Selling a property via company

When a property in Bulgaria is owned by a company, the legal seller is the company itself, not the director personally. Consequently, the notary will insist that the sale proceeds are paid directly into the corporate bank account of the selling company, rather than a personal or nominated bank account belonging to your husband or any other individual.

Bulgarian notaries and banks follow strict anti-money laundering regulations. Payouts from a corporate asset sale cannot legally be diverted into a director's personal account or a third-party account at the closing table, as this would bypass company accounting and corporate tax tracking.

Once the funds land safely inside the company’s official corporate bank account, your husband (as the director or owner) can manage, distribute, or transfer the funds according to corporate governance rules—such as issuing a dividend or an authorised corporate shareholder transfer—to an external account of choice.

The notary would be better to advise you.

@SimCityAT

Thank you for your response 👍 it's much appreciated.

You're also going to get stiffed with a host of taxes. You'll be assessed on how much profit you've made since youtr iriginal purchase (and you'll be sorry if you got sucked into the "part payment in cash to reduce the taxable amount appearing in the notary deed" as your profit is calculated on the declared purchase price).

As an example, a €75K profit will cost you c€11K in taxes alone, plus accountancy fees and all the usual costs associated with a oroperty sale. The ratio will be broadly similar pro rata for different selling prices