fbpx

Posts

Set up a company in Bulgaria

Limited Liability Company in Bulgaria (Ltd.)

Limited liability company (LLC)  is a type of a capital company which can be established by two or more Bulgarian and foreign physical or legal persons. Set up a company in Bulgaria

The management structure of a Ltd. consists of a General Assembly of shareholders and one or more managers who manage the company and represent it in respect to third parties.

A limited liability company may be formed also by one person and in this case it is a single/sole-member limited liability company (SMLtd) A Ltd. company is established on the basis of a company contract that ought to be concluded in writing.

The name of the company shall contain the words “Limited Liability Company” or the abbreviation “Ltd.”, and should be of a national exclusivity.Set up a company in Bulgaria

The entry of a Ltd. in the Commercial Register is based on an application form. It must be stated personally by the Manager/Managers of the company or a lawyer with an explicit written power of attorney.

Regarding the Bulgarian legislation, only a physical person can be a manager of Ltd.

The manager may be a partner or a third party. There are no restrictions on a foreign person to be appointed as a director of a Ltd.

The capital of a limited liability company cannot be less than 1 Euro (minimum 2 BGN). It consists of the shares of the partners which must not be less than 1 BGN/each.

Partners can bring both cash and non-cash contributions. Non-cash contributions are subject to mandatory assessment by three independent experts appointed by the Registry Agency.

The shares of a Limited liability company are not a  subject to trading. They can be transferred with a notarized contract for transfer of shares.

The one between shareholders does not require a decision of the General Meeting. Otheriwse, the transfer of shares to a third party, as well as the adoption of a new partner does require such a decision.

Rights and obligations of the shareholders

According to the Bulgarian Law, the members of a Ltd. have got rights such as the following: right to dividend and liquidation quota, amoral rights like right to participate in the management of the company, as well as to be elected as a manager.

Immaterial rights include: accessing company’s information, supervising the meetings of the General Assembly, etc. Shareholders have got a financial obligation – it is payment of contributions.

Non-compliance with these obligations could result in exclusion of a partner. Immaterial liabilities include participation in the management of the company, implementation of decisions taken by the General Assembly. Competition is absolutely prohibited both for the partners and the manager. Set up a company in Bulgaria

Registration of a Limited Liability Company/ sole-Owner LLC  

Usually the legal framework for company set up in Bulgaria is following – Commerce Act; Commercial Register Act etc.. The competent authority is the Bulgarian Commercial Register with the Registry Agency.

Now we would like to inform you for all nessesery legal steps of the entire procedure of company registration. Our legal work start from the same beggining of preparation of the paperwork & documents as: 

1) Checking up with the electronic register of the Commercial Register and/or reservation of a business name.

2)Holding of an Incorporation Meeting, adoption of a Memorandum of Association or an Act of Incorporation, appointment of managing director/s.

3)Depositing the company capital into a special capital raising account (the minimum capital amount is 1 Euro (minimum 2 BGN).

4) In case of any specific business, an authorisation by the competent authority shall be provided when filing the documents with the Commercial Register.

The list of the documents, which are required for every company registration is following

– Preparation & drafting of Application form for registration.

– Preparation & drafting ofMemorandum of Association or Act of Incorporation.

– Preparation & drafting of Minutes of the Meeting of Incorporation of the company.

– Preparation & drafting of docuiment for Specimen *(signatures) of all appointed managing directors/ managers of the company.

– Preparation & drafting of declaration pursuant to Article 142 of the Commerce Act signed by each of the appointed managing directors.

– Preparation & drafting of declaration pursuant to Article 141, paragraph 8 of the Commerce Act signed by each of the appointed managing directors.

– Preparation & drafting of Certificate of the deposited capital issued by a bank.

– Preparation & drafting of resolution of the body managing and representing a member who is a legal entity.

–  Preparation & drafting of Certificate of good statement from the relevant business register regarding a member who is a foreign legal entity.

– Preparation & drafting of document evidencing payment of the state fee for incorporation of a limited-liability company.

– Preparation & drafting of declaration under Article 13, paragraph 4 of the Commercial Register Act signed by the applying managing director.

– Preparation & drafting of relevant license or permit according to any special law on the performance of a specific business.

We would like to advise you for the legal terms of the entire registration process : 

For submitting an application for registration or deregistration before the Bulgarian commercial register, we need about 5-7 business days after its acceptance of the documents

Sale of Shares of Common Property

If you are a co-owner of hereditary property and wish to sell your ideal part of it, but you do not want to offer the other co-owner / co-owners, as prescribed in law, then consult an experienced real estate lawyer. We work with excellent real estate lawyers, the best in this area. They know how to solve your problem without circumvent the law.

Sale of Shares of Common Property

Sale of Shares of Common Property

Our experienced real estate lawyer will tell you that according to art. 33 of the Property Act, if you are a co-owner of a property and want to sell your share of it, you must first offer the share of the property to another co-owner or co-owners, if they are several. Only when each of them refuses to redeem your shares, you may sign a purchase contract – the sale of shares of common property of a third party.

Unfortunately, in many cases co-owners of an inherited property, for example, are not in good relationships with each other. Moreover – they often do not even speak to one another. The presence of a deep rift in their relationship is the reason the co-owner who has decided to sell his shares, seeks to avoid direct contact with the other co-owner or co-owners. Sometimes the owners of real property are too many and do not even know each other. This is a common problem in inheritance of property – land. This situation occurs too frequently, but most of our customers do not know that it can be overcome. So if there are any any pressure points associated with the sale of shares of common property or preparation of documents for the sale of the property, contact our experienced specialist. Now you have the exclusive opportunity to receive free online consultation through our website. You can connect with an experienced real estate lawyer if you use the contact form on our website, the e-mail or phone number.

Why to choose us?

International law firm  “D. Vladimirov and partners” has extensive experience in the sale of  shares of common property. Our team of experienced real estate lawyers, completely dedicated to their work, knows the ins and outs that will get you out of this delicate situation. Here you will meet with an effective and lawful method that will accomplish your goal without circumvent the law.

Although the provisions of Article 33 of the Property Act is adamant there is a legal way to prevent offering your share of the property of other co-owners. Here it is: You, as an owner, if you want to make a sale of shares of common property of a third party must first transfer by donating a part of your share to the third party. If you own a ½ share of the property, it can be transferred by donation ¼ of your ½ share of the third party. Subsequently, you will sell the rest of your share to the same third party. This third party entitled gifted ideal part of the property is also provided in the position of a co-owner. Through this quirk you will comply with Article 33 of the Property Act and still sell your property to the person you wanted.

Such action is undoubtedly lawful and does not constitute circumvention. It is a widely used tool for solving problems related to co-ownership of real estate, where the co-owners are not able or willing to voluntarily resolve disputes of that nature.

If you want to get a quick free consultation from a professional, contact us by phone 02/858 10 25 or email info@lawyer-bulgaria.bg. We are available to answer your questions and give you the right advice on how to proceed in this situation. Before contacting us, please read the general terms and conditions that you can find in our website. We are available 24 hours a day.

Hereditary Cases Lawyer – Declaring a Will

The will as a specific type of document represents one-sided deal which can be created in two ways. It can be a notarized will, drawn up by a notary or a holographic will, written by the testator. Before you draw a holographic will consult with a hereditary cases lawyer, who will explain to you the specifics that you need to know when you decided to bequeath your property.

Hereditary Cases Lawyer

Hereditary Cases Lawyer

The first essential characteristic of a holographic will is that it is considered to be a personal gratuitous act which has legal consequences after the death of the testator. Till that moment the testator is entitled to change his holographic will several times. In order to be a will valid, it must contain within itself the exact date of preparation, the subject of will and must specify the subject who will inherit the property. When you have prepared several wills the only valid will is considered to be the one with the latest date.

When the testator has died the will should be declared and registered. To generate these legal consequences the successor, in whose favor the testamentary disposition is made, has to know about its existence. Before the death of the testator the main characteristic of the will is its confidence. In contrast, to produce legal effects after the death of the testator, there must be made several procedural actions that in no way can be characterized as confidential.

As any good hereditary cases lawyer will explain to you, after you have prepared your will, you should tell the person that you have specified as your successor in will for its existence. After the death of the testator the successor should be able to identify where the will is and to whom is entrusted for safekeeping.

What coming next?

The holographic will is known as a secret will because it is an expression solely upon the free will of the testator. His will should not be vitiated by side effects, suggestions to third parties or pressure – mental or physical.

After a consultation with a hereditary cases lawyer, you will find that in the Inheritance act contains a specific provision of art. 27 para. 1, according to which the person who keeps a holographic will is obliged to request its disclosure by a notary immediately after learning of the death of the testator. Note that this statutory provision is not connected to any special sanction that derives directly from the possible omission of the person who keeps personally holographic will. It is difficult to be proved the exact moment of learning about the death of the testator, which means that to be established beyond doubt that fact will need a full mainly proof.

Your hereditary cases lawyer will explain that any person who appears to be interested in the announcement of the will, can ask the district judge for the place where the heritage was found, to determine a specified timeline for submission of the will in order for it to be announced by the notary.

If the will is left for storage to the notary, he executes its announcement – pursuant to Art. 27 para. 4 of the Inheritance Act.

Most people can not understand what is the definition of “place of opening the inheritance.” As your hereditary cases lawyer would explain to you it is “the last residence of the testator.” The last residence of the testator may be specified as his permanent residence and permanent address in Bulgaria before his death.

The quality “interested person” is not easy to be proved. If the ” interested person ” is the successor in law of the testator, it is enough for him to submit an abstract of the death of the testator. But in most cases the person is not from the circle of heirs at law of the testator. Then the only direct evidence of his quality ” interested person ” is itself the holographic will. Your hereditary cases lawyer will tell you that the presentation of an abstract of the death certificate of the testator sets only the likeliness of the deceased to has drawn holographic will in favor of the plaintiff. The “interested person” shall indicate the person who keeps the holographic will.

 

Change company manager

The most common changes in the legal entities in Bulgaria are amendments of the name of the company and managing body in the Limited liability company. Change company manager

Changing the manager of Bulgarian company is not everytime very easy.  Usually,the owners should vote on the AGM to change it.

There are several documents, which needs to be signed and verified according to the nessesery changes of the name or manager of Bulgarian companies.

In the case of division, separation, and merger of companies, one or more existing or newly formed companies acquire whole or part of the rights and obligations of other company. All property of one or several commercial companies passes to another existing or newly established trading company, which by law becomes their legal successor and the transforming trading companies are terminated but without liquidation. All rights and obligations, as well as the actual relationships of the transforming companies, are also transferred to the existing or newly established trading company, which becomes their legal successor. The receiving company acquires in full the assets of the transforming companies. The shareholders of the transforming companies cease their membership and acquire stocks and shares in the receiving company.

  1. A Contract for the transformation is the first step towards successful change. A contract must be concluded between the receiving and the transforming company. The form is in writing and the signatures must be certified by a notary. The minimum requirement as the content of the contract covers the amount of the shares which will be received in the new company, what will be the amount of the cash payments, from which moment the participation in the acquiring / newly established company already entitles the respective share of the profit, etc.
  2. The next technical but very important step is the announcement of the contract or the transformation plan in the Bulgarian Commercial Register. This is done at least 30 days before the general meeting to decide for or against the transformation. At this time, all shareholders have time and opportunity to get acquainted with the reorganization plans in detail.
  3. The Commerce Act sets the strict requirement for a translation check to be carried out before it becomes reality. An inspection of each of the companies involved in the transformation is carried out. The verifier must be a registered auditor and set certain specific requirements for him. He has the right to full access to all the massive documentation and information of the companies. As a result of its activity, the auditor prepares a detailed report, which must meet certain legal requirements.

Before deciding whether or not to approve the planned transformation the shareholders have to revise the following documentation related to the future corporate structure transformation: Contract for the transformation, a report prepared by the management body, the auditor’s report, AFS for the last 3 financial years, balance sheet and a draft of the new statutes or resp. a company contract for each of the newly established companies

Submitting of the transformation into the Commercial Register is the final step of the transformation of a company.

To protect the creditors, for a period of just 6 months after the transformation the company has to make separate accounting in the acquired assets and obligations.

We, at Innovires, we do not only provide legal advice to our clients at every stage of the transformation, but we also draft and submit all the respective documents, incl. but not only: applications, transformation plan, minutes, declarations, powers of attorney, management agreements, articles of associations, etc. At the end, we, guarantee a successfully registered change in our Commercial Register.

Our lawyers from Innovires Legal can fully assist you in preparing all the required documentation to change the legal form of making a transformation in a commercial company in Bulgaria.

For more information and further assistance, do not hesitate to contact us!

Contact us in case you need additional information regarding the legal form change and transformation of a Bulgarian company.

No Fields Found.

Car accident lawyer Bulgaria

During the summer, the demand for a car accident lawyer in Bulgaria often increases, as many individuals find themselves in need of legal assistance after vehicular mishaps.

Navigating the roads in Bulgaria can sometimes lead to traffic accidents or crashes. In such stressful times, the expertise of a car accident lawyer in Bulgaria, along with a qualified insurance lawyer, becomes indispensable.

We will guide you on how to connect with a proficient Bulgarian insurance lawyer who can efficiently resolve all your legal issues.

Our team of skilled insurance lawyers in Bulgaria is dedicated to supporting every case with care, understanding that car traffic accidents can cause significant physical and emotional distress.

Contact authorities and your lawyer

In Bulgaria, a country known for its scenic beauty and historical landmarks, it’s crucial to be well-informed about the steps to take.

This guide is designed to equip you with essential information and insights on handling car traffic accidents in Bulgaria, ensuring your safety and reducing the legal and financial impacts of such incidents.

We are specialized in solving insurance and car accident cases.Insurance cases in Bulgaria

By contacting the insurance companies for getting sufficient insurance compensation in Bulgaria and abroad.

There are some stickers on the front glass of every car which shows you one main thing

  1. You need to have a valid insurance for damages on the third party.

To secure compensation for crashes in Bulgaria, it’s advisable to enlist the services of a professional personal injury lawyer who is experienced in such matters.

2. Prepare and show him/her all the necessary documents.

Then, the police officer is given a full account of the entire situation and the specific location of the accident on the road.

Insurance lawyer – what else?

3. Notify the Bulgarian authorities:

Under Bulgarian statutory law, it’s compulsory to report any accident that results in personal injury, vehicle damage, or significant property damage to the nearest police station.

It’s crucial to provide your personal injury lawyer with accurate and comprehensive details about the incident when filing a police report.

4. Notify your insurance lawyer promptly.

In the event of a car accident, provide your car accident lawyer in Bulgaria with all the necessary documentation required for the case, such as

A/The police report,

B/medical records (if applicable), and

C/ Pictures & photos of the accident scene.

An experienced insurance lawyer will advise you that the procedure for obtaining insurance compensation after a car accident hinges on:Car accident lawyer Bulgaria

  • the accident,
  • damages,
  • documents,
  • driver fault(s),
  • weather conditions and so on.

If a car accident happened in Bulgaria, you should fill in an accident protocol.

All drivers in Bulgaria must own one.

The crash protocol must include the most crucial circumstances that occurred during the accident to support accident claims effectively.

This protocol of crash should be filled after the crash is over from the police office.

This is the most important document, issued by the traffic police in Bulgaria.

In the event of personal injury or legal proceedings, this document is essential for Bulgarian courts to assess the case.

They will be needed before we submit the legal claim against the insurance company.

According to the consensus among insurance lawyers in Bulgaria, the pivotal question in every accident is whether the driver’s fault was the cause.

This needs to be well described in the Protocol of the accident.

Being insurance lawyers and acting as car accident lawyers in Bulgaria, we do help the injured people.Car accident lawyer Bulgaria

This could be a physical person- from the country or abroads.

Consult with a legal professional

If you’ve suffered significant injuries or face challenges in dealing with insurance companies, seeking legal advice and exploring medical treatment options is recommended.

A skilled Bulgarian insurance lawyer can navigate the intricate legal process, advocate for your rights, and strive for just compensation for your losses.

An experienced insurance lawyer can effectively negotiate with insurance companies on your behalf and represent you in court, should the need arise.

We are committed to legally supporting you to secure fair insurance compensation from the insurance companies in our country.

Our legal advice in crash cases

Experiencing a car traffic accident in Bulgaria can be overwhelming, but being prepared and well-informed can make a significant difference.

Important rules to follow up in case of accident

1.Remember to prioritize safety, gather essential information

2. Report the accident to the authorities,

3. Notify your insurance company,

4. Seek for medical attention, and

5. Consult with a legal professional when needed.

By following these steps, you’ll be better equipped to handle the aftermath of a car accident in Bulgaria

Adopting a no win no fee approach is the only way to protect your rights and secure the compensation you deserve after an accident.

Stay vigilant, drive safely, and be prepared for any unforeseen circumstances on the road. CALL US NOW on + 359 897 90 43 91 or send us an e-mail to info@lawyer-bulgaria.bg

Property Lawyer in Bulgaria

Every Bulgarian property lawyer will inform you for all the necessary legal steps for purchasing a property in Bulgaria. Working as a trustworthy property lawyers in our country, we would like to advise you on preparation of the legal documents needed.

The most popular ways for becoming real estate owners in Bulgaria are as following:

  • Buying a flat or limited ownership rights (the right of use, right to build a house, etc.). You can directly purchase them as a physical person or as a legal company.
  • Buying a real estate with land – houses, villas, plots and others.

Foreigners must set up Bulgarian companies so that they will become owners of the properties. Setting up a private company in Bulgaria is very easy and fast. Our firm will be able to help you immediately.

Acting as property lawyers in Bulgaria, we are preparing all the documents necessary and all the legal steps which Bulgarian Constitution requires. Our property lawyers will support you legally by getting the decision for purchase of property in Bulgaria.Property Lawyer in Bulgaria

When deciding to buy your own home in Bulgaria, you will have to find a property lawyer.

WE will protect you and will support you during the procedure.

We are always on your services to guide you at every stage of your purchase.

Step by Step…

There is a number of very important legal steps you must carefully follow during the property purchase proceedings in Bulgaria.  When you choose the property, you will need a property expert advice for the valuation of the land or house. Our property lawyers in Bulgaria will advise you for all legal conditions regarding the property.

We are checking every single plot or house before every deal in order to avoid any surprises or unexpected information.

Our legal advisors & property lawyers in Bulgaria make all necessary checks in detail on all aspects of the property and surrounding land.

As property lawyers, we will give you the entire legal information concerning your plot or property, if you decide to buy it by the help of our property lawyers in Bulgaria.

A simple advice to our clients: we cannot complete your property transaction before  getting all the documents necessary for it. We also need detailed information about your property before the deal itself.

Property Lawyer in Bulgaria

Once you choose your property in Bulgaria, we are starting to prepare the Preliminary Contracts.

We start with preparing the declarations and documents such as a tax evaluation documents, schedule of the plot and certificates for lack of encumbrances over the property.

When we have checked all documents, we are ready to go on with  drafting the Notary Deed. Then, we keep on with the transfer.

Property lawyer in Bulgaria

We support our clients finding property in Bulgaria with our property lawyers. Our clients can see the property suggestions from the Black Sea Coast to the Balkan Mountains.

Our clients can choose a rural property or luxuries villas in the mountain.

We just support them in their choice and prepare all the paperwork necessary. If you choose a property in Bulgaria, you just need to call us. You have to make a reservation for the next legal steps of checking over the ownership of this property in Bulgaria.

Property lawyer – Sunny Beach

Choosing a holiday property in Sunny Beach is quite easy. Sunny Beach, as its name says, is a sunny place where many people spend their whole summer time in Bulgaria.

If you’ve decided to buy a villa or a flat, we are ready to prepare all documents you need for your new property in Sunny Beach.

A lot of apartments had being sold every year, and this kind of purchase of property in Bulgaria brings the owner hundreds of thousands euro.

Also, new tourists and investors every single year. To buy a property in Sunny Beach, you need to find a good property lawyer. He/she will check the legacy before the transaction and transferring of the ownership.

Property lawyer – Sofia

The Bulgarian capital offers a huge numbers of  profitable properties for foreigners  and  investment demand.  The city of Sofia grows fast so buying a property in Sofia has been accepted as stable investment in Bulgaria. It is very easy to buy an apartment in Sofia, to rent it and/or to get small investments rate for your money.

The only thing you have to do is to decide whether is a good idea to save money there. The property market in Sofia is well-developed. The value of property rises with every new investments in the country. Our property lawyers has got huge legal experience regarding properties in Sofia market.

Property lawyer – Varna

The city of Varna is situated in the North Black Sea Coast. It is close to the Gulf of Varna. Everyone who has already purchased a property in Varna knows how profitable and successful it is.

There are some advantages of city of Varna – beaches, gardens and vineyards, groves and lakes. The properties in Varna are mostly country houses, luxuries villas…But some places are very slight. This is one of the reasons you need a professional property lawyer and real estates advisor in Varna.

Property lawyer – Pamporovo

Buying a property in Pamporovo is a good investment as this is one of the biggest Bulgarian winter resorts. Many developers has invested their money here and they have recaptured the sum two or three times.

To buy a property in Pamporovo, you need to have got a full set of necessary documents to start the first initial negotiations for this region.

Property lawyer – Bansko

Bansko is one of the most famous winter ski resorts in Bulgaria. Lots of people has already bought a property there.

The winter resort has been visited every year by many tourists and Ski Competition Committee. The World Cup of ski has been prepared and implemented in Bansko, and this made the winter resort even more attractive.

If you need to get more information about our property lawyer services, you can contact us on . + 359 897 90 43 91 OR send us mail to office@lawyer-bulgaria.bg 

Bulgarian property lawyer

Many foreigners prefer to secure the property transaction in Bulgaria with Bulgarian property lawyer.

Selling or buying property in Bulgaria, while an exciting prospect, can be a complex and daunting process, especially for foreigners

We talk about the clients, who are unfamiliar with the local legal landscape.

This is where the expertise of a Bulgarian property lawyer becomes invaluable.

Why you need a Bulgarian property lawyer:

  • Unveiling hidden complexities: Even if you’ve found a buyer, the sale process involves intricate legal steps, documentation, and potential unforeseen challenges. A lawyer can guide you through these complexities, ensuring a smooth and secure transaction.
  • Verification and due diligence: Whether buying or selling, thorough verification of the property’s legal status and registration across all relevant authorities, including the Municipality Office, is crucial. A lawyer can conduct this due diligence, protecting you from unforeseen complications.
  • Expert support for foreigners: Our law firm specializes in assisting foreigners navigate the intricacies of Bulgarian property transactions. We understand the unique challenges faced by non-residents and provide tailored guidance throughout the process.
  • Maximizing your gains: Finding the right buyer and securing a fair price is essential, especially in a competitive market. Our lawyers leverage their market knowledge and negotiation skills to achieve the best possible outcome for you.
  • Streamlined documentation and legal compliance: Navigating the legalities of property transactions can be overwhelming. Our experienced lawyers handle all the paperwork, ensuring accuracy and adherence to Bulgarian law, saving you time, money, and potential headaches.

Beyond the basics:

Our comprehensive legal services extend beyond just buying and selling. We also offer:Bulgarian property lawyer

  • Inheritance legal assistance: Navigating the legalities of inheriting property in Bulgaria.
  • Construction and development legal support: Providing legal guidance for property development projects.
  • Dispute resolution: Representing clients in property-related disputes and ensuring their rights are protected.

Choosing the right legal partner:

When selecting a Bulgarian property lawyer, consider factors like experience, expertise in specific areas relevant to your needs, clear communication, and transparency in fees.

Our legal team in the law firm stands out with:

  • A team of highly qualified and experienced lawyers: Possessing in-depth knowledge of Bulgarian property law and extensive experience handling diverse cases.
  • Client-centric approach: We prioritize understanding your unique needs and goals, providing personalized legal advice and support throughout the process.
  • Clear and transparent communication: We keep you informed every step of the way, ensuring you understand the legalities involved and can make informed decisions.
  • Competitive fees: We offer fair and transparent fee structures, ensuring value for your investment.

Don’t navigate the complexities of Bulgarian property transactions alone.

Contact our law firm today and connect with a trusted Bulgarian property lawyer who will guide you towards a successful and secure outcome.

First Steps

Before you sell your property in Bulgaria, you should have all the documents necessary,as well as declarations needed for a sale – prepared in advance.

We assume you will need  qualified property lawyers.  This means, you need us.

Our property lawyers in Bulgaria are ready to assist you and protect your interests in selling your property in Bulgaria. You need just to call us or to send us an email.

Selling Your Bulgarian Property

Selling your property in Bulgaria involves navigating legal complexities and ensuring a smooth transaction.

Our experienced Bulgarian property lawyers are here to guide you through every step, providing comprehensive legal support and ensuring your peace of mind.

Pre-Sale Legal Checks:

Before initiating the sale, our lawyers conduct thorough due diligence to identify any potential legal issues associated with your property. This includes:

  • Verifying property registration: We confirm your property is registered in all necessary authorities, including the Municipality Office.
  • Checking for encumbrances: We ensure your property is free from any legal burdens, such as mortgages, pledges, or tax liens.

A Streamlined Process with Expert Legal Support

Once a buyer is found, we facilitate a secure and efficient sales process:

  • Preliminary contract: We draft and negotiate a preliminary contract with the buyer, outlining the terms of the sale, including the purchase price and deposit amount.
  • Power of attorney: If you are unable to be present in person, we can obtain a simple power of attorney to represent you during the preliminary contract signing.
  • Negotiation: Our lawyers negotiate on your behalf to secure the best possible terms, including transfer fees.

The legal sale completion check :

Upon fulfilling all legal requirements and receiving your written confirmation, we proceed with:

  • Signing the preliminary contract: We sign the preliminary contract on your behalf and send you a copy for your records.
  • Finalizing the sale: We guide you through the final sale process, ensuring a smooth and successful transaction.

Our Commitment to You:

We are dedicated to exceeding your expectations by:

  • Protecting your interests: Our lawyers prioritize your legal rights and financial security throughout the entire process.
  • Streamlining the process: We handle all legal aspects efficiently, saving you time and stress.
  • Providing clear communication: We keep you informed every step of the way, ensuring you understand the process and have your questions answered promptly.

Partner with us for a stress-free and successful sale of your Bulgarian property.

Contact our law firm today and connect with a qualified Bulgarian property lawyer who can guide you through every step of the journey.

When all the Documents are ready…Bulgarian property lawyer

When all of the documents and declarations are done, our lawyers start preparing the Notary Deed for transferring the ownership over your property.

You can trust us – we are specialized in property sales of foreign clients in Bulgaria.

Each Bulgarian property lawyer will help you with the documentation and legal proceedings.

The next legal step to sell your property is to sign the Title Deed for the sale of your property.

We will help you by representing you at the Notary Public in Bulgaria.

The last step to complete your sale is submit the declaration with your property into the Tax Office of your municipality.

Remove the old owner’s name of the property from the Tax Register, to avoid any legal problems.

We, as property lawyers in Bulgaria will highly recommend you using our legal services to complete all this legal issues & steps.

The mentioned property legal proceedings are just for your information, if you are trying to sell a real estate property in Bulgaria.

 Every single case has got its legal specifics & questions.

We strongly recommend you to appoint a property lawyer in Bulgaria for legal transactions, in order to save your time, money and worries.

Call us now on  + 359 897 90 43 91

Is it mandatory to use a Bulgarian property lawyer when buying or selling property in Bulgaria?

While not mandatory, it is highly recommended, especially for foreigners unfamiliar with Bulgarian law and procedures. A lawyer can ensure a smooth and secure transaction, protecting your interests.

What specific tasks does a Bulgarian property lawyer handle?

They handle various tasks, including: Due diligence: Verifying property registration, identifying potential legal issues, and ensuring compliance with regulations. Contract drafting and negotiation: Preparing and negotiating purchase/sale agreements, protecting your rights and interests. Liaison with authorities: Communicating with relevant authorities on your behalf, such as the Cadastral Agency and Municipality Office. Tax and legal advice: Providing guidance on property taxes, inheritance laws, and other legal aspects relevant to your transaction.

What are the benefits of using a Bulgarian property lawyer who specializes in assisting foreigners?

They understand the unique challenges faced by non-residents, such as language barriers and unfamiliar legal systems. They can provide tailored guidance and ensure clear communication throughout the process.

How can a Bulgarian property lawyer help me maximize my gains when selling property?

They can leverage their market knowledge and negotiation skills to: Find the right buyer and attract competitive offers. Negotiate the best possible sale price and terms. Ensure all legal requirements are met, preventing delays or potential losses.

What types of documents does a Bulgarian property lawyer typically handle during a transaction?

They handle various documents, including: Property title deeds Purchase/sale agreements Power of attorney (if applicable) Tax declarations Registration documents

Does a Bulgarian property lawyer also offer legal assistance beyond buying and selling property?

They handle various documents, including: Property title deeds Purchase/sale agreements Power of attorney (if applicable) Tax declarations Registration documents

How much does a Bulgarian property lawyer typically charge?

The legal fees vary depending on the complexity of the case, the lawyer's experience, and the specific services required. It's essential to discuss fees upfront and obtain a clear fee structure before engaging a lawyer.

How can I find a reputable Bulgarian property lawyer?

You can research online directories, seek recommendations from trusted sources, or contact local law firms specializing in property law. Ensure the lawyer is licensed and has experience handling cases similar to yours.

Legal services to import & export in/from Bulgaria

Our legal team from corporate & company lawyers in Bulgaria works on the emerging market economy in Bulgaria. The country is a major exporter of industrial commodities.

Also, it exports agricultural and food products. Bulgaria is a land with a huge growth of outsourcing industry in the last couple of years.

Our legal practice shows that our trade partners are the neighboring countries, as well as other Western European ones. Bulgaria is a member of the World Trade Organisation.

Trade liberalization and compliance with the applicable international trade rules are the hallmarks of the country’s trade policy.

Our activity is focused on the company formation and supporting companies in their export and import business in Bulgaria.

Due to Bulgaria’s geophysical characteristics, the country produces numerous agricultural products and foodstuffs. The mountainous parts of the country are a natural source for ores and minerals, including: coal, copper, lead, zinc, bauxite and timber.

Legal advices to imports exports Bulgaria

Legal services to import & export in/from Bulgaria

We always inform our clients that Bulgaria’s main exports are domestic goods, petroleum and petroleum products, packaged medicinal products, chemicals, machinery, wheat and wheat-by-products and so on.

Bulgaria is a major coal producer in Europe. We produce essential oils, lavender and rose oil.

The main export partners of Bulgaria are Germany, Netherlands, Switzerland, Italy, Romania, Belgium, Turkey and Greece.

Our partners (countries) imports mineral products, machinery, vehicles, rubber and plastics, textiles and various chemical products. The country’s main import partners are: Russia, Germany, China, Italy, Romania, and Greece.

Our legal team of company & corporate lawyers in Bulgaria can help you with the relevant EORI and VAT registration.

Legal support for your current/future business

Our law office supports the clients and foreign investors in Bulgaria before the National Customs Agency of the Republic of Bulgaria. Our clients need legal advices from us, as company & corporate lawyers in Bulgaria.

The National Customs Agency is under the supervision of the Minister of Finance, and its structure includes the Central Customs Directorate, as well as eleven customs centers.

They are in: Sofia Airport, Metropolitan, Burgas, Varna, Vidin, Plovdiv, Svilengrad, Svishtov, Ruse and South-Western centers.

The National Customs Agency defines the legal framework, creates customs laws and deals with other customs-related issues.

Since 2007 the country has been obliged to apply all European directives referring to general customs rules and international customs cooperation.

Our legal support as company & corporate lawyers in Bulgaria gets the clients claims against the Bulgarian authorities and support them in the courts.

One of our legal law activities is to give advices to our clients no matter what the problem is.

Special permits and licenses may be required to perform certain trade activities in Bulgaria.

Our Bulgarian lawyers can help you with detailed information regarding the applicable legislation for different types of imported and exported products.

If you need more information, please contact our legal team of company & corporate lawyers in Bulgaria.

If you would like to know more about the legislation for foreign investments, call us on + 359 897 90 43 91 or send us an e-mail to info@lawyer-bulgaria.bg.

Not found