Latest Information
aaa Reply to Linns Lawyer
aa SUNDAY MAIL TONY HETHERINGTON
Aberdeen Global
ALEXANDER ROTHKO
Allied International
Andrew Linn's Fraudulent Companies
Andrew Linn Charterhouse 12 per annum
ANDREW LINN EXPOSED BY UK PRESS
Andrew Linn in Criminal Court
ARROW INTERNATIONAL MANAGEMENT SERVICES LIMITED
Arte y Naturaleza
A ANDREW LINN BANNED
A PUBLIC WARNINGS
A WARNING
Banco de España
Banx
Barclays Bank
Baring Ireland
Blacktower Financial Management Int Ltd
Blevins Franks
Brewin and Dolphin
Brite prey on Brits HAMILTONS
BRITISH EMBASSY
Brooks Macdonald Asset Management
Bulgarian Embassy
Case Histories
CASHMAN CONTINUES FIGHT FOR JUSTICE
Castle in the Sun
Caution
Charterhouse 12 percent plus
Churchills Investments
Close International
CNMV
CNMV Complaint
Corruption Real Estate
Costa Del SCAM
Court Action
CTCU Property Fund Ltd. in compulsory liquidation
CURRENT REGULATIONS
David Vance
Debt Collection Agency
Donald Nott
Equity Release in Spain
Equity Warnings
Estepona Golf
False Adverts
Fidecs
Financial Management Direct
First Class Investments
Forsyth
FSA Advice Equity Release
FSA UK
Fund Insurance Management Corporation
Gibraltar
Gibraltar FSC
Gibraltar FSC - 2
Governor of Gibraltar
Guardian Trust Company
Guernsey FSC
Hamiltons Financial Services SL
Hansards MISS SELLING
Henry Woods
Henry Woods Failed Investments
INLAND REVENUE WARNING
Invesco
Investment Program Management Inc
Ireland FS
Isle of Man FS
Jersey FS
John Doust
John Findlater OBE
Kevin Neal International
Kevin White
Knights Insurance
KSi Costa Consulting Group
Labrow Gibraltar
Landesbanki
Landesbanki in Crisis!
Land Grab
Langtons Guide
LATEST INFORMATION
Law Could Save Homes
Leonard Berney - John Findlater OBE
Leonard Berney
Letters to the Action Group
Luxembourg FS
Mail on Sunday
Misleading Adverts
Money Penny Financial Management SL
Mutual Benefits (Viatical)
MUTUAL BENEFITS LASTES
Names of Unlicenced Advisers
Names of Unlicenced Advisors
Need an Advisor
NORMAN EDWIN STEELE
Offshore Money Managers
Offshore Protection
Offshore World SL
OFTA
Orange Finance
Paul Prew Smith
Pension and Investment Shop
Perils of Equity Release Schemes
Premier Life Henry Woods
Premier Low Risk Fund
Press Articles
Property RIP OFF
Protection
PUBLIC DEMONSTRATION
Remington Growth Fund Andrew Linn
Retiring in Spain
RIP OFF COMMISSIONS
Rock Financial Services
Rothschilds
Savignon Financial Services
Scandals
Scottish Widows
Sensible Options
Sheperds and MBC
Sheperds and MBC latest
Spanish Financial Services
Spanish Regulations
Spanish Stamp Fraud
Stamp Scam
Unlicenced Companies
Unlicenced Financial Advisors
Westhill Investments
Who Are We
Your Future Financial Services SL
Andrew Linn Remington Growth Fund

Bulgarian Embassy

 

Buying a Property in Bulgaria

According to the Bulgarian law, embodied in the Constitution of the Republic of Bulgaria, the Property Act and the Foreign Investments Act foreign physical and also juridical persons such as companies cannot acquire the ownership of land in the country. However, they are permitted to acquire the ownership of houses or flats and limited ownership rights with regard to every kind of immovable property situated in Bulgaria. Under the heading limited ownership rights the Bulgarian law understands the rights of use (usus), the right to build a house on a piece of land (superficie) and the servitudes (e.g., the right of access to the street through another person's piece of land).

> Until recently there was a further limitation on the purchases of immovables by foreign persons - the obligation on the part of the respective foreign person to obtain the permission of the Council of Ministers (the Government) of the Republic of Bulgaria or other administration organs authorised to decide on such requests, if the property is situated within border areas or other territories under special regime for reasons of national security. Following the latest amendments to the Foreign Investment Act, as of May 2004 this limitation is no longer in place.

> With the view to establish an enhanced protection of foreign investments in Bulgaria there is a special regime with respect of the expropriation of foreign persons. Expropriation of the immovable property of foreign persons is only legal, whenever it is done by an Act of Parliament, passed because of extraordinary needs of the government, which cannot be satisfied otherwise. In addition to that the foreign person has to be provided with a replacement of his immovable property before the expropriation takes place. The replacement has to be equal in market value to the replaced property and has to be located close to it. The owner may give his consent that the replacement would be located elsewhere or that he would be awarded money instead of a replacement property.

© COSTA DEL SOL ACTION GROUP
Against Unlicenced Financial Advisers & Product Providers that support them.