The territory of Bulgaria has been inhabited since the earliest historical times: the Stone Age and the Chalcolithic Age. Archaeological discoveries from that time have been made near Karlovo, in the region of the towns of Nova Zagora, Veliko Turnovo, Vidin , Sofia , Teteven, Troyan and in the Rhodope Mountains . The oldest gold treasure in the world, discovered near Varna , is dated to that time. During the Bronze Age the present-day Bulgarian lands were inhab... [read more]

There is no doubt that the entry of Bulgaria into the E.U in 2007, boosted the growth potential of real estate sales in the country and increased prices dramatically, yet still kept prices below most other European countries. According to 2007 Price Indices, property price increases of 14% were recorded in 2006 against 30.6% in September 2007. In the areas where Best of Bulgaria is focused and builds, property prices, even conservatively are increasing... [read more]

The territory of the Republic of Bulgaria is divided into 278 municipalities and 28 regions. Municipalities are legal entities and have the right of ownership and independent municipal budgets. Mayors of the municipalities and municipal councils are elected through direct local elections at every 4 years, following the law regulations. The municipal council is the local government authority, which determines the development policy of the municipality. The municipal ... [read more]

Bulgaria features notable diversity both geographically and climatically, from the snow capped peaks of the Rila mountains down to the sunny beaches of the Black Sea coast in the south, where the Mediterranean influence is felt, as it is in the southern parts of Thrace and the valleys of Macedonia. Generally, Bulgaria has a temperate climate with cool, damp Winters and hot, dry Summers, with moderate humidity, reaching between 30 and 40 degrees in the souther... [read more]

Located in the Balkan Peninsula , in the South East part of Europe, Bulgaria comprises four different natural regions, and borders five other countries, Romania to the north(mostly along the Danube), Serbia and the Republic of Macedonia to the West, Greece and Turkey to the South. The mountainous South West of the country has two alpine ranges, Rila and Pirin, including the highest peak Musala at 2,925 metres and 260 glacial lakes. Further East are the lower... [read more]

The country is divided into 28 Provinces subdivided into 264 municipalities. The Republic of Bulgaria is a parliamentary democracy under a unitary constitutional republic, governed by the President, as Head of State and commander-in-Chief of the armed forces, the Prime Minister, as Head of the Council of Ministers, and the Cabinet, in a coalition of the three main parties: BSP (Bulgaria Socialist Party) NSM (National Movement Simeon 11 (the son of the form... [read more]

(the information in this section is based on the Pricewaterhouse Coopers Global Tax report) A foreign investor can invest in properties in Bulgaria either directly or through a local entity. In the case of a direct investment, the tax treatment of the foreign investors depends on whether or not their activities constitute a permanent establishment. The definition of a permanent establishment under Bulgarian law is very broad: the mere fact that a foreign comp... [read more]