FOREIGNERS BUYING LAND IN BULGARIA 2012

After its accession into the EU in 2007 Bulgaria had the right to keep in force its existing laws concerning the purchase of a second property by citizens of EU member states and citizens of states signatories to the European Economic Area Agreement (EEAA) for five years.

This term has practically expired on 1 January 2012.

Those citizens of EU member states and citizens of states signatories to the European Economic Area Agreement (EEAA) who legally reside in Bulgaria are in theory excluded from the above rule.

Concerning the purchase of agricultural land, forests and forestry land by citizens of EU member states and citizens of states signatories to the European Economic Area Agreement (EEAA) Bulgarian laws preceding the accession into the E.U. should be in force for seven years after the accession of the country into the E.U., i.e. until 1 January 2014.
The above restriction does not hypothetically apply to self-employed farmers and agricultural producers, who are citizens of EU member states and who would like to settle in Bulgaria. They should be treated like Bulgarian citizens concerning purchasing all types of property in the country.
For your reference please look at the text The Treaty of Accession 2005:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2005:157:0104:0128:EN:PDF

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Category: Bulgaria | Tags: , , , , , One comment »

One Response to “FOREIGNERS BUYING LAND IN BULGARIA 2012”

  1. kathy

    so does that mean that if I go to a Notary tomorrow to buy regulated land, I will not have to set up a company? what will the procedure be?


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