Can a child become the owner of an apartment in Bulgaria? How and when can you purchase real estate?

Did you know that even a child can become a property owner in Bulgaria? It's true! Let's take a closer look at how it works for both Bulgarian citizens and foreign children.

If the child is a Bulgarian citizen:

According to Bulgarian law, even a newborn child can become the owner of an apartment. The transaction is signed by his parents or guardians, who act on behalf of the child.

If the child is a foreigner:

The process is identical. The parents sign a purchase and sale agreement, and the property is registered in the child's name. The child's age does not matter, and there are no legal restrictions!

How does the property purchase process work?

1. Choosing a property and agreeing on a price.

2. Preparing documents - parents or legal representatives become trustees.

3. Concluding a notarial deed - the transaction is formalized through a notary.

Important: Until the child reaches 18 years of age, the parents manage the property. Only upon reaching adulthood can a child independently manage property.

Why is buying an apartment in a child's name a profitable investment?

1. A reliable financial cushion. In unstable conditions, especially against the backdrop of the situation in Ukraine, an apartment in Bulgaria can become a reliable asset.

2. Opportunities for the future. When the child grows up, owning real estate in Bulgaria will help him or her get a European education and open up new horizons for career growth.

How does this affect a residence permit or permanent residence permit?

Yes, if a child owns real estate, this can simplify obtaining a residence permit (RP) or permanent residence permit (PR) for the whole family. However, owning real estate does not automatically guarantee a residence permit.

For additional information or advice on purchasing real estate, paperwork or a remote transaction, please contact us!

Invest in your child's future today!