Selling our car in the name of our local company

juelzzz
Posts: 1
Joined: Wed Apr 13, 2011 10:58 am

Selling our car in the name of our local company

Postby juelzzz » Wed Apr 13, 2011 11:00 am

Hi, we own a car in the name of our local company. We also own a house too which we bought couple of years ago near Balchik. Now we want to sell our house and they advise us it is better to sell the whole company for cutting the expenses. But we are concerned that together with the company maybe we will have to pass to them the ownership of the car too – so is there any way to sell the house and company, but to keep the car in some legal way? Can we move it in our names so it stays with us, or we will have to sell it too ?

Admin
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Re: Selling our car in the name of our local company

Postby Admin » Mon May 02, 2011 1:49 pm

Dear juelzzzz,

unfortunately per the Current Bulgarian legislation foreign private individuals are not yet allowed to own vehicles in their names, this is why for this purpose they usually set up local corporate bodies.
We are sure that if you contact Bulgarian lawyer on the matter, they will detail to you the possible options to keep the car in your possession.
Good luck!

Bulgariandeals team
tjimmy
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Joined: Wed Jul 11, 2012 9:15 am

Re: Selling our car in the name of our local company

Postby tjimmy » Wed Jul 11, 2012 9:20 am

Has the laws now changed in respect to car ownership as it is nolonger required to have a company to own a property ie a house ?
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Re: Selling our car in the name of our local company

Postby Admin » Wed Jul 11, 2012 11:43 am

Dear tjimmy,

The answer of your question you can find in one of the above post. There is still no change in the legislation regarding this, so if you want the car to have a BG template you should keep it on the company's name. There is no way you can transfer it to your personal names unless you have a permission for long stay in Bulgaria, issued by the respective authorities.


Bulgariandeals Team


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