There are various basic formalities you must take into account when completing your property purchase process in Bulgaria:

POWER OF ATTORNEY

To be your legal representative in Bulgaria it is essential that you sign a Power of Attorney on our behalf. With this Power, we are able to sign contracts, Deeds and all documentation related to your purchase process. We will draft the Power of Attorney to be signed, at your convenience, either in Bulgaria or through our London or Dublin offices. If you live in the U.K. or Ireland, we will be able to make the necessary arrangements for you to obtain the Power at the closest Notary to your home. We will also arrange for the Power to be stamped with the Apostille of The Hague thus making the Power valid in Bulgaria.

BULGARIAN BANK ACCOUNT

It is essential to have an account in a Bulgarian bank in order to contract utility services and to pay them by direct debit. We are able to open a bank account in Bulgaria on your behalf.

BULGARIAN WILL

It is highly advisable that you bear in mind the Bulgarian Inheritance Tax, which is the tax to be paid in ‘mortis causa’ property ownership transfers, and be aware of how to reduce its effects.