Bulgaria is a small country with just 8.5 million inhabitants, situated in south-east Europe and occupying the eastern part of the Balkan Peninsula. It is a country which boasts a multitude of cultural historical treasures and bears witness to a great past, with Greek, Roman, Byzantine and Osman conquerors having ruled over the country for several centuries. Bulgaria has a beautiful and unspoilt countryside, with superb sea and mountain views and a climate that helped attract over 4.5 million tourists in 2004.

As an emerging market, the potential investment opportunity in Bulgaria is very promising, with the high numbers tourists every year significantly boosting the country's economy, and thereby creating further investment opportunities.

Generally speaking, foreign investors can acquire only buildings but not land. Only Bulgarian citizens can obtain the ownership of Bulgarian land. However, foreign investors can purchase land as a limited company, which holds the land on behalf of the investor. Overseas investors can be appointed as directors of a limited company, which can be incorporated within approximately 2-3 weeks by using the services of a good solicitor.