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What is the law on foreigners owning a property?

April 26, 2017Bulgaria Bulgarian buy currency emabassy foreigners Law owning Property

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What is the law on foreigners owning a property?

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Under the Bulgarian act on Foreign Ownership, foreigners are not allowed to own land but may own buildings. Foreigners however can take ownership of land by setting up a Bulgarian company to hold the property for them. This is a simple and inexpensive process which is normally undertaken by your lawyer. This is a quirk of Bulgaria which is likely to change over the next few years as Bulgaria gets closer to its EU membership.