
Buying
farm lands in Bulgaria by foreigners established or not in the country have been put on a debate by the authorities. The main aspect regarded how the
ownership of Bulgarian domains can align with the European Union rules and regulations, avoiding potential infringements. As for the
investments in Bulgaria, the country sustains the entrepreneurs and companies willing to establish their business presence on the market by proposing varied incentives, including in the
agricultural sector. The
company formation procedure in Bulgaria is less bureaucratic and can be explained by our
Bulgarian agents in company incorporation.
How a land in Bulgaria can be owned by foreign investors
In
Bulgaria, citizens from abroad or
company owners interested in
acquiring land in the country have the possibility to do so if they have settled for at least five years in the state. The present rule must be changed, according to the
Bulgarian authorities, and must align with the EU legislation. Having no boundaries when
buying land in Bulgaria regardless of the nationality of a citizen will be implemented as a new rule to the
Agricultural Land Ownership and Use Act in Bulgaria, but properly managing the regulations in order to avoid the uncontrolled purchase of the
Bulgarian farm land.
Having
businesses in Bulgaria means having diverse advantages like a favorable
taxation system among many others. If you are interested in
starting a company in Bulgaria, you can talk to one of our
specialists in company incorporation who can provide complete support in document matters.
Avoiding EU infringements
Bulgaria is part of the European Union since 2007 and it had to adopt the European rules in a fast manner. The
land ownership in Bulgaria might be considered a sensitive topic as the authorities had to place some restrictions like buying a land only after years of settlement in the state, whether as a company or private person. The
farming sector in Bulgaria will meet improvements as the Ministry of Agriculture and Foods decided to adopt the legal barriers to the
land ownership without having to infringe the rules imposed by the EU.
If you are a foreign business person who wants to
set up a company in Bulgaria and need a starting point regarding how the documents should be prepared, please feel free to
contact our
team of company formation specialists in Bulgaria.