We are receiving a lots of request daily and many of them are namely – “Do I need to form a company to buy a private house with land?”
This force me to give you a short description about the topic.
And so in the nearest past foreigners needed to establish Bulgarian company in order to buy a house with land. Where this rule was stated?
By signing the Treaty of Accession to the European Union in 2007 was established 5-year memorandum under which foreigners could not acquire land.
As of January 2012 this should be possible for EU member states, since the 5 years term moratorium expires. This is valid except for agricultural land and forests where the moratorium applies for 2 more years.
Is there are still some restrictions or any foreigners can buy a land freely?
No, there are still some restrictions to buy a land without to form a company:
1. Be a EU citizen
2. The property is not agricultural land or forest.