ACQUISITION of BULGARIAN REAL ESTATE and LAND by ...

In spite of the obligations under the European Treaty, Bulgaria was permitted to retain its restrictions on the acquisition of residential property with land, for a period of five years post EU ascension.

Bulgarian real estate with land can now be purchased individually, rather than via a registered company

EU- or EEA-nationals, (EEA ? European Economic Area, consisting of Norway, Iceland, Liechtenstein) who are non-residents of Bulgaria as well as legal entities incorporated under the laws of a EU- or EEA Member State (except Bulgaria) were not allowed to purchase Bulgarian real estate with land included in the title, until 1 January 2012. As of this date, any EU- or EEA-national may acquire residential?property in Bulgaria?with land, without any limitation under the same conditions as apply to Bulgarian nationals. The same applies for legal entities incorporated under the laws of the EU- or EEA-Member States.

EU and EEA countries citizens can buy since Jan 2012

As regards to the acquisition of agricultural estate in bulgaria, forests and forestry land, restrictions for EU- and EEA-residents outside Bulgaria are in force until 1 January 2014. Neither EU- nor EEA-nationals (including foreign legal entities) may acquire agricultural and forest land in Bulgaria until this date.

However, the Law on Bulgarian Property and Use of Agricultural Land and the Forestry Act provide for the acquisition of agricultural land by foreigners in compliance with the provisions of an effective international treaty.?Self-employed farmers who are nationals of another EU-Member State and legally established in Bulgaria may nevertheless acquire agricultural and forest land in Bulgaria, notwithstanding the transposition period. Once such self-employed farmer ceases to meet the exemption-requirements during the 7-year transition period, he must alienate the agricultural land to a qualified person within three years; otherwise the Bulgarian State could exercise its right to purchase the agricultural land.

Source: http://www.propertytradingcenter.com/bulgaria-houses/acquisition-of-bulgarian-real-estate-and-land-by-foreigners/2012/08/

kelly clarkson super bowl giants super bowl 2012 half time show halftime show 2012 kelly clarkson super bowl 2012 giants ny giants