Property purchase in Bulgaria, is very similar to the UK in many aspects, you require Conveyancing, inspection and a considerable amount more paperwork filled in to achieve a successful property purchase.

Bulgarian Solicitors

It is a must you have access to a reliable Bulgarian solicitor to assist you, however the legal side of things is one thing, the ownership of the land is another factor too.The standard law in Bulgaria is you would be expected to be a Bulgarian citizen when it comes to property ownership, however as noted on this site, with Bulgaria due to join the EU in 2014, this may well change and the relevant restrictions lifted.

Property Law

Again, with a good solicitor, its pretty much a breeze to won a property in Bulgaria itself. The usual checks are carried out and registration etc, then the property becomes yours, the properties referred to here are commercial properties whereas an apartment or house falls into different rules.

For many small business owners around the globe who wish to start up a company in Bulgaria, it may appear complicated; however we are going cover company formation here.

The golden rule in Bulgaria (and certain other counties in particular Thailand) is that the person or persons who wish to buy land must be Bulgarian. This is a law pretty much set in stone. Whilst one can fly over to Bulgaria, when it comes to buying property for your business you need a Bulgarian in your team. Whilst this rule is I force just now, in 2014 Bulgaria comes under the relevant EU directives which will change the landscape on company ownership accordingly.

Presently, if you are forming a company in Bulgaria it is a whole different ball game. Anyone can form a company in Bulgaria itself and any company dealings are subject to Bulgarian law and relevant tax laws for that country. Your first step to owning land or property off course is forming a limited company.

The way to bypass (to a degree) the issue of company formation is to buy a house or apartment – which are very inexpensive and run your company from there. Granted it may be small, but if you are a new startup it may well be a great idea.

Appointing a solicitor / Lawyer to open your company saves a great deal of time. The procedure is straightforward and off course the lawyer you choose would be Bulgarian thus able to understand the relevant forms etc. The fee for forming a company is less than the UK. All legal fillings would be done by your lawyer and – like England, you would have an accountant to do your annual tax return.

All said, forming a company in Bulgaria can be a wise decision and very cost effective. A beautiful country, friendly locals and in your spare time lots to see and do.

Bulgaria Solicitors

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European citizens who are traveling within the European Economic Area, for private or professional reasons are entitled to a European Health Insurance Card (EHIC), which simplifies the procedure when receiving medical assistance during their stay in a member state.

The European Health Insurance Card allows all legal residents of Bulgaria to benefit from emergency medical treatment and care when temporarily abroad. What is important for you to know is this is not independent travel insurance.

As of 1 May 2010, the responsibility of issuing the EHIC is no longer with a person’s state of residence, but with the state where a person is paying to or benefiting from the Social Security System. This affects people receiving pensions from their EU home country rather than their country of residency. A resident of Bulgaria, receiving pension in for example the UK, should now apply for the EHIC card in UK.

When applying for an EHIC, the application is made through the local Regional Health Insurance Fund (RHIF) branch of the National Health Insurance Fund (NHIF).

Bulgarian residents using an EHIC card when out of the country must make sure that their card is valid, its validity is indicated on the card. Each member of a family, including children under 16, must have their own card. Further information is available from the local social security office.

The EHIC is a necessary document when you need to obtain Visa D or long term residency card to live in BG.

For those who are pensioners, you should ask your Pension service company to issue specific certificates which gives you the right to register before the Bulgarian health insurance institute. For UK citizens in particular this is the S1 certificate. This certificate states that you are pension allowed person and gives you the right to use the Bulgarian health care. After the registration before the Health insurance institute is completed, you can apply with this certificate form S1 for obtaining Visa D or long term residency card to live in Bulgaria.

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