In Bulgaria, the legal regime of real estates has a series of specialities, connected with the way the property registers are kept, with the way the relevant deals are performed, with some prohibitions for acquiring, with collisions at the restitution, with the real estate burdens, with the tax treatment. All this, as well as the ignorance of Bulgarian legislation on the part of the foreign investors strengthens the need and the meaning of professional and quality legal status investigation of the particular real estate and the ownership rights over it.

There is a constitution prohibition for acquiring of land by foreign physical bodies. The equality of bodies corporate and economic subjects, guaranteed by the law, however, regardless the nationality of their capital, allows that a local company, even with entirely foreign capital, without restrictions to acquire any kind of a real estate, including land. The land deals are VAT released, whereas any other deal is subject to VAT.

With over five years experience, our office maintains close relations with several celebrated real estate agencies and licensed valuers and is specialized in the following activities:   

• Preparation and concluding of any kind of real estate deals

• Finding a proper real estate in the country, according to preliminary set criteria

• Conducting of negotiations and representation of the customer

• Investigation of the legal status of a particular real estate

• Tax and other consultations regarding the real estate

The complex legal assistance includes complete juridical service – from conducting the negotiations and preparation of preliminary contracts for sale to undersigning the notary contracts and tax consultations.  

INVESTCONSULT also represents a large numbers of private investors at buying real estates in the ski resorts Bansko, Borovets and Chepelare, as well as in the towns of Sevlievo, Gabrovo and Veliko Tarnovo.

INVESTCONSULT also renders complex legal services regarding the lease of areas in the office buildings in Varna and the region.  

With the improvement of investment climate in Bulgaria and activation of our customers’ investment enterprises, the interest in and the need of legal advice on various aspects of acquiring a real estate in Bulgaria is strengthened. Our legal office provides consultations regarding the specialities of real and building law, not only as assistance on a particular task assigned for investigation, but also as a component part of the entire packet of consultation service, especially on investment projects “on green meadow”. Investigation of the real estate legal status and the lawfulness of building finished is a particular important part of the legal analyses of commercial companies or specific objects prepared by INVESTCONSULT in connection with the forthcoming deals with these.

INVESTCONSULT renders consultations on all the problems regarding the establishment and transfer of real rights over the real estates, with imposing securities on them, as well as with concluding of long term lease contracts. INVESTCONSULT prepares detailed analyses of legal regime on the real estates regarding specifying of their borders, their market value, their purpose, possible ownership disputes, availability of limited real rights, restitution claims, mortgages, court security measures or other restrictions of the ownership right, existing tax obligations etc. 

Consultation services of INVESTCONSULT in this area also include preparation of contracts and other documents, conducting of negotiations, as well as assistance and participation in implementation of all the procedures before notary public and state authorities, necessary for entering in force of real rights deals.

INVESTCONSULT performs representation before all court instances in cases of ownership disputes, for execution of obligations on lease contracts, as well as in case of broken ownership claims.