Buyer's Guide

  The purchasing process of your property in Bulgaria:

  Step 1: Search our offers
Go through CPI's property database, view all the details and pictures provided. Choose your favorite properties. If you need more information send enquiry addressing your questions, suggestions, etc.

  Step 2: Plan your trip to Bulgaria.
After choosing some of the properties offered at County Property Investments' web site, please arrange your travel to Bulgaria. For details check out the Links page.

  Step 3: Contact CPI for further arrangements
Please contact us to let us know when are you coming, how long you have planned to stay, your specifications and arrangements you wish to be made upon your arrival.

  Step 4: Arrival in Bulgaria
On your request a team member of our friendly staff can wait for you at the Airport (Sofia, Varna or Burgas). Your next stop is Veliko Tarnovo and the office of CPI Bulgaria. Here, your viewing trip's plan will be made according to your requirements. We can also arrange your accommodation. CPI has negotiated discounts for our clients at Veliko Tarnovo's hotels and private houses, as well as rent-a-car companies. Other discounts available too.

  Step 5: 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 our 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 6: Select a property/properties
At any moment of your inspection trip you can select a property you wish to buy. Our consultants will guide you to the rest of the buying process. At NO point you will be urged by our staff to make a property purchase.

  Step 7: 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 a person authorized by you.
We strongly recommend you to sign such a contract and pay 10% of the asking price of the estate in order to be removed from the market. This is due to the growing interest in rural houses and possibility that the house be purchased by someone else. After Your company has been registered , you pay the remainder of the final price of the real estate.

  Step 8: Buying property with or without land.
According to the Bulgarian Constitution, foreign individuals can buy buildings but not land. The common 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 2007 when an LLC will no longer be required, after Bulgaria joins EU.

  Step 9: Register a company
County Property Investments Bulgaria collaborates 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, CPI can provide assistance with opening a bank account with 5000 levas (€ 2 500, ?1 800) 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.
CPI will make sure that you are involved with the entire process and will be assisting you along the way.

  Step 10: Checks on Title documents, License 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 11: 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!