First you must determine whether the sale is with land. If you purchase land, a company needs to be incorporated. Under the Bulgarian Act of Foreign Ownership, foreigners are not allowed to own land as a private person, but they may own buildings. Foreigners can however purchase land which can then be registered as a company asset, or in other words, you can represent, manage and own a company which will hold the property. If the sale is without land, no company is needed and in that case your Identity Document (Travel Passport) and it’s legalized translation is the only required document. In the event there is a necessity for company incorporation, apart from you personal Identity documents, you will be asked to ensure the Decision of the Court, produce a Company Certificate, Tax Certificate and Bulstat Certificate. In any of these cases once you have signed the Title Deed and received it notarized and registered by the Property Register you will need to record the property as a company asset in the correct tax department.
