News From The UK

I have just been informed that the press in the UK are saying that 1 in 3 people are looking to move abroad. I have to say, I do not blame them. If they want a better, quieter way of life then now is the time to be moving.
Although properties in the UK are going through a rough spell and the Euro is stronger against the pound, properties here are still very well priced. In fact I am still able to negotiate on the advertised prices.
Not all news is bad news, we live a very comfortable lifestyle here without worrying about the world credit crunch, you to could be doing this. Why not make the move now!

British Television

I am pleased to announce that I can now recommend a TV engineer who can get British TV channels to Bulgaria. These include, Channel 4, ITV, Sky, Sky Sports, Sky Movies, Premier (German) Movies and many many more channels.
Last evening we sat and watched Emmerdale, I know it's wrong, but it had to be done.
So if your longing for those lost programmes and fed up with sub titles on ITV Partners or the like, let me know and I will put you in touch.
There is only one issue, you must be able to get the internet at your house.
Cost, as of today, instalation to include the dish, receiver and set up, is 600 Lev. Then there is a monthly premium of 40 Lev, but this does give you a vast range of channels to choose from.

Dental Care

Last Tuesday Sally chipped a tooth, so the next day we made an appointment to see a dentist on Friday. The assistant, Petia, speaks quite good english, but the dentist Villi, does not. However there was no need to worry.
Petia is Veselina's boyfriend's mother, anyone who knows anything about me and my work should know by now how closely I work with Veselina. This is just another example of how she helps us in many ways.
Sally was well cared for, she had to go to the dental hospital for x-rays which cost us £4!!!
Today was a filling day, more expense, £7 including the pain killer!!
Next week Sally has to have a filling followed by a crown, this is going to cost another £65.
I spoke to my father who has just had a check up and a small filling in the UK, it cost him £72. Rip Off Britian.
So if anyone has any need for a good dentist please let me know, we know a very good one.

Company Set Up

Well this week has been a good week in Bulgaria. I have had some new clients over looking to buy a property ready to start a new life away from the "rat race". Nik and Joanna along with young Dan were looking for a property to renovate and place their style on it.
As your aware if you have read my blog, it is necessary to open a company with a company bank account to show you have funds to run a company. During the summer it was taking around 40 days to open a company and have it registered, then around September it was approx. 14 days.
This week, thanks to the lawyer I use, Mr. Kiril Anev, we managed to open a company in ONE day! This is truly amazing, and I thank Kiril for his help.
This means that we can close the deal and get the new title deeds to the property selected within a week.
Compare this to the way deals are done in the UK and let me know if you agree that this is a much simpler method of buying property.

Renovated Properties

I am always showing people around properties for sale which require renovation works. Some have the ability to see the potential of a place others need a littile help. When veiwing here the properties are not looking the same as you would expect in the UK.

However after some work they really do look great, make sure you have the work done right the first time and try not to cut those corners to save a few quid.

Here are some pictures of houses that have just been renovated, you will see for yourselves how good they look.

So do not be put off by those overgrown gardens or the poor decor inside.

Driving To Bulgaria.

Many people drive over to Bulgaria. There are great debates as to which is the best route to take, everyone has a reason for the way they choose.
I like to use the Channel Tunnel, it gives me a small break from driving and it is right on the doorstep of Cite Europe shopping centre. It means I can go and get some goodies for the drive. Then on through Belgium, Germany, Austria, Hungary, Serbia and into Bulgaria.
I choose Serbia because the roads are so much better, this means a faster time, but beware, as Serba is not in Europe you will need to have insurance to cover you for your use of their roads. You can buy it on the border, it is usually around £100 for a month, this is the least amount of time you can purchase. Also Serbia is the only place where we had to pay a road toll, it was only 15 Euros in total, but you must have this in cash.
I use a sat nav system to keep me on the right track, I purchased it before we drove over and is so easy to use. I would recomend getting one to everyone making this journey. It saves all those conversations about who told who to take which road, which turned out to be wrong!
Things to remember before setting off.
A green card is vital, this shows you have car insurance for Europe.
A first aid kit, fire extinguisher, GB sticker, red warning triangle for breakdowns, headlamp beam deflectors to send your headlamp beams in the opposite direction to the UK.
Always check your oil, water, spare tyre and make sure your car is serviced ready for the long drive.
Equally important to remember, this is not a race, take your time, four days is still a lot of driving if your only used to doing 10 -15 miles a day! 500 miles is hard work. Enjoy the trip, stop off often and drink a lot of fluids.
Make sure you passengers have something to do, the driver must concentrate all day, so cannot be concerned by passengers being bored etc.
I would do the trip again, but I love driving so it makes it easier for me. The lady I have just driven over, only drives short distances so knew her limitations. We got on really well and enjoyed the trip.
Currency is the last thing to think about. Take plenty of Euros and some Lev, all countries take the Euro, Serbia does, but not in the smaller villages, as your not in the country long it is not worth getting any Dinar.

Satillite Television

For those of you who still require the "fix" of UK television like myself, then I have news for you!
I have now found a company who can set up and install a satillite connection that will provide channels like, ITV, Channel 4, all the freeview channels and Sky Movies, Sports etc etc.
There is a one off cost for the dish, reciever and installation, then a monthly fee to get around 6,00 plus channels from all over the world.
Cost's depend on the package you require, you may even choose to go for just the freeview package and pay a one off fee.
If this sounds interesting to you then let em know and I will pass on contact details.

Heating

One thing that should be considered when buying in Bulgaria is how are you going to heat your new home?
Heating is not optional, the winters here can get as cold as minus 20 degrees, you need to be prepared. The cold weather usually starts around the end of October, chilly, rather than cold, but the heating maybe needed, until March.
The options are:-
1/ A wood burner (Kamina) heating hot water pumped around the house to radiators, this system can also be connected to a water boiler to heat your domestic water when your Kamina is burning.
2/ Air conditioner units in different rooms, these can be used in the winter to provide heat as well as in the summer for cool air. The only issue with this idea is that if there was a power cut in the cold winter, you could be very cold!
3/ A small wood burner in your lounge that just heats that room, then mobile gas heaters that can be moved around the house to where you need heat. Almost everyone here has these heaters, they can be used just for a small time in the chilly evening or morning to take the chill off of a room, it saves lighting the Kamina.
4/ An electric heating system providing heat to radiators. This is the most expensive system to have as electricity is not cheap. Oue house already had this system installed when we bought it, the bills in the early winter months were high, so we have had a Kamina installed as well.
So if you choose a wood burner how much will it cost to run? Wood is 55 - 60 Lev (£20 - £24)per cubic metre, a good guide is that you'll need between 10 and 15 cubic metres per year, depending on the weather, coal is a good idea to have in as well, this costs about 6 Lev (£2.40) for a 20 Kilo bag, a guide would be about 30 - 35 bags per year.
Instalation cost's.
1/ Kamina and radiators cost from around 7000 Lev (£2,800) depending on size of Kamina required and how many radiators needed.
2/ Air conditioners start at about 600 Lev (£440) each, then the instalation cost is about 50 Lev (320) each.
3/ I am sorry, but I do not know how much the electric system costs, I would not recommend this system due to the running costs.
I hope you find this artical useful when deciding on heating.

Financial Planning

When you are thinking of leaving the UK to live abroad, one of the subjects you need to address is your finances. Many people talk to their bank or to their building society. Others speak to their financial advisor. This makes perfect sense because it is important to have your financial affairs in order so that you your financial security is assured.
I work very closely with Jason Ritchie a partner of St James’s Place Wealth Management, one of the UK’s largest and most respected Wealth Management companies. Jason is able to provide specialist, bespoke financial advice to non UK Residents, taking into account tax and non residency issues. Jason is able to help individuals in deciding the best place to deposit their money. St. James’s Place has offices located across the whole of the UK and has a huge amount of experience in dealing with more complex financial situations. The company were awarded the Daily Telegraph Wealth Manager of the year award for 2007 and picked up the same award with the Financial Times and Investors Chronicle for 2008. This recognizes the quality of the brand you are able to take advice from.
Jason is able to advice on Pensions, Investments, Off Shore Investment Strategies and Inheritance Tax Planning. It is possible to meet with Jason either in the UK, or in Bulgaria, where he visits quarterly to visit his existing clients, which include myself.
Everyone, I believe has the right to good quality financial advice and to benefit from a long term trusted relationship with a highly qualified advisor which ensures that their financial position is kept under close scrutiny and constant review. Take the opportunity to speak to Jason, he can be contacted by telephone on (0044) (0) 7917808289/ (0044) (0) 1225860126 or email Jason.ritchie@sjpp.co.uk.
Please let him know that you found him via my blog site, this helps him in understanding how new clients have found him.

Orphange

Here in Bulgaria there are several orphanges which find it hard to find clothing for the children. Last xmas a couple of my friends and ex-collegue at Remax, Vesalina and Tania set up a fund raising project to try to get enough parcels of toys or clothing so that on xmas morning every child in one orphange would have at least one present to open. This was a great success.
My wife Sally, has continued to save old clothes and has made new blankets etc ready for this year. She has help from her mother and sister in law (Jean) who both regularly send over parcels in the post.
If there is anyone else who would like to help us in this effort, please feel free to email me and ask for our address, or if anyone is coming over, goods can be brought in and stored with us until xmas.
Clothes should be for ages 1 month to 4 years old, we see this as a small way to put something back into the local community.

Why do agents show a lot of properties?

I have been told several times by clients that they have tried to deal with other agents, but have been driven around all over the place only to find that most of the properties are unsuitable to their requirements. Why is this?
Well, there are two reasons why this can happen. Firstly, they are poorly trained or inexperianced and are asking the wrong questions when qualifying clients, or if the client does tell them what is required they do not listen. Secondly, most agencies here charge for viewing trips, this is understandable as most of the properties are spread far and wide, but this charge not only covers the fuel, it also helps to cover some salary expenses! So if your being charged 40 Euro (approx. 80 Lev) per day, the fuel is around 10 Euro (approx. 20 Lev) you can now see why if you do not buy from these people they still get a wage.
I do not charge for viewing trips! The reason is that if I qualify your needs correctly, we should only be looking at around 5 or 6 properties, unless you want to see more of course. Then we can take time to look at other things like maybe kitchens and heating etc.
In the UK most agents viewing to sales ratio is around 22-1 currently, so people view 22 properties before choosing one, here the figure is much the same I guess. But I do not want to waste your time, so I will only show you what is relevent.
I will also negotiate the purchase for you, I should be able to save at least my sevice fee, as I am very experienced at this practice and more so than most agents here, I feel you can only benefit from my service. If anyone needs to talk to any recent clients of mine I am more than willing to pass on contact details so you can talk directly to them.
I hope this answers the question and some others too.

Buying in Bulgaria

Many people do not realise that when you come over to Bulgaria to buy a property what you need to have with you. So I would like to let everyone reading this know exactly what to have.
Before leaving the UK, register with a money exchange company, I have found World First to be the best so far, Miranda Kelly is very good at her job and can help you get sorted. Her number is 0207-8011062.
After arrival, I recommend opening a bank account, this can be in Euros or Sterling. This will mean depositing around 25 Euros to open the account, then when monies are required from the UK, it can be transfered into this account.
When a property has been reserved, outgoing expenses are as follows.
1/ 10% deposit to reserve the property and have it removed from advertising.
2/ 550 Euros to set up a company. To have a property with land it is required to have a company, if you want just an appartment a company is not required. Think of a name to call your company.
3/ 5000 Leva (around £2,600) to place in a seperate bank account to show you have funds to operate your company. This money can be used to help pay the balance of the property when the company is set up. The company set up can take around 7 - 15 days at time of writing this.
4/ My commission, sorry but I have to live! So I charge 3% of the property value, with a minimum charge of 1,000 Euros.
5/ Decide if you want to come back to Bulgaria to conclude the purchase, or leave a power of attorney, this is the best way, but it is you who decides.
After the company is set up and we can conclude the deal. Costs then are as follows.
1/ Balance of the property cost.
2/ Notary (Solicitor) fees and taxes (like stamp duty), this is dependant on the cost of the property, however around 4% of the property cost is about right.
3/ 50 Euros to have the property registered in your company name. You can do this yourself for free, if you have the time and can speak Bulgarian!
4/ 50 Euros to have the water and electric transfered into your company name, again you can do this yourself, if you have time and can speak Bulgarian!
In all I would suggest that you decide how much you want to spend on your property and then work out how much you need to bring. You could, if your staying for a week or more, open the bank account on the first day here, and having already registered with World First, ask them to transfer monies over. Be aware, it takes 3 - 4 days to get the money over. You cannot go to a bank and withdraw money from your UK bank account with a debit card.
Please take this as good advice, as you could find your new home at risk of someone else buying it before your ready!

Beware Danger In Old Buildings!

This week has been eventful, to say the least. A friend of mine has a property that he is looking to sell and asked me to take a look, we arrived in this small village around 15 kilometres from VT.After entering the garden, I saw this lovely stone barn, it would make a fantastic development, too many ideas for it! However the floor level inside the barn is apporox. a metre lower that the ground level outside, so there are wooden stairs down, I proceeded to step down and the second step collapsed beneath me, I fell through the stairs and landed on my side on the stair string. I was and am still, in a lot of pain.
I (as a man) decided not to go to the hospital, it'll be alright I thought. Yesterday I was hurting so much I thought, best go to the hospital now then. The hospital looked like something left over from the second world war! old equipment, old buildings etc. but the staff were very helpful and I was een within minutes. The outcome? Well badly bruised, nothing broken, take it easy, as if I have a choice int he matter!
Moral of this story, do as we did, when you leave the UK, make sure you have good travel insurance for accidents, if your coming here to live bring your E111 cards.

Easter

Well we are having Easter this weekend in Bulgaria. Sally went into Veliko Tarnovo to visit our good friend Veselina, who sugested that Sally might like to help paint some eggs! This is a Bulgarian custom we came accross last year, you boil eggs and whilst they are still hot you paint them. They dry and look lovely. Over the Easter weekend you may get visitors, ie. your neighbours and friends, they also bring eggs, the idea is to hold yours above the visitors and bash them together, the one that is still whole is the winner, the other egg gets eaten!
You must watch out for the pratical jokers though, some of the eggs are wooden, or worse still, raw!
Sally has made 12 eggs, so keep an eye on my diary page to see if we get any visitors.

Bulgarian Builders

I had a question asked me today, could I recommend a builder? The simple answer is no! mainly because if I recommend someone and they mess up, the person comes back and says, well you said they were good.
I would say the way forward is to select a few builders and ask them to give you a quote, ask to see some of thier work at other properties, speak to the owners to see if they were satisfied. Get a contract signed between you and the builder and have it checked and signed by a notary.
Do what you would have done in the UK. Look around and check, ask other people who you know, maybe they have heard about the company you are considering.
Be aware, some companies say they are English builders, then employ Bulgarian labour! I am not saying Bulgarian builders are bad, but they do not know the kind of standards we are used to.
Be very watchful of your chosen builders, if your not here in Bulgaria, get a project manager to keep them on track.
I hope this saves some other people the heartache we and others like us have suffered.

Renovated Properties

Here in Bulgaria, many estate agents offer thier properties as "renovated", please be aware that this often means that it has been emptied and painted white inside and out. If you purchase this kind of house, you will still need to install kitchen units, a bathroom suite, new windows and maybe internal stairs.
Read the details very carefully as often downstairs rooms are often described as bedrooms, when we from the UK, would use the downstairs rooms as a lounge and maybe a dining room. Unless the details state there is a particular item there, assume that there is not. Always ask before you go to visit.
Traditionally Bulgarians use an outside kitchen during the summer, long hot days and evenings encourage you to eat outside, maybe under your own grape vines, and only sleep inside at night. During the cold winter months, it is common that only one room would be used for cooking, eating, watching TV, and sleeping. This is because it is expensive for the people to heat the whole house.
If the details say three rooms upstairs, there is usually enough room to put a set of internal stairs up into the hallway. The rooms will be two bedrooms and a small one suitable for a shower room, it may be possible to have a bath.
Most British people have a wood burner installed, attached to radiators around the house, so you burn wood which costs 40 Leva per cubic metre, the avarage usage for a winter is about 12 - 15 cubic metres. Also coal brickettes are good to burn, they cost 5 Leva per 20 kilo bags. We use this method as the electric is more expensive in the winter months. It is nice to see a living flame.
However, with the summer approaching fast now, we are looking forward to sitting outside in the evenings and having some BBQ's.

Think:- What could Bulgaria offer you?

Could you be interested in a holiday home in the country or a seaside apartment which could be rented out for an income, when your not using it. How about a ski resort location? Did you know that Bansko in Bulgaria is the only Eastern European resort offering to guarantee snow for five months of the year, can you imagine, knowing when you book your winter holiday that there will be snow, no need to keep checking the local weather conditions.

Now is the time to invest, last year (2007) according to the Frank Knight report, Bulgaria had the highest growth rate in the world at 30.6% and set to do around 20% this year (2008). With prices in many other countries including the UK stabilising or worse, you should take a careful look at Bulgaria. So many investors and new companies opening their doors here, don’t be left behind.
Millions of Euros are being pumped in Bulgaria from the EU, new road improvements, new airports opening. Low cost airlines already operating regularly from the UK, it makes a weekend away very achievable. Another airport at Gorna Oriahovitsa only 20 kms from Veliko Tarnovo opening soon and a new link road connecting Varna and Sofia, this area in particular is set to rocket in value.
Do not put off the decision any longer. E-mail me your requirements or questions, change your life forever.

Veliko Tarnovo, the old capital.

Veliko Tarnovo is one of the most ancient Bulgarian towns. The picturesque situation and panoramic view of the town, its rich cultural and historical heritage wins Veliko Tarnovo the recognition as a historical, cultural and tourist centre of contemporary Bulgaria. The town was founder of the foot of the Northern Fore - Balkan Range. Historians date it back to the 4th millennium B. C. The town of Veliko Tarnovo had inherited centuries-old Prehistoric, Thracian and Antique culture and in 1185 it became a centre of the Bulgarian Uprising against Byzantine domination and the capital of the restored Bulgarian state. The medieval town of Tarnovo was rapidly expanding and developed into the strongest Bulgarian fortress during the 12-14th centuries. It becomes the most significant political, economic, cultural and religious centre of Bulgaria. The Tarnovo Schools of Literature and Arts were established and developed here. Remarkable architectural monuments were created; miniature and monumental painting, literature; plastic arts and crafts achieved high artistic level.



During the 15th-19th centuries period Tarnovo was a symbol of the former Bulgarian state system and a stronghold of the Bulgarian national spirit, a leading centre of the struggle for cultural independence. During the Bulgarian National Revival period in the second half of the 18th and the 19th centuries the town was an important administrative, trade and industrial centre. The rapid economic boom was set as a favourable premise for a dynamic cultural and educational process. Unique monuments of the material and spiritual culture were created.

After the Liberation from Ottoman domination in 1877 until the wars in 1912 -1913and in 1915 - 1918 as a historical capital Tarnovo played a significant role in the political, administrative and cultural formation of independent Bulgaria. In 1879 Bulgaria was restored for the second time. Then the Constituent Assembly drafted the supreme fundamental laws of the nation - the Tarnovska Constitution in the hall of the former Turkish konak (municipality building). The 1st, the 3rd, the 4th and The 5th Grand National Assemblies (in 1879, 1887, 1893 and 1911) were held in Veliko Tarnovo.


In 1990 The 7th Grand National Assembly was established in same Town Hall where the Constituent Assembly was in session in 1879. The 7th Grand National Assembly drafted the new Constitution of Bulgaria - the nation’s fundamental laws for modern democratic changes.

Modern Veliko Tarnovo is a town - museum rich in many cultural museums and monuments and architectural preserves. Every year the town is visited by thousands of tourists from Bulgaria and from abroad. It is a prime concern of the whole nation to study and preserve the numerous historical and architectural monuments, the rich museums and the museum stock.

Food in Bulgaria

Bulgaria's cuisine is influenced by the neighbouring Balkan countries of Serbia, Macedonia, Greece and northern Turkey.

Traditional food includes bread, pickled vegetables, salads, soups, stews, casseroles, stuffed vegetables, kebabs, spicy sausages and cheese dishes. Yoghurt is very popular and eaten most days. In fact, Bulgaria is said to be the home of yoghurt and Bulgarian yoghurt is thought to have curative properties.

Pork, lamb, beef, chicken, fish and vegetarian dishes are served with staples such as rice and bulgar wheat. Vegetables include aubergines, beans, cabbage, carrots, corn, courgettes, cucumbers, lettuce, mushrooms, onions, peppers, potatoes, tomatoes and olives.

Favourite desserts are pancakes, baklava, baked apples and fresh fruit: apricots, blueberries, blackberries, cherries, grapes, melons, raspberries, strawberries, peaches, pears, plums and quinces.

Traditional alcoholic drinks are rakiya (a fruit brandy, often plum), wine and boza (a type of beer made with grain, usually millet). Non-alcoholic drinks include coffee, tea, juices, buttermilk and mineral water.

Prices in Bulgaria

The unit of currency in Bulgaria is the lev, divided into 100 stotinki. The nominals are: Coins: 5, 10, 20, 50 stotinki & 1 Lev; Banknotes: 2, 5, 10, 20, 50, 100 BGN

Visitors from Western Europe and America find prices in Bulgaria 2-3 times cheaper. For example a beer is about 0.5 €, a bottle of excellent red wine is 3 €, a dinner in good restaurant is 6 € a person. Craft souvenirs, textile, shoes etc. are also good purchase but be careful not to mix them with the cheaper and low quality turkish immitations.

In big shops and hotels, you would not have a problem paying by credit card (Visa, MasterCard, American Express, Diners Club, Access and Airplus), however in small restaurants and shops it is advisable to have cash in hand.

Why choose Bulgaria?

Bulgaria is known for its mild climate, which it enjoys most of the year. The summers in Bulgaria are hot on the coast. Because of this favourable climate Bulgaria is being sought out more and more as a tourist destination. There has also been a recent influx of airline carriers making flights to and from Bulgaria.

Bulgaria remains a relatively low key and largely unknown country. This fact entices people that like to discover what the country has to offer. Bulgaria offers many cultural and leisure activities as well as great scenery and rustic villages.

Bulgarians are generally a friendly bunch of people. In fact most people you meet in Bulgaria will go out of their way to help you, which makes for great neighbours.

Living in Bulgaria you will notice that the cost of living is relatively cheap, especially compared to Western Europe and the United States. Expat retirees that purchase a home in Bulgaria and live off of a pension are able to live quite well.

If you buy a home in a more tourist area of Bulgaria you may be able to make some extra money by renting all or part of it out to tourists. There is a growing demand for rental accommodations in the resort areas of Bulgaria.

Bulgaria, which joined the EU in January 2007, has so many advantages as a destination for pensioners. It has a vastly superior climate to that of the UK; its beaches and mountains are already well known, but central Bulgaria with its huge areas of unspoiled natural beauty is a hidden treasure.

Buying Process.

Step 1: Plan your trip to Bulgaria. Decide your property requirements and e-mail me the details. I will identify potential properties offered for sale for you to select to view.
Step 2: Contact me for further arrangements. Let me know when are you coming, how long you have planned to stay, your specifications and arrangements, also if your require accommadation to be booked.
Step 3: Arrival in Bulgaria. On your request a team member of my friendly staff can wait for you at the Airport (Sofia, Varna or Burgas). Your next stop is Veliko Tarnovo. Here, your viewing trip's plan will be made according to your requirements. I have negotiated discounts for our clients at Veliko Tarnovo's hotels and private houses, as well as rent-a-car companies. Other discounts are available too.
Step 4: Viewing trips. We advise you to plan 3-5 days to view the properties.During your daily viewing trips, you will be accompanied by one of my fluently English speaking real estate consultants and you will be provided with comfortable transportation. On the property inspections we will also inform you about the region's details.
Step 5: Select a property/properties. At any moment of your inspection trip you can select a property to buy. I will guide you through the rest of the buying process. At NO point you will be urged by myslf or my staff to make a property purchase.
Step 6: Sign a preliminary contract. The preliminary contract is similar to "Sold subject to contract" in UK and is needed to reserve the desired property. It will be signed by the seller and by you. I strongly recommend you to sign such a contract and pay 10% of the asking price of the purchase price in order for it to be removed from the market. This is due to the growing interest in rural houses and possibility that the house may be purchased by someone else. After Your company has been registered , you pay the remainder of the final price of the real estate.
Step 7: Buying property with or without land. According to the Bulgarian Constitution, foreign individuals can buy buildings but not land. The normal practice is to set up your own Limited Liability Company, which will possess the purchased property (land and buildings). It is expected that the law will be changed in 2014 when an LLC will no longer be required, after Bulgaria joins EU fully. As managers of the company, you then own the land and properties.
Step 8: Register a company, I collaborate with a respected law firm, which will advise you on the registering process and prepare all the documents, required to establish your company (Articles of incorporation, Memorandum for appointment of Director/ Directors, Proof that at least 70 per cent of the registered capital has been paid). It is a straightforward process which takes 2-4 weeks. If you require help, I can provide assistance with opening a bank account with 5000 levas (€ 2 500, 1 800 pounds) initial company capital, needed for your company registration. After listing your company with the National Tax Register Authority you can withdraw your money or transfer it to your personal bank account. I will make sure that you are involved with the entire process and will be assisting you along the way.
Step 9: Checks on Title documents, Licence and Permissions, Debts on Titles, Terms of Contract. After you have reserved the property, the lawyer will make checks on property's Title documents.
Step 10: Sign Notary Act (Contract of Purchase) Complete the purchasing process by signing the final legal contract in front of a Bulgarian Notary Public. For this purpose the following fees should be paid that are formed on the basis of the selling price - fee for the tax service which amounts up to 2 % of the property price - fee for a notary.
Congratulations!!! You are now officially owner of a Bulgarian property!