Bulgarian company setup, why?

In Bulgaria, it is only possible for a foreigner to own land through a holding company since the Bulgarian government still does not allow private ownership to individuals.

A couple of facts:

• The company is dormant, this is only a formality, you own the company and the company holds the property
   
• Nobody owns the land but yourself, there is no other party with interest or ownership in your land
   
• A yearly company dormant tax return is required each year in Bulgaria
   
• We can form the company for you, see "Services" section for more information
   
• It is thought that the law will change in 2015 to allow foreigners to take private ownership of land
   
• Thousands like you have already have companies set up, almost every foreigner who owns a property in Bulgaria in fact!

You will need to pay:

• Property purchase Council tax - 3% of declared value
   
• Notary and legal fees approx. € 300
   
• Company setup € 650