We would like to kindly inform you that as an intermediary in real estate transactions, AVASOLIS shall be liable under Article 4, item 18 of the Law on Measures against Money Laundering (AML) и Article 9(2) of the Law on Measures against Terrorist Financing (MLFT).
According to the cited laws, before the conclusion of the Real Estate Purchase and Sale Agency Agreement, Security Deposit Agreement and other documents, and in real estate lease transactionswhere the monthly rent is equal to or exceeds 10 000 euros or their equivalent in a different currency, we are obliged to carry out due diligence, including identifying customers. For this purpose we will require the following documents:
Documents required
For individuals
- Copy of identity document:
- ID card (for Bulgarian citizens)
- Passport (for foreign citizens)
- Document certifying the residence of foreign nationals in Bulgaria
For legal entities
- Copy of identity document the legal representative(s) and the beneficial owner(s).
- Copy of power of attorneyif a person other than the legal representative represents you, and a copy of the proxy's identification document.
- Declaration under Article 42, paragraph 2, item 2 of the MIPA - for a prominent political figure, which certifies whether the client falls within the categories of Article 36, paragraph 2 и Article 36, paragraph 5 of the MIPA.
- Declaration under Art. 59, par. 1(3) of the MLIP Act - for the beneficial owner of the capital of a legal person (if no declaration has been submitted under Article 63, paragraph 4 in the Commercial Register or the beneficial owners are not registered as partners).
- Declaration under Article 66, paragraph 2 of the MIPA - the origin of the funds when purchasing real estate or renting a property with a monthly rental value at or above EUR 10 000.
- Information questionnaire - to be filled in by customers (natural or legal persons).
Storage and processing of documents
The documents provided by you, as well as copies of the same, will be stored properly and will be used only when inspections are carried out by the competent state authorities, including Financial Intelligence Directorate of the State Agency "National Security".
The processing of personal data for the purposes of the prevention of money laundering и the financing of terrorism is considered to be a matter of public interest according to Regulation (EU) 2016/679 и cannot be limited from the requirements of Art. 12 - 22 и Art. 34 of the same Regulation (Art. 83, para. 2 of the MIPA).
Privacy Policy
For your convenience, in our Privacy Policy section you will find detailed information on:
- The categories of personal data we process;
- The legal grounds for processing personal data;
- Recipient categories;
- Storage periods for each processing purpose.
Legal identification of customers
According to Article 4 of the MIPA, all obliged persons (financial institutions, real estate agencies, notaries, etc.) are required to identify their customers by producing an official identity document and taking a copy of it (Art. 53, para. 1 of the MIPA).
For individuals: identification includes clients, legal representatives и actual owners.
For legal entities: in addition to copies of identity documents, copies of publicly available documents Like:
- Update on the status of the company
- Current articles of association or memorandum of association
- Reference to the beneficial owners of the capital and the persons representing the company
Remote conclusion of contracts
At the conclusion of Intermediary Purchase and Sale Agreement or Security Deposit Agreement via electronic statement, electronic signature or other form without the presence of the customer, may be required additional documentsto ensure compliance with legal provisions.
Contact
In case of questions do not hesitate to contact us!
