Federal Reserve Property

June 4, 2021 in News Tags:

After registration of legal entity you can make economic activities on the territory of the Republic of Bulgaria. If you do not plan to work here, but you need to have long-term visa – it is best to register a representative office of foreign company. Making the right Ownership of property in Bulgaria Notarial act of transfer of ownership and certificate of title to real property shall be certified by a notary. After signing the document by the seller and buyer and authentication of their signatures, the notary is a notarial act in the District Court. Judge amends the state register of real estate (in Russian state registration in the Federal Reserve). It is worth noting that the mark being done in the notarial deed. If you have additional questions, you may want to visit Brian Robert .

Before the transaction the notary must submit an extract from the same case that there is no "charges" of the object, in other words, on its purity. Read additional details here: NUVIA. In the statement you can see the presence or the absence of a mortgage facility, the right to use the object property of others, a ban on the sale, open court cases, etc. Extract just confirms the membership of an object a specific person – the seller. It is also important document is a public valuation of the object, which is issued by the territorial tax service. Price installment in the notarial deed, can not be lower than this value. From the stated price, determined by the size of the state tax on the transaction and the notary fees.

Documents for registration of real estate in Bulgaria in the property: – the individual – a passport – a legal entity – the founding documents as usually deal to acquire real estate in Bulgaria 1. Paid reservation (if the selected client object is removed from the sales price is fixed.) 2. The conclusion of the preliminary contract – is within month after reservation, or combined with a reservation, it indicates the alienated object, fixed price, payment arrangements, the term of imprisonment Notary Act, etc. 3. The signing of the notarial deed. This document proving ownership of the object. Issued after the settlement between the buyer and the seller, the notary, acting in the area to find the acquired property. Notary fees and state taxes, paid for the transaction of sale, amounting to about 3% of the tax valuation of property. Tax assessment – the value of property, calculated in accordance with established state standards, and is a basis for calculating taxes for payment of real estate in Bulgaria. Usually about 30-50% of the market value of the object. Throughout the transaction, from the time of booking and before the title deed you will work experienced counsel to our company. All related procedure of buying property in Bulgaria advice to our customers free of charge. According to Bulgarian law, within two months after registration of rights ownership of real property must be declared to local tax authorities. In addition, according to Bulgarian law, individuals and legal entities non-resident property owners in Bulgaria must register with the 'Register BULSTAT' (a Bulgarian statistical office). After registration you will be given a certificate and a plastic card with a unique bulstat ein (unique identification number). Declaring a tax authorities and clearance bulstat also carried out by counsel of our company, by proxy. Package ready to pass the documents by hand or sent by mail. Every year, property owners in Bulgaria must pay property tax and tax for garbage collection. Learn more about buying property in Bulgaria can be found at


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