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[ Buying
Process Home ][Exchange of contracts]
[Completion] [Power
of attorney] [Formalities] [Taxes]
There are various basic
formalities you must take into account when completing
your property purchase process in Bulgaria:
BULGARIAN BANK ACCOUNT
It is essential to have an account in a Bulgarian bank in order to
contract utility services and to pay them by direct debit. We will
take care of opening a bank account for you in Bulgaria.
BULGARIAN WILL
It is highly advisable that you bear in mind the Bulgarian Inheritance
Tax, which is the tax to be paid in “mortis causa” property ownership
transfers, and to be aware of the ways of mitigating its effects.
In that sense, you have the chance of signing a Will over your new
property in Bulgaria. These Will could even be signed in the UK and
make it valid in Bulgaria. The Will can be dealt with in the U.K and
Ireland. From our London and Dublin offices we will be able to make
the necessary arrangements for you to obtain the Will at the closest
British Notary’s office to your home; this wo uld include the
subsequent stamp of the “Apostille of The Hague” for it to be valid in
Bulgaria. We will take care of the whole process.
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