| |
|
Local rate calls from the
UK |
Quick
Launch
|
|
FAQ
-
|
How long it takes
to buy a property in Bulgaria?
Generally it will
take 3 weeks to buy a property. This is dependent
on a number of factors, not all of which are in
your control. Once you have decided on a property,
contact will be made with the seller or his estate
agent. The terms and conditions of the sale can be
negotiated very quickly, depending on how easily
we can instruct an independent surveyor to assess
the property, which is our usual practice. It is
important to have an accurate picture of the
condition of the property, likely repairs that
will be needed and its consequent value. Usually a
surveyor can prepare a report within a week of
instructions. The legal title to the property can
be checked at the Land Register in a day or two.
Searches with the local authority, trying to
confirm the uses and building permissions
associated with the property, will similarly take
several days. The Preliminary Contract is then
exchanged and a deposit paid. There is then a
period of, at maximum, a few days while the money
transfer is arranged and any final checks made.
The sale will take place in front of a Notary at
an agreed date and time. |
|
What
value of goods am I allowed to import in Bulgaria?
You can import
goods for the total value of 100 Euro if you are
over 16 years of age and 50 Euros if you are under
16 years of age. This does not apply to precious
stones and metals. When a single item is imported
the value of which is over 100 Euro or equivalent
in another currency customs duty and VAT is
payable on the total value of the item. When the
total value of the two or more items belonging to
a single person exceeds 100 Euro, duty free
allowance is permitted only for that portion of
the items the total value of which does not exceed
100 Euro or equivalent in another currency. The
duty free import allowance can not be divided
between two and more travellers.
|
|
What
document do I need if I want to import my UK
registered car into Bulgaria?
1.Registration
Document, for example V5C form issued by DVLA.
2.Document of ownership (the above form or sales
invoice) 3.Car Insurance 4.Document of proof of
origin (EUR 1 certificate or declaration of origin
on invoice or other commercial document). The EUR
1 certificate you can obtain from your local VAT
office and stamp by customs on leaving the UK
(Dover Customs for example). This certificate is
only stamped if the vehicle is manufactured in the
European Union. Do not attempt to obtain one for
American or Japanese cars. The last too will incur
duty in Bulgaria, so to safe money import European
Cars. Against a small fee Black Sea Estates can
check how much you have to pay in Duty and VAT if
you want to register your car in Bulgaria. Please
email to Dobromir@blackseaestates.net.
|
|
What
amount of money may I import into Bulgaria?
Visitors entering
Bulgaria may import unlimited amounts of Bulgarian
or foreign currency. Sums of money above 8000 levs
must be declared in a customs declaration in any
of the following languages: Bulgarian, French,
German, English, Russian and Turkish. The
Declaration must be countersigned by customs
official upon entry and must be kept until the
person has left the country. |
|
What
amounts of money am I entitled to export from
Bulgaria?
Bulgarian and
foreign citizens are entitled to export sums of
money less than 8000 levs without declaring them
to the customs authorities.Sums of money with an
equivalent value of between 8000 and 25000 levs
must be declared to the customs authorities
according to type and amount of exported currency.
Sums of money greater than 25 000 levs or
equivalent currency must be declared to the
customes authorities and their origin
authenticated with a certificate from the tax
authorities that the person exporting has no tax
liabilities to the state. |
|
Why
we paid one price and there was a lower price in
the deed we received?
All foreign buyers
purchasing real estate property must be aware that
in Bulgaria there are such terms as "tax
estimation price" and "purchase price". The "tax
estimation price" (similar to "rateable value" in
UK) is for the purposes of real estate taxation
and is much lower than the actual selling
(purchase) price. Most of vendors in Bulgaria wish
that the "tax estimation price" (rateable value)
is written in the title deed, and not the selling
(asking) price which the buyers are paying, so due
to this practice there might be discrepancies
between the price you are paying and the price
written in the title deed. |
next ... |
| |
| |
|
|
|
| Properties in Bulgaria |
arartments in Sofia |
skiing
apartments in Bulgaria
|
seaside
apartments in Bulgaria
|
l and and houses around
Bulgaria |
build your
own home in Bulgaria | |
|