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Planetproperty

Plovdiv Weather Forecast, Bulgaria

Our Services
- Find a property according your requirements
- Advice, recommendations
- Arranging your stay and viewing
- Legal consultation and company registration
- Full property management
- Construction work and repair
- Furnishing, interior design and architecture
- Building a new property

Currently as а non Bulgarian, you can buy the building, the right to build and other land related rights such as the right of use & passage; however you cannot buy the actual land. You can however acquire land by registering a company in Bulgaria, with yourself as sole director and beneficiary. Then this company can buy and own both the house and the land freehold for it. Timing normally takes just a couple of days to sign the preliminary contract, with a down payment to secure the selected property. From this moment on will take around a week to set up a company and then a couple of weeks to organize the legalities. So the overall process when using our knowledge and services is much faster than in most countries, and certainly quicker than most UK transactions
The minimum capital on formation of a limited liablity company in Bulgaria is 2 BGN (or a bit more than 1 euro). To open a company formation bank account requires that you carry your passport and deposit 10 euro.
KIMO Ltd. is charging the following fees and agents commissions
Our agency commissions are as follows:
Buying a house or land - 3% or minimum 1000 EUR, which commission is paid at the time of signing the preliminary contract. For the purposes of buying house or land, legal entity (company) must be established, where the Buyer shall be a shareholder or sole owner of the capital, the buyer shall pay a registration fee to the amount stated below.
Other expenses:
Depending on each property there are other expenses like: notary fees, tax when purchasing property, stamp duty, checks on the property ownership, etc. These additional charges are usually around 3-5% of the price stated in the deeds.
Company registration fee-  EUR 500 (five hundred), which amount shall cover the legal costs and other charges for company registration. It covers many important services which we provide for the buyer during the process of purchasing - such as: solicitor’s assistance, full checks on the title deeds and the ownership, preparation of all necessary contracts, paperwork, communication costs, etc. Our team of lawyers will fully assist you in registering your LTD company in Bulgaria.
Please note that the company must prepare and submit annual tax declarations as well as keep accountancy books. Therefore, we have a qualified local accountant to take care about the company’s books at a fee of 200 EUR per year.
Once you have decided to come to Bulgaria and see the property yourself we can organize a viewing trip for you. Our company can arrange everything concerning your visit.
The viewing trip costs 20 EUR per day which does not include accommodation and petrol. This 20 EUR fee is fully refundable if you purchase through our agency.

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