Agricultural land acquisition due diligence

We have extensive experience of carrying out due diligence assessment for investors during the early stages of an agricultural real estate transaction. We strive to conduct a cost-effective due diligence strategy to achieve your two main goals: minimize legal, financial and business risk and maximize your value.
In the last year the number of foreign investors interested in buying agricultural land in Bulgaria has significantly increased for the following reasons:
1. According to Eurostat data for the period 2007-2009 prices of agricultural land in Bulgaria rank third among the lowest in the EU.
1.There is no annual tax on arable land.
2. Prices and demand of this type of property are expected to increase in the next few years.
3. Owners can rent out their arable land to local farmers and receive rent without having to make any other investments in the land
4. There are no limitations for agricultural land resale –there is no tax for physical persons selling land which they have owned for more than 5 years; legal entities are obliged to pay just 10 % tax on the profit