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Three-Year Settlement in Bulgaria Required for Land Sale to Foreigners

Business | March 11, 2014, Tuesday // 15:03| Views: 2853 | Comments: 15
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Bulgaria: Three-Year Settlement in Bulgaria Required for Land Sale to Foreigners File photo

The three-year settlement requirement was passed at first reading in Bulgaria's Parliament on Tuesday. 

The amendments to the Land Ownership Act were passed with 159 votes for and seven abstained. No-one voted against.

A month ago the Constitutional Court overruled the ban on land sale to foreigners and the ruling Bulgarian Socialist Party (BSP) tabled amendments. 

According to them, land can be bought by private persons and legal entities who have resided permanently in Bulgaria for three or more years, prior to the year in which the land is to be bought. 

If a company has been registered for less than three years, will be allowed to buy land if the partners have stayed in Bulgaria for three years, without interruption. 

The buyers will have to present a declaration for the origin of their funds.

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» To the forumComments (15)
#15
An American - 15 Mar 2014 // 08:49:50

The Social Contract:

Chapter 1 Article 17 of the Bulgarian Constitution

Article 17 [Property]
(1) The right to property and inheritance shall be guaranteed and protected by law.
(2) Property is private and public.
(3) Private property is inviolable.
(4) The regime applying to the different units of state and municipal property is established by law.
(5) Forcible expropriation of property in the name of state and municipal needs shall be effected only by virtue of a law, provided that these needs cannot be otherwise met, and after fair compensation has been ensured in advance.

#14
An American - 14 Mar 2014 // 00:18:31

Optimistic, I think I see your point. You're saying Russia had already lost the Crimean peninsula of the Ukraine to the Ukraine. Therefore, they should just leave it to the Ukraine. I knew we could eventually see eye to eye. Now don't go shifty-eyed on me.

#13
Optimistic - 14 Mar 2014 // 00:04:54

My family lost land as well, I don't think about it the past is past we need to live in the present, but I understand your point, familys are so connected to the land that they farmed often for hundereds of years. People who are not farmers don't get it.

#12
An American - 13 Mar 2014 // 23:55:58

MyOptic, I've been there. No one is farming it. All the communists are on the internet spilling their seeds. How can the stolen property be recovered?

#11
Optimistic - 13 Mar 2014 // 23:38:56

To An American, have you ever worked on a farm? It is really hard work for little money. The answer to your question is no, never, It is not your land anymore, other people are now farming it and it is theirs.

#10
An American - 13 Mar 2014 // 23:34:24

When will the Bulgarian government return the land it confiscated from my father's family?

#9
Marec - 13 Mar 2014 // 20:58:15

Only to greedy Chinese jackals???????

#8
Behemoth - 13 Mar 2014 // 20:20:37

madoods,

that's the funny thing about Bulgaria: while the government is making illegal laws that ban the sale of land to foreigners, the President of the same country is traveling abroad - to attract foreign investors to buy land and invest in all kind of activities for which the legal possibility to buy land is mandatory.

But as long as it is about Bulgarian interests - nobody really cares in this country. It is a different story of course when it is about RUSSIAN interests...

#7
madoods - 13 Mar 2014 // 19:57:13

But apparently Bulgarian agricultural land, real estate and mining operations ARE for sale to Qataris

#6
Behemoth - 12 Mar 2014 // 14:49:34

"Bulgarian land is not for sale to greedy western jackals."

You didn't get it Yane - as usual. It's always big fun to see a moron like you trying so hard to make a fool out of himself! ROFL

First of all, foreigners and foreign companies already registered since more than years can buy land.
Second, the ban is also applied to your "beloved Slav brethren" whose a*s you lick so frequently in this forum.
Third, most of the arable land owned by foreigners in Bulgaria was and is not owned by "westerns".

#5
Behemoth - 12 Mar 2014 // 14:43:24

"No-one voted against."

Some of them may be too dense, but most of them voted for this new amendment out of populism - despite the fact that this amendment is breaking Bulgarian law.

Bulgaria is a member of the EU, and the extension of a ban to buy land applied at EU citizens or companies owned by EU citizens is a break of the rule of non-discrimination, and therefore a break of European and Bulgarian law. EU citizens have the same rights in Bulgaria as Bulgarian citizens and it is obvious that this amendment is illegal.

Let's see what the Constitutional Court and the Court of the EU say about that amendment that is just protecting the interest of a few mutra close to the government.

#4
Benkovski - 12 Mar 2014 // 08:26:00

In this Cowboy Country there is always a way to enquirer land

#3
Jon Mills - 12 Mar 2014 // 07:33:09

When the term 'foreigner' is used within the EU it normally relates to a non-EU citizen. What does it mean in Bulgaria? Is this a law passed against EU Law or does it only relate to those from outside the Union.

Please clarify !!!

#2
An American - 12 Mar 2014 // 00:33:26

How can I get back the land that the Bulgarian government confiscated from my father's family because he was not a Communist?

#1
Yane - 12 Mar 2014 // 00:05:58

Bulgarian land is not for sale to greedy western jackals.

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