In case you are a foreign citizen, or a person close to you who is a foreign national wishes to acquire immovable property in the Republic of Bulgaria, that person should contact a lawyer who can examine all documents relating to the transaction and carry out the necessary actions in order to protect the interests of the buyer.
In case a foreign company wishes to invest in the Republic of Bulgaria, we could prepare a preliminary analysis, make recommendations and undertake the complete legal servicing of the transactions.
We provide consultations and comprehensive legal services to foreign citizens and investors, and you may contact us in the following cases:
○ Legal advice when choosing the most appropriate form for carrying out the specific business activity in Bulgaria (choice between the different types of commercial companies, a branch and a commercial representative office), assistance in establishing an organisational structure in the relevant legal form, preparation of the incorporation documents and all other related documents.
○ Consultations regarding the purchase and disposal of immovable property in the Republic of Bulgaria by foreign citizens – natural persons or foreign companies. Obtaining documents, examination and analysis of the available documents. Preparation of notarial deeds, provision of assistance and/or representation before a Notary Public and state authorities or local administration authorities.
○ Comprehensive legal representation of foreign nationals and registration of companies in Bulgaria, a branch of a foreign company, assistance in obtaining temporary or permanent residence status in the Republic of Bulgaria.
○ Consultation and assistance in carrying out all necessary procedures after acquiring ownership – procedures before the Registry Agency, the Municipal Agriculture Office, the Cadastre, the BULSTAT Register and other state and municipal authorities.
○ Provision of a physical address and telephone number in the Republic of Bulgaria, a virtual office, a registered office and management address, receipt/sending of correspondence and comprehensive representation through an authorised representative.
We offer legal services to foreign nationals, namely:
○ Preparation of a preliminary analysis for a specific commercial field /Due diligence/, including an examination of all regulatory and administrative requirements.
○ A lawyer dealing entirely with and responsible for the commercial matters of the respective client.
○ Meetings outside the law firm’s office, related to the individual needs of the client.
○ Comprehensive servicing and management of the trader’s processes /after receipt of the relevant power of attorney/, examination and preparation of corporate resolutions and internal organisational acts of the commercial company.
○ Monthly subscription-based services tailored to the individual needs of the client.
○ Daily monitoring and control of the records in the Property Register at the Registry Agency and the Commercial Register, and immediate notification upon the submission of documents for changes in circumstances, for the purpose of preventing the “theft” of a company or property while the owner is abroad.
○ Provision of a postal address in the Republic of Bulgaria, a registered office and management address of the company, with a secretary responsible for the client’s business.
In case you are a foreign national and wish to settle in Bulgaria, you should bear the following in mind:
You have the right to stay in the territory of the Republic of Bulgaria for up to 90 days in each period of 180 days, i.e. for every 6-month period, you may stay in the Republic of Bulgaria, after which you are obliged to leave the territory of the country in order to comply with the legislation.
In case you originate from a country which is not a Member State of the EU, you may apply for a long-term or permanent residence permit. The difference between the two comes down to the requirement that you must have lived in the territory of the country for 5 years in order to be entitled to apply for permanent residence.
In case you are a citizen of Ukraine, you have the right to benefit from the facilitated conditions for visa-free stay in the territory of Bulgaria for a period of 90 days in each 180-day period. This is due to a concluded visa liberalisation agreement. You must hold a passport containing your biometric data in order to benefit from this facilitation. As regards long-term and permanent residence, Ukrainian citizens are required to hold a Type “D” visa. It gives the right to multiple entries into the territory of the Republic of Bulgaria, and the application for it is submitted to the diplomatic and consular representations of Bulgaria at the applicant’s permanent place of residence or to representations accredited by the state and located in neighbouring countries. The period for receiving a response concerning the issuance of the visa is between 30 and 40 days. However, further requirements expressly listed by the legislature must also be met.
Our law firm may assist you with:
Consultation in accordance with your country of origin and the documents in your possession;
Preparation of an application and subsequent documents for applying for a residence permit /long-term or permanent/;
Consultation in the case of the “Family member of an EU citizen” category regarding the documents required in such a case;
Consultation in accordance with the national legislation of the Republic of Bulgaria and the European Directives and Regulations regarding the conditions for residence in the country.