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What are the tendencies on the real estate market?
Real Estate market in Bulgaria is very dynamic these days. There are many foreigners visiting Varna, Burgas and Sofia in order to purchase property. People are mostly interested in summer villas outside the towns, new developments in the centre and also plots of land as an investment. Because of the big demand, prices are going up frequently, but also quality of the buildings is getting much closer or covers European standards.
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Is it safe to invest in Bulgaria?
Currently Bulgaria demonstrates stable and predictable macroeconomic climate showing economic growth at 4,5 %, annual inflation 3,8 % and strong growth figures in the tourism industry. Our economy provides the best opportunity for new foreign investors.
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How do I register a company?
The whole procedure takes about 14 working days. The necessary capital which is needed according to the Bulgarian law is 5000 bg leva or at least 70% (3500 bg leva), which after the registration is transformed into a company current account and can be on your disposal at any time. There are registration fees including solicitor fees and Governmental fees. Some real estate agencies offer lower price but note that the lower price often has hidden defects and catches in the registration regime, which on the other hand leads to penalties and fines for the company owners which means more and more expenses.
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How do I register a company?
The whole procedure takes about 14 working days. The necessary capital which is needed according to the Bulgarian law is 5000 bg leva or at least 70% (3500 bg leva), which after the registration is transformed into a company current account and can be on your disposal at any time. There are registration fees including solicitor fees and Governmental fees. Some real estate agencies offer lower price but note that the lower price often has hidden defects and catches in the registration regime, which on the other hand leads to penalties and fines for the company owners which means more and more expenses.
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Do I need Visa?
All visitors to Bulgaria require full (not visitors') passport, although citizens of most Western countries no longer need a visa to enter the country. However, as the rules change every year, it's wise to check with a Bulgarian Embassy or Consulate whatever your nationality. All visitors are required to register as a foreigner within 48 hours of arrival. If you are staying in a hotel, campsite, hostel or private room, rented through an agency, then the job of registration should be done for you by your hosts.
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What’s the weather like in Bulgaria?
Bulgaria has a continental climate, with long, hot, dry summers and - in the interior at least - bitterly cold winters. July and August can be oppressively hot in the big cities, and a little crowded on the Black sea coast. It's usually windy and rainy in autumn, clearly marked four seasons.
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Why Bulgaria?
Bulgaria has a continental climate, with long, hot, dry summers and - in the interior at least - bitterly cold winters. July and August can be oppressively hot in the big cities, and a little crowded on the Black sea coast. It's usually windy and rainy in autumn, clearly marked four seasons.
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Where is Bulgaria?
Bulgaria is a country of 8.9 million people located in the extreme southeastern corner of Europe, in the eastern part of the Balkan Peninsula, sharing borders with Romania, Jugoslavia, Macedonia, Greece and Turkey.
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Ref. ¹
66 |
Type
2 rooms
Apartments |
Location
Pomorie |
Price
114468 Euro |
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Ref. ¹
01 |
Type
2 rooms
Apartments |
Location
Nessebar |
Price
37000 Euro |
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ANNUAL BALANCING OF A LIMITED COMPANY IN BULGARIA
“SUNNY VILLAS” Agency reminds all its clients, who have registered companies in Bulgaria in 2006 that they are subject to annual balancing in connection with the regulations of the Corporate Income Taxation Act. The financial year is considered from 01.01 to 31.12 and the tax return should be submitted no later than 31.03. The taxes must be paid within a period of 15 days as of the date of submitting the tax return. Your company, operational or not during the tax period, must submit a tax return. The fine for failure to fulfil this obligation is 2500 lv. You, as Managers or shareholders (associates) in these companies, are personally responsible to make sure these documents are submitted on time to the respective tax authorities and offices. |
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The mushrooming golf clubs throughout Bulgaria come as an alternative to the concrete sins on the Bulgarian Black sea cost.
This is the conclusion of the German DPA Agency, which made its own examination on the theme. The new golf club in Ravno Pole village, located on 25 kilometers from Bulgarian capital Sofia is presently turning into regular destination for the tourists, looking for tranquility. The golf club is visited by more and more Sofia citizens, diplomats and foreign contractors. According to the DPA Agency the golf clubs with luxurious hotels and modern SPA - facilities will improve the tourism image of Bulgaria, associated in Europe mainly with the cheap Black Sea vacation.
There are still 19 golf playgrounds more presently being built, one of which estimated on the amount of 50 million EUR - the future Golf & SPA complex in Pravets town, the birth town of former communist President of Bulgaria Todor Zhivkov. Specialists consider the strong investment interest will bring the construction of round 40 golf playgrounds in the country. The Bulgarian government also approves the intentions Bulgaria to be turned into international destination for golf tourism. There are excellent climate conditions in Bulgaria and the scenery is extremely attractive.
After the construction boom on the sea coast, the upcoming summer will show is still the tourism in Bulgaria capable to escape the sins of concrete and to return to nature, the specialized tourism editions comment. World - wide famous Black sea coasts and ski resorts in Southern Bulgaria have attracted more than 5 million tourists in common for the last 2007 year. The amount of tourists from EU have raised with 50 %. Incomes of tourism for Bulgaria have reached the record to the moment 2, 3 billion EUR - raise of 11% compared to the previous year. The State Agency of Tourism expects 10% raise for 2008 too. |
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The extreme tourism turns to be one of the latest hits of the tourism agencies,
Over 12,000 Bulgarians on different age showed interest towards possibilities for extreme experience and rest among the beautiful Bulgarian nature in April.
For the moment the most requested extreme activity is rafting - dropping by the fast waters of Struma river in Kresna gorge.
The mix of rafting plus the emotions of riding horses in Pirin Mountain also attracts the attention of many tourists.
Horse passage in the Rhodope's village of Trigrad (South - Eastern Rhodopes), Vratsa Balkan (Western Stara Planina Mountain) and the Aidushko gathering place in Troyan Balkan (Central Stara Planina) are among the favorite tourism destinations of the adventurous tourists.
Many people are also ready to climb down with a rope in a waterfall, to enter on a boat in a cave, rowing among the water cave galleries./www.news.bg/ |
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Germans started to book again holidays in Bulgaria after a two-year withdrawal, Dnevnik daily reported
The signals came from the last week's International Tourism Bourse (ITB), the annual business-to-business industry event, reminded from the daily.
Tourism experts said German bookings in Bulgaria should see a 5% increase up to 400,000 in 2008.
Seaside Burgas and Varna airports' data showed that 390,000 German tourists came to the country on trips arranged by tour operators.
The total number of Germans that landed in the two airports was 600,000.
Round 4 years ago, the number of German holiday-makers peaked, but was followed by a significant drop as the German economy slowed down and the quality of tourist services in Bulgaria worsened.
The tour operator expects to book Bulgarian holidays for 140,000 German tourists in 2008, comparing to the 120,000 last year. |
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