Can foreign nationals own property in Bulgaria?

Yes foreign nationals can own property in Bulgaria.

Can foreign nationals own land in Bulgaria?

Foreign nationals aren’t able to own land in Bulgaria directly - this law is liable to change in the next few years. Meantime this obstacle can be overcome by incorporating a business in Bulgaria and owning the land as an asset of the business.

How can be established an enterprise with foreign investment in Bulgaria?

Foreign investment typically assumes one of the following forms: establishing a joint venture with existing companies; acquiring a company through privatization; setting up a new (green field) venture or making a portfolio investment.

Are there any restrictions on buying property in Bulgaria for a foreign national?

There are no restrictions on buying property in Bulgaria for a foreign national excluding purchase of land (you need to set up a local company for this). You can buy as many apartments in Bulgaria as you can afford!

How long does buying a property in Bulgaria take?

Buying a property in Bulgaria varies depending upon the type of property you buy (villa or apartment), also if the property is new or re-sale. For properties for sale with land you would need to incorporate a limited company in Bulgaria, which takes time. Generally it will take 10-15 days to buy a property.

What are the procedures when buying a property in Bulgaria?

The procedures vary depending upon the type of property you buy - villa or apartment. Foreign nationals cannot own land in Bulgaria directly. This means that a lot of properties for sale in Bulgaria require limited liability company incorporation before you can proceed with a purchase. This law is likely to change in the near future to comply with EU legislation.