Bulgaria is in some ways unique in this series. It has been written by two British people who have lived and worked in Bulgaria for the past nine years. Both have been closely involved with the property business, as buyers, sellers and developers, as well as setting up the first British estate agency.
The rise of the Bulgarian property market has been one of the most remarkable real estate phenomena ofthe past few years.lt has come about for two reasons – the collapse of Communist regimes in Eastern Europe, and the massive growth in the overseas property market
Re registration of companies registered in Republic of Bulgaria under the New Law for the Commercial Register
Under the new Law all companies, and branches of foreign companies listed in the commercial register must be re – registered within three years starting from 01.01.2007 on at the
Registry Agency in Bulgaria.
The country is divided into 28 districts for administrative purposes. A district, or region normally consists of a regional town and the countryside. Districts have a regional governor as well as a local mayor who runs the municipality.
Many people confuse the issue of residence with that of citizenship. If you obtain Bulgarian residence you are still entitled to your British passport and are indeed considered a British national. If you wish to obtain full Bulgarian nationality you may apply to do so but there are limited benefits in doing
The permanent stay certificate (or permanent residence card) is normally applied for after:
• five years of continuous legal residency; or
• marriage to a Bulgarian citizen.
Most property-buyers arrive as tourists. Since Bulgaria’s entry into the EU, i has become much easier for British citzens to visit. Previously, a stay of betwee one and three months entailed applying in advance for a ‘Type D’visa through Bulgarian embassy outside Bulgaria
We would like to proudly present our new attractive suggestion!
It is a large luxury closed-type complex with a unique beach-front location in the south part of Varna. The complex is situated right on the beach and provides fantastic sea view to its residents. The development is 20 min drive away from Varna International Airport and 5 km from the downtown.
The Bulgarian education system offers a reasonable education from infant school onwards, with a very high rate of entry to university. The big drawback, however, is the language. A child from Britain entering the local school system would struggle to keep up initially.
The idea of owning a vineyard is a dream for many people, and one that is quite possible in Bulgaria. Small plots for home produce and commercial vineyards are both attracting investors. There are now one or two agents specialising in such properties, and many rural properties come complete with a small vineyard.