BULGARIAN PROPERTIES BY "DANA PALACE" Ltd. REAL ESTATE

 Our Company works with only 3% comission of the amount of the property

 Example1: You chose small house in rural area:

You choose to have one person company called "Your company..."

The price of the house is            15 000Euro.
Our comission is: 3% of 15 000Euro =    450Euro
The tax for establishing the company is:500Euro
Government taxes and notary deeds -2%   300Euro
Bank account                           1800Euro (bank account for one person company - You will take these money back when the company is ready)

Example2: You choose to buy house close to the sea for 60 000Euro

You choose to have shared company(with your wife for example) called "Your company..."

The price of the house is:                          60000Euro
Our comission is: 3% of 60000 =        1800Euro
The tax for the company        =        500Euro
Government taxes and notary deeds -2%  1200Euro
Bank account                           2600Euro (bank account for shared company - You will take these money back when the company is ready)

 Bulgaria is a country with a beautiful nature.
Many real estate properties situated at the most charming and attractive regions are still waiting for their proprietor.
     Foreign persons and companies can invest in real estate in Bulgaria according to the Bulgarian constitution and legislation. These investments are either personal or through a local legal entity.
     Foreign investors could develop excellent business in Bulgaria. The investment growth potential and the great business opportunities are based on the political stability and the currency board introduced in 1997.
     Bulgarian market of real estate today is very attractive and the reasons of that are several:
   - lower prices of Bulgarian properties compared with the other European destinations
   - opportunity for a good profit buying Bulgarian property, because the extent of the development and exploitation of Bulgaria real estate market is still low.
   - the chance to possess Bulgarian property before the acceptance of Bulgaria in the European Union when the prices will be higher.
 
     Only buildings can be acquired by foreigners as persons, but not land. Buildings like houses, flats, villas(but without land) can be purchased directly.
     When a foreigner makes such a deal he obtains limited ownership rights(the right of use, the right to build house, the right to make some improvements)
     Bulgarian citizens and legal persons(including such with foreign owner) have the right to own Bulgarian land.

     IF YOU WANT TO BUY BULGARIA REAL ESTATE WITH LAND YOU HAVE TO ESTABLISH A COMPANY.IT WILL BECOME THE OWNER OF THE PROPERTY!!!
     For this purpose  our company can offer you our solicitor and we can help you in the whole process of establishing a company in Bulgaria.
     Foreigners could use some other methods also:
   - setup a company using privatisation
   - a portfolio investment
   - a joint venture with local companies
   - creating a new venture
   
     The foreign investors can rely on the Bulgarian legislative system. There is a special regime of respect towards them:
   - Bank accounts denominated in Bulgarian or foreign currency,
   - no limit to the capital possessed by the companies are som of the rights which system gives.

     Every Bulgarian government wants more foreign investments for the economy. Buying Bulgaria real estate is one of the priorities. The whole process of organization and acquisition of real estate property for you will be accomplished by the professional help you need.
     We can offer you the services of our solicitors and expert borkers in Bulgaria real estate. We will help you with the registrations of mixed and foreign companies. Also we can arrange the travel and seeing of the wanted Bulgarian property either in the town or in the country. Will arrange professional negotiations giving the opportunity the price of real estate to correspondence of its quality.

     INFORMATION "HOW TO BECOME BULGARIAN RESIDENT"

     To be  Bulgarian resident means all rights of Bulgarian citizen except the right of voting. You will have possibility ti visit and leave Bulgaria when you wish without visas. For a permanent resedence five years spend in Bulgaria under the long-term stay conditions are enough.
     Each year is issued a long-term stay permit. It is valid for 1 year. After these 5 years foreigners can ask for permanent residence. For long term permit during the first year you have to present the folowing documents:
   - a valid D-type visa(you can apply for it in any Bulgarian embassy
   - a proof of national insurance or social security in the country of residence(this document can be obtained from your local national insurance office)
   - personal bank account deposit in Bulgaria