Can non EU citizens buy property in Bulgaria?

According to Bulgarian law, foreign citizens of EU countries or the European Economic Area (EEA) have the right to buy property in the country, including land. This also means that foreigners can invest in property in Bulgaria – either through a local legal entity or personally.

Can anyone buy property in Bulgaria?

Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. All non-EU natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built.

Can I get residency in Bulgaria if I buy a house?

Bulgarian law creates the possibility for investors to obtain Bulgarian temporary residence by purchasing real estate which is becoming increasingly well-known internationally. The minimum amount of investment required is approximately € 310,000 (US$ 346,000).

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Can UK citizens buy property in Bulgaria?

In Bulgaria non-EU citizens are allowed to buy apartments and in this case they are treated exactly as EU citizens. Non-EU citizens, however, are not allowed to acquire land, so if a British national wants to buy a country house with yard, this may no longer be possible.

Which European countries allow foreigners to buy property?

Nevertheless, most major European countries (e.g., France, Germany, Italy, Spain and UK) allow overseas investors to buy residential and commercial real estate with the same rights as local citizens.

Can I live in Bulgaria after Brexit?

Persons who want to enter Bulgaria starting with 2021 after the Brexit transition period is over do not need visas if their stay here will not exceed 90 days in a period of 180 days. They will only need their valid passport.

Can a foreigner get a mortgage in Bulgaria?

Both permanent and non-permanent resident aliens can obtain mortgages in Bulgaria, pretty much like Bulgarian citizens. The mortgage application process as well as the interest levels and conditions will be very similar to that of BG citizens.

How much money do I need to retire in Bulgaria?

The cost breakdown is less than $1,200 per month. $1,156 per month on average. It costs me ~2000 leva per month to live in Sofia. The most expensive city in Bulgaria has affordable living costs on par with renowned “cheap” cities like Medellin or Manila.

How long does it take to get Bulgarian residence permit?

The temporary residence is issued within 3 to months only.

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After the investment is completed, the applicant has to apply for a D visa with the nearest Bulgarian embassy or general consulate. Once the D visa application is approved, the applicant has to file a residency application with the local Migration Office.

How can I retire in Bulgaria?

No visa is required for the first 90 days. However, an EU-national planning to retire in Bulgaria should apply for a permanent residency permit like any other EU-national moving to Bulgaria. All of the applicant’s social benefits will remain, and he could receive his retirement pension even if living in Bulgaria.

Can a foreigner buy a property in Bulgaria?

According to Bulgarian law, foreign citizens of EU countries or the European Economic Area (EEA) have the right to buy property in the country, including land. This also means that foreigners can invest in property in Bulgaria – either through a local legal entity or personally.

How long can a UK citizen stay in Bulgaria?

you can travel to Bulgaria for up to 90 days in any 180-day period without a visa. This applies if you travel as a tourist, to visit for family or friends, to attend business meetings, cultural or sports events, or for short-term studies or training.

Is it cheap to live in Bulgaria?

Comparative analysis describes Bulgaria as relatively cheap and a much more affordable place to live when compared to most other countries in the European Union. However, the prices of some basic foodstuffs and electricity are constantly rising, which adds to the cost of living.

Which EU country gives citizenship easily?

Malta offers the fastest path to citizenship. From 2020, the Maltese citizenship can be granted for exceptional service by direct investment. It is a naturalization path but it is much shorter. First an investor gets a residence permit and holds it for 12 or 36 months depending on the investment sum.

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What is the easiest country from which to get permanent residency in Europe?

PORTUGAL: One can easily make the cut for Portugal’s Golden Visa program by donating generously to the scientific or art culture, or by simply making a purchase in the real estate. This being the easiest option, is also the most preferred, and demands high monetary involvement for its successful completion.

Can non EU citizen buy property in Germany?

There is no restriction on foreigners buying property in Germany, no matter whether they live in Germany or elsewhere. You can, therefore, buy property as a non-resident with the expressed purpose of renting it out, or you can choose to rent out your own home if you move away from Germany.