If you need a power of attorney authorising someone to represent you, I will prepare a document tailored precisely to your needs. The wording is decisive: an overly broad power of attorney carries risks, while an overly narrow one can make representation impossible.
Types of powers of attorney
- General and special powers of attorney – for managing a business and dealing with banks and institutions.
- Powers of attorney for property transactions – sale, gift, exchange, mortgage.
- Powers of attorney for public institutions – banks, the National Revenue Agency (NAP), the National Social Security Institute (NOI), the traffic police (KAT), municipalities.
- Powers of attorney for court proceedings and representation before a notary.
- Termination and revocation – when you wish to withdraw the rights you have granted.
What you should know
For real estate transactions, the power of attorney must have a notarised signature and contain an exact description of the property and the authorised actions. I will advise you when notarial form is required and which rights it is sensible to grant so that you remain protected.
If you are abroad, I will guide you on how to execute a power of attorney before a Bulgarian consulate or a foreign notary so that it is recognised in Bulgaria.
Frequently asked questions
Does a power of attorney for property need to be notarised?
Yes. For real estate transactions the signature must be notarised and the document must describe the property and the authorised actions exactly.
Can I sign a power of attorney while I'm abroad?
Yes – before a Bulgarian consulate or a foreign notary. I will guide you on how to prepare it so that it is recognised in Bulgaria.