NYD-Law is a modern Sofia based law firm specialising in Property, Commercial, Corporate, Civil Contract and Intellectual Property law.
BUYING PROPERTIES IN BULGARIA
After joining the EU in January this year Bulgaria is still among the most attractive investment destinations as well as one of the cheapest places for both tourism and buying holiday properties. Bulgaria’s beautiful nature combining mountains (Rhodopi, Rila, Pirin, Vitosha) and sea site (Varna, Nessebar, Sunny Beach, etc.) is particularly attractive. The mountain resorts such as Bansko, Pamporovo, Borovetz, etc and see site resorts such as Sunny Beach, Nessebar, Sozopol etc are growing extremely fast. Bulgaria is also a place for rural tourism. There are spectacular places such as Arbanasi, Bojenci, Velingrad, which are famous for their beautiful nature and healing mineral springs. Attractive places for investment are also the big cities. For the last 5 years have been considerable amount of foreign investments in the capital Sofia, as well as in the other main cities such as Plovdov, Varna and Bourgas According to the property legislation in Bulgaria, foreign buyers could freely acquire buildings, apartments, houses or limited property rights over the above. In respect of acquiring land there are still limitations in place, which limitations are specified in the Treaty for the Accession of Bulgaria to the European Union. Therefore, for the purpose of purchasing land in Bulgaria, it is still necessary to set up a local limited company. Principally, owning a property and lad trough a company could have it advantages for tax purposes.OUR COMPANYNYD Law is a modern Sofia based law firm specializing in the Field of Property Law as well as in the field of Commercial, Corporate law, Civil Contract law, Intellectual Property law. We offer a wide range of legal services, including but not only legal consultations and drafting of various contracts, preparing of professional legal opinion, carrying out of due diligence, holding negotiations, representation before the court and third parties, organizing of completion of real estate transactions, information about the development of the property market.