Management of offices and shops
Management of offices and shops is a considerable part of the services our company has been providing since it was founded. For this purpose, we have a team of specifically trained and knowledgeable specialists. Our established experts recommend to potential investors to consider seriously the opportunities for obtaining premises on ground floors of buildings with good location in big cities or in business buildings in top tourist destinations. Such investments can be long-term ventures having quick returns on investment and insignificant risk for the industry of services in Bulgaria is well developed, the influx of tourists in summer and winter is increasing rapidly, and there are good opportunities to let such premises all year round.
For the successful management of offices and shops, we have established the following requirements:
1. The premises should be purchased through our company or our partners.
2. The area of premises should at least be 50sq.m and/or located in an attractive location, such as a seaside or ski resort, or business areas of big cities.
3. Premises should meet the specific requirements, so that they can ensure licensing and modern comforts.
4. If the premises do not meet the specific requirements, we are capable of improving them up to the standard by order of owner and at his expense. Then we can extend our property management services to the owner.
The specific requirements for offices and shops to become operational may differ in accordance with their location, number of floors, height of rooms, number of entrances, number of sanitary facilities (toilets), etc., as well as scope of activity.
1. Our company can offer to rent fully furnished premises from the owner or we can improve them up to the standard for immediate use by order of owner and at their expense.
2 We can assist the owner to obtain and safe-keep all documents necessary for the lawful operation of the premises.
3. We can offer to conclude short-term and long-term rental agreements with tenants upon authorization from the owner.
4. We can offer to take care for small repairs, paying for utility bills, property taxes, etc. depending on the contract provisions for management.
You should take into consideration the following legal provisions:
- You have to pay income tax on your rental revenues.
- If you have acquired the property as a natural person, then you owe to the Government 15% from your revenues from rent.
- If you have acquired your property as a juridical entity, then you owe to the Government 15% from your net profit. When the turnover of such company exceeds 50,000 BGN (about 26,000 euros), the company must be VAT registered, and this leads to a 20% deduction from the monthly revenues and requires employment of an accountant.
We can undertake to manage properties of any type and deal with all related issues, and we can help you choose the best possible management practices.