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    company, regardless of their financial or criminal record. Setting up a limited company is not required when purch
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    According to the current Bulgarian legislation, foreigners can purchase only the leasehold, but not the freehold (the land) of a property. Therefore, all non-Bulgarians have to set up a limited company in order to purchase a property (the freehold). Even though, it might sound complicated, this is simply a vehicle to purchase the property and there are no requirements for the company to be operational. No one so far has been refused to set up a limited company, regardless of their financial or criminal record. Setting up a limited company is not required when purcha
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    the land) of a property. Therefore, all non-Bulgarians have to set up a limited company in order to purchase a property (the freehold). Even though, it might sound complicated, this is simply a vehicle to purchase the property and there are no requirements for the company to be operational. No one so far has been refused to set up a limited company, regardless of their financial or criminal record. Setting up a limited company is not required when purch
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    perty (the freehold). Even though, it might sound complicated, this is simply a vehicle to purchase the property and there are no requirements for the company to be operational. No one so far has been refused to set up a limited company, regardless of their financial or criminal record. Setting up a limited company is not required when purch
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    d there are no requirements for the company to be operational. No one so far has been refused to set up a limited company, regardless of their financial or criminal record. Setting up a limited company is not required when purch
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    company, regardless of their financial or criminal record. Setting up a limited company is not required when purchasing an apartment since technically you own the leasehold only and not the freehold (the land).

    The procedure of setting up a limited company takes between 3-5 weeks and costs ?500 - ?600. You will just have to choose a name for your company. With the business bank account application form you will also have to deposit a statutory capital of BGL3,500 (about GBP1,400), which however, upon completion of your purchase, you can withdraw back. Th

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