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There are two main reasons why foreigners dissolve their Bulgarian limited companies: Regarding the first point, we have alarmed in the past few years that all companies in Bulgaria which haven’t been re-registered or dissolved voluntarily, will be subject to compulsory liquidation by the government. According to §5а paragraph 1 of Companies Register Act, the […]

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In their attempt to lower and optimise costs, road transport companies in Europe are trying to apply a cross border truck rental schemes to their international business. One of the most common mistakes is renting trucks, registered in one EU member state to a haulage operator (holder of community authorisation), registered in another member state. […]

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Following the 2003-2008 property rush, many Brits and Irish have bought properties in Bulgaria through limited companies. Some investors were in their retirement age, hoping to get their last years spent in new Bulgarian home. Due to complicated parent-children relations, in case of death of the company owner (or shareholder), the lawful heirs often couldn’t […]

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This post is consequence of my week struggle with the Bulgarian Commercial Register‘s reckless breach of the Apostille Convention. Bulgaria has signed the Hague Convention Abolishing the Requirement for Legalisation for Foreign Public Documents (its official full name) and it is effective for Bulgaria since its adoption by the Bulgarian Pаrliament and promulgation in the […]

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