| Q1: How can a foreigner establish a company in Bulgaria? |
| A1: Foreign investment typically assumes one of the following forms: establishing a joint venture with existing companies; acquiring a company through privatization; setting up a new (green field) venture or making a portfolio investment. |
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| Q2: Are there any restrictions for foreigners? |
| A2: According to the Bulgarian Constitution, foreign individual persons can buy buildings but not land. Therefore the most common method for foreigners buying property in Bulgaria is to set up a company which then owns the land and the buildings. We expect the law to change as Bulgaria joined the European Union (2007). |
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| Q3: What are the current property prices in Bulgaria? |
| A3: The property prices in Bulgaria are increasing constantly. Check the Properties section to get an idea of what you can get for your money. |
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| Q4: Can foreigners own property in Bulgaria? |
| A4: Yes foreign nationals can own property (buildings, but not land) in Bulgaria. |
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| Q5: What are there any restrictions on buying property in Bulgaria for foreigners? |
| A5: A foreigner can by any property in Bulgaria, excluding purchase of land (you need to set up a local company for this). |
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| Q6: How long does buying a property in Bulgaria takes? |
| A6: This varies depending upon the type of property you buy and if the property is new or re-sale. For land properties you would need to incorporate a limited company in Bulgaria, which takes time. It generally takes 3-5 weeks to buy a property. |
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| Q4: Can foreigners own property in Bulgaria? |
| A4: Yes foreign nationals can own property (buildings, but not land) in Bulgaria. |
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