Bulgarian Property FAQ.
Is it possible after the company is already registered to add another partner?
Once the company is registered we can always add a new partner. There is no problem a Single Person Limited Company to be turned into a Limited Company for example.
What happens with the property if the company is Single Person Ltd. and the owner dies?
According to Bulgarian law, companies are inherited as any other personal possessions. If you have SP Ltd. and something happens to you, your children and your spouse will inherit the company.
Why so many people want to buy in Bulgaria?
As Bulgaria is already a NATO member and have become EU member in 2007, the country becomes more and more attractive for rural and holiday tourism. The reasons are mainly: wonderful nature, very low property prices, excellent service quality, stable economy and much more.
What are the options for rebuilding a property after buying it?
Our main goal is to serve our clients in the best way. That’s why we provide all possible services: transport, estimation, legal advices and of course building and renovation. We provide a team of building specialists, architects and builders, who will be happy to assist you.
If my property is insured and something happens, what’s next?
If you possess a property and it’s insured, you have nothing to worry about. In case something happens, the insurance company will send an agent to estimate the damages, and you will receive compensation corresponding to the estimation.
What is the procedure with the preliminary contract?
When you send deposit to reserve a property, our lawyers sign a preliminary contract with the owners. The usual length of a preliminary contract is 30 days. If during these 30 days the seller decides to quit from the contract, he is obliged to give back DOUBLED deposit! If the buyer quits – he loses the deposit he has made.
How can we move permanently to live in Bulgaria?
Moving permanently to Bulgaria is not a problem after 2007, when Bulgaria has become member of the EU. If you need further assistance our attorneys will be happy to advise you step by step in the process of becoming Bulgarian.
If you have any questions please do not hesitate to contact us!
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