We kindly wish to inform you that as a real estate brokerage intermediary, AVASOLIS you are an obligated person under Art. 4, item 18 of the Law on Measures Against Money Laundering (LMML) and Art. 9, para. 2 of the Law on Measures Against Financing of Terrorism (LMFT).
Pursuant to the cited laws, prior to the conclusion of a Real Estate Purchase and Sale Brokerage Agreement, a Warranty Deposit Agreement and other documents, as well as in case of real estate rental transactionswhere the monthly rent amounts to or exceeds EUR 10,000 or their equivalent in a different currency, we are obliged to perform due diligence, including customer identification. For this purpose, we will require the following documents:
Required Documents
For individuals
- Copy of identity document:
- Identity card (for Bulgarian citizens)
- Passport (for foreign citizens)
- Document certifying the residence of foreign citizens in Bulgaria
For legal entities
- Copy of identity document of the legal representative(s) and the beneficial owner(s).
- Copy of power of attorney, if a person other than the legal representative represents you, as well as a copy of the attorney's identity document.
- Declaration under Art. 42, para. 2, item 2 of LMML – for a politically exposed person, which certifies whether the client falls into the categories under Art. 36, para. 2 and Art. 36, para. 5 of LMML.
- Declaration under Art. 59, para. 1, item 3 of LMML – for the beneficial owner of the capital of a legal entity (if no declaration has been filed under Art. 63, para. 4 in the Commercial Register or the beneficial owners are not registered as partners).
- Declaration under Art. 66, para. 2 of LMML – for the origin of funds for the purchase of real estate or rental of property with a monthly rent value of EUR 10,000 or more.
- Information Questionnaire – to be completed by clients (individuals or legal entities).
Storage and processing of documents
The documents provided by you, as well as copies thereof, will be duly stored and will be used solely during inspections by competent state authorities, including Directorate "Financial Intelligence" of the State Agency "National Security".
The processing of personal data for the purposes of preventing money laundering and terrorism financing is considered a matter of public interest in accordance with Regulation (EU) 2016/679 and cannot be restricted by the requirements of Art. 12 – 22 and Art. 34 of the same regulation (Art. 83, para. 2 AMLA).
Privacy Policy
For your convenience, in our "Privacy Policy" section you will find detailed information regarding:
- The categories of personal data we process;
- The legal grounds for processing personal data;
- Categories of recipients;
- Retention periods for each processing purpose.
Legal Identification of Clients
According to Art. 4 of the AMLA, all obligated persons (financial institutions, real estate agencies, notaries, and others) are obliged to identify their clients by presenting an official identity document and taking a copy of it (Art. 53, para. 1 of the AMLA).
For individuals: identification includes clients, legal representatives and beneficial owners.
For legal entities: in addition to copies of identity documents, publicly available documents such as:
- Current company status certificate
- Current articles of association or partnership agreement
- Certificate of beneficial owners of capital and company representatives
Remote Contract Conclusion
When concluding a Brokerage Agreement for Purchase and Sale or Warranty Deposit Agreement through electronic statement, electronic signature, or other form without the client's presence, additional documentsmay be required to ensure compliance with legal provisions.
Contact
If you have any questions, do not hesitate to contact us!