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Legal System

• Buying in Bulgaria is easy and no more or less difficult than buying in any other foreign country, although you do need to pay particular attention to land ownership title.
  
• There is one specific thing that is to be taken into consideration, which is that non-Bulgarian nationals are prohibited from owning land and can only own the buildings and not the land upon which the buildings are built. There is a way around this situation should the investor want to purchase land and that is by forming a Bulgarian limited company.
  
• A company owned by a foreign person in Bulgaria is considered to be a Bulgarian legal entity and can acquire real estate ownership rights without any restrictions. All the necessary procedures for establishing a limited company can be completed through Happy Lands Ltd.
  

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The Legal Situation for Purchasing is Summarized as follows

• Foreigners wishing to own land can do so through incorporating a limited company
  
• Bulgaria's ownership policy will be harmonized with the EU.