Agency Services

The Company offers wide range of service packages, regarding the mediation at the sales of real estates, as well as the reconstruction, modernization and overall construction of buildings, furnishing, categorization of new-built apartments and villas, letting out of attractive properties in top-tourist regions along the Black Sea coast and around the ski resorts. We have prepared a package of services for companies of foreign investors, as well as maintenance of real estates throughout the whole country, owned by clients who do not stay in Bulgaria all over the year.

New Constructions

If you own a land plot and want to have your own home built, then you are the investor funding the building up of this home. You should be aware of the fact that the planning of territories of the municipalities is carried out by the Local Council and Mayors according to Territories Planning Law (TPL) of 2002. TPL defines building up as laying, erection and construction of buildings, premises, networks and equipment on the land plots.
The chief architect of the municipality is authorized to control these activities.
The first things you will need are:
1. A sketch/visa to design, requested in writing by the person who has the right to build on their land property. With this application filed, the chief architect of the municipality then issues a visa to design within 14 days of date of application filed. The visa to design is an identical copy of the current Detailed Town and Country Plan (DTCP) where layout, method of building, intended purpose of use, size, measurements, and distances of the project building are designated. It also states a number of requirements to be met, such as architectural and territorial, environmental, infrastructure, water and electric supply and other resources, as well as the complete set of papers, which the investor must file.
2. A shop-drawing which may be drawn by the construction company or another designer team. It has to include the architectural part along with structural, electrical, water supply and sewerage, and heating and ventilation parts. Each part must be accompanied with explanatory notes, drawings, and calculations.
3. Approval of the shop-drawing is given by the chief architect of the municipality. His task is to approve the architectural part, following prior approval of the other parts by experts of the municipality. Other authorized bodies review the compliance of the project building with regulations and standards related to:
- environmental restrictions enforceable on buildings;
- sanitary control;
- fire and accident hazards;
- technical safety and reliability of potentially hazardous equipment;
- landslide restrictions;
- and restrictions on certain kinds of buildings.
Approval or refusal is given within one month from date of submission. Pursuant to the Government Taxes Law and Local Taxes Law, the authorized bodies engaged in the review  and approval collect taxes.
When the set of papers has been completed with:
- ownership deed,
- visa to design,
- approved shop-drawing in 3 copies,
- and all other binding permits issued by the specialized bodies,
then the next step is to file
4. An application for building (planning) permission
This permission is issued within 7 days from the date the application was filed and it states all factual and legal grounds for the permission to be granted, as well as terms and conditions for the execution of construction. The permission issued or refusal to issue permission may be appealed against within 14 days from the date of issue of the corresponding act.
The permission to build is considered null and void, if construction has not started within 3 years from date of permission issuance, or if the rough structure construction, roof inclusive, has not been completed within 5 years from date of issue of permission.
The next stage is:
5. Commencement of construction. Building work actually begins with the drawing up of the Protocol, which permits opening of the building site along with the building line and level. To have such a protocol signed, investors need to file an application with the Mayor’s Office. The main participants in the building process are the investor, the designer, and the builder, and they may freely enter contractual relationships abiding the law. Contracts should provide for legal obligations considering terms of time, quantity and quality of construction, assembly, erection, and mounting works to be done by the builder in conformity with the building code and norms. When the building has been finally completed, the investor and the builder draft a
6. Findings statement in which they certify that all building works have been executed in accordance with all approved plans, drawings, technical prescriptions, and contractual provisions.  This statement is the actual conveyance of the building from the builder to the investor.
With thorough and appropriate organization of the entire process, the overall project completion could be carried out within several months.
Our company has gained considerable experience over the years in designing of both solid and wooden buildings of one or two floors, so we are capable of performing construction of single-family houses, buildings for public use, shops, restaurants, academic and medical centres, etc.

Repair and Refurbishment

Cosmetic and overall repairs of objects for sale by order of the owners with aims to increase of their quality, consultations and competent and professional presentation of the properties all around the world which are announced for sale.
For our clients, who have bought property within the territory of our country and wishing to permanently reside here, our company offers overall repairs of properties and their bringing into excellent condition turning them into a modern, cozy home. For this purpose we have at our disposal mobile teams of builders who engage in major or more casual repair works on the territory of the whole country, depending on the desire and the budget of their owners and the assigners respectively.
Before the respective reconstruction has been started our builder specialist prepares an offer for the necessary Construction and Assembly Works which will be in conformation with the owner’s desire and once it has been approved and the construction contracts have been signed the actual repair works can be started.
Bringing properties, especially village houses into a proper, livable condition is absolutely essential due to the poor condition in which they are often to be found and due to the differences in the ideas of comfort and coziness that each of the owners of these properties has.
Our customers often engage us for repairing their properties with view of increasing the advantages of the properties or their faster resale whereby to all it is clear that properties in better livable condition find their buyer more easily.
For this purpose, after or even before the acquisition of the property, the client has the opportunity to get advantage of our service Preliminary viewing of the condition, whereby an independent building expert prepares a report for the current condition of the property and gives recommendations as to defects that are to be removed or relative renovation.
Our company could offer you video material of the properties and comprehensive written description of both the property itself and the surrounding region so even if you don’t have the physical capability of visiting our country and view it yourself you will be able to get the impression that you have already been there and are familiar with all details. Our company offers a number of other extras in connection to the video presentation of properties.
Apart from the reconstruction and individual architectural projects depending on your needs, we can offer you extending the built-up area of the building, if necessary, and the living area in turn. For this purpose, however, an additional planning permit issued by the local municipality will be needed which we can take care of as well.
Our architects could draw up a project of the building corresponding to the maximum degree to both your budget and requirements and to the architectural features of the region or it can be in a completely different style if your desire is such.
Our company can assist you in every way for bringing your property in a condition you dream of and will do that promptly, professionally, qualitatively and at a reasonable price.

Accounting Services

Annual accounts and accounting service of the newly set up companies and depending on the agreements with our clients and the activity which is registered in the relative Company.
According to the Bulgarian legislation, all foreign investors having bought property in Bulgaria in their capacity of legal entities, can be supplied with accountancy and administrative services through the companies registered on them in order to strictly keep all laws of the Republic of Bulgaria.
The Bulgarian laws don’t let foreign investors to own their own property on the territory of the country as physical persons. This however doesn’t concern legal entities with foreign participation, established by the Bulgarian legislation. For this reason in order to carry out their intention to purchase a property in Bulgaria most investors register a company. Owning a company in our country is a difficult, complicated process. Difficult because it is necessary to possess substantial, profound knowledge on the currently operating Bulgarian legislation; complicated because the laws concerning the accounting and tax policy of our country have to be strictly observed. The sanctions imposed for failure of or delay in their observing are very strong and are always accompanied by tax checkup of your company regardless of the fact that it can be kept open with the sole purpose of purchasing a property and it may not be actively functioning.
According to our Accounting legislation, each registered company is obliged to present annual balance by preparing annual tax report, which along with the tax declaration should be presented before the local Tax Office not later than 31 March each year. The penalty for failing to declare as well as for drawing up a document with untruthful content is imposing a fine which starts from 2000 BGN( about 1000 EUR).
If the overall accountancy servicing of your company hasn’t been accurately kept or the time terms haven’t been observed, your company will have to pay considerable fines, assuming the whole stringency of the Bulgarian laws and can expect audit inspection. Your company is considered to be functioning with the undertaking of all kinds of improvements in connection with the property purchased by you including partial repairs, overhauls or other reconstructions. Besides, your company is considered to be operational if you rent the property out and receive regular income from it. This includes accepting or issuing invoices, receipts, bank statements and documents, payment of local taxes and fees, as well as the services of a qualified accountant.
If you engage our company for carrying out the overall accounting and administrative servicing of your company then we will represent you in front of all state institutions.
For companies that have only been registered with the sole purpose of buying a property or which don’t perform any activity our company could prepare an annual tax report as well as the submitting of the annual tax declaration into the local Tax Office. If your company is operational the charge is payable on a monthly basis and is subject to additional agreement depending on the services that have been required.