Bulgaria has very liberal foreign investment laws regarding real estate. According to the Bulgarian Constitution and legislation, foreign persons and companies can invest in real estate in Bulgaria either personally or through a local legal entity. Generally speaking, foreigners as persons can acquire only buildings but not land. Only Bulgarian citizens and legal persons (including such with foreign owner) can obtain the ownership of Bulgarian land.

Therefore, the most popular and preferred ways to become a real estate owner by non-residents 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. All you need is a good solicitor or barrister at law.

Of course, there are other ways to do it, like:

• Establishing a joint venture with existing local companies
• Setting up a new venture
• Acquiring a company through privatisation
• Making a portfolio investment

Foreign organizations have the right to open bank accounts denominated in a Bulgarian or foreign currency. There is also no limit to the company stake they possess. Moreover, there is a special regime of respect towards the foreign investors on the part of the Bulgarian legislative system, which is a gesture of tolerance to those, who are interested in Bulgaria and are willing to benefit from its future.

Georgios Manolis & Sons Real Estate is here to help and organize the whole process of acquisition and/or sale for you from the start to the very end. The service will be undertaken by a Bulgarian lawyer, a Bulgarian accountant, both experts in Bulgarian real estate and real estate specialists who will provide you with a professional help in the field you need, including:

• Travel arrangements when arranging viewings of Bulgaria real estate
• Own cars for visits to real estates in the country
• Advice on any property topic that intrigues your attention
• The best relation between price and quality of real estate achieved by professional negotiations
• Registrations of mixed and foreign companies
• Property management