List of Initial Costd

jeanmandredeix · 2025-01-12T16:45:52+01:00

Explore detailed insights on Bulgaria's initial costs for setting up a company, including land, notary, and buyer expenses.

jeanmandredeix Contributor

Member since 08 January 2025

jeanmandredeixContributor12 January 2025 14:45:52

104

Is there a thread on here relating to the general costs of buying, for example, setting up company for land, buyers costs, notary costs etc so that we can get a rough idea of our costs above the purchase price. Thanks.

Vasilev Contributor

Member since 22 July 2020

VasilevContributor12 January 2025 16:48:55

136

@jeanmandredeix

Hello, I think there is not a list, bit I will try to outline the most important information briefly:

- creating a company - from 180 BGN ( some shady DIY websites) to more than 1200 EUR for a ready-made ( if you are not in Bulgaria) company from reputable lawyers.

- real estate agents fee - 2-3 % VAT excluded ( in case you hire someone to find you the property), but usually no less than 600 euros

- Lawyer's fee ( for conveyancing and independent due dilligence of the property, upon your personal choice) - some percent from the purchasing price, some times similar as the agents fee

- approx 4% from the purchasing price of the property- for notary tax, Municipality tax ( somewhere the % is different) and Government registry agency fee.

I hope I was helpful.

jeanmandredeix Contributor

Member since 08 January 2025

jeanmandredeixContributor12 January 2025 17:59:54

104

Thank you聽 That鈥檚 perfect. It helps when budgeting.

S25 - Sean Active member

Member since 09 January 2025

S25 - SeanActive member12 January 2025 20:35:49

@jeanmandredeix

To simplify the answer given above, overall I've learned from others if you add about 15% to the purchase price it should cover everything. For me personally it's between 拢1500-拢3000 all in but people say can be a bit cheaper. I overestimate everything for a small financial cushion.

jeanmandredeix Contributor

Member since 08 January 2025

jeanmandredeixContributor12 January 2025 21:10:50

104

@S25 - Sean

Thanks. Yes, I would be the same. That鈥檚 one of the reasons I wanted as much info as possible. I don鈥檛 want any shocks 馃榾

Vasilev Contributor

Member since 22 July 2020

VasilevContributor13 January 2025 04:25:09

136

@S25 - Sean

I would say about 10%.

My experience shows that if you hire a lawyer to represent you for the deals it is possible to avoid % for the real estate agent.

S25 - Sean Active member

Member since 09 January 2025

S25 - SeanActive member13 January 2025 07:29:45

@Vasilev

I just noticed what you do for work. Can I ask which office you work out of please? I looked on the website says Plovdiv and Sofia. I'm looking to buy in Plovdiv or Haskovo regions, if you cover those areas? Thanks for sharing good information here too Vasilev.

Vasilev Contributor

Member since 22 July 2020

VasilevContributor13 January 2025 09:50:43

136

@S25 - Sean

Hello, I am located in Plovdiv, bit I can be everywhere if it's necessary.

S25 - Sean Active member

Member since 09 January 2025

S25 - SeanActive member14 January 2025 08:20:55

@Vasilev

Great stuff thanks. I'm looking to buy around May, hopefully. Is it okay with you if I drop an inbox with a few questions to help planning and for quotes to work with you when the time comes? Since your office is close the the airport, would be useful to pop and see you for eood setup and due diligence ect.

Thanks from Sean