Representation Before Bulgarian Notary And Title Deeds In Bulgaria
Commercial Law In Bulgaria
Bulgaria is a small country situated in Southeastern Europe, in the east of the Balkans. Its territory covers an area of 110,994 square kilometres , while its land borders with its five neighbouring countries have a total length of 1,808 kilometres , and its coastline has a length of 354 kilometres . The most notable topographical features of the country are the Danubian Plain, the Balkan Mountains, the Thracian Plain, and the Rila-Rhodope massif.
These are increasingly common in practice due to the increasing interconnectedness between people on a planetary scale. In addition to the services mentioned Turkish citizenship 250.000 USD above, we also offer international health Insurance plans. These plans are valid for 1 year covering personal injuries of up to 30,000 €, and cost 99 €.
Meps Tackle Rule Of Law In Bulgaria As Corruption Crisis Swells
Supervisory authorities also enjoy wide investigative and corrective powers including the power to undertake on-site data protection audits and the power to issue public warnings, reprimands and orders to carry out specific remediation activities. The controller must notify a breach to the supervisory authority without undue delay, and where feasible, not later than 72 hours after having become aware of it, unless the controller determines that the breach is unlikely to result in a risk to the rights and freedoms of natural persons. When the personal data breach is likely to result in a high risk to natural persons, the controller is also required to notify the affected data subjects without undue delay .
Our lawyers in Bulgaria can guide you through the company registration procedure in Bulgaria. Thedivorce by mutual consentis commonly used and it means that both of the individuals agree on the reasons why the divorce is needed and the procedure moves forward without a court investigation as to the validity of the reasons. Because this is a simpler type of divorce, with no lengthy procedures , the costs for the process are lower than in most other cases. Spouses need to agree upon the custody of the children, visiting rights, the division of the property acquired during the marriage, the use of the family name etc. This type of divorce takes place as per Articles 50 and 51 of the Family Code and the settlement is approved by the Court only after it is verified and it has been checked that the best interests of the children are being observed. When the Court finds that the children are not protected by the agreement as presented by the spouses, then a certain period of time is issued to allow the parents to remedy the deficiencies, as expressed by the Court.
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Please be advised of the Cadastral Plan particulars as regards to properties. Your property needs to be registered with the Cadastre Agency and prior to selling your property, you need to obtain a Cadastral Plan and present it to a Notary Public. Please note that in case you are selling a property through a company, you should require a VAT invoice for any and all fees payable.
The first free elections in June 1990 were won by the Communist Party, now rebranded as the Bulgarian Socialist Party. A new constitution that provided for a relatively weak elected president and for a prime minister accountable to the legislature was adopted in July 1991. The new system initially failed to improve living standards or create economic growth—the average quality of life and economic performance remained lower than under communism well into the early 2000s. After 2001 economic, political and geopolitical conditions improved greatly, and Bulgaria achieved high Human Development status in 2003. It became a member of NATO in 2004 and participated in the War in Afghanistan. After several years of reforms it joined the European Union and single market in 2007 despite Brussels’ concerns about government corruption.
Amendments To The Cita Kpmg Bulgaria
The municipality shall be bound to provide the property for the purposes of activities to the public benefit approximating to the maximum possible the objectives of the dissolved non-profit legal entity. An association defined for pursuing activities for public profit shall be established by at least 7 able-bodied natural persons or 3 legal entities. A non-profit legal entity registered in the court register may demand any other non-profit legal entity of the same type, that has adopted later on a name coinciding with the name of the former legal entity, to discontinue the use and application of the matching name.
The company liquidation in Bulgaria shall be started and dissolved with a decision of the shareholders. The legal decision for a company liquidation in Bulgaria is adopted with a majority of the shareholders (at least 75% of the company equity). Following the company decisions, the manager of the company has to notify the National Revenue Agency of this company decisions and of the start of the liquidation procedures in a Trade & Commercial Register. Expertise, a client-driven approach and reliability are characteristics that are most commonly stated when our clients are asked to describe our firm in their own words.
Protests have become more confrontational, and police clashed with demonstrators at a “grand national uprising” last week. Many Bulgarians are incensed that their prospects and those of their children are being thwarted in the EU’s poorest state, where a mafia elite acts above the law and has a stranglehold over the economy. This summer’s corruption crisis has offered startling examples of the increasing chutzpah of the oligarchs. According to recent surveys, 80 percent of Bulgarians see corruption as widespread, while more than 70 percent broadly support the protests. For two months, Bulgarians have packed the streets every night to protest that an oligarchic mafia has captured the state and extended its reach deep into institutions such as the judiciary, media and security services. They are demanding the resignations of Prime Minister Boyko Borissov and Chief Prosecutor Ivan “The Cap” Geshev.
You need to consider finding an office and/or a place for the commercial, production, service activities which you are going to perform. Before you start the registration, you should check at the Commercial Register whether the same name is not used by another legal entity. The Management of an OOD/EOOD could be performed by one person or by a legal entity.
The vaccine document can be in the format of an EU Digital COVID certificate or a similar document containing the same information. It is permissible to travel with just a negative test taken within 72 hours of arrival, but there would be the additional requirement to undertake 10-day quarantine without the possibility of ending after 24 hours with an after-entry PCR test. Further details regarding the definition of family members for these purposes are provided below. From 1 July 2021, Bulgaria introduced a new system for classifying travellers arriving in the country based on green, orange and red zones.
A Pew Research Center published in May 2017 suggested that 18% of Bulgarians were in favor of same-sex marriage, while 79% opposed it. Support was higher among Orthodox Christians (19%) and 18–34 year olds (26%), in contrast to Muslims (12%) and people aged 35 and over (15%). While just 27% believe there is nothing wrong with same-sex relationships, a 2015 Eurobarometer survey reported that 51% supported equal rights. According to a survey in 2007 by Skala, a sociological agency, 42.4% of Bulgarians would not like having a homosexual friend or colleague.
Eu Citizenship By Investment In Bulgaria
At Sofia airport you should use an authorised taxi from the company OK Supertrans, either by booking at the taxi desk in the arrivals hall or going to the official rank just outside the end of the terminal . Do not take a taxi with anyone who approaches you at the terminal offering a taxi service. Alternatively, it is possible to take the Metro directly from Terminal 2 to the city centre. In Sofia, standard taxi rates offered by reputable companies start at 0.79 lev per kilometre . In resorts such as Sunny Beach the official rate is in the region of 3 lev per kilometre. Bulgaria has extended its COVID epidemic status until the end of November.
Burdensome import procedures, tarrifs, and corruption at the border are cited as the most problematic factors for importing . The time predictability of import procedures is insufficient and the efficiency of the clearance process is rated as poor . Notwithstanding, dealing with imports and exports is far less costly and time-consuming than the regional average . While the number of times companies pay tax each year in Bulgaria is slightly lower than the regional average, companies spend more than double the amount of time on filing taxes compared to elsewhere in the region . The written statements on violations shall be drawn up by the revenue authorities, and the penalty decrees shall be issued by the Executive Director of the National Revenue Agency or by an official empowered thereby. The registration of a non-resident person registered in pursuance of Article 133 shall be terminated if the general conditions for deregistration under this Law are fulfilled.
All statements in writing of the non-profit legal entity shall include its name, domicile, address, as well as data about its registration, inclusive of the BULSTAT number. The address of the non-profit legal entity shall be at its registered office. This Act shall govern the establishment, registration, organization, activities and dissolution of non-profit legal entities. IP Consulting has supported and participated in time in different projects, dedicated for the development and the promotion of the intellectual property sector in Bulgaria and other countries and regions. The existing corporate tax law provisions for withholding tax on income accrued by a PE within Bulgaria to the head office or another PE outside Bulgaria are amended. In the case of payments made under such hybrid mismatch situations, the financial result is to be adjusted for tax purposes by the accounting income and expenses or by amounts that would have been treated as taxable income or tax non-deductible expenses.
- Тhe exam for the lawyers Bulgaria is created also to restrict the number of legal professionals in the country, because the universities in Bulgaria “produce” a lot of jurists and the work for all lawyers Bulgaria has dropped considerably.
- The applicant will be informed of any deficiencies and given one month within which to correct them.
- There are two types of employment contracts in Bulgaria – fixed term and with an indefinite period.
- We also accept cash, personal and business checks , money orders, cashier’s check, debit cards, and Paypal.com.
- Under the first regime, the assets held together by the spouses will be equally divided between them.
- The Sustainable Development Goals are 17 goals set by the United Nations to be implemented by all member states by 2030.
Persons who conclude transactions shall be jointly liable for the obligations undertaken. The subject of business activities shall be set forth in the statute or the articles of association of the non-profit legal entities. The non-profit legal entities shall freely determine their objectives and may determine their status as organizations pursuing activities for public or private benefit.
For changes of the citizenship of the persons the Ministry of Justice shall issue certificates. The acquisition of Bulgarian citizenship by naturalisation, the restoration of Bulgarian citizenship, the release and deprivation of Bulgarian citizenship and the revoking of the naturalisation shall be carried out by an edict of the President of the Republic of Bulgaria. The time limits under Para 1 shall commence from the submission of the application or the proposal to the Ministry of Justice or, respectively, from the date of rectification of the errors therein. The application and the documents attached to it must be written in Bulgarian language.