Real Estate Registration

REAL ESTATE REGISTRATION

Requirements

Procedure 1:  The real estate is delineated by the Cadastral Office - Dobrich, division of the Cadastral Agency

Duration of procedure:               3 days
Costs:                                     20 BGL
Comments:  The real estate is delineated in a graphical format - a plot which shows its boundaries, area, cadastral number, and location.

Procedure 2:  Tax assessment of the real estate

Duration of procedure:               14 days
Costs:                                      None
Comments:  The tax assessment is done by the Local Taxes and Fees department of the Municipality of Dobrich. 

Procedure 3:  Certificate for the present legal status of the seller and the buyer

Duration of procedure:               1-3 days
Costs:                                      12.50 BGL per certificate     

Comments:  Bulgarian companies are registered in the relevant district courts (depending on the address of the company's head office). The certificate is issued by the court which has registered the company. The purpose of this document is to certify that the company is registered. It also contains the details of the people who are empowered to represent it.

Procedure 4:  Certificate issued by the Real Estate Registry, proving that the property is not mortgaged.

Duration of procedure:               3 days
Costs:                                      5 BGL per property
Comments: The certificate is issued by the Real Estate Registry of Dobrich Regional Court (Registration Office, division of the Registration Agency). This document contains details about any foreclosures, claims, or mortgages.

Procedure 5:   Certificate stating that the physical/legal entity does not have any payables to the Municipality of Dobrich, including tax liabilities.

Duration of procedure:               7 days
Costs:                                      2 BGL
Comments:                              The certificate is issued by the Municipality of Dobrich

Procedure 6:  A notary endorses the notary deed. When the seller is the municipality, the document stating the ownership is a contract, which, according to the Act on Property, is not to be endorsed by a notary.  

Duration of procedure:               1-3 days
Costs:                                      - 2% of the tax value of the real estate (state fee) 
                                               - 0.1% of the tax value of the real estate (registration fee)
                                               - notary fee (see the amounts below):

Value of real estate                    Notary fees in BGL
Up to 100 BGL                           15 BGL
From 100 to 1,000 BGL               15 BGL + 1.5% of the amount exceeding 100 BGL
From 1,000 to 10,000 BGL          28.50 BGL +1% of the amount exceeding 1,000 BGL
From 10,000 to 50,000 BGL        118.50 BGL + 0.5% of the amount exceeding 10,000 BGL
From 50,000 to 100,000 BGL      318.50 BGL + 0.2% of the amount exceeding 50,000 BGL
Over 100,000 BGL                      418 BGL + 0.1% of the amount exceeding 100,000 BGL,
                                               but not more than 3,000 BGL
                                               When the seller is the municipality, the costs are:

  • - 2% of the price of the real estate - overheads;
  • - 2% of the price of the real estate - local tax under the Law on Local Taxes and Fees;
  • - 0.1% of the price of the real estate - registration fee.

         Comments:  The notary endorses the notary deed.
                                               When the seller is the municipality, the deal concludes with the
                                               signing of a contract which is not to be endorsed by a notary.

Procedure 7:                              Registering the notary deed/contract
Duration of procedure:                1-3 days
Costs:                                      Already paid in Procedure 6
Comments:                               The notary registers the notary deed in the Registration Office of
                                                the relevant regional court.

Procedures 1 through 5 can be carried out concurrently as they are unrelated to each other.
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