Bulgarian company registration now for 300 Euros!

The registration of a company in Bulgaria is now offered at a lower price of 300 Euros instead of the previous price of 600 Euros. This reduction is due to the cheaper company formation because of the new system of the online Trade Register.

Why need to form a company?
If you are a foreign person, you are still not allowed by the Bulgaria Law to own as a physical person a property which comes with land. Properties that come with land are: houses with gardens, plots and in some cases, apartments which go together with ideal parts of the land the block was built on. The only way to buy a property with land in Bulgaria is by forming a Bulgarian limited company. This is a smooth and straight-forward procedure, which has been used by thousands of foreigners so far.

BULGARIAN PROPERTIES will help you with the registration of a company in Bulgaria.

The company you register will own the property and you will own the company and its assets. There is no need to have a Bulgarian partner or manager of the company – any foreign person can register and own 100% of the shares of a Bulgarian company. It will be a regular limited company, which can also trade and you can do business with it if you wish. Tax conditions in Bulgaria are very favourable for starting a business.

Will foreigners be allowed to own land as physical persons and when?
EU physical and legal persons will be allowed to own land in Bulgaria in the coming few years. After Bulgaria joined the EU in January 2007, the Treaty of Accession of Bulgaria to the EU allows Bulgaria to keep the prohibition for EU physical and legal persons to buy land in Bulgaria for up to 5 years for land and up to 7 years for forests and agricultural land after its accession to the EU. So, it will take a few years more for EU countries’ citizens to be allowed to own land in Bulgaria and in the meantime they can do this by registering Bulgarian companies.

For citizens of countries, which are not EU members, things will probably remain the same as now and they will need to register companies in order to buy land in Bulgaria.

Contact us by e-mail for more information or call us at +359 2 9 11 50

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