Luxurious Bulgarian Country Home

If you would like a ready-made, luxurious home in a beautiful Bulgarian village, near a premier ski resort, without the heartache of searching and renovating yourself - then this might be the answer to your dreams!

This authentic Bulgarian house has been recently renovated to a very high standard, using local craftsmen and materials. The owner is a house restorer, and employs local labour to work for him on other houses as well as on his own.

Originally, this was the Mayor’s house in the beautiful village of Momchilovtsi, in the heart of the Rhodope mountains. Bulgaria’s sunniest ski resort of Pamporovo is only 15 minutes away, and there is a snow park even closer. During the spring and summer there are lovely mountain and forest walks from the doorstep. Caves, monasteries and other picturesque villages nearby are just a few of the countless attractions in the area.

This friendly village has a post office, Internet café, shops, bars and restaurants, and an interesting local museum.

The airport of Plovdiv, a vibrant and historic city, is only one and a half hours away; and the Greek border is very close… as are its beaches.

The house is on three stories plus a basement and cellar.

Basement Area

At present the two rooms that the basement comprises serve as a large study and a laundry area. There is also a newly-tiled wet room and toilet suite. The hall area with under-stair storage space is big enough to serve as a small study, for example.

Plumbing and electricity are already in place, as is laminate flooring throughout. It could be used as a self-contained flat, suitable to rent out if you wish. The stairway leads directly into the front porch, by passing the main house entrance.

The Entrance

The front door from the porch leads up a few steps into a luminous hallway, with the stairs to the side, leading on up. All the stairs and hallways are laid with lovely local stone, easy to keep clean!

Ground Floor

From the hall, to the left is the main living room. This room measures 21m2, and was originally two rooms.

This attractive room is light and airy, with three windows. It has a very efficient wood-burning stove, making it warm and cosy in the colder months.

Next to the living room is the kitchen. This has been fully fitted with dishwasher and cupboards. It has top quality, black, granite work surfaces. Again, this room is light and airy as it has a big window and patio doors, which open out onto a terraced BBQ area – actually situated on top of the garage. This area has heavy wooden tables and benches, and many family meals are enjoyed here. It leads into the back garden.

Next to the kitchen is a wet room with new toilet, and a drying room, as well as a large, modern sauna, panelled with spruce pine.

First Floor

The stairs lead up to a half landing with a sunny balcony and then up to a larger landing.

Here we have a wet room and toilet with a glass brick feature which adjoins the bathroom. The large, circular, Jacuzzi bath has a stylish stone surround to match the floor. Interesting lighting and a smart, spherical basin with modern tap complete the suite. (A great place to unwind after a day on the slopes.)

Next to this is a double bedroom with a balcony offering mountain views, and windows on two sides.

The next room is also double bed sized (at present used as a nursery), and this leads into a third double bedroom, again with windows on two sides. All three rooms have warm wooden floors, and the house is double glazed throughout.

Top Floor

A staircase leads up to the large, insulated, open plan loft, measuring 60m2. The roof is new and dormer windows have been set into each wall, affording superb mountain views in all directions. This room has huge potential, for use in so many different ways. An extra sleeping area, a teenage den, a panoramic study or studio, a games room or whatever special purpose you would like to give to it.

Outside

Spacious garage. The garage has electric points and measures 22m2.

Cellar

The garage leads to a long cellar which can also be accessed from the main entrance. The new solid fuel boiler is here, which centrally heats the house, and this room is currently used to keep tools in. In the past, animals have been kept here. It would be perfect as a drying room.

Garden

There is a flat driveway in front of the garage, with a vegetable patch (or flower bed) next to it.

The path leading to the front door is flanked by flower beds. At the back is a sizeable and sunny field with blackcurrant, redcurrant and raspberry bushes, and plum, apple and cherry trees. This is easy to maintain, but there is plenty of scope for the keen gardener. There is also a new, cool terraced area, paved with local stone, at the back. The kitchen patio doors open onto this perfect setting for eating alfresco.

This unique property offers the opportunity to buy a beautifully finished house in a lovely area of Bulgaria. The house can be bought partly furnished or empty and is perfect for renting out for groups or families. It is also the ideal family home.

Heating: Solid fuel local heating

Bathrooms: 2

Joinery: Double-pane wood windows

• Permission for use granted
• Fully finished
• Furnished

Company Registration in Bulgaria - Key Procedures

Registration of Limited Liability Company

Authority District Court

Required documents

and procedure

The LLC is founded or owned by one or more persons, including foreign natural or legal persons. The minimum authorized capital is BGN 5,000.

Forming a Limited Liability Company

- Reservation of the name of the company and issuance of a certificate for uniqueness of the name - BGN 100;

- Composing articles of association or founding a deed for a single-member LTD;

- Formation of company's share capital (at least BGN 5,000)

- Issuance of bank deed certifying that at least 70 % of the registered capital has been paid;

- Appointment of managing body;

- Registration in the commercial register of the relevant district court by the appointed manager who possesses representative power - BGN 120;

- Issuance of a permit from the competent body for performing specific commercial activity before entry into the commercial register (e.g. investment broker);

- Completion of the establishment: court decision for entry into the commercial register;

- Publication of the registration into the state gazette - BGN 25;

- Registration at the respective territorial division of the Registry Agency (issuance of a BULSTAT number) within 7 days after the establishment of the company - BGN 60;

Necessary documents for registration in the Commercial Register

1. Application for registration

2. Memorandum of association

3. Constituent meeting minutes

4. Notary certified consent with specimen of signature for each of the managers

5. Declaration in compliance with art. 142 CA (Commercial Act)

6. Bank document of capital deposited

7. Company name uniqueness certificate

8. Certificate for actual status of a shareholder-legal person

9. Decision of the managing body of a shareholder-legal person

10. Receipt for paid state taxes

11. Receipt for paid state tax for publishing in the State Gazette

Fees Registration - BGN 120; Duplicate of court decision - BGN 1.5 and BGN 1 per page; Reservation of the name of the company and issuance of a certificate for uniqueness of the name – BGN 100; Publication in the State Gazette - BGN 25

Timeframe Not specified (practically 1-2 weeks)

Legal framework Commercial Law

Registration of Joint-Stock Company

Authority District Court

Required documents

and procedure

Persons entitled to request registration-only the relevant managing body of the company could request registration in the Commercial register.

Preliminary preparation for the registration procedure:

1. Reservation of company name and obtaining a certificate for uniqueness of the company name

2. Holding a Constitutive Meeting, where the memorandum of association is accepted and the managing bodies are voted. At the meeting all shares of the JSC capital should be subscribed.

3. Founders Contributions, which must be made by the founders-in money or non-cash.

Necessary documents for registration in the Commercial Register:

1. Application signed by all members of the managing body

2. Memorandum of association, accepted on the constitutive meeting

3. Minutes of the constitutive meeting, drawn in compliance with the terms and conditions of art.232 and subsequent from Commercial Law

4. List of the persons, subscribing shares upon the incorporation (founders) attested by the managing body

5. Bank document for pecuniary contributions, installed by the subscribers

6. Written consent with a notary certified signature of the contributor of a non-cash contribution

7. Notary certified signature specimens of the persons, who shall represent the company

8. Founders’ declarations (if natural persons) stating that they are not declared insolvent and court certificates for the founders-legal persons

are not declared insolvent

9. Declarations of the members of the managing authorities that they agree to become members of the relevant authority

10. Experts' statement duly admitted by the district court if non-cash contributions are made

11. For founder-legal person-registration judgment, certificate for actual status, managing body resolution for participation in the joint-stock company and an express notary certified power of attorney of the person who represents the legal person at the constitutive meeting

12. Receipt for paid state taxes

13. Receipt for paid fee for publishing in the State Gazette

Fees Reservation of company name and obtaining a certificate for uniqueness of the company name - BGN 200; For JSC registration - BGN 400; For registration of banking or insurance JSC - BGN 1,500; For registration of JSC branch - BGN 200; Minimum capital for establishing JSC - BGN 50,000; For publication in the State Gazette - BGN 25

Timeframe Not specified

Legal framework Commercial Law

Registration of trade representative office of a foreign person

Authority Bulgarian Chamber of Commerce and Industry

Required documents

and procedure

1. Application form with a registration request

2. Official document for the registration of the foreign person, issued by the competent authority in compliance with the person's national legislation

3. Resolution of the managing body of the foreign person to open a trade representation office in Bulgaria

4. Special power or attorney in the original, notary attested issued by the person in item 2 to the person authorized to register and govern the representation office. As well as the volume of permitted rights

5. Official document indicating the persons representing and binding the foreign person

6. Original specimens of the persons, representatives in the Republic of Bulgaria by right or by special powers, notary attested

7. Document for paid fee for registration in BCCI

8. Filled-in registration card for the information system of BCCI

Fees USD 100

Timeframe 3 days

Legal framework Investment Encouragement Law

Registration under BULSTAT

Authority The registry offices of the Registry Agency at the place of company's headquarters (www.registryagency.bg)

Required documents and procedure

I. Legal entities (LLC/JSC)

1. Certified copy of the document for Court registration;

2. Copy of the act for establishment (i.e. Articles of Association), defining the person who manages/represents the company;

3. Declaration indicating the following data:

- Address for correspondence on the territory of the country as well as phone, fax, e-mail address;

- Address of implementing of the activity;

- Subject of activity/basic economic activity of the company;

- Distribution of the capital;

- Legal succession;

- Partners and/or stockholders - name, citizenship, EGN/ID number or BULSTAT code and percentage participation in the assets;

- Stockholders - the state and the municipal stock holding participation (if any) and about the persons with over 10 percent participation in the capital - EGN/ID number or BULSTAT code, name and citizenship;

4. Other data necessary for the National Statistics Institute;

5. Document for paid state fee according to a tariff, approved by the Council of Ministers.

In 7 days as of receiving the court decision for registration of the company, the manager, respectively the representative or other explicitly authorized person, has to file the necessary documents for BULSTAT registration.

II. Sole proprietors

1. Certified copy of the document for Court registration

2. Identity card

3. Declaration indicating the following data:

- Address for correspondence on the territory of the country as well as phone, fax, e-mail address;

- Address of implementing of the activity;

- Subject of activity/basic economic activity of the company;

- Document for paid state fee.

III. Branches of foreign entities, branches of local entities, trade representative offices registered at BCCI

1. Certified copy of the document for Court registration/ registration at BCCI;

2. Copy of the decision defining the person who manages/represents the branch (for branches of local entities);

3. Declaration indicating the following data:

- Address for correspondence on the territory of the country as well as phone, fax, e-mail address;

- Address of implementing of the activity;

- Subject of activity/basic economic activity of the company;

- Document for paid state fee.

The new Law on the BULSTAT register provides for registration at the territorial divisions of the Registry Agency for issuance of an identification code (BULSTAT number) of the following categories of foreign nationals:

1. Long-term and permanent residents exercising free-lance profession or craft activity (*Foreign nationals who don't obtain permanent

residence permit need a permit issued prior to the commencement of the activity by the Employment Agency);

2. Foreign nationals who have no unified civil number or personal number of a foreigner (who have entered the country with a short-stay visa - visa C) and:

- Implement commercial activity or render independent personal services in the country (such are activities which cannot be determined as activity of an enterprise, as craftsman's or as free-lance profession), including also through place of economic activity or defined base or object, or

- Are insurers.

3. Foreign nationals who have acquired immovable property in Bulgaria.

The BULSTAT code is identified with identification card and till its issuing - with a registration certificate with term of validity one month. In 5 days term after the expiration of the term the manager, respectively the representative or other explicitly authorized person is obliged to return the registration certificate in the office in order to receive the identification card.

Upon request of the applicant, the identification card issued can be supplied with a microprocessor chip containing the data, entered in the register in electronic form. Such card is issued in 14 days term.

Fees

- Limited liability company (LLC) - BGN 60;

- Joint stock company (JSC) - BGN 120;

- Sole proprietor - BGN 25;

- Branch of foreign entity - BGN 100;

- Branch of local LLC - BGN 40;

- Branch of local JSC - BGN 80;

- Trade representative offices registered at BCCI - BGN 70;

- Branch of a non-profit organization - BGN 15;

- Foundation, partnership - BGN 40.

Timeframe One day

Legal framework Law on the BULSTAT register