All airlines and AOC holders, registered in Bulgaria benefit of the country’s EU membership and all connected Single Sky and Open Skies agreements. Country’s location is quite beneficial as it is almost in the middle on the route between the large airport hubs of the Middle East (Dubai, Doha etc.) and Western Europe’s largest airports (Frankfurt, Paris, London). […]

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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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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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In 2008, I was talking about the development of the factoring Market in Bulgaria. The credit crisis was in its peak and the few factoring companies in Bulgaria were progressing in their business. These factoring companies were sole owned by few banks. However there were also other private limited companies which deal mostly with debt […]

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As Bulgarian qualified solicitors, we were among the first ones in 2008 to alarm the foreign property owners of the compulsory liquidations that would follow if they had fail to re-register their holding limited companies. Now the liquidation process has been initiated and there are still property owners that have no idea of the legal process […]

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