real estate Bulgaria

Comments

Charlotte Diaz-Blanchette 23.05.2020 at 18:57

If purchase a property in bulgaria from the uk how does the 90 day Visa work after that. Do you have to leave and cannot return? How about residencey and work Visa . Do you have a immigration information pack of setting up a a business ie cafe or, work in another country but live and invest in bulgaria

Reply

    euroformat.eu 23.05.2020 at 18:57

    Hello Charlotte,
    Purchasing property doesn’t automatically change your immigration rights in Bulgaria.
    Only property purchase (may be multiple properties) for more than 307 000 EUR (600 000 BGN) provides the right to obtain long-term residency in Bulgaria. Please note however that the process is not automatic. Non-EU citizens will have to go through all procedures, apply for visa D, then visit Bulgaria and apply for residency permit. You can read more at https://posolstvo.eu/blog/eu-citizenship-real-estate/
    If you need assistance, please don’t hesitate to contact us.
    Euroformat.eu

    Reply
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  • Stella Watts 21.07.2020 at 18:57

    I want to purchase property in Balchik and relocate as a permanant home,
    I am a pensioner.
    I have no family to leave it in my Will so would I be able to get it sold for beneficiaries?
    Iwas informed l will have to set up a company to buy. Also land is for sale belonging go property how do l purchase include it in the Deed with the house. Can l stay without having to leave after 90 days?

    Reply

      euroformat.eu 21.07.2020 at 18:57

      Hello Stella,
      We are not aware what citizenship you have, which will be the most important in your case. Based on your love of Balchik and your name, we will assume for the time being that you are British. If that is not the case. please let us know.
      Starting from end of this year, you will be considered to be a non-EU foreigner (in all legal aspects). In order to be allowed to stay more than 3 months, you will need to apply for visa D and then residency permit as pensioner. Please be prepared for lengthy and difficult procedures.
      Depending on the precise type of the property, your only option may indeed be to register a company to hold the land. Please note however that the Bulgarian banks will be very reluctant to open you (seed) bank account for your new company, which may result in your inability to register company on your name.
      For your other questions, we will need to know more about the particular property you want to buy. If you need assistance, please don’t hesitate to contact us.
      Regards,
      Euroformat.eu

      Reply
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