Setting up a company

According to the Bulgarian Constitution, foreign individual persons may acquire a real estate constructed by means of a building lease granted (e.g., an apartment, a store or an office in a multi-storey building) not including title of land. If a foreign person, however, wishes to acquire a real estate in the territory of Bulgaria including title of land, such person will be required to register a company (normally a single-person private limited liability company) in their name as provided under the Law on Commerce. According to the substantial legislation the company registered will be a Bulgarian legal entity owned by the capital holder and any property may be acquired in the name of such company without limitation.