A flat in a new building from the developer, an office from a company that is restructuring, a house held by the family's limited company. More and more often the seller is not a person but a company. That is not necessarily riskier — but the checks are different. Besides the property, you need to check the company itself: who represents it, what its owners have decided, what it owes and what shape it is in.
Every company has a UIC (ЕИК) and a file in the Commercial Register and Register of Non-Profit Legal Entities kept by the Registry Agency. The search is free and online. From the current status you will learn:
Look at the published documents too. A company that has not filed its annual accounts for years is not necessarily a problem, but it is a reason to ask more questions.
For an EOOD or OOD, the company is represented by the manager. If there are several managers, check whether they act jointly — then all signatures are needed.
For an AD or EAD, the members of the board of directors or management board represent the company, usually through an executive director. Check in the register exactly who and how.
An attorney. If an attorney attends the signing, the power of attorney must be notarised, issued by the person who actually represents the company, and give an express right to sell the specific property. Check the date — is the issuer still the manager?
A procurator. A procurator has wide powers, but to dispose of real estate they must be expressly authorised. Check this in the register.
In an OOD, selling real estate is a matter for the general meeting of the partners (Art. 137 of the Commerce Act). In an EOOD, the decision lies with the sole owner.
What if there is no resolution? According to Interpretative Decision No. 3/2013 of the Supreme Court of Cassation, the absence of a resolution cannot be raised against third parties, and a sale concluded by the manager is valid. Even so, notaries as a rule ask for the minutes of the resolution, and that is sensible: it removes room for dispute. Ask for the minutes in advance and check they are signed by all the partners listed in the register.
This is the question that most often surprises buyers.
For an individual buying for themselves, VAT is not recoverable — it is part of the price. So in the preliminary contract always write "price including VAT" or state the tax amount explicitly. If the contract is silent and the seller is registered, VAT may be treated as included in the price — or a dispute may start. The Ministry of Finance has also proposed new registration rules for sellers of new buildings and plots — covered in our article on the draft VAT registration rules.
The local acquisition tax and notary fees are due even when the seller is a company. Our notary calculator gives an estimate.
If the company becomes insolvent, the trustee can challenge transactions concluded within a certain period before the insolvency petition — especially at a price well below market value, or where a payment favours one creditor over the others. A transaction made after proceedings are opened, without the trustee, generally cannot be relied on against the creditors.
How to protect yourself:
If you are buying property from a company and want us to review the company's and the property's documents before you pay a deposit, call us or come into the office.
This is general information, not legal or tax advice for a specific case. Verified as of October 2026.
