Information on the legal process in Bulgaria and accountancy advice (2012-Dec-01) « Back to all news

Owning property in Bulgaria can be hugely rewarding, but the legal and tax obligations can feel overwhelming – especially for British and Irish owners. Our trusted Bulgarian partners provide end-to-end support with property law, tax compliance and ongoing administration so you stay fully protected and up to date.

They can assist with BULSTAT registration, post-purchase declarations with the relevant Bulgarian Municipality, and opening and managing a local Bulgarian bank account. Day-to-day tasks such as paying utility bills, property taxes, garbage fees and local charges can all be handled on your behalf, giving you peace of mind from abroad.

For those renting or actively using their property, full property management services are available, including key-holding, security, maintenance, inventory checks and letting services. You’ll also receive guidance on suitable property insurance and help with any incident or damage claims.

On the accounting side, Bulgarian-based accountants manage year-end company accounts, file Bulgarian income tax returns, publish financial statements where required, and ensure all tax and administrative reporting deadlines are met. This is especially important if you own via a Bulgarian company, even if it was set up purely to hold the property.

Whether you are buying, selling or simply maintaining your Bulgarian property, we can connect you with experienced local solicitors and accountants who understand Bulgarian law, speak the language and specialise in supporting foreign owners. If you have any concerns about your obligations, contact us and we will introduce you to the most suitable professional for your situation.