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Services
in the field of real estates
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INVESTCONSULT renders a full complex of services in the field of real
estates, mainly to foreign customers.
In Bulgaria, the legal regime of real estates has a series of specialities,
connected with the way the property registers are kept, with the way the
relevant deals are performed, with some prohibitions for acquiring, with
collisions at the restitution, with the real estate burdens, with the tax
treatment. All this, as well as the ignorance of Bulgarian legislation on the
part of the foreign investors strengthens the need and the meaning of
professional and quality legal status investigation of the particular real
estate and the ownership rights over it.
There is a constitution prohibition for acquiring of land by foreign physical
bodies. The equality of bodies corporate and economic subjects, guaranteed by
the law, however, regardless the nationality of their capital, allows that a
local company, even with entirely foreign capital, without restrictions to
acquire any kind of a real estate, including land. The land deals are VAT
released, whereas any other deal is subject to VAT.
With over five years experience, our office maintains close relations with
several celebrated real estate agencies and licensed valuers and is specialized
in the following activities:
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Preparation and concluding of any kind of real estate
deals
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Finding a proper real estate in the country, according to
preliminary set criteria
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Conducting of negotiations and representation of the
customer
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Investigation of the legal status of a particular real
estate
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Tax and other consultations regarding the real estate
The complex legal assistance includes complete juridical service – from
conducting the negotiations and preparation of preliminary contracts for sale to
undersigning the notary contracts and tax consultations.
INVESTCONSULT also represents a large numbers of private investors at
buying real estates in the ski resorts Bansko, Borovets and Chepelare, as well
as in the towns of Sevlievo, Gabrovo and Veliko Tarnovo.
INVESTCONSULT also renders complex legal services regarding the lease of
areas in the office buildings in Varna and the region.
With the improvement of investment climate in Bulgaria and activation of our
customers’ investment enterprises, the interest in and the need of legal advice
on various aspects of acquiring a real estate in Bulgaria is strengthened. Our
legal office provides consultations regarding the specialities of real and
building law, not only as assistance on a particular task assigned for
investigation, but also as a component part of the entire packet of consultation
service, especially on investment projects “on green meadow”. Investigation of
the real estate legal status and the lawfulness of building finished is a
particular important part of the legal analyses of commercial companies or
specific objects prepared by INVESTCONSULT in connection with the
forthcoming deals with these.
INVESTCONSULT renders consultations on all the problems regarding the
establishment and transfer of real rights over the real estates, with imposing
securities on them, as well as with concluding of long term lease contracts.
INVESTCONSULT prepares detailed analyses of legal regime on the real estates
regarding specifying of their borders, their market value, their purpose,
possible ownership disputes, availability of limited real rights, restitution
claims, mortgages, court security measures or other restrictions of the
ownership right, existing tax obligations etc.
Consultation services of INVESTCONSULT in this area also include
preparation of contracts and other documents, conducting of negotiations, as
well as assistance and participation in implementation of all the procedures
before notary public and state authorities, necessary for entering in force of
real rights deals.
INVESTCONSULT
performs representation before all court instances in cases of ownership
disputes, for execution of obligations on lease contracts, as well as in case of
broken ownership claims.
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