Articles of Incorporation are prepared
& signed by all shareholders.
A dedicated bank account is opened to collect all share capital. The
minimum share capital required is 5,000 leva. Shareholders at time of
registration must have paid at least 1/3 of their respective shares.
It is required that at least 70% (3,500 leva) of the capital is raised
at time of registration. The company exists from the moment it is added
to the Commercial Register of the district court of where the company
will be based. The entry is made upon issue of a district court decision
for the incorporation. The following documents must be available at
the time of the submission of registration application to the district
court.
1. Articles of incorporation;
2. Memorandum for appointment of Director/ Directors;
3. Proof that each shareholder has paid at least one third of its interest,
but not less than 10 leva;
4. Proof that at least 70 per cent of the registered capital has been
paid.
The Bulgarian State Gazette is the official paper of Bulgarian State.
All Bulgarian legislation is published there for the law to take effect.
Publication of the company entry in the Commercial Register does not
complete your company formation, it announces to the general public
the act of formation. Finally, your new company will need to register
immediately with the National Tax Register Authority.
The costs involved are: 3,500 leva = 70% share capital. Administrative
costs (payable to the state & registration court) are 250 leva (just
over ¦pound;70). This is the minimum capital that you need to raise
for registration. Once the entire share capital has been paid up these
funds can be accessed and withdrawn.
The process of forming your company can take anywhere between a few
days to a few weeks.For a fee of EUR700.00 we can help to set up a company
and complete all the above details on your behalf. Real Estate Tax Summary
Transfer taxes
Apart from corporate tax (15% in 2005), no other direct taxes are levied
on the transfer of real property. The transfer is, however, subject
to notary and municipal fees. The notary fees are paid on the higher
of the market price or the book value of the property at varying rates,
with the maximum being BGN3,500 (about EUR1,750). In addition, 2% of
the market value of the property is paid to the municipality in which
the real property is situated upon completion.
Capital Gains Tax
There is no Capital Gains Tax on the profit when your company sells
the property but the standard rate of corporate tax (15% in 2005).
Local taxes and rates
The owner of a building or a plot is obliged to pay a real property
tax. Where a building is built on a State or municipal plot, the value
of the plot will also be included in the tax base. The tax is equal
to 0.15% of the book value of the property. Arable land is exempt from
local taxes. In addition to the real property tax, owners also pay waste-collection
fees.
Value Added Tax
Transactions with land and lease of property for residential purposes
are exempt from VAT (Value Added Tax), all other real estate transactions
are subject to VAT at the uniform rate of 20%. The buyer/lessee is entitled
to a VAT refund, provided that it is registered for VAT purposes.
Energy House – Real Estates
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OFFER FOR REAL ESTATE INVESTMENT IN
“PALACE HOTEL” BANSKO SKI RESORT, BULGARIA
Price 5 100 000Euro /incomÕ per year - 1 530 000 euro/
With the current offer we propose you a newly completely built
hotel with all indoor furniture and equipment for kitchen and
service rooms in one of the best winter ski resorts of Bulgaria
- in Bansko ... more
info
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Predela Project - 130 000 sq.m will be builded on the next project:
The land is 80,000 sq/m in the Predela district.
The land is located next to the main road leading from Sofia to
Bansko, about 12 km from Bansko.
2 km from the new ski site scheduled for renovation .
7 km from the golf course and 2 km from a reservation designated
from hunting.The Price of the project is:
7 500 000 Euro more
info
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Kavarna project - 60 071 sq.m - land
it will be build up to 90000sq.m .The land is 150 metres from
the Golf Yard and 450metres from the Black sea.The project has
all documentation to start the build up at any time
The price of the project is - 7 000 000 Euro
more info
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Sofya - TOP CENTER - 33 000sq.m land
Offer for building plot with all possible communications /general
heat connection,sewage,water, electricity
The plot is 33 000 sq.m and its in the “heart” of Sofya /near
Stochna Gara Square/.It has a urban planning for building a MALL
/ business center/ with building area of – 80 000sq.m over elevation
zero and 20 000sq.m for underground garage
The Plot has outlet on the Slivnitza blvd and Industrialna str.
The Urban planning can be changed for a building area more than
150 000 sq.m more
info
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Super Luxory Hotel in Bansko
lies in the outskirts of the beautiful Pirin mountain and is
situated near the heart of Bansko’s old town.The harmony and the
tranquility of Bansko and the unique design of the hotel make
the vacation ot it visitors unforgettable!The hotel offers 220
beds – 89 double rooms and 10 maisonnettes. All rooms are equipped
with satellite TV, telephone, mini-bar, bathroom (with shower
cabin/bathtub).It has features a unique SPA center with swimming
pool, massage, aroma therapy, solarium, sauna and steam bath (with
private zone) more
info
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Sofya - Borovo district
Offer for building plot - 9000sq.m area with all documents for
civil buildings with 28 000 sq.m / design plans and all licences
needed for building the project/ and 8000sq.m underground garages.The
plot is situated in “Borovo” district in one of the most quickly
developed areas in Sofya.
Blvd. Bulgaria connect You to TOP centre of Sofya for 3 minutes
/NDK , Vitoshka Str./
Price 7 200 000 Euro more
info
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Sofia - Gorna Bania district
Searching for cooperation for building 60000 sq.m residentail
buildings.Our agency helps investors to work in team with other
representatives interested about working on one project.We can
give you this project for building it and as compensation must
give to the owner 28% of the build area.For more info - contact
us
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Sofya - TOP Center
Offer for building plot with area of 3800sq.m in the top centre
of Sofya, with a outlet to Todor Alexandrov Blvd with urban planning
for building a 14 000 sq.m Bussines centre / MALL/ building area
over elevation zero and 4000sq.m for underground garage / general
heat connection , gas , water ,electricity and sewage /
Price 11 500 000 Euro more
info
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Super Offer - In the most attractive location in Sofya
Administrative building-OFFICE CENTRE / MALL / Hotel
Location - "Lozenetz" district
Area-6 700sq.m over elevation zero + 2000sq.m garages
The building will be finished after 2 years / 2008 Jan/
The Price is 12 000 000 Euro
The rent price for the region is 20-30Euro/sq.m
For more info - contact
us
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Office Building with lodger with rent of 15 000Euro/month
Office Building in the top centre of Sofya with 3200sq.m builded
area near'Stochna gara-square'.The building has 27 parking areas
,50 office spaces and 8 WCs - 2 to each floor
The Price of the building and the land of 1700sq.m is 2 300 000
Euro more
info
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Perfect Location - 1000 metres from Top Center of Sofya
Building plot with area of 84 000 sq.m near Sofya centre – best
for power center with big outlet to Nesho Bonchev blvd.It has
general heat connection , gas , water ,electricity, sewage
Can be sold by pieces 15000 + 15000 + 54000sq.m
Price 60 Euro / sq.m more info - contact
us
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Location - Sofya - bul.Tzarigradsko Shose / Top district/
Land - 2870sq.m with all permissions for building Administrative
building with 17500sq.m builded area.The project has all paper-works
to start the process of constructions
The Price of the project is - 3 500 000 Euro more info - contact
us
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"Saint Vlas" - Black Sea coast /first village near
Sunny Beach/
Land - 9000 sq.m on first line to the sea in regulation.For building
vacation-village with 15000sq.m build up area.
The Price of the land is 2 100 000 Euro more info contact
us
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Land in "Bansko" - the best ski-resort in Europe/
We offering to You land in one of the best areas in Bulgaria
- "Bansko" town.More information about Bansko can be
seent hare...
Land with 1800sq.m area in the "heart" of Bansko only
for 270 Euro/sq.m
Best for building Hotel or Residential Apartments with easy access
to ski-lift lines.The Price of the land is 486 000 Euro more info
contact
us
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Land in Bansko - The four seasons health resort - skiing, Golf
and Fishing paradise
Land - 10000 sq.m with admission on the Dobrinishte - Bansko
road / can be build more than 13 000sq.m build up area/
The Price of the land is only 1 000 000 Euro / the selling price
is 1000Euro/sq.m off-plan buildings /more info contact
us
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Land in Bansko - The four seasons health resort - skiing, Golf
and Fishing paradise
Land - 3000 sq.m in one of the top areas in Bansko "Gramadeto"
district - the selling prices in off-plan in this area is between
1200 and 1500 Euro/sq.m.Our special price for the land is only
190 Euro/sq.m
Or 570 000 Euro more info contact
us
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The best Offers for Apartments Offices
and Houses at Bulgarian Real Estate Market are here
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If You do not find your property investment see also - the best offers for flats,houses and land.Or just what You want and We will find it very quick - because
We can do it!
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