Quick Answer KYC (Know Your Customer) refers to the mandatory identity and ownership verification procedures that banks, accountants, lawyers, and other regulated professionals in Bulgaria must carry out under anti-money laundering law. The process is structured, risk-based, and ongoing. Companies that approach it with accurate documentation and a clear ownership structure will find it straightforward. […]
Quick Answer Foreign individuals can generally buy apartments, houses, and commercial property in Bulgaria. EU citizens may also acquire land directly, while non-EU buyers often use a Bulgarian company structure, as direct land ownership may be restricted depending on the circumstances and applicable legal framework. Property transactions typically involve 3–4% in acquisition costs, annual municipal […]
Quick Answer Short-term rentals in Bulgaria are legal but regulated as tourist accommodation under the Tourism Act — not as casual property rental. Most setups require municipal registration, ESTI guest reporting, and tourist tax. Income is taxable, and VAT registration under Art. 97a may apply even at low turnover when using foreign platforms. From May […]