Our agency charges the buyer a commission of 3% on the purchase price of the property. The fee of 3% includes carrying out all negotiations, presence at the notary at the final sale, declaring the new ownership at the tax administration and handling any situations that might occur during the purchase.

If you are not present at the final sale, we can act as your representatives and transfer the ownership to you.

Our clients already know that this is a small price to pay compared to the work we have to do to complete a sale. It is good to have a reliable partner who you can trust when buying a property and we believe we will meet your expectations and save you time, money and hassle in the process of buying a property.

We advertise rental property on our website and on Bulgarian and international rental websites. On signing a rental contract and finding a tenant we charge half a monthly rent from landlord/tenant. The fee includes drawing a rental contract.

Property viewings are performed with a large comfortable air-conditioned car.

We offer airport pick up from all airports in Bulgaria – Sofia, Varna, Burgas and Plovdiv. The price of 120 EUR is valid for up to 3 people, one way.

Drop off to an airport is charged at 120 EUR.

Note: EU citizens do not need a company to own property and land in Bulgaria!

At present non-EU citizens can own buildings but not land in Bulgaria. Non-EU citizens can only own land by registering a company in Bulgaria, which then acquires legal ownership of the land. Most often the company is set as a Limited Liability Company (Ltd).
We can prepare the necessary documentation and register a company in your name in Bulgaria for 300 EUR. This fee includes all state fees, translation of documents, notary taxes, company stamp.

All the information required for the company registration is: passport details and address of the shareholder(s), company name and an address in Bulgaria where the company will registered. For initial company address our clients can use VT Bulgaria’s office address, but as soon as the company is formed and has acquired a property, we require for the company address to be moved to the address of the property.

After the property is transferred to the new owner and a notarial deed is received, the utility bills /electricity, water, gas, telephone, Internet, etc./ have to be transferred to the name of the new owner. This requires submitting applications to the relevant institutions /Energo-Pro, Water Company, etc./ at the relevant office for the area where the property is located.

VT Bulgaria’s fee for performing this service is 50 EUR per property. Power of attorney for representation at E-ON, Water Company, etc. from the client  is required.

 Companies, which have submitted a non-activity declaration to the Commercial Register, and haven't performed activity since, DO NOT sumit annual accounts or any other documents for the relevant year.

 Companies, which have a sale or purchase during the previous year, must perform annual accountancy by the end of March each year. (VT Bulgaria's fee - 100 EUR/per year)

Please note that we are not an accountancy firm, we offer this service as an intermediary for the accountant who we have contracted. Operating companies must perform monthly accountancy which is different than the yearly accountancy for companies which only have 1 or 2 sales or purchases. 

Please note that the annual accountancy fee differs from the annual property tax and waste collection fees.

We offer property and car insurance through one of the most renowned insurance companies in the country – BULSTRAD VIENNA INSURANCE GROUP, http://www.bulstrad.bg/en

They provide high insurance protection and offer competitive prices for the various insurance products both to individuals and corporate clients.

BULSTRAD VIENNA INSURANCE GROUP offers combination of a great number of risks, granting optimal cover for the movable property and real estate of the Insured: 

• Clause A

[1] Fire; [2] Explosion of vessel under pressure; [3] Natural perils: storm, hurricane, hail, torrential rain, including damages by falling trees and branches as a result of natural perils; [4] Water damage as a result of failure in the plumbing, sewerage, heating and steam installation and the appliences connected thereto (including forgotten taps); [5] Malicious acts by third parties (vandalism); [6] Impact by motor vehicle or flying object with a crew, its falling components or load; [7] Additional expenses for debris removal costs.

• Clause B  Flood

• Clause C  Earthquake

• Clause D  Burglary

• Clause E  Public Liability

• Clause F  Rental for alternative lodging

• Clause G Personal accident of a member of family / household

Against payment of additional premium the insurance cover can be extended by the following clauses:

• Clause H  Malicious arson and explosion

• Clause I  Loss of rental income

• Clause J  Short circuit and current rush of electrical mains and / or appliances 

• Clause K  Theft by use of technical devices

This scheme is very flexible and allows the owner to choose the most appropriate type of insurance for their needs. For example if your house has no contents, you will only need insurance of the building itself against natural disasters.

Theft insurance is arranged additionally upon request of the owner. The price of the theft insurance depends on the value of the items in the property and is calculated as a percentage /approximately 1-2%/ of this value.

Here are a few examples of the cost of insurance for different properties:

Car insurance comprises two items:

-          Third party liability – an obligatory insurance for all vehicles, valid only on the territory of Bulgaria. Green Card Certificate – additional insurance valid for all countries, can be bought at a small charge together with the obligatory third party insurance. For 2011 prices vary from 90 to 180 EUR per year depending on the size of the engine.

-          Full comprehensive liability – international insurance which, unlike the insurance in the UK, does not include third party liability. Price varies depending on the value of the car.

These rates are higher for trucks, buses and trailers.

We can also offer you: insurance of industrial properties, shops, offices, electronic equipment, liability insurance, travel and health insurance and other.

The service of organizing any insurance is FREE OF CHARGE.

VT Bulgaria provides help in applying and obtaining residence permits.

Note: The fee of 50 EUR is VT Bulgaria’s fee for advice, preparing necessary papers, translation, filling in forms. It applies for EU citizens only, clients of VT Bulgaria, and does not include any bank, notary, administrative fees for obtaining the Residence card. The additional fees are:

-  bank fee for official letter /depending on the bank/: from 10 EUR

-  notary fee for notarizing declaration: 5 EUR

-  administrative fees for Residency card  - 10 EUR; plastic card with photo - 20 EUR

There are two types of residence permit issued to foreigners moving to Bulgaria:

• Long-Term Residence Permit /temporary residence/ (Продължително пребиваване): Issued for five years to EU citizens and for one year to non-EU citizens
• Permanent Residence Permit (Постоянно пребиваване): Issued for an indefinite period of time by the National Migration Directorate and its local branches

Applications for a long-term residence permit must be made within 90 days of arrival in Bulgaria. The following documents are required:

• Copy of Passport (if the passport expires before the end of the five year period, the residence permit will only be valid until that date)
• Copy of Property title deeds or rental contract as proof of address
• Copy of Company registration document or work contract (if applicable)
• Copy of Health insurance from the former EU country of residence (if the health card expires before the end of the five year period, the residence permit will only be valid until that date) – if you are not an owner of EU health card, you can buy health insurance at approx. 100 EUR per year
• Proof of financial means if without employment (official letter from a bank, stating the applicant has sufficient funds to reside in Bulgaria)
• Notarized declaration (we prepare and translate this for you)
• Application form (we fill in this form for you)

Permanent residence permits are issued by the Bulgarian Ministry of Interior. 

After five years uninterrupted residency in Bulgaria, an application can be made for permanent residence. This entitles the person to the same rights as a Bulgarian citizen, except the right to vote.

Foreign nationals who have been married to a Bulgarian citizen or to a foreigner with permanent residence in Bulgaria for five years may also apply for permanent residence.

Applications for a Permanent Residence Permit must be done not later than 60 days prior to the expiry of the duration of the Long-Term Residence Permit. The permit is issued within two months after submission of the documents.

VT Bulgaria Ltd. offers expert valuations by a licensed appraiser.

The prices for valuation by a licensed appraiser vary, depending on the property and its location. For an apartment the price is from 75 EUR, and for a house – from 130 EUR. Each individual request is considered separately and a particular price offer is prepared.

VT Bulgaria Ltd. as a Real Estate Agency has excellent view over the real estate market, therefore we could prepare a valuation of your property, as well. The valuation will be orientational and unofficial, but it will be very close to the real price of your property at that particular moment. This valuation is free for our clients.

VT Bulgaria Ltd. offers non-certified translation of texts from and to English language at 10 EUR per page /incuded for the above services/.

Certified translation at 15 EUR per page.

We offer interpreting from and to English language at 20 EUR per hour /incuded for the above services/. (The price does not include transport costs for the interpreter to travel to the required destination)

We have gained extensive experience in legal and accountancy matters in both real estate and other fields, which we are willing to give for free to our clients. We follow closely the tax regulations for both companies and individuals, that and the fact that we work with experienced and renowned accountants and lawyers, gives us the opportunity to offer competent and up-to-date advice on various matters.

Advice on legal, tax, accountancy and other matters is free only for clients of VT Bulgaria Ltd.