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Answers - Frequently Asked Questions Abut Bulgarian Property
Bulgaria is situated in Eastern Europe. It’s about half the size of England and in oblong shape. The River Danube runs along the top of the country, from west to east. This is also the border with Romania. The right hand side of the country is bordered by the beautiful Black sea. To the south are borders with Greece and Turkey. To the west are borders with Macedonia and the former republic of Yugoslavia. The landscape ranges from impressive mountains with established National Pa
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
rks and Ski resorts, to lat plains, dense forests, meandering rivers and lakes.
What is the currency there?
We use the Bulgarian Lev. The exchange rate is about 2.8 Lev to 1 Pound Sterling. The Bulgarian Lev is pegged to the Euro as Bulgaria entered a currency board in 1997.
Can we use our credit and debit cards when we come?
In the bigger towns, you can use your cards, but still only in the larger shops. All the hotels will accept cards, and all the major petrol stations, b
What is the currency there?
We use the Bulgarian Lev. The exchange rate is about 2.8 Lev to 1 Pound Sterling. The Bulgarian Lev is pegged to the Euro as Bulgaria entered a currency board in 1997.
Can we use our credit and debit cards when we come?
In the bigger towns, you can use your cards, but still only in the larger shops. All the hotels will accept cards, and all the major petrol stations, b
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
t in general most other transactions are carried out in cash.
What about cash points?
They are in all the towns, and will accept the majority of UK cards.
Are there supermarkets in Bulgaria?
Yes, all the large towns have supermarkets, about the same as UK. There are also chains of “convenience” similar to SPAR stores everywhere. The smaller towns and villages will all have well stocked local shops for all the essentials.
Frequently asked questions
Anything else?
Bulgar
What about cash points?
They are in all the towns, and will accept the majority of UK cards.
Are there supermarkets in Bulgaria?
Yes, all the large towns have supermarkets, about the same as UK. There are also chains of “convenience” similar to SPAR stores everywhere. The smaller towns and villages will all have well stocked local shops for all the essentials.
Frequently asked questions
Anything else?
Bulgar
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
a has large DIY warehouse stores here ( similar to B&Q ) , large electrical warehouse stores, selling everything from vacuum cleaner bags to huge, American style refrigerators. “ Cash and Carry “ warehouses are also popular here.
Can we use our UK appliances here?
Yes, Bulgaria uses 220 volt power so no problems there. We use continental style 2 pin plugs, so bring an adapter. What about telephones?
It’s not worth bringing over a UK stationary phone for your new property as
Can we use our UK appliances here?
Yes, Bulgaria uses 220 volt power so no problems there. We use continental style 2 pin plugs, so bring an adapter. What about telephones?
It’s not worth bringing over a UK stationary phone for your new property as
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
they will not work in Bulgaria. Mobiles will work, either with a Bulgarian SIM card or using your UK card if it is suitable.
What is the weather like there?
Unlike the UK, Bulgaria has four distinct seasons, with temperatures ranging from about -10˚C in the winter, to +35˚C in the summer.
Is there much to see and do there?
Absolutely, with the Black sea coast, ski resorts in the mountains, original towns and historical villages, ancient burial sites and ruins, lak
Unlike the UK, Bulgaria has four distinct seasons, with temperatures ranging from about -10˚C in the winter, to +35˚C in the summer.
Is there much to see and do there?
Absolutely, with the Black sea coast, ski resorts in the mountains, original towns and historical villages, ancient burial sites and ruins, lak
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
s and reservoirs, there should be something for everyone.
Can I bring my golf clubs?
Yes, Bulgaria has some courses, but it still has something of a fledgling golf industry. More and more courses are being developed all the time though.
What about the cost of living there?
Compared with UK prices, this is extremely cheap. A loaf of bread should be about 20 pence, a pint of lager about 55 pence, a packet of cigarettes about 70 pence. A liter of petrol is about 60 pence.
Freq
Can I bring my golf clubs?
Yes, Bulgaria has some courses, but it still has something of a fledgling golf industry. More and more courses are being developed all the time though.
What about the cost of living there?
Compared with UK prices, this is extremely cheap. A loaf of bread should be about 20 pence, a pint of lager about 55 pence, a packet of cigarettes about 70 pence. A liter of petrol is about 60 pence.
Freq
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ently asked questions
Do we need a visa?
At the moment UK citizens can stay in Bulgaria for 90 days in any 6 months. Any more than that and you need to apply for a type “D” visa from the Bulgarian embassy in London. For more information you can have a look here: www.bulgarianembassy.org.uk
Can we drive to Bulgaria?
Of course! As long as you have the appropriate documents and insurance for Bulgaria, you shouldn’t have a problem. There are a number of “tried and tested” routes
Do we need a visa?
At the moment UK citizens can stay in Bulgaria for 90 days in any 6 months. Any more than that and you need to apply for a type “D” visa from the Bulgarian embassy in London. For more information you can have a look here: www.bulgarianembassy.org.uk
Can we drive to Bulgaria?
Of course! As long as you have the appropriate documents and insurance for Bulgaria, you shouldn’t have a problem. There are a number of “tried and tested” routes
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
here; you could probably do trip in 3 or 4 days if you were taking it easy.
What about bringing the pets?
Yes, as long as your pet has the correct “Pet Passport “. For more information you can have a look at our legal advice section.
Buying property in Bulgaria
How shall we start our property search?
Have a look at the properties on our website and when decide which properties you like, send us an email with any questions you might have about the properties to the email ad
What about bringing the pets?
Yes, as long as your pet has the correct “Pet Passport “. For more information you can have a look at our legal advice section.
Buying property in Bulgaria
How shall we start our property search?
Have a look at the properties on our website and when decide which properties you like, send us an email with any questions you might have about the properties to the email ad
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ress at the bottom of the page with the offer. For viewings you need to arrange a trip to Bulgaria and let us know. We will then set the necessary appointments. You can also ask us any other questions that you have, we are here to help!
So how does your price system work then?
The price we show on each of our advertisements does not show the full price. As a rough guide, you should add 60 % to the price you see on the website. This covers legal fees, notary fees, government ta
So how does your price system work then?
The price we show on each of our advertisements does not show the full price. As a rough guide, you should add 60 % to the price you see on the website. This covers legal fees, notary fees, government ta
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
es etc as well as our commission. You should also add 600 Euros to the price if a company set up is required. This price system does not apply to apartments in Sofia, and “new build” apartments in the resorts. They will have their own system. If you buy a second property or already have a company set up, you can deduct 600 Euros from the price. There is also an optional after sales package available for 590 Euros.
How do we see the properties that we are interested in?
If you
How do we see the properties that we are interested in?
If you
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ell us in advance when you will be coming to Bulgaria, we can arrange viewings to fit your schedule (even a tight one!). If you wish to use our transport for viewing. We can also arrange your accommodation and meet you at the airport.
What do we need to bring with us on our first visit?
Obviously you will need your passport , but also some Euros if you want to place a deposit immediately.( You can bring up to 4000 Euros each into Bulgaria without declaring it.) We would sugges
What do we need to bring with us on our first visit?
Obviously you will need your passport , but also some Euros if you want to place a deposit immediately.( You can bring up to 4000 Euros each into Bulgaria without declaring it.) We would sugges
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
t you bring some sturdy shoes if you are looking at properties in the country, as some may be less accessible than others.
What deposit?
The deposit is 10 % of the price ( and minimum of 1000 Euros ) and is non refundable. This ensures that the property is removed from the market and the owners will not sell to anyone else.
Can we pay by credit card or traveler’s cheques?
Travelers cheques are cashed only in the big towns and they charge high commission on them. You can pay
What deposit?
The deposit is 10 % of the price ( and minimum of 1000 Euros ) and is non refundable. This ensures that the property is removed from the market and the owners will not sell to anyone else.
Can we pay by credit card or traveler’s cheques?
Travelers cheques are cashed only in the big towns and they charge high commission on them. You can pay
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
us using your credit or debit card for your property. Normal cheques take about 4 weeks to clear and they are not suitable for payments, especially for placing a deposit!
Is that it?
Almost, whilst on your first visit here you should sign papers for the setting up of a Bulgarian limited company. ( This is a legal requirement for all foreigners buying land in Bulgaria.) This procedure is very straight forward and our lawyers can help you with everything.
Do we really have to f
Is that it?
Almost, whilst on your first visit here you should sign papers for the setting up of a Bulgarian limited company. ( This is a legal requirement for all foreigners buying land in Bulgaria.) This procedure is very straight forward and our lawyers can help you with everything.
Do we really have to f
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
rm a company?
Only if the property comes with land ( garden). The company is the owner of the property and you own the company. This applies to almost all of our properties , except for “ new build” apartments. These you can buy as a physical person, without a company.
What about this new law saying that foreigner buyers do not need to have a company?
This law is not due to come effect until 2014. Until then you ill still have to form a company.
Frequently asked questions
A
Only if the property comes with land ( garden). The company is the owner of the property and you own the company. This applies to almost all of our properties , except for “ new build” apartments. These you can buy as a physical person, without a company.
What about this new law saying that foreigner buyers do not need to have a company?
This law is not due to come effect until 2014. Until then you ill still have to form a company.
Frequently asked questions
A
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
nd after that?
You leave a Power of Attorney ( POA ) with us and we can continue the buying process on your behalf, after you have returned to UK. Next time you visit Bulgaria, you will be the new owner of the property. So, you only need once to select a property and leave the rest to us.
Is it possible to buy without coming to Bulgaria?
Yes, this is possible, but as it is not a common practice in Bulgaria it will take longer to arrange and will be an additional cost of 250
You leave a Power of Attorney ( POA ) with us and we can continue the buying process on your behalf, after you have returned to UK. Next time you visit Bulgaria, you will be the new owner of the property. So, you only need once to select a property and leave the rest to us.
Is it possible to buy without coming to Bulgaria?
Yes, this is possible, but as it is not a common practice in Bulgaria it will take longer to arrange and will be an additional cost of 250
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
uros. In the meantime, you should place a deposit on the property, or face the risk of losing the property while waiting for the survey results.
Will we get ownership documents for the property?
Yes, you will have title deeds in your name, or if you are buying through a company, your company name.
Can the government take our property away from us?
There is no way the government can take your property from you. As your property is owned by your Bulgaria company, you have the
Will we get ownership documents for the property?
Yes, you will have title deeds in your name, or if you are buying through a company, your company name.
Can the government take our property away from us?
There is no way the government can take your property from you. As your property is owned by your Bulgaria company, you have the
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ame right as a Bulgarian person.
I see that you also offer plots of land for sale?
Yes, these plot of land are either with or without building consent. If you want to build on the land, you always need to apply for planning permission to build and for a building consent if it does not have one.
What are the best areas to invest in?
This really depends on you and your budget. Obviously, the resorts on the Black sea coast are very popular, further inland are the ski resorts of
I see that you also offer plots of land for sale?
Yes, these plot of land are either with or without building consent. If you want to build on the land, you always need to apply for planning permission to build and for a building consent if it does not have one.
What are the best areas to invest in?
This really depends on you and your budget. Obviously, the resorts on the Black sea coast are very popular, further inland are the ski resorts of
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
Bansko, Pamporovo nad Borovets. There is also a multitude of beautiful towns and village across Bulgaria which benefit from an increasing popularity.
Frequently asked questions
What if we want to have renovations carried out on our property?
No problem, we can recommend a complete range of professional tradesmen who will work to the budget that you set them. You just need to tell them your requirements and negotiate the different options with them.
How much is it to put the
Frequently asked questions
What if we want to have renovations carried out on our property?
No problem, we can recommend a complete range of professional tradesmen who will work to the budget that you set them. You just need to tell them your requirements and negotiate the different options with them.
How much is it to put the
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
bathroom and toilet inside the house?
This depends very much on the location and the cost of the property. In general, prices have almost doubled in the last couple of years, they are still increasing, but in a steadier rate.
What if we want to rent out our property?
The market for rented property in Bulgaria has just started to develop. If you want an idea about the rentals you can get you can visit these websites:
How much is council tax?
This varies depending on the loca
This depends very much on the location and the cost of the property. In general, prices have almost doubled in the last couple of years, they are still increasing, but in a steadier rate.
What if we want to rent out our property?
The market for rented property in Bulgaria has just started to develop. If you want an idea about the rentals you can get you can visit these websites:
How much is council tax?
This varies depending on the loca
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ion and size of your property. One thing is for sure though, it will hardly be anything compared to the majority of UK council taxes! Normally 0.015 % of the tax valuation.
What about our company tax returns?
Every year you have to submit your annual tax return, the same as in the UK. We have accountants that can do this for you.
Tax in Bulgaria
Capital Gains Tax
If a foreigner sells his property in the first 5 years, te profit he makes will be subject to 15% Capital Gains
What about our company tax returns?
Every year you have to submit your annual tax return, the same as in the UK. We have accountants that can do this for you.
Tax in Bulgaria
Capital Gains Tax
If a foreigner sells his property in the first 5 years, te profit he makes will be subject to 15% Capital Gains
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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